The world seal market by product type: Worth US$12 billion per annum
✍ Scribed by Roy Szweda
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 354 KB
- Volume
- 2000
- Category
- Article
- ISSN
- 1350-4789
No coin nor oath required. For personal study only.
✦ Synopsis
Today the market for seals and sealing products has reached no less than US$12 billion dollars per annum. In this article our series of overviews and market forecasts for the fluid sealing product market continues with a look at the market broken down by actual sealing products. The ongoing march of sealing technology development not only improves existing products, but also opens up new commercial opportunities. To a good extent this counterbalances the general downturn in some manufacturing sectors and, as regularly reported in Sealing Technology, ever-more capable seal products are being launched to ensure optimal compliance for the new century.
Gaskets dominating world seals market
The world market is divided by seal type as shown in Figure 1. Dominating the market will be gaskets, which collectively account for more than half of the market.