Cleveland, Ohio–Freedonia Group has published a new study into the US demand for gaskets and seals. The research group forecasts that the sector will see 5 percent growth annually, (incuding price increases), to reach $8600 million in 2008.
The automotive sector represents half the total market value, say the reporters, but the main growth will come from industrial machinery and electrical/electronic equipment.
Gaskets & Seals, Freedonia Study #1863, has 256 pages and is published this month. It is available for $3900 from The Freedonia Group, Inc.