Overview of the Market for Gasket, Packing, And Sealing Device in the USA
In value terms, gasket, packing, and sealing device production reached $ in 2018. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2015 to 2018, production growth remained at a lower figure.
The value of the market for gasket, packing, and sealing device in the U.S. rose to $ in 2018, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by % against the previous year. Gasket, packing, and sealing device consumption peaked at $ in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.