with forecasts to 2005 and 2010

Transcription

1 US outlook for Gaskets & Seals with forecasts to 2005 and 2010 New study finds: US demand for gaskets and seals is forecast to increase 4.8 percent annually (including price increases) to $9.7 billion in 2005 The best growth prospects will be for high-performance products including advanced fiber gaskets, expanded graphite gaskets and shaft seals The five leading manufacturers of gaskets and seals in the US -- Freudenberg, Federal-Mogul, Parker-Hannifin, Smiths Group and GenCorp -- accounted for 32 percent of the total market in 2000

2 Freedonia Industry Study #1472 Gaskets & Seals Study Publication Date: October 2001 Price: $3,600 Pages: 227 Gaskets & Seals, a new study from The Freedonia Group, provides you with an in-depth analysis of major trends in the industry and the outlook for product segments and major markets -- critical information to help you with strategic planning. This brochure gives you an indication of the scope, depth and value of Freedonia's new study, Gaskets & Seals. Ordering information is included on the back page of the brochure. Brochure Table of Contents Study Highlights... 2 Table of Contents and List of Tables and Charts... 4 Sample Pages and Sample Tables from: Gaskets & Seals Overview... 6 Supply & Demand... 7 Markets... 8 Industry Structure... 9 Company Profiles List of Companies Profiled Forecasting Methodology About the Company Advantages of Freedonia Reports About Our Customers Other Titles From Freedonia Ordering Information... 16

3 Study Highlights US demand for gaskets and seals is forecast to increase 4.8 percent annually (including price increases) to $9.7 billion in The best growth prospects will be for high-performance products including advanced fiber gaskets, expanded graphite gaskets and shaft seals. Graphite is a popular choice for gaskets in high temperature and corrosive environments, such as motor vehicle engines, and the chemical and petrochemical processing industries, although it faces competition from multilayered steel gaskets. Motor vehicles are expected to remain the largest market for gaskets and seals, due to the wide range of applications in that industry. The motor vehicle aftermarket will see the fastest growth of any major gasket and seal market. The five leading manufacturers of gaskets and seals in the US -- Freudenberg, Federal-Mogul, Parker- Hannifin, Smiths Group and GenCorp -- accounted for 32 percent of the total market in Freedonia Industry Study 2

4 Study Highlights Gasket & Seal Demand, 2000 Metallic Gaskets 17.1% Nonmetallic Gaskets 22.6% Molded Packings & Seals 20.2% Compression Packings 3.7% Shaft Seals 20.0% Motor Vehicle Body Seals 16.4% Gasket & Seals Demand (million dollars) % Annual Growth Item /90 05/00 Durable Goods Shipments (bil $) $ gaskets & seals/000$ durables Gaskets & Seals Demand Gaskets: SUMMARY 4890 TABLE Nonmetallic Metallic Seals: Molded Packings & Seals Shaft Seals Motor Vehicle Body Seals Compression Packings net imports Gaskets & Seals Shipments price deflator (1996=100) Gaskets & Seals Shpts (mil 1996$) Copyright by The Freedonia Group, Inc. Order form on last page 3

5 List of Contents, Tables and Charts I. EXECUTIVE SUMMARY Summary Table... 3 II. MARKET ENVIRONMENT General... 4 Economic Environment... 5 Cyclical Trends... 5 Table - Macroeconomic Environment... 7 Long Term Trends... 8 Manufacturing Outlook... 9 Table - Manufacturers Shipments...12 Fixed Investment Trends...12 Table - Nonresidential Fixed Investment Trends...14 Table - Elastomeric Gaskets Demand...45 Rubber...45 Thermoplastic Elastomers...46 Advanced Fiber-Based Gaskets...48 Table - Advanced Fiber-Based Gaskets Demand...49 Fiberglass...49 Aramid Fiber...50 Carbon Fiber...51 Conventional Fiber-Based Gaskets...52 Table - Conventional Fiber-Based Gaskets Demand...54 Cellulose Fiber...54 Paper & Felt...55 Asbestos...56 Other Nonmetallic Gaskets...57 Table - Other Nonmetallic Gaskets Demand...58 Plastics-Based...58 Cork...59 Expanded Graphite...61 All Other Nonmetallic...62 Metallic Gaskets...64 Table - Metallic Gaskets Supply & Demand...66 Conventional Metal Designs...66 Machined Metallic Gaskets...68 III. IV. GASKETS & SEALS OVERVIEW General...15 Supply & Demand...16 Table - Gaskets & Seals Supply & Demand...18 Chart - Gaskets & Seals Demand by Product...19 Market Volatility...19 Table - Gaskets & Seals Market Volatility, Chart - Gaskets & Seals Market Volatility, Pricing Patterns...22 Table - Gaskets & Seals Price Deflators...25 Chart - Gaskets & Seals Pricing Deflators...25 Technology & Materials Trends...26 International Issues & Foreign Trade...28 World Supply & Demand Trends...29 Table - World Gaskets & Seals Demand by Region...31 Trends in US Foreign Trade...31 Table - US Foreign Trade in Gaskets & Seals...32 Imports...33 Chart - US Gasket & Seal Imports by Region, Exports...34 Chart - US Gasket & Seal Exports by Region, GASKETS SUPPLY & DEMAND General...38 Table - Gaskets Supply & Demand...40 Chart - Gaskets Demand by Type...41 Nonmetallic Gaskets...41 Table - Nonmetallic Gaskets Supply & Demand...43 Elastomeric Gaskets...43 V. SEALS & PACKINGS SUPPLY & DEMAND General...70 Table - Seals & Packings Supply & Demand...73 Chart - Seals & Packings Demand by Type...74 Molded Packings & Seals...74 Table - Molded Packings & Seals Supply & Demand...76 O-Rings...77 Table - O-Rings Demand...78 Other Molded Packings & Seals...79 Table - Other Molded Packings & Seals Demand...80 Flexible Packings & Seals...80 Diaphragm Seals...81 Other Squeeze-Type Seals...82 All Other Molded Seals & Packings...82 Shaft Seals...83 Table - Shaft Seals Supply & Demand...85 Rotary Oil Seals...85 Table - Rotary Oil Seals Demand...87 Axial & Mechanical Face Seals...87 Table - Axial & Mechanical Face Seals Demand...89 Motor Vehicle Body Seals...89 Table - Motor Vehicle Body Seals Supply & Demand...92 Compression Packings...92 Table - Compression Packings Supply & Demand...95 VI. GASKET & SEAL MARKETS General...96 Table - Gaskets & Seals Market by Application & Source...98 Chart - Gaskets & Seals Demand by Market, Freedonia Industry Study

6 Motor Vehicles...99 Motor Vehicle Industry Overview Table - Motor Vehicle Outlook Gaskets & Seals Demand Table - Motor Vehicles Gaskets & Seals Demand OEM Table - OEM Motor Vehicles Gaskets & Seals Demand Aftermarket Table - Aftermarket Motor Vehicles Gaskets & Seals Demand Industrial Machinery Table - Industrial Machinery Gaskets & Seals Demand Construction & Related Equipment Construction & Related Equipment Industry Overview Table - Construction & Related Equipment Shipments Gaskets & Seals Demand Table - Construction & Related Equipment Gaskets & Seals Demand General Industrial Machinery General Industrial Machinery Industry Overview Table - General Industrial Machinery Shipments Gaskets & Seals Demand Table - General Industrial Machinery Gaskets & Seals Demand Engines & Turbines Table - Engines & Turbines Shipments Engines & Turbines Industry Overview Gaskets & Seals Demand Table - Engines & Turbines Gaskets & Seals Demand Refrigeration & HVAC Equipment Refrigeration & HVAC Equipment Industry Overview Table - Refrigeration & HVAC Equipment Shipments Gaskets & Seals Demand Table - Refrigeration & HVAC Equipment Gaskets & Seals Demand Other Table - Other Industrial Machinery Gaskets & Seals Demand Electrical & Electronic Equipment Table - Electrical & Electronic Equipment Gaskets & Seals Demand Instruments Instruments Industry Overview Table - Instruments & Related Equipment Shipments Gaskets & Seals Demand VII. Table - Instruments & Related Products Gaskets & Seals Demand Computers & Office Equipment Computers & Office Equipment Industry Overview Table - Computer & Office Equipment Shipments Gaskets & Seals Demand Table - Computer & Office Equipment Gaskets & Seals Demand Appliances & Consumer Durables Appliances & Consumer Durables Industry Overview Table - Appliances & Consumer Durables Shipments Gaskets & Seals Demand Table - Appliances & Consumer Durables Gaskets & Seals Demand Electrical Equipment Table - Electrical Equipment Shipments Electrical Equipment Industry Overview Table - Electrical Equipment Gaskets & Seals Demand Gaskets & Seals Demand Aerospace Aerospace Industry Overview Table - Aerospace Equipment Shipments Gaskets & Seals Demand Table - Aerospace Gaskets & Seals Demand Marine & Rail Marine & Rail Industry Overview Table - Marine & Rail Equipment Shipments Gaskets & Seals Demand Table - Rail & Marine Gaskets & Seals Demand Other Table - Other Markets Gaskets & Seals Demand INDUSTRY STRUCTURE General Industry Composition & Market Share Chart - US Gaskets & Seals Market Share by Company, Table - Revenue Data: Selected Gasket & Seal Manufacturers, Leading Producers Product Development & Manufacturing Table - Capital Spending Patterns: Selected Gasket & Seal Manufacturers Marketing & Distribution Financial Issues & Requirements Table - Composite Financial Ratios: Selected Gasket & Seal Manufacturers Mergers, Acquisitions & Industry Restructuring Table - Selected Acquisitions & Divestitures Cooperative Agreements Table - Selected Cooperative Agreements Company Profiles Order form on last page 5

7 Gaskets & Seals Overview The Gaskets and Seals Overview Section discusses factors influencing gasket and seal demand, including pricing patterns, technology trends and foreign trade. This information provides you with an understanding and an analysis of the climate in which the gaskets and seals industry operates. GASKETS & SEALS OVERVIEW Pricing Patterns Pricing for many gasket and seal products is restrained by the maturity of the market. Considerable consolidation in a number of end-use industries, such as motor vehicles and industrial machinery, has also reduced the bargaining power of component suppliers. In addition, the standardized nature of many gasket and seal SAMPLE PAGE designs also limits the scope for price increases in almost any market environment. While these trends impact almost every sector of the gaskets and seals industry, more basic products such as O-rings, compression packings and most nonmetallic gaskets constructed from traditional materials (commodity rubbers, paper and felt, cork, etc.) are, of course, the most affected. For some materials, such as die-cut elastomers, finished gaskets and seals also compete against the leftover sections of gasketing or sealing material sheets, which can be sold at a substantial discount since they would otherwise be waste. This direct competition against raw materials also helps to restrain price increases. Prices of gaskets and seals vary based upon the type of product and material of construction. However, in general, higher-end products offering superior performance characteristics -- e.g., axial and mechanical face seals, rotary oil seals and gaskets constructed from advanced materials (carbon and aramid fibers, specialty polymers and elastomers, flexible graphite, etc.) -- have exhibited relatively firm prices in recent years. Despite this, average gasket and seal prices at the producer level have lagged broader measures of inflation such as the GDP deflator despite generally healthy OEM demand fundamentals since the early 1990s. Gaskets and seals vary widely in price, ranging from a few cents apiece for lowerend, commodity-type items like smaller O-rings and commodity rubber gaskets, to a few dollars each for higher-performance products such as mechanical face seals, to upwards of $50 apiece for metallic or carbon fiber devices used in severe-service 6 Freedonia Industry Study

8 Supply & Demand These Sections provide demand for historical years and forecast growth to 2005 and 2010 for gaskets and seals. Advanced Fiber-Based Gaskets - Aramid Fiber GASKETS SUPPLY & DEMAND This information helps you: Analyze your company's growth potential in the industry. Outline your strategic plans for five and ten years out. Establish sales goals. Demand for aramid fiber-based gaskets is forecast to increase 5.6 percent per annum to $125 million in Advances will benefit from further supplantation SAMPLE PAGE of cork, rubber and felt in many high-temperature gasketing applications. Aramid fibers offer high strength, excellent stiffness-to-weight ratios and superior heat resistance compared to most materials, factors that will continue to prompt utilization in gaskets. However, these factors will be offset somewhat by growing competition from metals such as multilayered steel in motor vehicle applications, particularly under-the-hood automotive gaskets. In addition, similar to other gasketing materials, aramid fibers face growth constraints from the decelerating economy, which will limit production of key end-use products. First introduced by DuPont in 1972, aramid fibers are a family of aromatic polyamide fibers that are chemically related to nylon, with one of the best known brands being DuPont's KEVLAR. Aramid fibers are stronger than steel and lighter than aluminum, and offer excellent heat and stretch resistance. Therefore, they are used in harsh operating conditions where weight is an important consideration, including sporting goods, run-flat tires, body armor, and ropes used in space exploration and mooring naval ships. For gasketing applications, aramid fibers are commonly used in high-pressure and high-temperature applications in motor vehicles and industrial settings. Producers of aramid fiber gaskets for the US market include AW Chesterton (via Chesterton-Marine), Goodrich (via Garlock) and Interface Solutions. Axial & Mechanical Face Seals Demand (million dollars) Item Total Packings & Seals Demand % face seals Axial & Mech Face Seals Demand Mechanical Seals with Springs Mechanical Seals with Bellows Other Face Seals & Parts Copyright by The Freedonia Group, Inc. SAMPLE TABLE Order form on last page 7

9 Markets The Markets Section analyzes trends and considers the threats and opportunities in each of the major markets for gaskets and seals. The information presented will help you: Focus your sales and marketing efforts on high growth areas. Propose new areas for development. GASKET & SEAL MARKETS Construction Equipment - Gaskets & Seals Demand Demand for gaskets and seals in construction and related equipment (e.g., mining SAMPLE PAGE and materials handling equipment) applications is forecast to increase 4.8 percent per annum to $620 million. Gains will be driven primarily by increases in equipment sales and improving aftermarket fundamentals, as the existing equipment stock ages and requires repair. However, advances will decelerate from the 1995 to 2000 period, due to slowing production of end-use products. As new construction activity slows, equipment purchasers will forestall new equipment acquisitions. In addition, increasing use of leased and rented construction equipment will limit gains. Continuing competition from international suppliers in end-use markets will also dampen growth, as the trade surplus traditionally enjoyed by US construction equipment producers has turned to a deficit which is expected to increase. Gaskets and seals are incorporated as integral components in a wide range of equipment, including construction cranes, bulldozers and concrete buggies and mixers; mining excavators, draglines and shovels; off-highway trucks and tractors; crushing, pulverizing and screening equipment; drills and underground mining equipment such as continuous miners, longwall miners, roof bolters and haulage vehicles; and material handling equipment including conveyor systems, lift trucks Appliances & Consumer and automatic Durables storage/retrieval Gaskets systems. & Seals Specific Demand applications for gaskets and seals (million dollars) are similar to those of other types of industrial machinery and transportation equipment -- transmission systems, crankshafts and camshafts, drive systems, etc. Item In addition to fluid 1990 sealing, vibration 1995 control 2000 is important 2005 in 2010 many construction, mining and material handling environments. Household Appliances Shpts (bil $) $ gaskets & seals/000$ shpt Despite the importance 7.8of gaskets 9.4and seals 10.4to construction 11.2 equipment, 12.1 product SAMPLE TABLE innovations are relatively slow to reach this market, particularly because producers Appliances Gaskets & Seals Demand Copyright by The Freedonia Group, Inc. % appliances Electrical & Electronic G&S Demand Copyright by The Freedonia Group, Inc. 8 Freedonia Industry Study

10 Industry Structure Sample page from Freedonia Industry Study Gain #1117 a better Fractional understanding Horsepower of your Motors competition and analyze your company's position in the industry with information about: industry composition & market share INDUSTRY STRUCTURE leading producers product development manufacturing marketing & distribution financial issues & requirements mergers & acquisitions industry restructuring Product Development & Manufacturing Although fairly technologically mature products (relative to electronics, computer software, biotechnology and the like), gaskets and seals have experienced significant product innovation over the past decade and more. Initially, much of this development was caused largely by the regulatory-mandated requirement to eliminate asbestos from gasketing, which resulted in the commercial emergence of an array of alternative materials, such as carbon and aramid fibers, and expanded SAMPLE PAGE graphite. However, with the replacement of asbestos virtually complete by the mid-1990s, product innovations shifted toward meeting increasingly stringent customer demands for superior-performing, longer-lasting gaskets and sealing products, for which many users have proven willing to pay a premium price. Most research and development activity in the industry is undertaken at the company level, with the development of new products or improvement of existing ones as the main focus. Average ratios of R&D spending to total sales for publicly held gasket and seal producers generally fall in the two-to-three percent range. This approximates the average for all US manufacturing companies, although more diversified concerns with activity in higher-technology businesses can exhibit higher (sometimes much higher) ratios. However, a number of gasket and seal producers, particularly those involved in the aerospace industry, also conduct significant R&D activities under contract from customers, including the US government. This R&D, some of which may involve gaskets and seals, does not show up on companies' balance sheets as it is funded by the customers rather than the companies themselves. Since the gaskets and seals industry is fairly competitive, product development will continue to play some role in companies' competitive strategy; however, because these products are technologically mature, R&D will likely remain less important than either acquisitions or joint ventures, which can also provide significant technology transfers and capabilities upgrades. Manufacturing in the gaskets and seals industry is also relatively basic and straightforward, consisting of the fabrication and machining of materials into the Order form on last page 9

11 Company Profiles The Profiles Section analyzes 39 companies active in the U.S. gaskets and seals market. These profiles represent a sampling or cross-section of the types of companies involved in the industry. Divisions, subsidiaries, joint ventures, etc., are discussed under appropriate parent companies. Dana Corporation 4500 Dorr Street Toledo, OH COMPANY PROFILES Sources for profiles included: Information provided by key staff members in the respective companies Annual reports 10-K reports Security analysts reports Corporate product literature Dana Corporation is a major North American supplier of vehicular components for the original equipment manufacturer (OEM) and replacement parts markets. The Company is organized into seven market-focused strategic business units: Automotive Systems Group, Automotive Aftermarket Group, Engine Systems Group, Heavy Truck Group, Off-Highway Systems Group, Fluid Systems Group and Leasing Services. In 2000, Dana had sales of $12.3 billion, of which $9.4 billion originated in North America. The Company employed 79,300 in Sealing and bearings products, which include the company's gasket products, accounted for seven percent of the Company's total 2000 sales, or approximately $860 million. Dana participates in the gaskets and seals industry through its Engine Systems Group and Automotive Aftermarket Group units. The Engine Systems Group (ESG) unit, which accounted for $1.3 billion of 2000 sales, serves the automotive, light- to heavy-truck, outdoor and leisure power equipment and SAMPLE PAGE industrial markets with a variety of sealing products, internal engine hard parts, sensors and electronic modules. Gaskets, bearings, piston rings, liners and camshafts are included in the ESG unit's range of products. The ESG unit's Sealing Products segment operates 29 manufacturing facilities worldwide. The segment produces more than 400 million sealing products annually, including cylinder head and exhaust manifold gaskets, intake gaskets, thermal/acoustical shields, oil seals and valve stem seals. Other products include molded rubber seals. Branded products include NITROSEAL graphite gaskets, Copyright by The Freedonia Group, Inc. 10 Freedonia Industry Study

12 Companies Profiled Acadia Elastomers Corporation AMETEK Incorporated AMSTED Industries Incorporated Brenco Incorporated Bal Seal Engineering Company Incorporated Caterpillar Incorporated Chardon Rubber Company Chesterton (AW) Company Cooper Tire & Rubber Company Nishikawa Standard Company Dana Corporation GemStone Gasket Company Victor Reinz Group Eagle-Picher Industries Incorporated Wolverine Gasket ElringKlinger AG Versatech Sealing Systems Incorporated Emerson Electric Company Fusite Company Federal-Mogul Corporation Fel-Pro Incorporated Flexfab Horizons International Incorporated The Flexitallic Group Incorporated Flowserve Corporation Freudenberg & Company Detroit Gasket Company Farnam Meillor Sealing Systems Incorporated Meillor SA Verco Seal Incorporated GenCorp Incorporated GDX Automotive Goodrich Corporation France Compressor Products Garlock Sealing Technologies Gore (WL) & Associates Incorporated Greene, Tweed & Company Palmetto Packings HCC Industries Incorporated Glasseal Products Hermetic Seal Corporation Henkel KGaA Loctite Corporation Illinois Tool Works Incorporated Interface Solutions Incorporated Invensys plc Ishikawa Gasket Company Limited Kaydon Corporation Madison Capital Partners Industrie Ilpea SpA Metzeler Automotive Profile Systems BTR Sealing Systems California Automotive Sealing Incorporated Park-Ohio Holdings Corporation Parker-Hannifin Corporation Wynn s International Incorporated Saint-Gobain Furon Company SKF AB Chicago Rawhide Smiths Group plc Crane (John) Incorporated TI Group plc Total Fina Elf SA Hutchinson Seal-National O-Ring Stillman Seal Toyoda Gosei Company Limited California Automotive Sealing Incorporated Waterville TG Incorporated Trostel (Albert) & Sons Company UniPoly Schlegel Order form on last page 11

13 Forecasting Methodology Freedonia does not just collect and reprint data; Freedonia develops data. Our analysts thoroughly investigate an industry by extensively interviewing key industry participants and analyzing information from sources such as associations, government and trade literature. Once this research is complete, Freedonia establishes one set of forecasts. All writing, editing and forecasting is done in-house to assure quality and consistency. In cases where data does not exist, Freedonia develops the data based on input/output ratios, bills of materials and flow charts. The following chart summarizes Freedonia's methodology: The Freedonia Economics Group Consistent framework of economic indicators on... Nonresidential Fixed Investment Industrial Machinery Shipments Gross Domestic Product (GDP)... and many others Freedonia In-house Research Quantitative forecasting Industry structure & market share analyses Product analyses & forecasts Methodology for Gaskets & Seals Extensive Interviews Key participants Industry experts End-users Proprietary Electronic Database Trade publications Government reports Corporate literature Online databases... and many others 12 Freedonia Industry Study

14 About The Freedonia Group The Freedonia Group, Inc. is a leading international industry study/ database company. Since 1985, Freedonia has published over 1,600 titles covering areas such as chemicals, coatings and adhesives, building materials, plastics, industrial components and equipment, health care, packaging, household goods, security, and many other industries. Freedonia has produced a wide variety of titles, including: World Bearings Automotive Aftermarket in North America Industrial Valves Industrial Rubber Products Because Freedonia is a reliable information source, our forecasts are cited in numerous publications such as The Wall Street Journal, Rubber & Plastics News, and Purchasing. Advantages of Freedonia Reports In-house operations Because all of our staff work at the same location, interaction between analysts and departments provides a strong system of checks and balances. Consistency Our Economics Group develops indicators that are used by all analysts. Therefore, every Freedonia study is based on a consistent set of economic assumptions (GDP, industrial machinery shipments, nonresidential fixed investment, etc.) Reliable forecasts Because all of our forecasts consider the environment in which a product or industry is operating, as well as threats and opportunities to the market, Freedonia forecasts are reliable indicators of future performance. One-on-one interviews All studies are produced by conducting interviews with key industry participants and end-users. Proprietary electronic database Freedonia s analysts can tap into an extensive in-house electronic database containing corporate literature (including private company information), trade publications, government reports and many other sources of information. Order form on last page 13

15 About Our Customers Freedonia's clients include major US and international companies in the manufacturing, services, consulting and financial sectors. Typical purchasers of Freedonia studies : Key Executives Corporate Planners Market Researchers Financial Analysts Information Centers New Product Developers Merger & Acquisition Specialists Since 1985 we have provided research to customers ranging in size from global conglomerates to one person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia research to help with their strategic planning. Some of Freedonia's customers in the gaskets and seals market include: Caterpillar, Dana, GenCorp, Illinois Tool Works, Parker-Hannifin and Total Fina Elf. 14 Freedonia Industry Study

16 Other Titles From Freedonia For more information about these or other Freedonia titles, please contact us at: The Freedonia Group, Inc. Phone: (440) (800) Fax: (440) World Gaskets & Seals World gasket and seal demand will grow 5.7% annually through Motor vehicles will remain the largest market while electrical and electronic equipment uses grow the fastest. High-end products such as mechanical face seals, rotary oil seals and nonmetallic gaskets made of advanced materials have the best growth prospects. This study analyzes the US$22 billion world gaskets and seals industry to 2005 and 2010 by product, source, region and for 34 countries. It also details market share and profiles key firms. # / $4,500 World Bearings The world market for anti-friction bearings will grow 6.5% through Accelerating capital investment in most developing regions and rising average prices due to improved quality will drive gains. Asian bearings markets will perform well, particularly China and India, while the strongest regional gains are expected in Latin American and Eastern Europe. This study analyzes the world bearings industry to 2005 and 2010 for six regions and 31 countries. It also profiles key firms and evaluates market share. # / $4,500 World Automotive Aftermarket The world automotive aftermarket will grow over 6% annually to Advances will be driven by more light vehicles in use, continued maintenance and repair of older vehicles and greater use of higher value electronics. Brake parts and fuel injectors will lead gains in the large mechanical and electrical products segment. This study analyzes the US$107 billion world automotive aftermarket by product and geographic region, and for 25 countries. It also details industry structure and profiles key companies. # / $4,500 Industrial Valves Industrial valve demand in the US will reach $12 billion in 2004, supported by gains in the public utilities market, especially the electricity generation industry. Opportunities will also result from the continuing emphasis on modernization and automation of production processes, as manufacturers strive to remain globally competitive. This study analyzes the $10 billion US industrial valve industry to 2004 and 2009 by material, type and market. It also presents market share data and profiles key industry players. # / $3,500 Automotive Aftermarket in North America The aftermarket for light vehicle components and parts in North America will grow over 4% annually. Gains will be driven by the growing size and age of the light vehicle park, with the increasing durability of newer models a limiting factor. Mechanical products will remain the largest segment while electronics grow the fastest. This study analyzes the $45 billion US, Canadian and Mexican automotive aftermarket to 2004 and 2009 by country and product. It also profiles key players and presents market shares. # / $3,700 Industrial Rubber Products Sales of industrial rubber products in the US will grow over 6% annually. Gains will be driven by expanded use of geomembranes and rubber roofing and flooring. The aerospace and other transportation market will also post rapid gains, while mechanical rubber goods remains the largest product group, with most demand related to motor vehicles. This study analyzes the $15.5 billion US industrial rubber products industry to 2004 and 2009 by type and market. It also evaluates market shares and profiles key firms. # / $3,600 World Pumps Global fluid handling pumps demand will grow nearly 7% annually. The developing regions of Latin America, Africa/Mideast and Eastern Europe will grow the fastest, while the industrialized nations will remain the largest markets. Centrifugal pumps will remain the most commonly used, with positive displacement pumps growing the fastest. This study analyzes the $30 billion fluid handling pump industry to 2004 and 2009 in 6 regions and 49 countries. It also details market share and profiles key producers. # / $4,600 Order form on last page 15

17 How to Order For more information about our products, please call the Freedonia Customer Service Department at (440) or (800) or fax (440) Ordering Information Fill out the coupon below and mail it to The Freedonia Group, or send your order by fax (440) , or to Handling and Shipping is FREE There is NO charge for handling and shipping. In the US we ship via UPS. Outside the US, we provide free airmail service. If you would like express delivery, we provide this to you at cost. Save Fifteen Percent If you order three (3) different titles at the same time, you can receive a discount of 15 percent. If your order is accompanied by a check, you may take a 5 percent cash discount (discounts do not apply to corporate use licenses). Use Credit Card You may charge your order to either Visa, MasterCard or American Express. Please include your credit card account number, expiration date and your signature. Corporate Use Licenses Now every decision maker in your organization can act on the key intelligence found in all Freedonia studies. For an additional $2,000, you receive unlimited use of an electronic version (PDF) of the study. Place it on your Intranet, it to coworkers around the world, or print it as many times as you like! Order it today. Orders Outside of the US Checks must be paid in US funds and drawn against a US bank. Wire transfers should be sent to: Fifth Third Bank, Cincinnati, Ohio; The Freedonia Group, Inc.; SWIFT #FTBCUS3C; ABA # ; Account # (please include study number and/or invoice number with all wire transfers). Additional Copies Additional copies are available to original purchasers at $400 per title. Online Access The complete text and tables from our studies and reports can be found on our Web site and through major commercial online vendors. THE FREEDONIA GROUP, INC. 767 Beta Drive Cleveland, OH USA Phone: (440) (800) Fax: (440) Name: Title: TITLE PRICE #1472 Gaskets & Seals $3,600 Corporate Use License (add to study price) + $2,000 Additional Print $400 Each Company: Division: Street: (no PO Box please) City/State/Zip: Please check method of payment: Total: $ Enclosed is my check (5% discount) drawn on a US bank and payable to The Freedonia Group, Inc., in US funds. (Ohio residents add 7% sales tax). Bill my company MasterCard Visa American Express Country: Phone: Fax: MO. YR. F-SM.1472 SHIPPING and HANDLING charges are FREE via UPS (USA only) or airmail. Express delivery available at cost. Please inquire. Credit Card # Signature: Expiration Date