Cleveland-Think of gaskets and seals as a window on the world of manufacturing.
According to the new Gaskets & Seals study by the Freedonia Group, domestic demand for gaskets and seals will decelerate from recent growth levels of 8.6% to 5.6% by 2003, reflecting a production-growth slowdown in major OEM markets-including motor vehicle, industrial machines, and electrical equipment. Still, the study forecasts a rise in demand to $7.3 billion, inclusive of price increases.
The study predicted several bright spots for gaskets and seals. The strongest growth will likely occur in the aerospace market, fueled by rising demand for civilian and military aircraft. It also foretells strong growth in the maintenance-repair-and-operations (MRO) market with the aging of the installed base of machinery and equipment, which grew during the long economic expansion.
In terms of product types, the best growth prospects will be for high-performance products such as mechanical face seals, rotary oil seals, and non-metallic gaskets made from advanced materials.
Halloween isn’t just a time for creative costumes. Thanks to the element14 online design community, the holiday this year also brings us a number of creative electronic device design ideas aimed at making your Halloween party a unique experience.
On April 15, 2010, President Barack Obama gave a major speech at the Kennedy Space Center in Florida, announcing that the US would send astronauts to Mars by the mid-2030s. But in order to do so, NASA would first need to ramp up its capabilities through missions directed toward "a series of increasingly demanding targets," i.e. asteroids.
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