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Market ReportsNewsrss6

Aerospace hose and tube assemblies market forecast at $2.3 billion by 2026

The aerospace hose and tube assemblies market fell victim to the pandemic’s wrath and declined by a massive -28% in 2020, dragging the market behind by at least half a decade. That being said, the industry is on its way to healing which is quite apparent in recent events. The aerospace giants, Airbus and Boeing’s recouping revenues, climbing production rates of key aircraft programs, and easing up of traveling restrictions are some of the key factors indicating the commencement of regaining normalcy. A similar impact is likely to be witnessed in the aerospace hose and tube assemblies market, which is likely to grow at a promising CAGR of 7.9% during 2021-2026 to reach US$ 2.3 billion by 2026 according to ResearchandMarkets.com

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Harwick Standard Distribution related company acquires Western Reserve Chemical

Harwick Standard Distribution announced that a related entity has completed the acquisition of Western Reserve Chemical. At this point, the Western Reserve Chemical business will operate in parallel with Harwick Standard. The integration process will be mapped out over the coming months. Ron Anderson, president of Western Reserve, will continue to be involved in the business. Financial details of the transaction were not disclosed.

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North America and Asia Pacific gasket and seal market forecast at $19.5 billion by 2027

The North America and Asia Pacific gasket and seal market is classified into automotive and transportation, industrial and manufacturing, oil and gas, power and energy, chemicals, and others. Automotive and transportation and oil and gas dominated the end-use industry segment in terms of revenue. An increase in the adoption of gasket and seal solutions in oil and gas refineries is due to stringent regulations implemented by the Environmental Protection Agency (EPA) in North America. As compared to Europe and LAMEA, the North America and Asia Pacific gasket and seal market share is dominant, owing to rising industrialization in Asia Pacific, and significant increase in the adoption of mechanical seals in the oil and gas refineries of North America.

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Marc Pignataro joins Harwick Standard

Marcus Pignataro joins Harwick Standard Distribution Corporation as Vice President – Sales and Marketing. He will also oversee Harwick’s Technical Department. Marc comes to Harwick after a combined 14 years at Hexpol/Preferred Compounding Corporation, most recently serving as Director of Sales – North. From 2008 to 2011 Marc worked in China as President and General Manager of their China joint venture. He also worked for SRC Worldwide, Ferro Corporation and B.F. Goodrich Performance Materials.

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