openPR Logo
Press release

Pharmaceutical Processing Seals Market worth $3.3 billion by 2026 | Key players Trelleborg AB, Freudenberg Group, Flowserve Corp, James Walker, Parker Hannifin Corp

05-19-2022 05:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Pharmaceutical Processing Seals Market

Pharmaceutical Processing Seals Market

According to recent market research "Pharmaceutical Processing Seals Market by Material (Metals, PTFE, Nitrile Rubber, Silicone, EPDM, FKM, FFKM, UHMWPE, PU), Type (O-Ring Seals, Gaskets, Lip Seals, D Seals), Application (Manufacturing Equipment), and Region - Global Forecast to 2026", The pharmaceutical processing seals market is projected to grow from USD 2.1 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 10.0% during the forecast period. The growth of pharmaceutical processing seals market is attributed to the increased demand for pharmaceutical manufacturing equipment due to the growing healthcare industry and increasing consumption of pharmaceutical drugs. In addition, the expansion of healthcare industry in APAC due to favorable trade policies proposed by the government of countries in this region is expected to drive the pharmaceutical processing seals market.

Browse 143 market data Tables and 36 Figures spread through 162 Pages and in-depth TOC on "Pharmaceutical Processing Seals Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-processing-seal-market-154059281.html

O-rings are the most preferred type of seals used in pharmaceutical industry due to their cost effectiveness and a wide range of applications. O-rings are used in static or dynamic applications in pharmaceutical equipment. Applications such as pump shaft and cylinder piston used in pharmaceutical industry mostly consume O-rings. O-rings are made of materials such as EPDM, silicon rubber, fluorosilicone, and others, which are highly compatible for pharmaceutical equipment. O-rings are used in agitators and hydraulic cylinders. The increase in the demand for such types of equipment due to increasing pharmaceutical production is expected to drive the pharmaceutical processing seals market.

Silicone is the fastest-growing material for pharmaceutical processing seals. There are very few substitutes available in the market for silicone used in pharmaceutical processing seals as it is considered the most suitable material due to its non-reactiveness when it comes into contact with process fluids. In the pharmaceutical industry, silicone is used for making O-rings, gaskets, and diaphragms which are further used in mixers, pumps, valves, piping flanged joints, transfer equipment, hygienic pipework, reactor vessels, and blenders. The increase in the demand for different types of pharmaceutical manufacturing equipment is expected to drive the market for silicone-based pharmaceutical processing seals.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=154059281

The market size of pharmaceutical processing seals is estimated at USD 2.1 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 10.0% between 2021 and 2026.
Seals are an important part of pharmaceutical equipment and are used for various applications under pharmaceutical industry, such as to prevent contamination and leakage, and to handle friction and abrasion. The properties present in pharmaceutical processing seals such as excellent chemical resistance and stability at extreme temperatures and pressure conditions enable them to be used in different applications. These properties of pharmaceutical processing seals are expected to drive the demand during the forecast period.

The demand for pharmaceutical processing seals is mainly catered to by global players manufacturing these equipment's for various end-use applications. The key players in the pharmaceutical processing seals market include Trelleborg AB (Sweden), Freudenberg Group (Germany), Flowserve Corporation (US), James Walker (UK), Parker Hannifin Corporation (US), Saint-Gobain S.A. (France), Garlock (US), John Crane (US), IDEX Corporation (US), and Morgan Advanced Materials Plc (UK). The pharmaceutical processing seals market report analyzes the key growth strategies adopted by the leading market players, between 2018 and 2020, which include expansion, joint venture, new product development, and merger & acquisition.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154059281

Freudenberg Group is one of the leading manufacturers of pharmaceutical processing seals. The company operates through three business segments, namely, seals and vibration control technology, nonwovens and filtration, household, and specialties and others business segments. The company offers sealing solutions for pharmaceutical industry through its subsidiary, namely, Freudenberg Sealing Technologies, which is a major player operating in the pharmaceutical processing seals market offering a wide range of sealing solutions for the pharmaceutical industry. The major advantage for the company is that it is backward integrated, and hence can easily formulate customized products according to the customers' demands. The company offers a wide range of seals for pharmaceutical industry, such as agitator seals, standard cartridge seals, pusher seals, couplings, and gaskets. It offers sealing solutions to process industry, fluid technologies, mobile machinery, power and many others. The company offer pharmaceutical sealing solutions through process industry market.

Trelleborg AB is among the key players in the pharmaceutical processing seals market, which has adopted growth strategies of merger & acquisition, expansion, and new product development. The company offers engineered polymer solutions, which are used in sealing, damping, and protecting applications. It offers sealing solutions for pharmaceutical industry through its subsidiary, namely, Trelleborg Sealing Solutions. The company offers O-rings, gaskets, and diaphragms for pharmaceutical sealing application. It has a strong geographical presence in more than 40 countries with 28 manufacturing facilities and 9 R&D centers in Europe and the Americas.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/pharmaceutical-processing-seal.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/pharmaceutical-processing-seal-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pharmaceutical Processing Seals Market worth $3.3 billion by 2026 | Key players Trelleborg AB, Freudenberg Group, Flowserve Corp, James Walker, Parker Hannifin Corp here

News-ID: 2630006 • Views: 62

More Releases from MarketsandMarkets

Manufacturing Execution Systems Market Growth, Analysis, Latest Trends and Forec …
The global manufacturing execution systems market size is expected to grow from USD 13.0 Billion in 2022 to USD 20.0 Billion by 2027, at a CAGR of 9.0%. The use of hybrid deployment type for manufacturing execution systems market and an inclination towards services to fuel the growth of manufacturing execution systems market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=536 Automotive is one of the major end-user industries where hybrid deployment has been adopted
Lithium-ion Battery Recycling Market worth $22.8 billion by 2030 | Key players U …
According to recent market research "Lithium-ion Battery Recycling Market by End Use (Automotive, Non-automotive), Battery Chemistry, Battery Components, Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/ Mechanical Process), and Region - Global Forecast to 2030", The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030, at a CAGR of 19.6% during the forecast period 2021-2030. The rising demand for
Waterborne Coatings Market | Key players operating in the market include BASF SE …
The report "Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), Region (APAC, North America, Europe, MEA, South America) - Global Forecast to 2026" The global waterborne coatings market size was USD 77.9 billion in 2020 and is projected to grow at a CAGR of 3.5% during the forecast period to reach USD 117.7 billion by 2026.Waterborne coatings use water as
Microgrid Market Worldwide Analysis on Revenue, Segmentation and Key Players
According to MarketsandMarkets, the microgrid market is estimated to be USD 26.9 billion in 2022, and projected to reach USD 63.2 billion by 2027, at a CAGR of 18.6% during the forecast period. Some of the major factors driving the growth of the microgrid market includes the rising emphasis on decarbonization by end users and government, the growing adoption of microgrids for rural electrification, and the increasing incidence of cyberattacks

All 5 Releases


More Releases for Seals

Global Security Seals for Airline Market 2020 SWOT Analysis - Hoefon Security Se …
The market exploration report titled Global Security Seals for Airline Market Growth 2020-2025 provides an investigation of the most recent market patterns like market development openings, size, share, and drivers. The report looks at the market status and future trends. The report focuses on the market size, market share, market positioning, product type, and important roles of the players in the global Security Seals for Airline market. It explains the
Polyurethane Seals / PU Seals Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the Polyurethane Seals / PU Seals market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Polyurethane Seals / PU Sealsmarket by key players, product type, applications and regions,etc. The main objective of this market research is to help the readers understand the structure of Polyurethane Seals / PU
On the basis of types, the global mechanical seals market can be segmented into …
Increase in production of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market. Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market. Request to View TOC @ https://www.futuremarketinsights.com/toc/rep-gb-1596 Global
Global Hydraulic Seals Market 2018 -SKF, Trelleborg Group, All Seals, Chesterton …
Accord Market, recently published a detailed market research study focused on the “Hydraulic Seals Market” across the global, regional and country level. The report provides 360° analysis of “Hydraulic Seals Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Hydraulic Seals on the
Global Gable Top Market 2017 - Trelleborg, All Seals, MFP Seals, SKF, Parker, Am …
This report studies the Gable Top on United States and global market, focuses on the top players in US market and also the market status and outlook by type and application. Request For Sample Report @ https://www.fiormarkets.com/report-detail/49680/request-sample Geographically, this report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Gable Top in these regions, from 2012 to 2022 (forecast), covering North America Europe Asia-Pacific South America Middle East and
United States Cartridge Seals Market Report 2017
Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate of Cartridge Seals in these regions, from 2012 to 2022 (forecast). United States Cartridge Seals market competition by top manufacturers/players, with Cartridge Seals sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including EagleBurgmann