Pharmaceutical Processing Seals Market
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The pharmaceutical processing seals market size is estimated to grow at a CAGR 5.97% rate during the forecast period. Increasing demand for new and innovative pharmaceutical manufacturing equipment and continuous R&D strategies for new product developments due to technological advancements is expected to drive the market. In addition, the growing healthcare sector is expected to increase the demand for pharmaceutical equipment and drive the market.
By material, metals segment is projected to hold the largest share in the market. Metals are preferred due to their ability to withstand chemicals reactions and extreme temperatures pressure, and other properties. Metals are used for making O-rings, lip seals, and gaskets which are used in as agitators, mixers, reactors, and gear boxes.
O-rings are in great demand in pharmaceutical equipment due to its less cost. The increasing demand for different types of pharmaceutical equipment such as agitators, hydraulic cylinders, HPLCs, batch reactors, and centrifuges in the developing regions such as APAC, South America, and the Middle East & Africa are expected to drive the demand for pharmaceutical processing seals.
Manufacturing equipment application is expected to place itself at the leading position in the market in 2017. Growth of pharmaceutical manufacturing and healthcare industry owing to increasing global population, growing incidences of chronic diseases, and increasing healthcare expenditure is expected to drive the growth of manufacturing equipment application market.
North America (US, Canada, and Mexico) captured the largest share in the global market in 2018. Increased consumption and demand for new and innovative pharmaceutical products has boosted the pharmaceutical manufacturing in the region. Consumption of pharmaceutical manufacturing equipment is expected to drive the market in the region.
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) are the key players in the market.
Key Questions Addressed by the Report
- What are the upcoming hot bets for the market?
- How is the market dynamics changing for different types of pharmaceutical processing seals?
- How is the market dynamics changing for different applications?
- Who are the major manufacturers of pharmaceutical processing seals?
- How is the market dynamics changing for different regions of the market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Pharmaceutical Processing Seals Market, By Application
6. Pharmaceutical Processing Seals Market, By Type
7. Pharmaceutical Processing Seals Market, By Material
8. Pharmaceutical Processing Seals Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Morgan Advanced Materials
Parker Hannifin Corporation
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