Pharmaceutical Processing Seals: Global Market Outlook to 2023 – Increasing Demand for OTC Drugs is a Key Driver – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pharmaceutical
Processing Seals Market by Material (Metals, PTFE, Nitrile Rubber,
Silicone, EPDM), Type (O-Ring Seals, Gaskets, Lip Seals, D Seals),
Application (Manufacturing Equipment), and Region – Global Forecast to
2023” report has been added to ResearchAndMarkets.com’s
offering.

The pharmaceutical processing seals market is estimated to be USD 1.8
Billion in 2018 and is projected to reach USD 2.4 Billion by 2023, at a
CAGR of 6%.

Capacity expansion and constant innovation in the pharmaceutical
industry are expected to drive the demand for pharmaceutical processing
seals. North America is the major consumer of pharmaceutical
manufacturing equipment; the presence of a strong healthcare sector in
the region is driving the pharmaceutical industry and thus, boosting the
market for pharmaceutical processing seals.

The high demand for new and improved equipment with greater stability
and performance used in pharmaceutical manufacturing is likely to
generate a positive impact on the growth of the pharmaceutical
processing seals market. This overall growth in the demand for
pharmaceutical manufacturing equipment is expected to drive the
pharmaceutical processing seals market.

O-rings accounted for the largest market share in the pharmaceutical
processing seals market. O-rings are used in pharmaceutical equipment
used during the manufacturing of pharmaceutical drugs. The increasing
demand for pharmaceutical processing seals is driven by the growth of
the pharmaceutical manufacturing sector.

The factors contributing to the growth of the pharmaceutical sector,
globally are increasing incidences of chronic diseases and lifestyle
diseases, growing elderly population, and improved healthcare system.
O-rings are used in applications such as cryogenic, bioprocessing, and
others. The type of equipment, which highly consumes O-rings are
agitators and hydraulic cylinders, the huge consumption of which, is
expected to drive the pharmaceutical processing seals market, globally.

Silicone is estimated to be the fastest-growing material for
pharmaceutical processing seals between 2018 and 2023. Silicone is
preferred in the pharmaceutical industry due to its properties such as
flexibility and stability in extreme pressure and temperature
conditions, chemical inertness, and minimal bacterial growth.

Silicone is the apt material for pharmaceutical processing seals used in
pharmaceutical equipment where purity and cleanliness are highly
important. It is used in pharmaceutical industry for manufacturing
O-rings, diaphragms, elastomer seals, and gaskets. The growth in the
consumption of these seals in pharmaceutical equipment is expected to
drive the market for silicone-based pharmaceutical processing seals,
globally.

North America was the largest market for pharmaceutical processing seals
in 2017, owing to the presence of a strong and developed pharmaceutical
industry in the region. North America consists of some of the major
pharmaceutical markets of the world, such as the US and Mexico. The huge
production of pharmaceutical drugs in the region has boosted the
pharmaceutical equipment market which has increased the demand for
pharmaceutical processing seals.

Factors contributing to the increased pharmaceutical production in the
region are a huge demand for generic and biosimilar drugs, huge
healthcare expenditure, increasing elderly population, and a growing
incidence of lifestyle diseases. The huge production and consumption of
pharmaceuticals in the region are expected to drive the pharmaceutical
processing seals market.

The key companies profiled in this report for 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).

Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market
Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5
Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size
Estimation
2.3 Data Triangulation

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the
Pharmaceutical Processing Seals Market
4.2 Pharmaceutical
Processing Seals Market, By Region
4.3 Pharmaceutical Processing
Seals Market in North America, By Country and Application, 2017
4.4
Pharmaceutical Processing Seals Market, Developed vs Developing Countries

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1
Increasing Demand for OTC Drugs
5.1.1.2 Increasing Instances of
Chronic Diseases
5.1.2 Restraints
5.1.2.1 Growing Preference
for Refurbished Equipment
5.1.3 Opportunities
5.1.3.1 Growing
Elderly Population
5.1.3.2 Growth of Pharmaceutical Manufacturing
in the Emerging Economies
5.1.4 Challenges
5.1.4.1 Increasing
Overall Costs Owing to Dynamic Regulatory Measures
5.2 Porter’s
Five Forces Analysis
5.3 Macroeconomic Indicators

6 Pharmaceutical Processing Seals Market, By Material
6.1
Introduction
6.2 Metals
6.3 PTFE
6.4 Silicone
6.5
Nitrile Rubber
6.6 EPDM
6.7 Others

7 Pharmaceutical Processing Seals Market, By Type
7.1 Introduction
7.2
O-Rings
7.3 Gaskets
7.4 Lip Seals
7.5 D Seals
7.6
Others

8 Pharmaceutical Processing Seals Market, By Application
8.1
Introduction
8.2 Manufacturing Equipment
8.3 Others

9 Pharmaceutical Processing Seals Market, By Region
9.1 Introduction
9.2
North America
9.3 APAC
9.4 Europe
9.5 South America
9.6
Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3
Competitive Situation & Trends

11 Company Profiles
11.1 Trelleborg
11.2 Freudenberg Group
11.3
Flowserve Corporation
11.4 James Walker
11.5 Parker Hannifin
Corporation
11.6 Saint-Gobain
11.7 Garlock
11.8 John Crane
11.9
Idex Corporation
11.10 Morgan Advanced Materials
11.11 Techno
Ad Ltd.
11.12 Additional Company Profiles
11.12.1 Aesseal
11.12.2
Eagle Industry Co. Ltd.
11.12.3 Marco Rubber & Plastic Products Inc.
11.12.4
Precision Associates Inc.
11.12.5 Maclellan Rubber Ltd.
11.12.6
Performance Sealing Inc.
11.12.7 American High Performance Seals
11.12.8
Darcoid of California
11.12.9 Technetics Group
11.12.10 C.
Otto Gehrckens GmbH & Co. KG Seal Technology
11.12.11 Vulcan
Engineering Limited
11.12.12 Seals & Design Inc.
11.12.13
Wika Alexander Wiegand SE & Co. KG
11.12.14 Intec Seals
11.12.15
Etannor Sealing System
11.12.16 Canada Rubber Group Inc.

For more information about this report visit https://www.researchandmarkets.com/research/9z7pw5/pharmaceutical?w=4

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Related
Topics: Pharmaceutical
Manufacturing