Pharmaceutical Seals Market Report
Pharmaceutical Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Pharmaceutical Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Pharmaceutical Seals Market is Segmented by Product Type (O-rings, Gaskets, Lip Seals, Profile Seals, and Others), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Pharmaceutical Seals Market is Segmented by Product Type (O-rings, Gaskets, Lip Seals, Profile Seals, and Others), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region...
Seals are used in the pharmaceutical processing industry under strict hygiene regulations to prevent any contamination by germs. Seals used in the pharmaceutical processing and packaging equipment for their proper and smooth operations are considered under our scope of the study. The selection of sealing solutions for this industry is based on several parameters including but not limited to STAMPS (size, temperature, application, media, and pressure) process conditions. Other noticeable factors are hygienic processing, such as compliant materials, hygienic designs, and cleaning regimes.
The Pharmaceutical seals market has been growing with the development of new technological equipment to produce the pharmaceutical products in bulk quantity with better quality. The global spread of the pandemic has given an impetus to certain sections of the pharmaceutical industry, giving a push for the establishment of new production plants and advancements of old ones to fulfill increased demand for pharmaceuticals worldwide. Many vaccine producers have established new production plants to boost the prompt supply of vaccines worldwide. This also creates positive waves in the entire ecosystem including seals for pharmaceutical processing equipment. Overall, the pharmaceutical seals market is estimated to reach US$ 0.84 Billion in the year 2026, growing at a CAGR of 4.4% during 2021-2026.
Based on the product type, the pharmaceutical seals market is segmented as O-rings, gaskets, lip seals, profile seals, and other seals. Profile seals are expected to remain the largest segment of the market during the forecast period. Profile seals are used in several areas of pharmaceutical processing plants. Other product types, such as o-rings, gaskets, and lip seals, are also likely to generate sizeable opportunities in the years to come.
Based on the material type, the market is segmented as elastomeric seals, thermoplastic seals, and metallic seals. Seemingly, elastomers hold the gigantic lead in the market and are likely to remain the most preferred material type in the years to come, owing to their various benefits, such as high temperature and pressure resistance coupled with unique elasticity and strength.
In terms of regions, Europe is expected to remain the largest market for pharmaceutical seals during the forecast period. The presence of several pharmaceutical processing plants in the region, especially in Germany, Switzerland, the Netherlands, and Belgium, primarily drives the region’s dominance. Moreover, Asia-Pacific is expected to be the fastest-growing market during the forecast period in the wake of the growing presence of companies in the region, particularly in China and India.
The following are the key players in the pharmaceutical seals market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s pharmaceutical seals market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The pharmaceutical seals market is segmented into the following categories.
Pharmaceutical Seals Market, by Product Type
Pharmaceutical Seals Market, by Material Type
Pharmaceutical Seals Market, by Motion Type
Pharmaceutical Seals Market, by Region
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The pharmaceutical seals market is estimated to grow at a CAGR of 4.4% by 2026.
EnPro Industries, Flowserve Corporation, Freudenberg Group, Greene Tweed, Hutchinson S.A., James Walker, Parker-Hannifin Corporation, Compagnie de Saint-Gobain S.A, Smith Group PLC, and Trelleborg AB are the leading players in the pharmaceutical seals market.
Europe is estimated to remain dominant in the pharmaceutical seals market in the foreseen future.