Most of the end-use industries hit with the pandemic are anticipated to mark a gradual recovery from 2021 onwards and maintain its growth momentum till 2025, which will create favorable market conditions for encapsulated O-rings manufacturers in the long term. Also, the stringent regulations, such as FDA, EC 2023/2006, EU Reg. 1935/2004, and USP Class-VI; and failure of solid PTFE O-rings in harsh chemical and high-temperature environment provide good growth opportunity to encapsulated O-ring manufacturers. In the long run, the market for encapsulated O-rings is likely to mark a healthy 5.0% CAGR over the next five years to reach US$ 144.6 million in 2025.
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