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

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.

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