Key Players of Pharmaceutical Processing Seals Market are Trelleborg AB, Freudenberg Group, Flowserve Corporation, James Walker & Co., Parker-Hannifin Corporation, Saint-Gobain S. A, Garlock Sealing Technologies, John Crane, IDEX Corporation, Marco Rubber and Plastics. , Technetics Group, Sealmatic, Maffs Seals Pvt.
New York, 23 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Pharmaceutical Processing Seals Global Market Report 2022” – https://www.reportlinker.com/p06233735/?utm_source=GNW
Ltd., Quantech Sealing Systems and EagleBurgmann India Pvt. ltd.
The global pharmaceutical processing gaskets market is expected to grow from USD 1.80 billion in 2021 to USD 2.03 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $2.79 billion in 2026 with a CAGR of 8.3%.
The pharmaceutical processing seals market includes sales of pharmaceutical processing seals by entities (organizations, individual traders, and partnerships) that are used in pharmaceutical processing equipment to cultivate, refine, and blend pharmaceutical ingredients and end products. These are chemical resistant, strong and hygienic and are used to improve the performance efficiency of equipment by keeping it lubricated and sealed.
The main types of pharmaceutical processing seals are O-rings, gaskets, lip seals, D-rings and others. O-rings are used to prevent leaks from pumps, valves, cylinders and connectors used in pharmaceutical processing.
Different materials include metals, PTFE, silicone, nitrile rubber, EPDM, etc. and are used in various applications such as manufacturing equipment, agitators, mixers, reactors, gearboxes and others.
North America was the largest region in the pharmaceutical processing gaskets market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in chronic diseases is contributing significantly to the growth of the pharmaceutical treatment seals market. Chronic illnesses are defined as conditions that last longer than a year and require ongoing medical care; they are global and national health problems that involve mortality and morbidity.
These include heart disease, cancer and diabetes. The increase in chronic diseases leads to an increase in the demand for pharmaceuticals, which in turn leads to an increase in the demand for pharmaceutical treatment seals.
For example, according to the International Diabetes Federation, in 2021, 537 million adults have diabetes worldwide, which is a huge increase from the 463 million adults with diabetes in 2019.
Technological advancements are shaping the pharmaceutical processing seals market. Major companies operating in the pharmaceutical processing seals sector are focusing on developing new technological solutions to meet consumer demand and strengthen their position.
For example, in November 2021, Crawford Packaging, a UK-based packaging machinery company, launched Evolution S, the state-of-the-art sealing packaging technology machines with an advanced tray sealing solution manufactured by Packaging Automation Ltd. Evolution S – Packing Automation has developed the most efficient tray in the world. sealing technology, raising the bar for accuracy and fast sealing rates while reducing the necessary packaging area footprint in a single lane configuration.
In April 2021, DXP Cortech, a US distributor of pumps and process equipment, partnered with John Crane for an undisclosed sum. Through this partnership, DXP Cortech will act as a distributor of John Crane products in the California region and the extended west. coastal markets.
It will also allow both companies to better serve their customers and expand their business. John Crane is a United States-based company that manufactures pharmaceutical processing seals, filtration systems, fittings and packaging systems.
The countries covered in the Pharmaceutical Processing Seals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06233735/?utm_source=GNW
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