Pune, India, April 14, 2022 (GLOBE NEWSWIRE) — Pharmaceutical Processing Seals Market is expected to grow at a steady growth rate over the forecast period, owing to the demand for innovative and new pharmaceutical manufacturing equipment along with continuous research and development activities in this industry. The pharmaceutical industry comprises processes and applications, all of which have individual requirements. For example, the manufacture of finished pharmaceutical products requires chemical resistance of sealing materials to various solvents and educts. Pharmaceutical processing seals are used in applied methodology to mix, refine and cultivate pharmaceutical ingredients and by-products.
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Key information and conclusions:
- The O-rings segment dominated the pharmaceutical processing seals market and was valued at USD 0.99 billion in 2020. The growth of this segment is mainly attributed to the widespread adoption of O-rings in pharmaceutical equipment due to their low cost.
- The metals segment dominated the pharmaceutical processing seals market and was valued at USD 0.73 billion in 2020. This is mainly attributed to the fact that metals are preferred for pharmaceutical processing seals due to their ability to withstand extreme temperatures, chemical reactions and pressures; non-reactive process fluids; resistance to toxic chemicals; and prevention of leaks and contamination.
- The manufacturing equipment segment accounted for the largest market share and was valued at USD 1.3 billion in 2020. The growth of this segment is mainly driven by the growing demand for manufacturing equipment owing to the growth in healthcare and pharmaceutical manufacturing industry.
- Regions analyzed for the market include North America, Europe, South America, Asia-Pacific, Middle East & Africa. The North America region has emerged as the largest market for the pharmaceutical processing seals market and valued at USD 0.78 billion in 2020. Significant increase in consumption as well as demand for innovative pharmaceuticals owing to the strength of the healthcare sector is mainly driving the growth of the North American pharmaceutical sector. seals processing market.
Key players operating in the global pharmaceutical processing seals market Trelleborg AB, Freudenberg Group, Flowserve Corporation, James Walker, Parker Hannifin Corporation, Saint-Gobain SA, Garlock, John Crane, IDEX Corporation, and Morgan Advanced Materials Plc, among others. To improve their market share in the global pharmaceutical processing gaskets market, the major vendors are now focusing on adopting leading strategies such as recent developments, product innovation, mergers and acquisitions, joint ventures , collaborations and partnerships.
- For example, in August 2021, Trelleborg Healthcare & Medical launched its Rapid Development Center in Delano, Minnesota. This facility is expected to provide Trelleborg’s global healthcare and medical customers with a single partner for design, development, rapid prototyping and mass production, ensuring scalability. and controlling the costs of customer solutions.
- In July 2019, Precision Polymer Engineering (PPE), manufacturer of high performance sealing technology, introduced its Perlast® Helios G7HA gasket. It is a high purity perfluoroelastomer (FFKM) that provides plasma resistance and long term mechanical performance in high temperature semiconductor applications.
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Global Pharmaceutical Processing Seals Market Segment By Type:
- Lip seals
Global Pharmaceutical Processing Seals Market Segmentation By Material:
- Nitrile rubber
Global Pharmaceutical Processing Seals Market by Applications:
- Manufacturing equipment
- Others (R&D, quality control and packaging equipment)
Global Pharmaceutical Processing Seals Market by Region:
- North America
- Asia Pacific
- South East Asia
- South America
- Middle East and Africa
- United Arab Emirates
- South Africa
- Saudi Arabia
About the report:
This research report provides detailed data on the major factors influencing the growth of the Pharmaceutical Processing Seals market at country and local levels, market size forecast, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country; Key company profiles, SWOT, product portfolio and growth strategies. It studies essential aspects of the market such as major participants, expansion strategies, business models, and other market characteristics to enhance understanding of the market.
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