Pharmaceutical Processing Equipment Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027

Market Highlights

Seals are used in the pharmaceutical processing industry to ensure strict hygiene regulations as well as to prevent germ contamination. In order to produce a finished product in this industry, various additives and chemicals must be added under high temperature and pressure conditions. Seals used in the pharmaceutical processing industry must be resistant to high temperatures and pressure, reactive chemicals, corrosion, and so on.

The pharmaceutical processing equipment seals market has been growing with the use of new technological equipment to produce pharmaceutical products in bulk quantities with higher quality. The global spread of the pandemic boosted the pharmaceutical processing equipment seals market, with pharmaceutical producing companies establishing new production plants and upgrading old ones to meet the increased demand for pharmaceutical products worldwide and boost their production capacity. Many vaccine manufacturers established new manufacturing plants in order to increase vaccine supply worldwide. As a result, the pharmaceutical processing equipment seals market grew faster in 2021 than it did in 2020. Following this growth, the pharmaceutical processing equipment seals market is expected to grow at a healthy CAGR of 4.4% during the forecast period to reach a value of US$ 0.9 billion in 2027.

Market Segments Analysis

Based on the product type, the pharmaceutical processing equipment seals market is segmented as O-rings, gaskets, lip seals, profile seals, and others. Profile seals are expected to remain the largest segment of the market during the forecast period. Profile seals are used in various packaging and processing equipment in the pharmaceutical industry. Increasing production and supply of pharmaceutical products by the majority of manufacturers are likely to contribute to the market dominance of profile seals.

Based on the material type, the market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the most dominant product type in the market during the forecast period. The pharmaceutical processing industry requires seals with better mechanical performance and chemical resistance to reduce contamination in products during processing and packaging. Elastomer is the material that meets most of these requirements while also providing additional benefits such as temperature and pressure resistance, as well as unique elasticity and strength.

Based on the motion type, the market is segmented into static seals, linear seals, and rotary seals. Static seals are expected to remain the largest, whereas rotary seals remain the fastest-growing segment of the market during the forecast period. The market dominance of profile seals is the major reason for the dominance of static seals.

In terms of regions, Europe is expected to remain the largest market for pharmaceutical processing equipment seals during the forecast period. The presence of major pharmaceutical exporting countries in the region, such as Germany, Switzerland, the Netherlands, and Belgium, contributes to Europe's dominance in the pharmaceutical processing equipment seals market. Furthermore, Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period due to technological advancements and the expansion of the pharmaceutical market to meet the pharmaceutical demand of a rapidly growing population.

Key Players

The following are the key players in the pharmaceutical processing equipment seals market (arranged alphabetically).

• EnPro Industries
• Flowserve Corporation
• Freudenberg Sealing Technologies
• Greene Tweed, & Co
• Hutchinson SA
• James Walker & Co
• Parker-Hannifin Corporation
• Saint-Gobain SA
• Smith Group PLC
• Trelleborg Sealing Solutions

Research Methodology

This strategic assessment report provides a comprehensive analysis that reflects today’s pharmaceutical processing equipment seals market realities and future market possibilities for the forecast period of 2022 to 2027. 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 the publisher's internal database and statistical tools. More than 1,000 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. The publisher 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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The pharmaceutical processing equipment seals market is segmented into the following categories.

Pharmaceutical Processing Equipment Seals Market, by Product Type

• O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Profile Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Pharmaceutical Processing Equipment Seals Market, by Material Type

• Elastomeric Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metallic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Pharmaceutical Processing Equipment Seals Market, by Motion Type

• Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rotary Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Pharmaceutical Processing Equipment Seals Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: India, China, Japan, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)