Pharmaceutical Processing Seals Market

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 Code: CH 6952 Mar, 2019, by marketsandmarkets.com

[130 Pages Report] The pharmaceutical processing seals market size is estimated at USD 1.8 Billion in 2018 and is projected to reach USD 2.4 Billion by 2023, at a CAGR of 6.0%. The global pharmaceutical processing seals market is witnessing growth on account of trends prevailing in the global pharmaceutical industry such as increasing demand for new and innovative pharmaceutical manufacturing equipment and continuous R&D for new product development due to technological advancements. The increase in pharmaceutical manufacturing in APAC region, mainly in India, China, Korea and the South East Asian countries has boosted the pharmaceutical manufacturing equipment market, thereby, driving the market for pharmaceutical processing seals in the region. In addition, the growing healthcare sector in the region is expected to increase the demand for pharmaceutical equipment and drive the pharmaceutical processing seals market.

Pharmaceutical Processing Seals Market

Metals dominate the pharmaceutical processing seals, by material

By material, metals accounted for the largest share of the market, globally. Metals are preferred for pharmaceutical processing seals due to their ability to withstand chemicals reactions and extreme temperatures and pressure, resistance to toxic chemicals, non-reactive from process fluids, high friction & speed and prevention from contamination and leakage. Metals are used for making O-rings, lip seals, and gaskets which are used in as agitators, mixers, reactors, and gear boxes.

O-rings dominate the pharmaceutical processing seals market, by type

O-rings are widely used in pharmaceutical equipment owing to its low cost. O-rings are used in different types of dynamic and static applications in the pharmaceutical sealing industry. Static applications such as fluid or gas sealing applications majorly consume O-rings. The increasing demand for different types of pharmaceutical equipment such as agitators, hydraulic cylinders, HPLCs, batch reactors, and centrifuges in the developing regions such as APAC, South America, and the Middle East & Africa are expected to drive the demand for pharmaceutical processing seals.

Manufacturing equipment is the largest application of pharmaceutical processing seals.

Manufacturing equipment application dominated the pharmaceutical processing seals market in 2017. The increasing global demand for manufacturing equipment due to the growth of pharmaceutical manufacturing and healthcare industry is expected to drive the pharmaceutical processing seals market. Manufacturing equipment is used in pharmaceutical industry for the production of pharmaceutical compounds. Factors leading to the demand for manufacturing equipment is due to the growth of the healthcare industry owing to increasing global population, growing incidences of chronic diseases, and increasing healthcare expenditure. Hence, the demand for pharmaceutical processing seals used in manufacturing equipment is expected to increase in the future.

Pharmaceutical Processing Seals Market

North America is projected to be the largest market for pharmaceutical processing seals.

North America (comprising the US, Canada, and Mexico) accounted for the largest share of the global pharmaceutical processing seals market in 2018. Huge consumption and demand for new and innovative pharmaceutical products owing to the presence of strong healthcare sector has boosted the pharmaceutical manufacturing in the region leading to the development of pharmaceutical manufacturing equipment market. The huge consumption of pharmaceutical manufacturing equipment is expected to drive the pharmaceutical processing seals market in the region.

Key Market Players

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) are the key players operating in the pharmaceutical processing seals market.

These companies have adopted various organic as well as inorganic growth strategies between 2014 and 2018 to strengthen their position in the market. New product development, merger & acquisition, and expansion were among the key growth strategies adopted by these leading players to enhance their product offering and regional presence and meet the growing demand for pharmaceutical processing seals in the emerging economies.

Recent Developments

  • In November 2018, The Trelleborg Sealing Solution division of the company expanded its innovation center in Stuttgart, Germany. The center is dedicated toward R&D for sealing materials, new product development, and joint development projects with the company’s customers. 
  • In November 2018, Garlock (US) and Technetics Group (US) opened a new manufacturing facility in Suzhou, China. The purpose of this joint venture is to cater to the increasing demand for sealing and components throughout the Asian countries.
  • In September 2018, John Crane opened a new service center in Bavaria, Germany. This service center will help John Crane cater to its customers in a better way and support the chemical and pharmaceutical production, power generation, and food & beverage industries.
  • In August 2018, Saint-Gobain expanded its R&D base in Kontich, Belgium by expanding the previous 150 square meter laboratory to current 390 square meter facility. The newly expanded space is dedicated to in-house testing and approval of seals.
  • In June 2018, Morgan Advanced Materials launched a new material, porous silicon carbide (SiC) for the pharmaceutical industry. The material is used for making pump seals used in pharmaceutical drug manufacturing.

Critical questions the report answers:

  • What are the upcoming hot bets for pharmaceutical processing seals market?
  • How is the market dynamics changing for different types of pharmaceutical processing seals?
  • How is the market dynamics changing for different applications of pharmaceutical processing seals?
  • Who are the major manufacturers of pharmaceutical processing seals?
  • How is the market dynamics changing for different regions of pharmaceutical processing seals market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
           2.3.1 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    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 (Page No. - 31)
    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
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Threat of New Entrants
           5.2.3 Threat of Substitutes
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry
    5.3 Macroeconomic Indicators

6 Pharmaceutical Processing Seals Market, By Material (Page No. - 38)
    6.1 Introduction
    6.2 Metals
           6.2.1 Ability to Withstand High Pressure and Temperatures Makes Metals Ideal for Use in Pharmaceutical Processing Seals
    6.3 Ptfe
           6.3.1 Growing Markets for O-Rings and Gaskets are Driving the Demand for Ptfe in Pharmaceutical Processing Seals
    6.4 Silicone
           6.4.1 Inherent Properties of Silicone Boost Its Demand for Pharmaceutical Processing Seals
    6.5 Nitrile Rubber
           6.5.1 Increasing Demand for Nitrile Rubber-Based O-Rings is Due to Its Low Compression Set, High Tensile Strength, and High Abrasion Resistance 43
    6.6 Epdm
           6.6.1 Resistance to Chemicals and thermal Reactions is One of the Major Properties of Epdm Driving Its Demand for Making Pharmaceutical Processing Seals44
    6.7 Others

7 Pharmaceutical Processing Seals Market, By Type (Page No. - 46)
    7.1 Introduction
    7.2 O-Rings
           7.2.1 Increasing Demand for O-Rings in the Pharmaceutical Industry is Due to their Cost-Effectiveness and Versatility
    7.3 Gaskets
           7.3.1 Increasing Demand for Pharmaceutical Manufacturing, Especially in the Developing Economies is Driving the Market for Gaskets
    7.4 Lip Seals
           7.4.1 Growing Pharmaceutical Industry is Driving the Market for Lip Seals
    7.5 D Seals
           7.5.1 Increasing Demand for New and Innovative Pharmaceutical Products is Driving the Market for D Seals
    7.6 Others

8 Pharmaceutical Processing Seals Market, By Application (Page No. - 52)
    8.1 Introduction
    8.2 Manufacturing Equipment
           8.2.1 Growing Pharmaceutical Industry is Driving the Demand in the Manufacturing Equipment Segment
    8.3 Others

9 Pharmaceutical Processing Seals Market, By Region (Page No. - 57)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Growing Pharmaceutical Industry and Healthcare Expenditure are Driving the Us Market for Pharmaceutical Processing Seals
           9.2.2 Canada
                    9.2.2.1 Growing Generic Drugs Market is Influencing the Pharmaceutical Processing Seals Market Positively in Canada
           9.2.3 Mexico
                    9.2.3.1 Growing Aging Population and Growth in the Biosimilar Drugs Segment are Expected to Drive the Market for Pharmaceutical Processing Seals
    9.3 APAC
           9.3.1 China
                    9.3.1.1 Increasing Aging Population and Healthcare Spending are Driving the Market for Pharmaceutical Processing Seals in China
           9.3.2 Japan
                    9.3.2.1 Growing Aging Population is Triggering the Demand for Pharmaceutical Processing Seals Indirectly in Japan
           9.3.3 India
                    9.3.3.1 as the Largest Manufacturer of Generic Drugs, India is A Prominent Market for Pharmaceutical Processing Seals
           9.3.4 South Korea
                    9.3.4.1 Growing Market for Biosimilar Drugs is Contributing to the Market Growth of Pharmaceutical Processing Seals
           9.3.5 Indonesia
                    9.3.5.1 Growing Middle-Class Population and Healthcare Expenditure are Driving The Market for Pharmaceutical Processing Seals
           9.3.6 Rest of APAC
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 Growing Pharmaceutical Industry Due to Constant R&D Investments and Increasing Healthcare Expenditures are Driving The Market in Germany
           9.4.2 Italy
                    9.4.2.1 Strong Pharmaceutical Manufacturing Base and Export Market are Driving The Demand for Pharmaceutical Processing Seals
           9.4.3 Switzerland
                    9.4.3.1 Concentration of Major Pharmaceutical Companies Propels The Pharmaceutical Processing Seals Market in The Country
           9.4.4 UK
                    9.4.4.1 Growing Pharmaceutical Industry Due to The Increasing Elderly Population has Boosted The Demand for Pharmaceutical Processing Seals in The Country78
           9.4.5 France
                    9.4.5.1 Strong Healthcare System and Government Support to The Healthcare Industry are Driving The Market for Pharmaceutical Processing Seals
           9.4.6 Spain
                    9.4.6.1 High R&D Spends in The Pharmaceutical Industry are Driving The Market for Pharmaceutical Processing Seals
           9.4.7 Rest of Europe
    9.5 South America
           9.5.1 Brazil
                    9.5.1.1 Growing Generic Drugs Market Drives The Demand for Pharmaceutical Processing Seals in The Country
           9.5.2 Argentina
                    9.5.2.1 Huge Investments in R&D Activities in The Pharmaceutical Industry and The Presence of Strong Locally-Owned Laboratories are The GoverninMarket
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
                    9.6.1.1 New Government Initiatives for The Development of The Pharmaceutical Industry is Driving The Pharmaceutical Processing Seals Market in The Country89
           9.6.2 UAE
                    9.6.2.1 Growing Pharmaceutical Industry Due to The Development of Generic Drugs Market is Boosting The Market for Pharmaceutical Processing Seals in The 90
           9.6.3 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 92)
     10.1 Overview
     10.2 Market Ranking
     10.3 Competitive Situation & Trends
             10.3.1 New Product Development
             10.3.2 Expansion
             10.3.3 Merger & Acquisition
             10.3.4 Joint Venture

11 Company Profiles (Page No. - 98)
(Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)* 
     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.
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies. 
     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.

12 Appendix (Page No. - 125)
     12.1 Discussion Guide
     12.2 Available Customizations
     12.3 Related Reports
     12.4 Author Details


List of Tables (67 Tables)

Table 1 Contribution of Healthcare Spending to GDP, 2015 and 2016 (Percentage)
Table 2 Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 3 Metal-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 4 Ptfe-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 5 Silicone-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 6 Nitrile Rubber-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 7 Epdm-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 8 Other Materials-Based Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 9 Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 10 O-Rings Market Size for Pharmaceutical Processing Seals, By Region, 2016–2023 (USD Million)
Table 11 Gaskets Market Size for Pharmaceutical Processing Seals, By Region, 2016–2023 (USD Million)
Table 12 Lip Seals Market Size for Pharmaceutical Processing Seals, By Region, 2016–2023 (USD Million)
Table 13 D Seals Market Size for Pharmaceutical Processing Seals, By Region, 2016–2023 (USD Million)
Table 14 Other Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 15 Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 16 Pharmaceutical Processing Seals Market Size in Manufacturing Equipment Application, By Region, 2016–2023 (USD Million)
Table 17 Pharmaceutical Processing Seals Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 18 Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 19 Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 20 Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 21 Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 22 North America: Pharmaceutical Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 23 North America: Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 24 North America: Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 25 North America: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 26 US: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 27 Canada: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 28 Mexico: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 29 APAC: Pharmaceutical Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 30 APAC: Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 31 APAC: Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 32 APAC: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 33 China: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 34 Japan: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 35 India: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 36 South Korea: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 37 Indonesia: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 38 Rest of APAC: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 39 Europe:Pharmaceutical Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 40 Europe: Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 41 Europe: Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 42 Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 43 Germany: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 44 Italy: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 45 Switzerland: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 46 UK: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 47 France: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 48 Spain: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 49 Rest of Europe: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 50 South America: Pharmaceutical Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 51 South America: Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 52 South America: Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 53 South America: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 54 Brazil: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 55 Argentina: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 56 Rest of South America: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Pharmaceutical Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Pharmaceutical Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Pharmaceutical Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 60 Middle East & Africa: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 61 Saudi Arabia: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 62 UAE: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 63 Rest of Middle East & Africa: Pharmaceutical Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 64 New Product Development, 2014–2018
Table 65 Expansion, 2014–2018
Table 66 Merger & Acquisition, 2014–2018
Table 67 Joint Venture, 2014–2018


List of Figures (44 Figures)

Figure 1 Pharmaceutical Processing Seals Market: Research Methodology
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Pharmaceutical Processing Seals: Data Triangulation
Figure 5 Metals to Be The Largest Type of Material for Pharmaceutical Processing Seals
Figure 6 O-Rings to Be The Largest Type of Pharmaceutical Processing Seals
Figure 7 Manufacturing Equipment Was The Largest Application of Pharmaceutical Processing Seals in 2017
Figure 8 North America Was The Largest Pharmaceutical Processing Seals Market in 2017
Figure 9 Growing Manufacturing Equipment Application to Drive The Market During The Forecast Period (2018-2023)
Figure 10 North America to Be The Largest Pharmaceutical Processing Seals Market
Figure 11 Manufacturing Equipment Was The Largest Application of Pharmaceutical Processing Seals in North America
Figure 12 Pharmaceutical Processing Seals Market to Register High Growth in India and China
Figure 13 Drivers, Restraints, Opportunities, and Challenges Governing The Pharmaceutical Processing Seals Market
Figure 14 Pharmaceutical Processing Seals Market: Porter’s Five Forces Analysis
Figure 15 Metals to Lead The Pharmaceutical Processing Seals Market in The Material Segment
Figure 16 APAC to Be The Fastest-Growing Market for Metal-Based Pharmaceutical Processing Seals
Figure 17 O-Rings Segment Was The Largest in 2017
Figure 18 North America to Be The Largest Market for O-Rings
Figure 19 Manufacturing Equipment to Dominate The Pharmaceutical Processing Seals Market
Figure 20 North America to Be The Largest Market in The Manufacturing Equipment Segment
Figure 21 India, China, Maxico, and Brazil to Emerge as New Strategic Destinations for Pharmaceutical Processing Seals Market
Figure 22 North America: Pharmaceutical Processing Seals Market Snapshot
Figure 23 APAC: Pharmaceutical Processing Seals Market Snapshot
Figure 24 Europe: Pharmaceutical Processing Seals Market Snapshot
Figure 25 South America: Pharmaceutical Processing Seals Market Snapshot
Figure 26 Middle East & Africa: Pharmaceutical Processing Seals Market Snapshot
Figure 27 Market Ranking of Key Players in 2017
Figure 28 Key Developments in The Pharmaceutical Processing Seals Market, 2014–2018
Figure 29 Trelleborg: Company Snapshot
Figure 30 Trelleborg: SWOT Analysis
Figure 31 Freudenberg Group: Company Snapshot
Figure 32 Freudenberg Group: SWOT Analysis
Figure 33 Flowserve Corporation: Company Snapshot
Figure 34 Flowserve Corporation: SWOT Analysis
Figure 35 Parker Hannifin Corporation: Company Snapshot
Figure 36 Parker Hannifin Corporation: SWOT Analysis
Figure 37 Saint-Gobain: Company Snapshot
Figure 38 Saint-Gobain: SWOT Analysis
Figure 39 John Crane: Company Snapshot
Figure 40 John Crane: SWOT Analysis
Figure 41 Idex Corporation: Company Snapshot
Figure 42 Idex Corporation: SWOT Analysis
Figure 43 Morgan Advanced Materials: Company Snapshot
Figure 44 Morgan Advanced Materials: SWOT Analysis

The study involved four major activities in estimating the current market size for pharmaceutical processing seals. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers and Bloomberg BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, and databases.

Primary Research

The pharmaceutical processing seals market comprises several stakeholders such as raw material suppliers, end product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in drug manufacturing industry. The supply side is characterized by market consolidation activities undertaken by the raw material suppliers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Pharmaceutical Processing Seals Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the total size of the pharmaceutical processing seals market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study:

  • To define, describe, and analyze the pharmaceutical processing seals market based on material, type, application, and region
  • To forecast and analyze the size of the pharmaceutical processing seals market (in terms of value) in five key regions, namely, (Asia Pacific) APAC, North America, Europe, South America, and the Middle East & Africa
  • To forecast and analyze the pharmaceutical processing seals market at the country level in each region
  • To strategically analyze each submarket with respect to the individual growth trends and its contribution to the overall pharmaceutical processing seals market
  • To analyze the drivers in the pharmaceutical processing seals market for the stakeholders by identifying high-growth segments of the market
  • To identify significant market trends and factors driving or inhibiting the growth of the pharmaceutical processing seals market and its submarkets
  • To strategically profile the key players in the pharmaceutical processing seals market and comprehensively analyze their growth strategies

Scope of the report

Report Metric

Details

Years considered for the study

  • 2016–2023

Base year  

 2017

Forecast period

2018–2023

Units considered

Value (USD Million)

Segments

Type, Material, Application, and Region

Regions

North America, APAC, Europe, the Middle East & Africa, and South America

Companies

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), Morgan Advanced Materials Plc (UK)
Total 10 major players covered

This research report categorizes the pharmaceutical processing seals market based on type, material, application, and region.

Pharmaceutical Processing Seals Market by Type:

  • O-rings
  • Gaskets
  • Lip seals
  • D seals
  • Others (Diaphragms and X-rings)

Pharmaceutical Processing Seals Market by Material:

  • Metals
  • PTFE
  • Silicone
  • Nitrile Rubber
  • EPDM
  • Others (FKM, polyester, ultra-high-molecular-weight polyethylene (UHMWPE), and polyurethane)

Pharmaceutical Processing Seals Market by Application:

  • Manufacturing equipment
  • Others (R&D, quality control, and packaging equipment)

Pharmaceutical Processing Seals Market, by Region

  • North America
  • APAC
  • Europe
  • Middle East & Africa
  • South America

The pharmaceutical processing seals market has been further analyzed based on key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the pharmaceutical processing seals market

Company Information:

  • Detailed analysis and profiling of additional market players
Report Code
CH 6952
Published ON
Mar, 2019
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