[162 Pages Report] Pharmaceutical Processing Seals Market research report categorizes the global market by Material (Metals, PTFE, Nitrile R
Pharmaceutical processing seals are seals made especially for the pharmaceutical sector. During the production and delivery of pharmaceutical products, they are employed to safeguard and seal containers. Pharmaceutical seals are made to guarantee the quality of the product by avoiding contamination and leakage throughout production, shipping, and storage. Due to the pharmaceutical industry's growing emphasis on safety and quality control, the need for pharmaceutical seals has grown recently.
The global pharmaceutical processing seals market size is estimated at USD 2.1 Billion in 2021 and is projected to reach USD 3.3 Billion by 2026, at a CAGR of 10.0% between 2021 and 2026. Seals are an important part of pharmaceutical equipment and are used for various applications in the pharmaceutical industry, such as preventing contamination and leakage and handle friction and abrasion. The properties present in pharmaceutical processing seals such as excellent chemical resistance and stability at extreme temperatures and pressure conditions enable them to be used in different applications. These properties of pharmaceutical processing seals are expected to drive the demand during the forecast period.
The demand for pharmaceutical processing seals is mainly catered to by global players manufacturing this equipment for various end-use applications. The key players in 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). The pharmaceutical processing seals market report analyzes the key growth strategies adopted by the leading market players, between 2018 and 2020, which include expansion, joint venture, new product development, and merger & acquisition.
