Encapsulated O-rings Market is Forecasted to Reach US$ 132.3 Million in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Encapsulated O-rings Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 132.3 million

Growth (CAGR): 3.7% during 2024-2030

Leading Jacket Material Type: FEP

Leading Core Material Type: FKM

Leading Core Structure Type: Solid core

Leading Motion Type: Static

Leading End-Use Industry Type: Chemical

Leading Region: Europe

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 6

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Encapsulated O-rings Market:

The global Encapsulated O-rings Market is segmented based on Jacket Material type, Core Material type, Core Structure type, Motion type, End-Use Industry type and region.

Based on Jacket Material Type

"FEP is expected to remain the most preferred jacket material type in the market in years to come"

Stratview has first segmented the encapsulated O-rings market based on the jacket material type as FEP and PFA. FEP is expected to remain the most preferred jacket material type in the market in years to come. Lower cost along with several other advantages including high resistance to corrosion and chemicals, low compression set, and low coefficient of friction, making FEP the preferred choice for all standard applications up to 205°C. PFA-encapsulated O-rings are used for higher temperature ranges. They have higher mechanical strength and improved crack resistance; hence, longer service life than FEP-encapsulated O-rings.

Based on Core Material Type

"FKM core material dominated the market in 2023 and is likely to maintain its dominance throughout the forecast period"

Based on the core material type, the encapsulated O-rings market is segmented into FKM, silicone, and others. Due to the excellent elasticity, good chemical resistance, and outstanding compression, FKM core material dominated the market in 2023 and is likely to maintain its dominance throughout the forecast period. The silicone core material is preferred in low-temperature applications as it remains flexible at a lower temperature because of its greater softness than FKM and has a higher standard of heat resistance.

Based on Core Structure Type

"Solid core is likely to remain the leading segment of the market in the coming years"

Based on the core structure type, the encapsulated O-rings market is segmented into solid core and hollow core structures. Solid core is likely to remain the leading segment of the market in the coming years, driven by its excellent resistance to compression set and good recovery characteristics. FKM and silicone are dominantly used core materials for solid-core encapsulated O-rings. FKM solid core provides excellent elasticity and high-level compression, whereas silicone solid core performs excellent for a wider range of temperatures.

Based on End-Use Industry Type

"Chemical industry is the biggest user of encapsulated O-rings during the forecast period"

Based on the end-use industry type, the encapsulated O-rings market is classified into chemical, petrochemical, pharmaceutical, food & beverage, and others (oil & gas, semiconductor, aerospace & defense, and automotive industry). The chemical industry is the biggest user of encapsulated O-rings, driven by the extensive use of aggressive chemicals, making encapsulated O-rings a preferred choice. These O-rings are also widely used in the food & beverages and pharmaceutical industries as they are compliant with the Food and Drug Administration (FDA), EC1935/2004 and EC2023/2006, USP Class VI, and 3A 18-03 Sanitary Standards.

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that Europe is expected to maintain its lead the market during this period. This growth outlook is mainly attributed to the following:

·      In terms of regions, Europe is expected to maintain its lead in the years to come with the presence of leading encapsulated O-ring manufacturers, such as Vulcan Engineering Limited and Northern Engineering (Sheffield) Ltd. 

·      Europe is one of the largest producers of chemicals, petrochemicals, automotive, and food processing equipment.

Likewise, Asia-Pacific is expected to be the fastest-growing market with China and India being the growth engines. This growth will likely be accompanied by a rise in local production, increased competition, and growing awareness for superior sealing solutions.

Encapsulated O-rings Market Drivers:

Some of the key drivers listed in the report are given below.

· The stringent regulations, such as FDA, EC 2023/2006, EU Reg. 1935/2004, and USP Class-VI, and failure of solid PTFE O-rings in harsh chemical and high-temperature environments provide good growth opportunities to encapsulated O-ring manufacturers.

· Overall, the encapsulated O-rings market is expected to grow steadily in the coming years, driven by the increasing demand for high-performance sealing solutions in various industries.

Competitive Landscape: Top 10 Companies in the Encapsulated O-rings Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      Vulcan Seals

·      ERIKS NV

·      Trelleborg AB

·      ROW, Inc.

·      Freudenberg Group

·      Northern Engineering (Sheffield) Ltd.

·      Greene Tweed

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

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