Companies Expand Product Portfolio to Support Biotechnology Production Processes
The demand for PTFE gaskets is soaring, since stakeholders in various manufacturing facilities are aiming to reduce downtime associated with hygienic seal failure. Manufacturers in the PTFE gasket market are innovating in new materials to expand their product portfolio in a wide range of applications. For instance, in May 2019, manufacturer of niche peristaltic pumps and associated fluid path technologies, Watson-Marlow Fluid Technology Group, announced the launch of new PTFE and Viton® gaskets to offer contamination-free applications in biotechnology production processes.
The use of automation in manufacturing started by using technologies such as pneumatic and hydraulic systems in applications where their mechanical advantages could be used to raise output quality and efficiency in production. Complex and highly integrated systems have since been created, composed of many different technologies and innovative procedures controlled under High Language programming environments with sophisticated operation drivers.
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Factory automation market offers a compelling way to boost quality, efficiency, safety, sustainability, and security in a rapidly changing modern factory settings. As competition grows and margins are squeezed, factory automation paves the way toward maximum profitability and performance. It can also be defined is the incorporation of automation from the end to end manufacturing processes. In manufacturing environments automation often leverages technologies such as pneumatic systems, hydraulic systems, and robotic arms to create a more complex system. In today’s competitive landscape, automation can help increase outputs and efficiency while decreasing costs. It is also designed to greatly reduce the risks that human operators can be face with when handling hazardous equipment.
Unitized Seals Reinforce Confidence in Pharmaceutical Manufacturing
Companies in the PTFE gasket market are developing engineered products to meet stringent standards of purity in the pharmaceutical space. PTFE gaskets are growing popular to reduce downtime due to improper hygienic seal material in pharmaceutical applications. As such, the pharmaceutical application segment is expected to dominate the PTFE gasket market, in terms of value and volume during the forecast period. Hence, manufacturers are increasing efforts to comply with strict standards to maintain consistency for hygienic seal selection between multiple facilities in the pharmaceutical industry.
Abiding the FDA guidelines has helped companies to bolster their credibility credentials in the global PTFE gasket market landscape. For instance, Rubber Fab – a Garlock Hygienic Technologies company, has launched their product Tuf-Flex®, a unitized seal promising purity, performance, and flexibility in pharmaceutical manufacturing. Unitized seals are serving as a cost-efficient solution for pharmaceutical manufacturers, since these seals outperform conventional sanitary gaskets and eliminate costly process interruptions.
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Collaborations with Survey Development Companies Help to Increase Availability of Fully Adaptable Solutions
Different workplace environments have given rise to a myriad of solutions, yet none of the sealing solutions are fully available for universal adoption. This issue poses as a major challenge for companies in the PTFE gasket market, which explains a sluggish growth rate of ~3% of the market during the forecast period.
The PTFE gasket market is largely fragmented with regional and local players accounting for market share of 25-30% and 45-50%, respectively. Since emerging players lack the capital and technical expertise to tackle complex issues faced by stakeholders in the value chain, the market growth has slowed down. Hence, leading players are collaborating with third-party survey development companies to solve specific issues faced by manufacturers in various end markets. For instance, Garlock Sealing Technologies – a leading supplier of fluid sealing products, collaborated with an insights services company and interacted with chemical processor companies with the help of exhaustive questionnaires.
Industry 4.0 is well underway and in today’s digital first factories, cutting edge industrial technologies are key for the success. These technologies have the power to truly transform the business for better, ensuring round the clock up time and improved security while boosting the overall automation process. In addition to this, investing in factory automation has long term benefits. This is because factory automation with right systems and platforms help in facilitating improved efficiency and increase profits that can then be used later as better investments.
PTFE Gasket Market: Overview
- According to Transparency Market Research’s latest market report on the PTFE gasket market for the period 2019-2027 (wherein 2019 to 2027 is the forecast period and 2018 is the base year), high usage of PTFE gaskets in different industries such as chemicals, oil & gas, and pharmaceuticals, and increasing consumption from these industries is expected to drive the PTFE gasket market. The strong chemical resistance offered by PTFE gaskets is also one of the major factors driving this market.
- Globally, revenue generated by the PTFE gasket market accounted for ~US$ 1922.8 Mn in 2018, which is expected to expand at a CAGR of ~3% in terms of value during the forecast period
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Rise in Demand for PTFE Gaskets Due to its Characteristics: A Key Driver
- PTFE or Polytetrafluoroethylene is a fluoropolymer, which finds application in various industries due to its unique properties. Rapid growth of petrochemical and chemical industries is expected to increase the adoption of PTFE gaskets globally. Currently, pharmaceutical and agriculture industries is growing at a fast rate. PTFE gaskets help in carrying out operations smoothly by reducing vibration and providing a noise-free environment. They have low friction property and are highly resistive to acid, bases, and solvents.
- Moreover, high melting temperature, high resilience, high corrosion resistance, longer product life, low co-efficient of friction, and considerable insulation properties increases its value as a sealing material and makes it suitable in applications of various end-use industries. These factors are expected to drive the demand for PTFE gaskets during the forecast period.
Growth of Chemical & Petrochemical Sector: Market Opportunity
- PTFE gaskets find application in chemical, petrochemical, energy, food processing, oil & gas, agriculture, pharmaceuticals pipeline, and other industries
- Customized product offerings based on various filler types are expected to create better opportunities in the near future
- PTFE gaskets are used as a reliable sealant in chemical and petrochemical industries due to its high chemical resistance. The U.S. and Europe are witnessing exponential growth in the healthcare industry, which is expected to fuel the PTFE gasket market.
PTFE Gasket Market: Competition Landscape
- Detailed profiles of manufacturers of PTFE gaskets have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the PTFE gasket market include
- ERIKS NV
- Valqua Ltd.
- James Walker & Co.
- Freudenberg Sealing Technologies
- Teadit
- Frenzelit GmbH
- Henning Gasket & Seals, Inc.
- The Flexitallic Group Inc.
- Garlock Sealing Technologies
- Nichias Corporation
PTFE Gasket Market: Key Developments
- Prominent manufacturers in the PTFE gasket market are increasing investments in equipment and personnel to fulfill the demand in the market. Manufacturing companies are also planning to expand their presence in various geographies through mergers & acquisitions and tie-ups with distributors and retailers.
Other key developments by manufacturers in the PTFE gasket market are as follows:
- Teadit is expanding its product portfolio by introducing innovative products to enhance its customer base. In June 2016, the company re-launched Teadit 30SH – PTFE sheet. This new high tech sheet with improved characteristics allows more permissible stress.
- In November 2019, the Flexitallic Group Inc. expanded its geographical presence by opening a new facility in Wales and South West England. The increasing demand for industrial gaskets and sealing solutions has led to need for expansion.
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