PTFE Gasket Market to Reach a Valuation of ~US$ 2.5 Bn by 2027; TMR Analyzes Impact of COVID-19 on Market; Stakeholders to Focus on Long-term Dimensions

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.

Consistent demand for new materials in PTFE gaskets supporting bioprocessing components has triggered the PTFE gasket market growth. Thus, introduction of novel PTFE gaskets has helped to boost the credibility of manufacturers as leading providers of fluid management components. New materials such as fluoropolymer elastomer, PTFE, and synthetic rubber are benefitting stakeholders at manufacturing plants to achieve the highest level of chemical and steam resistance. These attributes are leveraging the productivity levels of workers at biotechnology production units. Companies in the PTFE gasket market are increasing R&D to develop high-purity gaskets that deploy unparalleled sealing performances.

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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.

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.

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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.

Hexagonal Profile PTFE Gaskets Deploy Superior Compressibility and Sealing in Chemical Processing Environments

Apart from pharmaceutical and energy industrial applications, companies in the PTFE gasket market are tapping opportunities in the chemicals and petrochemicals to broaden their scope for new revenue streams. For instance, companies are gaining expertise to develop next-gen PTFE gaskets that deploy superior compressibility and sealing in chemical processing applications. Companies in the PTFE gasket market are interacting with engineers in chemical processing companies to help streamline their process operations and projects.

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With the help of questionnaires and surveys, companies are increasing their efforts in ground-level research to compile a comprehensive list of properties that make PTFE gaskets ideal for universal adoption. With increased tests and analysis, manufacturers are able to develop workable and finalized versions of PTFE gaskets. In the chemical processing environment, there is a need for efficient sealing solutions with enhanced surface profiles. Manufacturers are increasing the availability of PTFE gaskets that allow flexibility in installation and assembly to end users. PTFE gaskets with hexagonal profile are growing popular as a truly innovative product in the chemical processing space.

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