Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

The Encapsulated O-rings research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.

This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Encapsulated O-rings Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.

Impact of COVID-19 on Encapsulated O-rings Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key Players:

• Daemar Inc.
• ERIKS NV
• Freudenberg Group
• James Walker Group Ltd.
• M-Cor Inc.
• Monroe Engineering Products
• Northern Engineering (Sheffield) Ltd.
• ROW, INC.
• Trelleborg AB
• Vulcan Engineering Limited.

Growth drivers and Market Value:

This report, from Stratview Research Encapsulated O-rings Market value and growth drivers over the trend period of 2020-25. According to the report -

Encapsulated O-Rings Market is likely to mark a healthy 5.0% CAGR over the next five years to reach US$ 144.6 million in 2025.

Segment Analysis:

By Core Material Type

Based on the core material type, the encapsulated O-rings market is segmented into FKM, silicone, and others (include EPDM, stainless-steel spring, etc.). Due to the excellent elasticity, good chemical resistance, and outstanding compression, FKM core material dominated the market in 2019 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.

By Region

In terms of regions, all regions are expected to mark a huge decline in 2020 in the wake of the rapid spread of the pandemic across regions. Despite the worst hit by COVID-19, Europe will 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. Asia-Pacific is expected to heal up with the fastest pace post-pandemic with China and India being the growth engines. 

Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.

Key Considerations for Market Forecast:

• Impact of lockdown, supply chain disruptions.
• Pre and post-COVID-19 market estimates
• Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

Impact of COVID-19 on the Global Market

The Encapsulated O-rings report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.

Sneak peek into the Report:

The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market forecast analysis
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends & Key success factors

Connect with us -

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.

About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Encapsulated O-rings Market.

It was estimated prior to this unanticipated outbreak that the Encapsulated O-rings Market was expected to grow at a CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Encapsulated O-rings have a wide range of applications in various end-use industries, including chemicals, food & beverage, pharmaceutical, petrochemical, semiconductor, automotive, aerospace, and oil & gas industry. Despite being a small component of these end-use industries, encapsulated O-rings play an essential role in the smooth functioning of various equipment or devices, such as pumps, valves, cartridge filters, heat exchangers, pipelines, gas compressors, chemical reactor vessels, and pressure vessels. Compared with the other O-rings, encapsulated O-rings offer several advantages, such as high resistance to numerous chemicals except for alkali metals and some fluorine compounds, FDA-compliant, suitability in a broad range of temperatures, low coefficient of friction, low permeation, non-contaminating, and exclusively suitable where hygiene is of paramount importance.

The rapid spread of the pandemic severely affected various end-use industries where encapsulated O-rings are preferred including the halt of production facilities, shortage of labor, and disruption of the supply chain across the globe. Chemical, petrochemical, oil & gas, semiconductor, and automotive, are among the worst-hit industries due to the pandemic.  On the other side, food & beverage, and pharmaceutical are the industries that are registering the least impact of the pandemic. The severe impact of the pandemic on chemical, petrochemical, semiconductor, oil & gas, and automotive industries will be partially offset by the modest growth in the food & beverage, pharmaceutical, and medical industries.

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 range. They have higher mechanical strength, improved crack resistance; hence, longer service life than FEP encapsulated O-rings.

Based on the core material type, the encapsulated O-rings market is segmented into FKM, silicone, and others (include EPDM, stainless-steel spring, etc.). Due to the excellent elasticity, good chemical resistance, and outstanding compression, FKM core material dominated the market in 2019 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 the core structure type, the encapsulated O-rings market is segmented into solid core and hollow core structure. Solid core is likely to remain the leading segment of the market in the coming years as well, 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 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.

In terms of regions, all regions are expected to mark a huge decline in 2020 in the wake of the rapid spread of the pandemic across regions. Despite the worst hit by COVID-19, Europe will 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. Asia-Pacific is expected to heal up with the fastest pace post-pandemic with China and India being the growth engines.  

Key Players:

The supply chain of this market comprises raw material suppliers, encapsulated O-ring manufacturers, distributors, component manufacturers, and end-users. The key encapsulated O-ring manufacturers are Daemar Inc., ERIKS NV, Freudenberg Group, James Walker Group Ltd., M-Cor Inc., Monroe Engineering Products, Northern Engineering (Sheffield) Ltd., ROW, INC., Trelleborg AB, and Vulcan Engineering Limited.