According to TECHCET'S market forecasts, the company sees an upward trend in perfluoroelastomer (FFKM) O-rings required for semiconductor applications, including ALD, CVD, RTP, dry stripping and etching, as well as seals used in subfabs. in 2023, the market size of FFKM O-rings was approximately $600 million, and future prospects are expected to rise to $900 million by 2028.
FFKM-based O-rings are favored by the semiconductor industry for their excellent properties, including chemical resistance, high-temperature stability, low-temperature elasticity, and purity. While these materials are not required for all semiconductor manufacturing, they are increasingly becoming a low-risk avenue for the entire industry. FFKM Seals' revenue growth was approximately 2x wafer start-up growth, primarily due to increased process temperatures at fabs and subfabs.
According to the analysis report of Huajing Industry Research Institute, the global O-rings market has shown strong growth momentum in 2019. According to the report, the global demand for O-rings continued to grow from 2015 to 2019, especially in the European and American markets. In addition, the analysis of the supply capacity and demand of the Chinese market also shows a positive growth trend. The O-rings market is expected to continue to grow between 2020 and 2025, thanks to technological innovation, product development, and the continuous optimization of the industry's competitive landscape.
Further data shows that the global O-rings market size has reached a certain value in 2023 and is expected to grow significantly by 2030, with a compound annual growth rate (CAGR) remaining at a stable percentage. This growth is driven not only by existing market demand, but also by the continuous development of new application areas.
Figure: High-end O-rings will grow 2x faster than wafers（source:TECHCET)
Globally, O-rings are used in a wide range of applications, including electrical and electronics, aerospace equipment, marine and rail equipment, and the automotive industry. The rapid development of these industries is directly driving the demand growth in the O-rings market. Especially in the Asia-Pacific region, the growth of the Chinese market is particularly significant, and the Asia-Pacific region is expected to account for the largest share of the global O-rings market by 2036.
Although the growth of the O-rings market is driven by a variety of factors, including the macroeconomic situation, policy environment, and social environment, the competition within the industry is also fierce. Major players in the global O-rings market include Freudenberg Sealing Technologies, Bal Seal Engineering, and others, which have strengthened their leadership positions in the global market through continuous technological innovation and market expansion.
Looking ahead, the growth potential of the O-rings market remains significant. With the recovery of the global economy and the advancement of Industry 4.0, the demand for high-end O-rings is expected to increase further. At the same time, technological innovation and product upgrading in the industry will also bring new growth points to the market.
