An O-ring can be defined as a mechanical gasket in the shape of a torus. These rings are used to block a path that may otherwise allow a liquid or a gas to escape. It is placed into a groove to secure it in place and then compressed between two surfaces. Teflon O-rings are made up of polytetrafluoroethylene (PTFE). These rings possess superior properties which include high resistance to heat, chemical agents and solvents, low friction coefficient, anti-adhesiveness, and non-toxicity.
The outbreak of COVID-19 significantly impacted the materials supply chains,international trade, and manufacturing operations across the world. The production of teflon O-rings declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Furthermore, decline in the growth of the end-use industries further affected the market growth.
The global growth of Teflon O-rings market size is primarily driven by widespread product usage in various end-use industries including aerospace,pharmaceuticals,and telecommunication among others. The growing aerospace industry with rising demand for aircraft across geographies is likely to fuel the product demand at a significant rate during the review period. In addition to this,expanding industrialization in developing countries is likely to create lucrative opportunities for the players operating in the global market during the review period.
