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Global market: The global sales of food-grade EPDM hoses reached 389 million US dollars in 2024 and are expected to increase to 505 million US dollars by 2031, with a compound annual growth rate (CAGR) of 3.8% (2025-2031). The growth drivers come from the demand for automated production in the food and beverage industry, the requirement for aseptic transmission in the pharmaceutical field, and the industrialization process in emerging markets.The Chinese market: Its growth rate is significantly higher than the global average. In 2024, its market size accounted for approximately 15% of the global total, and it is expected that the proportion will further increase by 2031. Dairy products, juice processing and biopharmaceuticals are the main growth points. For instance, the upgrading of aseptic filling lines by enterprises such as Mengniu and Yili has driven the deman...
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The Latest Industry Analysis Report On O-rings According to the "2025-2030 O-Ring Industry Market Status Supply and Demand Analysis and Key Enterprise Investment Evaluation Planning Analysis Research Report", China's O-ring industry will enter a period of stable growth from 2025 to 2030. The market size is expected to expand from approximately 12 billion yuan in 2025 to 18 billion yuan in 2030, with an average annual compound growth rate of 8.5%. The growth was mainly driven by the development of downstream industries such as automotive manufacturing, aerospace, and petrochemicals, as well as the rising demand for high-performance seals. Meanwhile, the industry has corresponding development trends and changes in terms of technology, policy, investment, etc. For instance, the application of new materials and intelligent manufacturing technologies have driven ...