1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Oil & Gas Processing Seals Market by Type, Material, Application And Region - Global Forecast to 2023

Oil & Gas Processing Seals Market by Type, Material, Application And Region - Global Forecast to 2023

  • February 2019
  • 116 pages
  • ID: 5741692
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The oil & gas processing seals market is projected to register a CAGR of 2.5% between 2018 and 2023.
The global oil & gas processing seals market is estimated to be USD 5.7 billion in 2018 and is projected to reach USD 6.4 billion by 2023, at a CAGR of 2.5% between 2018 and 2023. The increasing demand for oil & gas processing seals in various industrial applications is projected to drive the demand for these seals. The growing demand from the oil & gas and chemicals & petrochemicals industries in Asia Pacific is likely to boost the oil & gas processing seals market during the forecast period. However, gland packaging and seal-less pumps is a major restraining factor for the oil & gas processing seals manufacturers.

Double seal is the fastest-growing type segment of the oil & gas processing seals market.

The market for double seals is projected to register the highest CAGR during the forecast period.These types of seals are ideal for high pressures and temperatures, and are generally used to prevent hazardous product from reaching the surrounding, avoid leakage of expensive fluids, and provide an alternative when the process fluid is not reliable and stable lubricant.

Furthermore, double seal helps in maximizing life cycle of a seal preventing the seals face from getting in contact with fluid films. This, in turn, is expected to drive the demand for double seals in the oil & gas industry during the forecast period.

Elastomer is the fastest-growing material segment of the oil & gas processing seals market.

The market for elastomers is projected to register the highest CAGR during the forecast period.These types of material are commonly used in the form of elastomeric O-rings and other rings and secondary seals.

These are available in the form of common elastomeric materials such as FKM (Fluoroelastomers), FFKM (Perfluoroelastomers), EPDM (Ethylene propylene diene monomer), and NBR (Nitrile Rubber). This, in turn, is expected to drive the demand for elastomers to manufacture oil & gas processing seals during the forecast period.

Downstream is the largest application segment of the oil & gas processing seals market.
Downstream application is estimated to be the fastest-growing application of oil & gas processing seals in 2018, in terms of value and accounted for the largest market share during the forecast period. Downstream includes refining of crude oil and the processing & purifying of natural gas at oil refineries and petrochemical plants; furthermore, it helps in marketing and distribution of petroleum products.

Asia Pacific is projected to be the largest oil & gas processing seals market.
The oil & gas processing seals market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa.The Asia Pacific oil & gas processing seals market is projected to register the highest CAGR during the forecast period, in terms of value.

The Middle East & Africa accounted for largest market share during the forecast period in terms of value.The downstream application is expected to dominate the oil & gas processing seals market during the forecast period due to the increase in the number of manufacturing facilities and technological advancement in this region.

This creates an immense opportunity for the consumption of oil & gas processing seals in the region.

Breakdown of profiles of primary interviews for the report on the oil & gas processing seals market
• By Company Type – Tier 1 – 55%, Tier 2 –30%, and Tier 3 – 15%
• By Designation – C Level – 21%, Director Level – 23%, and Others – 56%
• By Region – North America – 45%, Europe – 27%, Asia Pacific – 15%, South America – 7%, and the Middle East & Africa – 6%

Some of the key companies profiled in this report such as Freudenberg Group (Germany), John Crane (US), Flowserve Corporation (US), Parker Hannifin Corp (US), Solenis (US), Saint-Gobain (France), Trelleborg AB (Sweden), DuPont (US), Precision Polymer Engineering (UK), M.Barnwell Services Limited (UK), and Techno AD Ltd (Israel).

These are the leading oil & gas processing seals manufacturers, globally.

Research Coverage:
The report covers the oil & gas processing seals market on the basis of material, type, application, and region.This study aims at estimating the size and future growth potential of the oil & gas processing seals market across various segmentation types.

The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.

Key Benefits of Buying the Report
From an insight perspective, this report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the oil & gas processing seals market, high-growth regions, and drivers, restraints, opportunity, and challenges in the oil & gas processing seals market.

The report provides insights into the following pointers:
• Market Penetration: Comprehensive information on oil & gas processing seals offered by the top players operating in the market
• Product Development/Innovation: Detailed insight into upcoming technologies, R&D activities, and new applications in the oil & gas processing seals market
• Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for oil & gas processing seals across different regions
• Market Diversification: Exhaustive information about untapped geographies, recent developments, and investments in the oil & gas processing seals market
• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the oil & gas processing seals market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Functional Safety Market with Covid-19 Impact Analysis by Offering, System, Industry And Region - Global Forecast to 2025

  • $ 4950
  • July 2020
  • 281 pages

Functional safety market to exhibit significant growth during 2020–2025 The functional safety market is estimated to grow from USD 4.4 billion in 2020 to USD 5.3 billion by 2025, at a CAGR of 3.8%. The ...

  • World
  • North America
  • Oil And Gas
  • Hospital
  • Industry analysis
  • Crude Oil Production
  • Crude Oil Reserves

ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on