Overview

Global oil and gas processing seals market estimated to value over USD 7 billion by 2026 end and register a CAGR of over 2.3% during the forecast period 2019 to 2026.
Oil & Gas Processing Seals play a significant role in packaging. Since oil and gas leakages can cause critical damage to the goods and thus should be secure from any such mishaps.  Oil and gas packaging helps prevent leakages even in extreme conditions and temperature. Appliances especially electronic ones such as mixers need this type of secure packaging to prevent damage. These seals help keep the products safe from wear and tear and thus extend their life and preserve their quality.

With an increase in the manufacturing of appliances that utilize gas or oil as fuel, thus promotes the growth of this market. The undertaking of industrialized shale gas production will further arise the need for oil and gas packaging and favour the industry’s growth. With their versatile use and heavy use of specific products which require sealing will provide the oil and gas packaging market with more opportunities and revenue.  Furthermore, improvements in technology will improve and introduce new packaging methods will help maximise the growth of the market. 

The demand in the Asia Pacific region is projected to grow at a considerable rate. Middle East and African regions are expected to contribute notably towards the market’s revenue. North America and Europe markets are the major market shareholders and are estimated to grow further. 

Some of the major firms in the industry are  Precision Polymer Engineering (UK), Freudenberg Group (Germany), Parker Hannifin Corp (U.S.) and Solenis (U.S.). 

Global Oil & Gas Processing Seals Market: Segmentation
By Type: 

•    Single Seal 
•    Double Seal  
 

By Material: 
•    Seal face material 
•    Metal 
•    Elastomer 
 

By Application: 
•    Upstream 
•    Midstream 
•    Downstream 
 

By Region:  
•    Europe  
•    North America  
•    APAC  
•    Latin America 
•    Rest of World  
 

Competitive Landscape:  
•    Tier 1 players- established companies in the market with the major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants   
 

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data points affecting market growth  

Objectives of the Study: 
•    To provide with an exhaustive analysis on oil & gas processing seals market by seal type, use of material, application, and region 
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and the overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

$3450

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics