Market Overview:
The global oil and gas processing seals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing industrialization and urbanization are also contributing to the growth of this market. The global oil and gas processing seals market is segmented on the basis of type, application, and region. On the basis of type, it is divided into single seal and double seal segments. Single seal dominates this market owing to its low cost as compared to double seal types. However, with technological advancements being made in this field regularly; double seals are expected to gain traction over single seals during the forecast period. By application, it is classified into single-phase applications (such as pumps)and two-phase applications (such as compressors). The two-phase applications segment dominates this market owingto its high usage in various industries such as petrochemical plants, refineries etc., where both liquid & vapor phases need proper sealing for smooth functioning of equipment’s .Regionally speaking North America holds a major share in termsof revenue generated followed by Europe due rising demand for energy coupled with stringent government regulations pertainingto environment safety& security .
Product Definition:
Oil and gas processing seals are used in the oil and gas industry to keep fluids from escaping. They are important because they help maintain the pressure in pipelines and prevent leaks.
Single Seal:
Single seal is a device used in the oil and gas industry to prevent the flow of formation fluids such as water, sand, or mud through open channels. Single seals are also referred to as one-way valves. They can be either manual or automatic and are installed in places where it is not desirable to use an expulsometer (for example, near high pressure points). The single seal has two main components namely sealing lip and valve seat.
Double Seal:
Double seal is a device used in the processing of oil and gas. It consists of two O-rings, one on each side, which are connected by an elastomeric material such as silicone or rubber. The double seal is designed to provide a water tight barrier between two components in an oil and gas system.
The primary function of the double seal is to prevent any loss of fluid due to contamination from entering into other components within the system.
Application Insights:
The single-seal process is used for crude oil and natural gas processing in onshore and offshore facilities. The crude oil seal processes the lighter fractions of sour, low-quality crudes while the natural gas double-seal processes both light sweet as well as sour grades of natural gas. The market for global oil and gas processing seals by application is segmented into onshore and offshore, with a major share being attributed to the latter due to its larger scale of operations.
Offshore facilities are located at sea level or deepwater locations away from a facility's shoreline where it can be connected through an underwater pipeline system known as a subsea pipeline system or simply a pipe string system.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil and gas producer, is home to several large processing facilities that require high-quality seals for maintaining equipment integrity and preventing fluid leakage. Moreover, technological advancements coupled with stringent regulations aimed at reducing carbon emissions from oil field operations are expected to drive product demand over the forecast period.
Asia Pacific is estimated to be the fastest-growing regional market during the forecast years owing to rapid industrialization along with increasing government support for developing domestic energy resources in countries such as China, India, Indonesia, Malaysia and Thailand among others will boost production activities across various end-use industries including chemicals & petrochemicals; metalworking; construction; energy & power generation; water treatment etc.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas processing industry
- Proliferation of new technologies and processes in the oil and gas processing industry
- Growing need to replace aging infrastructure in the oil and gas processing industry
- Stringent government regulations pertaining to safety and environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Processing Seals Market Research Report
By Type
Single Seal, Double Seal
By Application
Single, Double
By Companies
Freudenberg Group, John Crane, Flowserve Corporation, Parker Hannifin Corp, Solenis, Saint-Gobain, Trelleborg AB, DuPont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Processing Seals Market Report Segments:
The global Oil and Gas Processing Seals market is segmented on the basis of:
Types
Single Seal, Double Seal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Single, Double
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Freudenberg Group
- John Crane
- Flowserve Corporation
- Parker Hannifin Corp
- Solenis
- Saint-Gobain
- Trelleborg AB
- DuPont
Highlights of The Oil and Gas Processing Seals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Seal
- Double Seal
- By Application:
- Single
- Double
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Processing Seals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil and gas processing seals are used to prevent the escape of oil or gas during processing.
Some of the major players in the oil and gas processing seals market are Freudenberg Group, John Crane, Flowserve Corporation, Parker Hannifin Corp, Solenis, Saint-Gobain, Trelleborg AB, DuPont.
The oil and gas processing seals market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Processing Seals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil and Gas Processing Seals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Processing Seals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil and Gas Processing Seals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil and Gas Processing Seals Market Size & Forecast, 2020-2028
4.5.1 Oil and Gas Processing Seals Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Processing Seals Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Seal
5.2.2 Double Seal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Single
6.2.2 Double
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Processing Seals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Processing Seals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Seal
9.6.2 Double Seal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Single
9.10.2 Double
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Seal
10.6.2 Double Seal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Single
10.10.2 Double
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Seal
11.6.2 Double Seal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Single
11.10.2 Double
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Seal
12.6.2 Double Seal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Single
12.10.2 Double
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Seal
13.6.2 Double Seal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Single
13.10.2 Double
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Processing Seals Market: Competitive Dashboard
14.2 Global Oil and Gas Processing Seals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Freudenberg Group
14.3.2 John Crane
14.3.3 Flowserve Corporation
14.3.4 Parker Hannifin Corp
14.3.5 Solenis
14.3.6 Saint-Gobain
14.3.7 Trelleborg AB
14.3.8 DuPont
