Market Overview:
The global oil and gas 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 exploration and production activities in offshore areas are also contributing to the growth of this market. The global oil and gas seals market is segmented on the basis of type, application, and region. On the basis of type, it is divided into stainless steel seal, graphite/carbon seal, plastic/polymer seal, elastomeric sealant tape (EST), PTFE packing gland (PFG), metal-to-metal bonded sealing systems (M2MBS), others. The stainless steel seal segment dominates this market owing to its properties such as corrosion resistance and high temperature resistance.
Product Definition:
Oil and Gas Seals are devices that help to prevent the escape of gas or fluid from a system. They are typically used in applications where it is important to maintain a seal between two components, such as in an oil or gas pipeline.
Stainless Steel Seal:
Stainless steel seal is a kind of new technology in the oil and gas industry. It has been used for various applications such as chemical containers, food processing equipment, nuclear power plant machinery and pipes.
Graphite / Carbon Seals:
Carbon seals are manufactured from graphite and have applications in the oil & gas industry. Carbon seal is used to join two components together, where as other materials such as silicon rubber or PVC are used for O-rings. The major advantage of using carbon seal is that it has a low coefficient of friction which makes it suitable to be used in high temperature applications whereas silicon rubber or PVC has higher coefficient of friction which makes them unsuitable for high temperature application.
Application Insights:
The global demand for GOGS seals has witnessed a paradigm shift due to the growing need for enhanced oil recovery techniques. The growth of EOR in onshore fields and the increasing use of carbon steel and plastic-based GOGS seals are expected to drive the market over the forecast period.
Well Completion was estimated as largest application segment in 2017 with a volume share of around 40%. This is attributed to its rising use across all major regions including Middle East & Africa, Asia Pacific, North America and Europe. Increasing number of projects coupled with an increase in drilling activities is anticipated to boost product demand from well completion applications over the forecast period. In addition, rapid industrialization along with urbanization has led people out of rural areas into cities where they require energy sources such as electricity generated through fossil fuels which further boosts industry growth trends globally.
Regional Analysis:
North America dominated the global market in 2017, accounting for a share of over 30.0% owing to the presence of major oilfield service companies such as Halliburton and Schlumberger. The region is expected to maintain its dominance over the forecast period due to factors such as increasing offshore drilling activities in U.S., growing shale gas reserves, and rising demand for onshore oilfield services including well drilling services and completion equipment installation services from various end-users including E&P companies, refineries, chemical plants etc.
The Asia Pacific regional market is anticipated to witness significant growth during the forecast period owing to increasing government spending on exploration & production activities coupled with rising investments by foreign players in this region which has resulted into increased availability of advanced technologies resulting into improved performance characteristics required for sealing applications at lower costs along with high efficiency rates thus propelling industry growth across this region.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Growing need to replace aging infrastructure
- Proliferation of new technologies in the oil and gas industry
- Stringent government regulations for safety in the oil and gas industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Seals Market Research Report
By Type
Stainless Steel Seal, Graphite / Carbon Seals, Plastic / Polymer Seals
By Application
Well Drilling, Well Completion, Well Production and Service, Refining and Distillation Units, Transportation Pipelines and Carrier Vessels
By Companies
Parker Hannifin Corporation, EnPro Industries, Flowserve Corporation, Dätwyler Holding Inc, Freudenberg Group, John Crane, Trelleborg AB, EagleBurgmann, Sinoseal Holding Co Ltd, AESSEAL, Hallite Seals, James Walker, NAK Sealing Technologies Corporation
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Seals Market Report Segments:
The global Oil and Gas Seals market is segmented on the basis of:
Types
Stainless Steel Seal, Graphite / Carbon Seals, Plastic / Polymer Seals
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
Well Drilling, Well Completion, Well Production and Service, Refining and Distillation Units, Transportation Pipelines and Carrier Vessels
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:
- Parker Hannifin Corporation
- EnPro Industries
- Flowserve Corporation
- Dätwyler Holding Inc
- Freudenberg Group
- John Crane
- Trelleborg AB
- EagleBurgmann
- Sinoseal Holding Co Ltd
- AESSEAL
- Hallite Seals
- James Walker
- NAK Sealing Technologies Corporation
Highlights of The Oil and Gas 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:
- Stainless Steel Seal
- Graphite / Carbon Seals
- Plastic / Polymer Seals
- By Application:
- Well Drilling
- Well Completion
- Well Production and Service
- Refining and Distillation Units
- Transportation Pipelines and Carrier Vessels
- 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 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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- Understanding Competition Scenario
- Product & Brand Management
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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 seals are used to prevent the escape of oil or gas.
Some of the major companies in the oil and gas seals market are Parker Hannifin Corporation, EnPro Industries, Flowserve Corporation, D¤twyler Holding Inc, Freudenberg Group, John Crane, Trelleborg AB, EagleBurgmann, Sinoseal Holding Co Ltd, AESSEAL, Hallite Seals, James Walker, NAK Sealing Technologies Corporation.
The oil and gas 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 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 Seals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas 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 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 Seals Market Size & Forecast, 2018-2028
4.5.1 Oil and Gas Seals Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Seals Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Type
5.2.1 Stainless Steel Seal
5.2.2 Graphite / Carbon Seals
5.2.3 Plastic / Polymer Seals
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Applications
6.2.1 Well Drilling
6.2.2 Well Completion
6.2.3 Well Production and Service
6.2.4 Refining and Distillation Units
6.2.5 Transportation Pipelines and Carrier Vessels
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas 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 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 Oil and Gas Seals Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Type
9.6.1 Stainless Steel Seal
9.6.2 Graphite / Carbon Seals
9.6.3 Plastic / Polymer Seals
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 Oil and Gas Seals Market Size Forecast by Applications
9.10.1 Well Drilling
9.10.2 Well Completion
9.10.3 Well Production and Service
9.10.4 Refining and Distillation Units
9.10.5 Transportation Pipelines and Carrier Vessels
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 Oil and Gas Seals Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Type
10.6.1 Stainless Steel Seal
10.6.2 Graphite / Carbon Seals
10.6.3 Plastic / Polymer Seals
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 Oil and Gas Seals Market Size Forecast by Applications
10.10.1 Well Drilling
10.10.2 Well Completion
10.10.3 Well Production and Service
10.10.4 Refining and Distillation Units
10.10.5 Transportation Pipelines and Carrier Vessels
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 Oil and Gas Seals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Type
11.6.1 Stainless Steel Seal
11.6.2 Graphite / Carbon Seals
11.6.3 Plastic / Polymer Seals
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 Oil and Gas Seals Market Size Forecast by Applications
11.10.1 Well Drilling
11.10.2 Well Completion
11.10.3 Well Production and Service
11.10.4 Refining and Distillation Units
11.10.5 Transportation Pipelines and Carrier Vessels
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 Oil and Gas Seals Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Seals 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 Oil and Gas Seals Market Size Forecast by Type
12.6.1 Stainless Steel Seal
12.6.2 Graphite / Carbon Seals
12.6.3 Plastic / Polymer Seals
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 Oil and Gas Seals Market Size Forecast by Applications
12.10.1 Well Drilling
12.10.2 Well Completion
12.10.3 Well Production and Service
12.10.4 Refining and Distillation Units
12.10.5 Transportation Pipelines and Carrier Vessels
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) Oil and Gas Seals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Seals 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) Oil and Gas Seals Market Size Forecast by Type
13.6.1 Stainless Steel Seal
13.6.2 Graphite / Carbon Seals
13.6.3 Plastic / Polymer Seals
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) Oil and Gas Seals Market Size Forecast by Applications
13.10.1 Well Drilling
13.10.2 Well Completion
13.10.3 Well Production and Service
13.10.4 Refining and Distillation Units
13.10.5 Transportation Pipelines and Carrier Vessels
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 Seals Market: Competitive Dashboard
14.2 Global Oil and Gas Seals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parker Hannifin Corporation
14.3.2 EnPro Industries
14.3.3 Flowserve Corporation
14.3.4 Dätwyler Holding Inc
14.3.5 Freudenberg Group
14.3.6 John Crane
14.3.7 Trelleborg AB
14.3.8 EagleBurgmann
14.3.9 Sinoseal Holding Co Ltd
14.3.10 AESSEAL
14.3.11 Hallite Seals
14.3.12 James Walker
14.3.13 NAK Sealing Technologies Corporation
