Oil and Gas Processing Seals - Global Strategic Business Report

Global Oil and Gas Processing Seals Market to Reach $7.9 Billion by 2030

The global market for Oil and Gas Processing Seals estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Single Seal, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Double Seal segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 7.5% CAGR

The Oil and Gas Processing Seals market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 34 Featured) -

• DuPont
• Flowserve Corporation
• Freudenberg Group
• John Crane
• M. Barnwell Services Limited
• Parker Hannifin Corp
• Precision Polymer Engineering
• Saint-Gobain
• Solenis
• Techno AD Ltd
• Trelleborg AB

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Complimentary updates for one year