The oil & gas processing seals market is projected to register 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 are 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 products from reaching the surrounding, avoid leakage of expensive fluids, and provide an alternative when the process fluid is not a reliable and stable lubricant. Furthermore, double seal helps in maximizing the life cycle of a seal preventing the seal's 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 the 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
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regions Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Oil & Gas Processing Seals Market
4.2 Oil & Gas Processing Seals Market, By Region
4.3 Oil & Gas Processing Seals Market, By Type and Region
4.4 Oil & Gas Processing Seals Market, By Application
4.5 Oil & Gas Processing Seals Market, By Type
4.6 Oil & Gas Processing Seals Market: Major Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Efficiency in Offshore Oil Recovery
5.2.1.2 Increasing Crude Oil Production
5.2.2 Restraints
5.2.2.1 Gland Packaging and Seal-Less Pumps
5.2.2.2 Growth in the Renewable Energy Sector
5.2.2.3 Low Oil & Gas Prices
5.2.3 Opportunities
5.2.3.1 Discovery of New Oilfields
5.2.4 Challenges
5.2.4.1 Specific Requirements From End-Use Industries
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview
5.4.1 Manufacturing Industry Trends and Forecast, By Country
5.5 Oil & Gas Wells, By Region (2016)
5.6 Crude Oil Throughput By Region, 2016 (In 1000 Bpd)
5.6.1 Oil & Gas Industry Trends, By Region and Country
6 Oil & Gas Processing Seals Market, By Material
6.1 Introduction
6.2 Metal
6.2.1 Strong Physical and Chemical Properties are Expected to Drive the Demand for Metals in the Oil & Gas Processing Seals Market
6.3 Elastomer
6.3.1 Oil & Gas Processing Seals Based on Elastomer are Used in Different Applications in the Oil & Gas Industry
6.4 Seal Face Material
6.4.1 Excellent Mechanical Properties of Seal Face Material Drive Its Demand in the Oil & Gas Processing Seals Market
6.5 Others
7 Oil & Gas Processing Seals Market, By Type
7.1 Introduction
7.2 Single Seal
7.2.1 Single Oil & Gas Processing Seals are Widely Used for their Cost and Energy Saving Properties
7.3 Double Seal
7.3.1 Double Oil & Gas Processing Seals Ensure Maximum Sealing and Minimum Leakage of Fluid Or Gas
8 Oil & Gas Processing Seals Market, By Application
8.1 Introduction
8.2 Upstream
8.2.1 High-Temperature Resistance and Durability are the Properties of Oil & Gas Processing Seals That are Driving their Demand in This Segment
8.3 Midstream
8.3.1 Growing Midstream Oil & Gas Sector is Likely to Drive the Demand for Oil & Gas Processing Seals
8.4 Downstream
8.4.1 Downstream is A Key Application of Oil & Gas Processing Seals
9 Oil & Gas Processing Seals Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Growing Offshore and Onshore Drilling Activities are Expected to Drive the US Market for Oil & Gas Processing Seals
9.2.2 Canada
9.2.2.1 Increasing Investments in the Oil & Gas Industry in Canada are Boosting the Oil & Gas Processing Seals Market
9.2.3 Mexico
9.2.3.1 Growing Upstream Oil & Gas Sector is Likely to Drive the Market for Oil & Gas Processing Seals
9.3 Middle East & Africa
9.3.1 Saudi Arabia
9.3.1.1 Presence of the World’s Largest Petroleum Reserves has Boosted the Oil & Gas Processing Seals Market in Saudi Arabia
9.3.2 Iran
9.3.2.1 Increasing Crude Oil Processing Capacities Drive the Oil & Gas Processing Seals Market in Iran
9.3.3 UAE
9.3.3.1 Growing Oil Production Drives the Market for Oil & Gas Processing Seals in the UAE
9.3.4 Rest of Middle East & Africa
9.4 APAC
9.4.1 China
9.4.1.1 Presence of Large Oilfields and Drilling in New Reserves are Driving the Market
9.4.2 India
9.4.2.1 Major Oilfield Discoveries are Expected to Boost the Market in India
9.4.3 Indonesia
9.4.3.1 Increase in Investment in Oil Exploration Activities is Projected to Drive the Market
9.4.4 Malaysia
9.4.4.1 Increase in Refining and Storage CAPACity is Expected to Propel the Oil & Gas Processing Seals Market
9.4.5 Australia
9.4.5.1 Increase in Oil & Gas Production is Expected to Drive the Demand for Oil & Gas Processing Seals
9.4.6 Rest of APAC
9.5 Europe
9.5.1 Russia
9.5.1.1 Exploration of Oil and Gas Reserves in the Country Boosts the Demand for Oil & Gas Processing Seals
9.5.2 UK
9.5.2.1 Drilling, Well Completion, and Production are Expected to Generate A Demand for Oil & Gas Processing Seals in the UK
9.5.3 Netherlands
9.5.3.1 Growing Shale Gas Industry is Expected to Drive the Country’s Oil & Gas Processing Seals Market
9.5.4 Norway
9.5.4.1 New Offshore Discoveries Govern the Oil & Gas Processing Seals Market in Norway
9.5.5 Poland
9.5.5.1 Growing Investments in Technology and Innovation in the Oil & Gas Industry Drive the Oil & Gas Processing Seals Market
9.5.6 Rest of Europe
9.6 South America
9.6.1 Brazil
9.6.1.1 Increasing Exploration and Discovery of Undersea Oilfields are Likely to Propel the Oil & Gas Processing Seals Market in Brazil
9.6.2 Venezuela
9.6.2.1 Presence of Abundant Oil Fields Drives the Market for Oil & Gas Processing Seals in Venezuela
9.6.3 Rest of South America
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 New Product Launch
10.3.2 Expansion
11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Freudenberg Group
11.2 John Crane
11.3 Flowserve Corporation
11.4 Parker Hannifin Corp
11.5 Saint-Gobain
11.6 Trelleborg AB
11.7 Dupont
11.8 Precision Polymer Engineering
11.9 Techno AD Ltd.
11.10 M.Barnwell Services Limited
11.11 Precision Associates, Inc.
11.12 Green, Tweed & Company
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11.13 Ftl Technology
11.14 Aesseal PLC.
11.15 Technetics Group
11.16 Performance Sealing Inc.
11.17 Ceetak Ltd.
11.18 American High Performance Seals
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables
Table 1 Contribution of Manufacturing Industry to Gdp, By Country, 2015-2021 (USD Billion)
Table 2 North America: Oil & Gas Wells, By Country (2016)
Table 3 Middle East & Africa: Oil & Gas Wells, By Country (2016)
Table 4 APAC: Oil & Gas Wells, By Country (2016)
Table 5 Europe: Oil & Gas Wells, By Country (2016)
Table 6 South America: Oil & Gas Wells, By Country (2016)
Table 7 North America: Crude Oil Throughput, By Country, 2016 (1000 Bpd)
Table 8 South America: Crude Oil Throughput, By Country, 2016 (1000 Bpd)
Table 9 Middle East & Africa: Crude Oil Throughput, By Country, 2016 (1000 Bpd)
Table 10 APAC: Crude Oil Throughput, By Country, 2016 (1000 Bpd)
Table 11 Europe: Crude Oil Throughput, By Country, 2016 (1000 Bpd)
Table 12 Oil Production, Million Tonnes (2014-2015)
Table 13 Oil & Gas Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 14 Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 15 Single Oil & Gas Processing Seals Market Size, 2016–2023 (USD Million)
Table 16 Double Oil & Gas Processing Seals Market Size, 2016–2023 (USD Million)
Table 17 Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 18 Oil & Gas Processing Seals Market Size in Upstream Application, By Region, 2016–2023 (USD Million)
Table 19 Oil & Gas Processing Seals Market Size in Midstream Application, By Region, 2016–2023 (USD Million)
Table 20 Oil & Gas Processing Seals Market Size in Downstream Application, By Region, 2016–2023 (USD Million)
Table 21 Oil & Gas Processing Seals Market Size, By Region, 2016–2023 (USD Million)
Table 22 Oil & Gas Processing Seals Market Size, By Material, 2016–2023 (USD Million)
Table 23 Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 24 Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 25 North America: Oil & Gas Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 26 North America: Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 27 North America: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 28 US: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 29 Canada: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 30 Mexico: Oil & Gas Processing Seals Market Size, Application, 2016–2023 (USD Million)
Table 31 Middle East & Africa: Oil & Gas Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 32 Middle East & Africa: Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 33 Middle East and Africa: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 34 Saudi Arabia: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 35 Iran: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 36 UAE: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 37 Rest of Middle East & Africa: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 38 APAC: Oil & Gas Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 39 APAC: Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million
Table 40 APAC: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 41 China: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 42 India: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 43 Indonesia: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 44 Malaysia: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 45 Australia: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 46 Rest of APAC: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 47 Europe: Oil & Gas Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 48 Europe: Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 49 Europe: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 50 Russia: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 51 UK: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 52 Netherlands: Oil & Gas Processing Seals Market Size, Application, 2016–2023 (USD Million)
Table 53 Norway: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 54 Poland: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 55 Rest of Europe: Oil & Gas Processing Seals Market Size, Application, 2016–2023 (USD Million)
Table 56 South America: Oil & Gas Processing Seals Market Size, By Country, 2016–2023 (USD Million)
Table 57 South America: Oil & Gas Processing Seals Market Size, By Type, 2016–2023 (USD Million)
Table 58 South America: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 59 Brazil: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 60 Venezuela: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 61 Rest of South America: Oil & Gas Processing Seals Market Size, By Application, 2016–2023 (USD Million)
Table 62 New Product Launch, 2015–2018
Table 63 Expansion, 2015–2018
List of Figures
Figure 1 Oil & Gas Processing Seals Market Segmentation
Figure 2 Oil & Gas Processing Seals Market, By Region
Figure 3 Oil & Gas Processing Seals Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Oil & Gas Processing Seals Market: Data Triangulation
Figure 7 Metal Segment to Lead the Oil & Gas Processing Seals Market
Figure 8 Single Seal to Be the Largest Type of Oil & Gas Processing Seals
Figure 9 Downstream Application to Lead the Oil & Gas Processing Seals Market
Figure 10 APAC to Be the Fastest-Growing Oil & Gas Processing Seals Market
Figure 11 Increase in Oil Production and Downstream Activities to Drive the Market Between 2018 and 2023
Figure 12 Middle East & Africa to Lead the Oil & Gas Processing Seals Market
Figure 13 Single Seal Type Accounted for the Largest Share of the Oil & Gas Processing Seals Market
Figure 14 Downstream Segment to Account for the Largest Share of the Oil & Gas Processing Seals Market
Figure 15 Single Seal Segment to Account for the Largest Share of the Overall Oil & Gas Processing Seals Market
Figure 16 India to Grow at the Fastest Rate
Figure 17 Drivers, Restraints, Opportunities, and Challenges Governing the Oil & Gas Processing Seals Market
Figure 18 Oil & Gas Processing Seals Market: Porters Five Forces Analysis
Figure 19 Metal Segment to Dominate the Oil & Gas Processing Seals Market
Figure 20 Single Seal to Be the Largest Type of Oil & Gas Processing Seals
Figure 21 Downstream Segment to Dominate the Oil & Gas Processing Seals Market Between 2018 and 2023
Figure 22 India to Grow at the Highest Rate
Figure 23 North America: Oil & Gas Processing Seals Market Snapshot
Figure 24 Middle East & Africa: Oil & Gas Processing Seals Market Snapshot
Figure 25 APAC: Oil & Gas Processing Seals Market Snapshot
Figure 26 Key Developments in the Oil & Gas Processing Seals Market (2015–2018)
Figure 27 Ranking of Oil & Gas Processing Seals Manufacturers in 2017
Figure 28 Freudenberg Group: Company Snapshot
Figure 29 Freudenberg Group: SWOT Analysis
Figure 30 John Crane: SWOT Analysis
Figure 31 Flowserve Corporation: Company Snapshot
Figure 32 Flowserve Corporation: SWOT Analysis
Figure 33 Parker Hannifin Corp: Company Snapshot
Figure 34 Parker Hannifin Corp: SWOT Analysis
Figure 35 Saint-Gobain: Company Snapshot
Figure 36 Saint-Gobain: SWOT Analysis
Figure 37 Trelleborg AB: Company Snapshot
Figure 38 Trelleborg AB: SWOT Analysis
Figure 39 Dupont: Company Snapshot
Figure 40 Dupont: SWOT Analysis
Samples
LOADING...
Executive Summary
Companies Mentioned
- Freudenberg Group
- John Crane
- Flowserve Corporation
- Parker Hannifin Corp.
- Saint-Gobain
- Trelleborg AB
- DuPont
- Precision Polymer Engineering
- Techno AD Ltd.
- M.Barnwell Services Limited
- Precision Associates, Inc.
- Green, Tweed & Company
- Ftl Technology
- Aesseal PLC
- Technetics Group
- Performance Sealing Inc.
- Ceetak Ltd.
- American High Performance Seals
