The Global Oil & Gas Processing Seals market is estimated to be USD 6.7 billion in 2020 and is projected to reach USD 8.4 billion by 2025
Toshit Bhawsar
CEO at HTF Market Intelligence | Market Research | Investment Analysis| Certified Market Professional
Scope of the Study
The increased production of shale gas in developing and developed countries is expected to drive the oil & gas processing seals market. The oil and gas processing seals help to prevent leakage of oil and gas. The seals used in the oil and gas processing are critical to the safe, reliable and efficient operation of a wide range of onshore and offshore equipment in an equally wide range of conditions. They are used in hot summer as well as cold winters. They have to resist service temperatures as low as -162 degree Celsius and as high as 900 degree Celsius. They have to handle system pressure 345 to 2070 bar, resist aggressive fluid media, sour gas and salt water as well as the injection of hot steam.
The market study is being classified by Type (Single Seal and Double Seal), by Application (Upstream, Midstream and Downstream) and major geographies with country level break-up.
Market Drivers
- Rising Demand from Oil and Gas and Chemicals and Petrochemical Industry in Developing Countries
- Increased Crude Oil Production
Market Trend
- Material Science Advancements
Restraints
- Gland Packaging and Seal-Less Pumps
Opportunities
- Discovery of New Oilfields
Challenges
- Specific Requirements from End-Use Industries
On 18th September 2018, John Crane, international rotating equipment specialist, launched its latest gas seal technology, which is designed to be retrofitted into centrifugal compressors with oil seals and cuts operating costs, improves reliability and reduces methane emissions by up to 95%.
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Key Target Audience
Oil and Gas Processing Seals Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Some of the key companies/manufacturers profiled in the report
- John Crane (United States)
- Freudenberg Group (Germany)
- Solenis (United States)
- Flowserve Corporation (United States)
- Parker Hannifin Corp (United States)
- Saint-Gobain (France)
- Trelleborg AB (Sweden)
- Precision Polymer Engineering (United Kingdom)
- DuPont (United States)
- Techno AD Ltd (Israel)
Additional players considered in the study are as follows:
M. Barnwell Services Limited (United Kingdom), Performance Sealing Inc. (United States), Ceetak Ltd (United Kingdom)
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