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2023
Oil & Gas Seals Market

Oil & Gas Seals Market

by Type (Single Processing Seals, Double Processing Seals), by Material (Metal, Elostomers, Face Materials), by Application (Upstream, Midstream, Downstream): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A16099
Feb 2023 | Pages: 293
Tables: 108
Charts: 53
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Oil & Gas Seals Market Research, 2031

The global oil & gas seals market was valued at $6.3 billion in 2021, and is projected to reach $8.1 billion by 2031, growing at a CAGR of 2.6% from 2022 to 2031. A seal is a relatively impermeable layer of rock that forms a barrier or cap above and around a reservoir rock. A seal, which is commonly made of shale, chalks, clays, anhydrite, or salt, prevents fluids from migrating beyond the reservoir. The increase in demand for energy, growing exploration and production of oil & gas, and increasing use of hydraulic fracturing in unconventional oil & gas production are the major factors projected to drive the market growth. Other factors that contribute to the growth of the market include the increase in demand for cost-effective and environmentally friendly solutions, the rise in the use of high-performance materials in the production of seals, and an increase in focus on the maintenance and repair of aging oil & gas infrastructure. The oil & gas seals industry has grown significantly in recent years and is expected to continue in the future, owing to an increase in investments in oil & gas exploration activities around the globe

Numerous businesses have been touched by the COVID-19 epidemic, but the oil and gas sector has been most badly hit. The coronavirus outbreak led businesses to scale back operations and, in some circumstances, shut down industrial sites. The production slowdown resulted in a decline in demand for oil & gas processing sealing solutions.

Oil & Gas Seals Market

The regulatory environment for the oil & gas industry is highly complex and stringent, requiring companies to adhere to strict standards for product quality and safety. This can also add to the cost of production, further limiting the entry of small and medium-sized companies into the market. Furthermore, the high capital investment required to produce oil & gas seals is a significant limitation to the growth of the market, especially for small and medium-sized companies. This can result in fewer players in the market, leading to decreased competition and higher prices for the end-users. All these factors are expected to hinder the market growth during the forecast period.

Increase in energy demand has led to rising exploration and production activities, leading to an increase in demand for oil & gas seals. These seals are essential in ensuring the safe and efficient functioning of oil & gas production and transportation systems. Therefore, the oil & gas seals market is expected to grow significantly in the upcoming years. With the growing energy demand, new oil & gas reserves are being discovered and used, leading to the expansion of production activities. This has resulted in the need for advanced and reliable sealing solutions, driving the oil & gas seals market growth in the upcoming years.

The key players profiled in this report include AMG Sealing Limited, BRUSS Sealing Systems GmbH, Cooper Standard, Daetwyler Holding Inc., Dana Limited, ElringKlinger AG, Flowserve Corporation, Freudenberg Sealing Technologies, GARLOCK FAMILY OF COMPANIES, and KLINGER Holding GmbH.

The oil & gas seals market is segmented on the basis of type, material, application, and region. By type, the market is divided into single processing seals and double processing seals. By material, the market is classified into metal, elastomers, and face materials. By application, the market is classified into upstream, midstream, and downstream. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The oil & gas seals market is segmented into Type, Material and Application.

Oil & Gas Seals Market

By type, the double processing seals segment is estimated to show the fastest growth during the forecast period. Double seals are effective for high pressure and temperature and are frequently used to keep items from spilling out. These seals assist to reduce the waste of expensive liquids and also serve as an alternative when the process fluid is not stable and consistently lubricated. Double seals give a degree of safety emissions compliance that single seals do not. This is important when pumping or mixing a potentially dangerous or toxic chemical. These are predicted to be the major factors affecting the oil & gas seals market during the forecast period.

Oil & Gas Seals Market

By material, the metal sub-segment dominated the global oil & gas seals market share in 2021. The growth of this sub-segment can be attributed to the use of Oil & gas seals for circumstances when high temperatures are required. Metal seals are impermeable and can withstand severe temperatures and pressures. Furthermore, they are used in extreme environmental situations to protect against corrosion, cryogenic temperatures, chemical resistance, and radiation. Oil & gas materials such as metal are bound to create a scope of growth for the sub-segment during the forecast period.

Oil & Gas Seals Market

By application, the downstream sub-segment dominated the market in 2021. Oil & gas processing seals are significantly used in the downstream process to transport and store them in various containers. Furthermore, seals of various types are necessary for reactors, extraction chambers, and distillation chambers to prevent leakage. The downstream process includes the final refining and market distribution of oil & gas products. Throughout this technique, highly harsh chemistry is utilized, necessitating the usage of specially developed sealing solutions. These are predicted to be the major factors affecting the oil & gas seals market during the forecast period.

Oil & Gas Seals Market

By region, Asia-Pacific is projected to be the fastest-growing region during the forecast period. This is mostly due to an increase in industrial investment and the recent discovery of significant oil & gas deposits. In APAC, China and India are anticipated to witness the fastest rise in demand and revenue. This is mostly due to an increase in industrial investment and the recent discovery of significant oil & gas deposits. As the oil & gas sector grows, demand for more durable, high-performance seals increases. Many facilities are being constructed to accommodate the increase in oil & gas production in the region. These are predicted to be the major factors in this region affecting the oil & gas seals market size during the forecast period.

Impact of COVID-19 on the Global Oil & Gas Seals Industry

  • The COVID-19 pandemic had a significant impact on the oil & gas seals market. The reduction in demand for oil & gas products, due to the lockdowns and travel restrictions, led to a decrease in the demand for oil & gas seals.
  • China is the leading producer and exporter of raw materials such as metal, elastomers, and feedstock required for oil & gas seal production. However, China being the epicenter of the coronavirus pandemic, its export was affected, leading to a decline in oil & gas seals production. In addition, supply chain disruptions caused by the pandemic also affected the market.
  • However, this in turn led to a slowdown in the production and sales of oil & gas seals industry was greatly affected owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic
  • The economic slowdown has affected the setup of new oil & gas seals projects across the world as the majority of government funding was diverted towards the healthcare sector owing to the rapid spread of the COVID-19 virus, impacting the market to the great extent

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the oil & gas seals market forecast, segments, current trends, estimations, and dynamics of the oil & gas seals market analysis from 2021 to 2031 to identify the prevailing oil & gas seals market opportunities.
  • Market research is offered along with information related to key oil & gas seals market opportunity, drivers, and restraints.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the oil & gas seals market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global oil & gas seals market trends, key players, market segments, application areas, and market growth strategies.

Oil & Gas Seals Market Report Highlights

Aspects Details
Market Size By 2031 USD 8.1 billion
Growth Rate CAGR of 2.6%
Forecast period 2021 - 2031
Report Pages 293
By Type
  • Single Processing Seals
  • Double Processing Seals
By Material
  • Metal
  • Elostomers
  • Face Materials
By Application
  • Upstream
  • Midstream
  • Downstream
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Flowserve Corporation , NAK Sealing Technologies Corporation , Trelleborg AB , john crane, Freudenberg Group , EnPro Industries , Hallite Seals , Sinoseal Holding Co., Ltd. , EagleBurgmann , Parker Hannifin Corporation
 
  • CHAPTER 1: INTRODUCTION

    • 1.1. Report description

    • 1.2. Key market segments

    • 1.3. Key benefits to the stakeholders

    • 1.4. Research Methodology

      • 1.4.1. Primary research

      • 1.4.2. Secondary research

      • 1.4.3. Analyst tools and models

  • CHAPTER 2: EXECUTIVE SUMMARY

    • 2.1. CXO Perspective

  • CHAPTER 3: MARKET OVERVIEW

    • 3.1. Market definition and scope

    • 3.2. Key findings

      • 3.2.1. Top impacting factors

      • 3.2.2. Top investment pockets

    • 3.3. Porter’s five forces analysis

    • 3.4. Market dynamics

      • 3.4.1. Drivers

      • 3.4.2. Restraints

      • 3.4.3. Opportunities

    • 3.5. COVID-19 Impact Analysis on the market

    • 3.6. Key Regulation Analysis

    • 3.7. Market Share Analysis

    • 3.8. Patent Landscape

    • 3.9. Value Chain Analysis

  • CHAPTER 4: OIL & GAS SEALS MARKET, BY TYPE

    • 4.1. Overview

      • 4.1.1. Market size and forecast

    • 4.2. Single Processing Seals

      • 4.2.1. Key market trends, growth factors and opportunities

      • 4.2.2. Market size and forecast, by region

      • 4.2.3. Market share analysis by country

    • 4.3. Double Processing Seals

      • 4.3.1. Key market trends, growth factors and opportunities

      • 4.3.2. Market size and forecast, by region

      • 4.3.3. Market share analysis by country

  • CHAPTER 5: OIL & GAS SEALS MARKET, BY MATERIAL

    • 5.1. Overview

      • 5.1.1. Market size and forecast

    • 5.2. Metal

      • 5.2.1. Key market trends, growth factors and opportunities

      • 5.2.2. Market size and forecast, by region

      • 5.2.3. Market share analysis by country

    • 5.3. Elostomers

      • 5.3.1. Key market trends, growth factors and opportunities

      • 5.3.2. Market size and forecast, by region

      • 5.3.3. Market share analysis by country

    • 5.4. Face Materials

      • 5.4.1. Key market trends, growth factors and opportunities

      • 5.4.2. Market size and forecast, by region

      • 5.4.3. Market share analysis by country

  • CHAPTER 6: OIL & GAS SEALS MARKET, BY APPLICATION

    • 6.1. Overview

      • 6.1.1. Market size and forecast

    • 6.2. Upstream

      • 6.2.1. Key market trends, growth factors and opportunities

      • 6.2.2. Market size and forecast, by region

      • 6.2.3. Market share analysis by country

    • 6.3. Midstream

      • 6.3.1. Key market trends, growth factors and opportunities

      • 6.3.2. Market size and forecast, by region

      • 6.3.3. Market share analysis by country

    • 6.4. Downstream

      • 6.4.1. Key market trends, growth factors and opportunities

      • 6.4.2. Market size and forecast, by region

      • 6.4.3. Market share analysis by country

  • CHAPTER 7: OIL & GAS SEALS MARKET, BY REGION

    • 7.1. Overview

      • 7.1.1. Market size and forecast By Region

    • 7.2. North America

      • 7.2.1. Key trends and opportunities

      • 7.2.2. Market size and forecast, by Type

      • 7.2.3. Market size and forecast, by Material

      • 7.2.4. Market size and forecast, by Application

      • 7.2.5. Market size and forecast, by country

        • 7.2.5.1. U.S.
          • 7.2.5.1.1. Key market trends, growth factors and opportunities
          • 7.2.5.1.2. Market size and forecast, by Type
          • 7.2.5.1.3. Market size and forecast, by Material
          • 7.2.5.1.4. Market size and forecast, by Application
        • 7.2.5.2. Canada
          • 7.2.5.2.1. Key market trends, growth factors and opportunities
          • 7.2.5.2.2. Market size and forecast, by Type
          • 7.2.5.2.3. Market size and forecast, by Material
          • 7.2.5.2.4. Market size and forecast, by Application
        • 7.2.5.3. Mexico
          • 7.2.5.3.1. Key market trends, growth factors and opportunities
          • 7.2.5.3.2. Market size and forecast, by Type
          • 7.2.5.3.3. Market size and forecast, by Material
          • 7.2.5.3.4. Market size and forecast, by Application
    • 7.3. Europe

      • 7.3.1. Key trends and opportunities

      • 7.3.2. Market size and forecast, by Type

      • 7.3.3. Market size and forecast, by Material

      • 7.3.4. Market size and forecast, by Application

      • 7.3.5. Market size and forecast, by country

        • 7.3.5.1. UK
          • 7.3.5.1.1. Key market trends, growth factors and opportunities
          • 7.3.5.1.2. Market size and forecast, by Type
          • 7.3.5.1.3. Market size and forecast, by Material
          • 7.3.5.1.4. Market size and forecast, by Application
        • 7.3.5.2. Germany
          • 7.3.5.2.1. Key market trends, growth factors and opportunities
          • 7.3.5.2.2. Market size and forecast, by Type
          • 7.3.5.2.3. Market size and forecast, by Material
          • 7.3.5.2.4. Market size and forecast, by Application
        • 7.3.5.3. France
          • 7.3.5.3.1. Key market trends, growth factors and opportunities
          • 7.3.5.3.2. Market size and forecast, by Type
          • 7.3.5.3.3. Market size and forecast, by Material
          • 7.3.5.3.4. Market size and forecast, by Application
        • 7.3.5.4. Spain
          • 7.3.5.4.1. Key market trends, growth factors and opportunities
          • 7.3.5.4.2. Market size and forecast, by Type
          • 7.3.5.4.3. Market size and forecast, by Material
          • 7.3.5.4.4. Market size and forecast, by Application
        • 7.3.5.5. Italy
          • 7.3.5.5.1. Key market trends, growth factors and opportunities
          • 7.3.5.5.2. Market size and forecast, by Type
          • 7.3.5.5.3. Market size and forecast, by Material
          • 7.3.5.5.4. Market size and forecast, by Application
        • 7.3.5.6. Rest of Europe
          • 7.3.5.6.1. Key market trends, growth factors and opportunities
          • 7.3.5.6.2. Market size and forecast, by Type
          • 7.3.5.6.3. Market size and forecast, by Material
          • 7.3.5.6.4. Market size and forecast, by Application
    • 7.4. Asia-Pacific

      • 7.4.1. Key trends and opportunities

      • 7.4.2. Market size and forecast, by Type

      • 7.4.3. Market size and forecast, by Material

      • 7.4.4. Market size and forecast, by Application

      • 7.4.5. Market size and forecast, by country

        • 7.4.5.1. China
          • 7.4.5.1.1. Key market trends, growth factors and opportunities
          • 7.4.5.1.2. Market size and forecast, by Type
          • 7.4.5.1.3. Market size and forecast, by Material
          • 7.4.5.1.4. Market size and forecast, by Application
        • 7.4.5.2. Japan
          • 7.4.5.2.1. Key market trends, growth factors and opportunities
          • 7.4.5.2.2. Market size and forecast, by Type
          • 7.4.5.2.3. Market size and forecast, by Material
          • 7.4.5.2.4. Market size and forecast, by Application
        • 7.4.5.3. India
          • 7.4.5.3.1. Key market trends, growth factors and opportunities
          • 7.4.5.3.2. Market size and forecast, by Type
          • 7.4.5.3.3. Market size and forecast, by Material
          • 7.4.5.3.4. Market size and forecast, by Application
        • 7.4.5.4. South Korea
          • 7.4.5.4.1. Key market trends, growth factors and opportunities
          • 7.4.5.4.2. Market size and forecast, by Type
          • 7.4.5.4.3. Market size and forecast, by Material
          • 7.4.5.4.4. Market size and forecast, by Application
        • 7.4.5.5. Australia
          • 7.4.5.5.1. Key market trends, growth factors and opportunities
          • 7.4.5.5.2. Market size and forecast, by Type
          • 7.4.5.5.3. Market size and forecast, by Material
          • 7.4.5.5.4. Market size and forecast, by Application
        • 7.4.5.6. Rest of Asia-Pacific
          • 7.4.5.6.1. Key market trends, growth factors and opportunities
          • 7.4.5.6.2. Market size and forecast, by Type
          • 7.4.5.6.3. Market size and forecast, by Material
          • 7.4.5.6.4. Market size and forecast, by Application
    • 7.5. LAMEA

      • 7.5.1. Key trends and opportunities

      • 7.5.2. Market size and forecast, by Type

      • 7.5.3. Market size and forecast, by Material

      • 7.5.4. Market size and forecast, by Application

      • 7.5.5. Market size and forecast, by country

        • 7.5.5.1. Brazil
          • 7.5.5.1.1. Key market trends, growth factors and opportunities
          • 7.5.5.1.2. Market size and forecast, by Type
          • 7.5.5.1.3. Market size and forecast, by Material
          • 7.5.5.1.4. Market size and forecast, by Application
        • 7.5.5.2. UAE
          • 7.5.5.2.1. Key market trends, growth factors and opportunities
          • 7.5.5.2.2. Market size and forecast, by Type
          • 7.5.5.2.3. Market size and forecast, by Material
          • 7.5.5.2.4. Market size and forecast, by Application
        • 7.5.5.3. Saudi Arabia
          • 7.5.5.3.1. Key market trends, growth factors and opportunities
          • 7.5.5.3.2. Market size and forecast, by Type
          • 7.5.5.3.3. Market size and forecast, by Material
          • 7.5.5.3.4. Market size and forecast, by Application
        • 7.5.5.4. South Africa
          • 7.5.5.4.1. Key market trends, growth factors and opportunities
          • 7.5.5.4.2. Market size and forecast, by Type
          • 7.5.5.4.3. Market size and forecast, by Material
          • 7.5.5.4.4. Market size and forecast, by Application
        • 7.5.5.5. Rest of LAMEA
          • 7.5.5.5.1. Key market trends, growth factors and opportunities
          • 7.5.5.5.2. Market size and forecast, by Type
          • 7.5.5.5.3. Market size and forecast, by Material
          • 7.5.5.5.4. Market size and forecast, by Application
  • CHAPTER 8: COMPETITIVE LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Top player positioning, 2021

  • CHAPTER 9: COMPANY PROFILES

    • 9.1. Parker Hannifin Corporation

      • 9.1.1. Company overview

      • 9.1.2. Key Executives

      • 9.1.3. Company snapshot

    • 9.2. Flowserve Corporation 

      • 9.2.1. Company overview

      • 9.2.2. Key Executives

      • 9.2.3. Company snapshot

    • 9.3. Freudenberg Group 

      • 9.3.1. Company overview

      • 9.3.2. Key Executives

      • 9.3.3. Company snapshot

    • 9.4. Trelleborg AB 

      • 9.4.1. Company overview

      • 9.4.2. Key Executives

      • 9.4.3. Company snapshot

    • 9.5. Sinoseal Holding Co., Ltd. 

      • 9.5.1. Company overview

      • 9.5.2. Key Executives

      • 9.5.3. Company snapshot

    • 9.6. Hallite Seals 

      • 9.6.1. Company overview

      • 9.6.2. Key Executives

      • 9.6.3. Company snapshot

    • 9.7. NAK Sealing Technologies Corporation 

      • 9.7.1. Company overview

      • 9.7.2. Key Executives

      • 9.7.3. Company snapshot

    • 9.8. EnPro Industries 

      • 9.8.1. Company overview

      • 9.8.2. Key Executives

      • 9.8.3. Company snapshot

    • 9.9. john crane

      • 9.9.1. Company overview

      • 9.9.2. Key Executives

      • 9.9.3. Company snapshot

    • 9.10. EagleBurgmann 

      • 9.10.1. Company overview

      • 9.10.2. Key Executives

      • 9.10.3. Company snapshot

  • LIST OF TABLES

  • TABLE 01. GLOBAL OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 02. OIL & GAS SEALS MARKET FOR SINGLE PROCESSING SEALS, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 03. OIL & GAS SEALS MARKET FOR DOUBLE PROCESSING SEALS, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 04. GLOBAL OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 05. OIL & GAS SEALS MARKET FOR METAL, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 06. OIL & GAS SEALS MARKET FOR ELOSTOMERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 07. OIL & GAS SEALS MARKET FOR FACE MATERIALS, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 08. GLOBAL OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 09. OIL & GAS SEALS MARKET FOR UPSTREAM, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 10. OIL & GAS SEALS MARKET FOR MIDSTREAM, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 11. OIL & GAS SEALS MARKET FOR DOWNSTREAM, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 12. OIL & GAS SEALS MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
    TABLE 13. NORTH AMERICA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 14. NORTH AMERICA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 15. NORTH AMERICA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 16. NORTH AMERICA OIL & GAS SEALS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
    TABLE 17. U.S. OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 18. U.S. OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 19. U.S. OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 20. CANADA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 21. CANADA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 22. CANADA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 23. MEXICO OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 24. MEXICO OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 25. MEXICO OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 26. EUROPE OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 27. EUROPE OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 28. EUROPE OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 29. EUROPE OIL & GAS SEALS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
    TABLE 30. UK OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 31. UK OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 32. UK OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 33. GERMANY OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 34. GERMANY OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 35. GERMANY OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 36. FRANCE OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 37. FRANCE OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 38. FRANCE OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 39. SPAIN OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 40. SPAIN OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 41. SPAIN OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 42. ITALY OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 43. ITALY OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 44. ITALY OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 45. REST OF EUROPE OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 46. REST OF EUROPE OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 47. REST OF EUROPE OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 48. ASIA-PACIFIC OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 49. ASIA-PACIFIC OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 50. ASIA-PACIFIC OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 51. ASIA-PACIFIC OIL & GAS SEALS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
    TABLE 52. CHINA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 53. CHINA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 54. CHINA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 55. JAPAN OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 56. JAPAN OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 57. JAPAN OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 58. INDIA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 59. INDIA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 60. INDIA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 61. SOUTH KOREA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 62. SOUTH KOREA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 63. SOUTH KOREA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 64. AUSTRALIA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 65. AUSTRALIA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 66. AUSTRALIA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 67. REST OF ASIA-PACIFIC OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 68. REST OF ASIA-PACIFIC OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 69. REST OF ASIA-PACIFIC OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 70. LAMEA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 71. LAMEA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 72. LAMEA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 73. LAMEA OIL & GAS SEALS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
    TABLE 74. BRAZIL OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 75. BRAZIL OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 76. BRAZIL OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 77. UAE OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 78. UAE OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 79. UAE OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 80. SAUDI ARABIA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 81. SAUDI ARABIA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 82. SAUDI ARABIA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 83. SOUTH AFRICA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 84. SOUTH AFRICA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 85. SOUTH AFRICA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 86. REST OF LAMEA OIL & GAS SEALS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
    TABLE 87. REST OF LAMEA OIL & GAS SEALS MARKET, BY MATERIAL, 2021-2031 (REVENUE, $MILLION)
    TABLE 88. REST OF LAMEA OIL & GAS SEALS MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
    TABLE 89. PARKER HANNIFIN CORPORATION: KEY EXECUTIVES
    TABLE 90. PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
    TABLE 91. FLOWSERVE CORPORATION : KEY EXECUTIVES
    TABLE 92. FLOWSERVE CORPORATION : COMPANY SNAPSHOT
    TABLE 93. FREUDENBERG GROUP : KEY EXECUTIVES
    TABLE 94. FREUDENBERG GROUP : COMPANY SNAPSHOT
    TABLE 95. TRELLEBORG AB : KEY EXECUTIVES
    TABLE 96. TRELLEBORG AB : COMPANY SNAPSHOT
    TABLE 97. SINOSEAL HOLDING CO., LTD. : KEY EXECUTIVES
    TABLE 98. SINOSEAL HOLDING CO., LTD. : COMPANY SNAPSHOT
    TABLE 99. HALLITE SEALS : KEY EXECUTIVES
    TABLE 100. HALLITE SEALS : COMPANY SNAPSHOT
    TABLE 101. NAK SEALING TECHNOLOGIES CORPORATION : KEY EXECUTIVES
    TABLE 102. NAK SEALING TECHNOLOGIES CORPORATION : COMPANY SNAPSHOT
    TABLE 103. ENPRO INDUSTRIES : KEY EXECUTIVES
    TABLE 104. ENPRO INDUSTRIES : COMPANY SNAPSHOT
    TABLE 105. JOHN CRANE: KEY EXECUTIVES
    TABLE 106. JOHN CRANE: COMPANY SNAPSHOT
    TABLE 107. EAGLEBURGMANN : KEY EXECUTIVES
    TABLE 108. EAGLEBURGMANN : COMPANY SNAPSHOT
  • LIST OF FIGURES

  • FIGURE 01. OIL & GAS SEALS MARKET, 2021-2031
    FIGURE 02. SEGMENTATION OF OIL & GAS SEALS MARKET, 2021-2031
    FIGURE 03. TOP INVESTMENT POCKETS IN OIL & GAS SEALS MARKET (2022-2031)
    FIGURE 04. PORTER FIVE-1
    FIGURE 05. PORTER FIVE-2
    FIGURE 06. PORTER FIVE-3
    FIGURE 07. PORTER FIVE-4
    FIGURE 08. PORTER FIVE-5
    FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALOIL & GAS SEALS MARKET
    FIGURE 10. IMPACT OF KEY REGULATION: OIL & GAS SEALS MARKET
    FIGURE 11. MARKET SHARE ANALYSIS: OIL & GAS SEALS MARKET
    FIGURE 12. PATENT ANALYSIS BY COMPANY
    FIGURE 13. PATENT ANALYSIS BY COUNTRY
    FIGURE 14. VALUE CHAIN ANALYSIS: OIL & GAS SEALS MARKET
    FIGURE 15. OIL & GAS SEALS MARKET, BY TYPE, 2021(%)
    FIGURE 16. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR SINGLE PROCESSING SEALS, BY COUNTRY 2021-2031(%)
    FIGURE 17. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR DOUBLE PROCESSING SEALS, BY COUNTRY 2021-2031(%)
    FIGURE 18. OIL & GAS SEALS MARKET, BY MATERIAL, 2021(%)
    FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR METAL, BY COUNTRY 2021-2031(%)
    FIGURE 20. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR ELOSTOMERS, BY COUNTRY 2021-2031(%)
    FIGURE 21. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR FACE MATERIALS, BY COUNTRY 2021-2031(%)
    FIGURE 22. OIL & GAS SEALS MARKET, BY APPLICATION, 2021(%)
    FIGURE 23. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR UPSTREAM, BY COUNTRY 2021-2031(%)
    FIGURE 24. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR MIDSTREAM, BY COUNTRY 2021-2031(%)
    FIGURE 25. COMPARATIVE SHARE ANALYSIS OF OIL & GAS SEALS MARKET FOR DOWNSTREAM, BY COUNTRY 2021-2031(%)
    FIGURE 26. OIL & GAS SEALS MARKET BY REGION, 2021
    FIGURE 27. U.S. OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 28. CANADA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 29. MEXICO OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 30. UK OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 31. GERMANY OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 32. FRANCE OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 33. SPAIN OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 34. ITALY OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 35. REST OF EUROPE OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 36. CHINA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 37. JAPAN OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 38. INDIA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 39. SOUTH KOREA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 40. AUSTRALIA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 41. REST OF ASIA-PACIFIC OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 42. BRAZIL OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 43. UAE OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 44. SAUDI ARABIA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 45. SOUTH AFRICA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 46. REST OF LAMEA OIL & GAS SEALS MARKET, 2021-2031 ($MILLION)
    FIGURE 47. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 48. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 49. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 50. PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 51. COMPETITIVE DASHBOARD
    FIGURE 52. COMPETITIVE HEATMAP: OIL & GAS SEALS MARKET
    FIGURE 53. TOP PLAYER POSITIONING, 2021

 
 

An increase in oil exploration and production is projected to drive the market growth. The developing oil & gas, chemical, and petrochemical sectors are expected to boost demand for oil & gas processing seals soon. Emerging countries are aggressively attempting to adopt cutting-edge petroleum technology and manufacturing practices. The substantial capital expenditure necessary to create oil & gas seals is a significant impediment to industry expansion, particularly for small and medium-sized businesses. This may result in fewer participants in the market, resulting in less competition and higher pricing for end-users, which are predicted to hinder the industry growth. Furthermore, the oil & gas industry's growing emphasis on reducing its carbon impact is boosting demand for energy-efficient and sustainable seals.

Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the market by the end of 2031, followed by LAMEA, North America, and Europe. Rapid industrialization and urbanization are the key factors responsible for the leading position of Asia-Pacific and LAMEA  in the global oil & gas seals market.

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FREQUENTLY ASKED QUESTIONS?

A. Rising investment in the exploration of new oil & gas fields, particularly in emerging economies around the world, is propelling the oil & gas processing seals market forward. Furthermore, the chemical and petrochemical industries are driving growth in the oil & gas processing seals market in these developing economies. The use of these seals contributes to improved offshore oil production efficiency, which is another major factor driving the oil & gas processing seals market.

A. The downstream sub-segment of the application acquired the maximum share of the global oil & gas seals market in 2021.

A. The growing application of oil & gas seals in energy, the growing exploration and production of oil & gas, and the increasing use of hydraulic fracturing in unconventional oil & gas production are anticipated to boost the oil & gas seals market in the upcoming years.

A. Asia-Pacific will provide more business opportunities for the global oil & gas seals market in the future.

A. AMG Sealing Limited, BRUSS Sealing Systems GmbH, Cooper Standard, Daetwyler Holding Inc., Dana Limited, ElringKlinger AG, Flowserve Corporation, Freudenberg Sealing Technologies, GARLOCK FAMILY OF COMPANIES, and KLINGER Holding GmbH are the major players in the oil & gas seals market.

A. The major growth strategies adopted by oil & gas seals market players are investment and agreement.

A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global oil & gas seals market from 2022 to 2031 to determine the prevailing opportunities.

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