Dublin, December 21, 2020 (GLOBE NEWSWIRE) – Added to the report “Oil and Gas Process Seal Market – Global Outlook and 2020-2025 Outlook” ResearchAndMarkets.com’s offering.
In-depth analysis and data insight on the impact of COVID-19 included in this Global Oil and Gas Process Seal Market Report
The oil and gas processing seal market is expected to grow by revenue at a CAGR of over 2% in the period 2020-2025.
A number of seal manufacturers place a strong focus on design and efficiency innovations. Growing investments and recent discoveries in oil fields in emerging countries such as India, Australia and Brazil are expected to increase sealing solutions over the period. which is expected. With the growing awareness of sustainability across the globe, oil and gas seal manufacturing companies are embracing innovative manufacturing practices and technologies. Acceptance of manufacturing is expected to provide high precision and access to raw materials for seal manufacturing.
The COVID-19 revolution has hit a number of industries; however, the oil and gas industry has deteriorated. The spread of the coronavirus has led several companies to slow down their production, and, in many cases, production sites have been closed. Therefore, the demand for oil and gas processing sealing solutions has declined to some extent due to slow growth. The global oil and gas processing seal industry is focused on improving efficiency and productivity, particularly in the Middle East and Africa, and North America.
Global oil and gas processing seal market seal
In terms of material type, elastomer seals hold the largest share of the global oil and gas processing seal market and are expected to continue to grow. In terms of geography, APAC has the highest share in the elastomeric market due to the growing demand from oil and gas and other related industries. Due to the cost-effective nature of the material, high elasticity, and high resistance to chemicals, elastomeric demand is expected to increase over the expected, albeit moderate, period. However, low tolerance to high pressure and temperature of thermoplastics tends to inhibit the growth potential of the elastomeric region.
The downstream industry makes up the highest proportion of the world’s oil and gas industry. Geographically, the Middle East and Africa region accounted for the largest share of the global oil and gas processing seal market in 2019. However, North America and APAC are expected to grow steadily during the year. expected time. Demand for diesel in India is expected to almost double by 2030. Moreover, favorable government regulations, such as 100% FDI in India’s private distilling projects sector, are a key reason for the growth of APAC’s downstream industry.
INSIGHTS BY VENDORS
The global oil and gas processing seal market is highly fragmented due to a number of vendors based across regions. Vendors in the market adopt a number of strategies to deal with stiff competition among players who offer their products with high efficiency across all downstream, upstream and midstream oil and gas application industries. Unions and market gains are constantly monitored to gain opportunities for scale and breadth. Many companies are also aiming to launch innovative products to strengthen their market position resulting in a highly competitive landscape.
Famous sellers
- EnPro Industries
- Corporra Flowserve
- Iain Crane
- Parker-Hannifin Corporation
- Corporra Idex
- Trelleborg
Other reputable vendors
- Freudenberg Oil and Gas Technologies
- Services of M. Barnwell
- Green Print
- CDI energy outputs
- Aesseal
- Saint-Gobain
- Techno AD
Key topics covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market definition
4.2 Foundation Year
4.3 Scope of the Audit
5 Describe assumptions & caves
5.1 Main Caves
5.2 Conversion of Money
5.3 Market yield
6 Market eye
7 Introduction
7.1 Preview
7.2 Impact of COVID-19
7.3 Global Economy: 2019
7.4 Global Oil and Gas Industry Outlook
8 Market Opportunities and Trends
8.1 Oil-filled innovation
8.2 Improvements in seal products in line with challenging environment
8.3 Adoption of Enhanced Oil Recovery Technology (EOR)
9 Enable Market Growth
9.1 Increasing upstream production activity
9.2 Global large quantities of oil and gas
9.3 Unconventional Oil Production in the US & Overseas
10 Market barriers
10.1 Transition to Renewable Energy & Other Sources
10.2 Adverse effects of COVID-19
11 Market landscape
11.1 Market outlook
11.2 Market Size & Outlook
11.3 Five Force Audit
12 Stuth
12.1 Market Snapshot & Growth Engine
12.2 Market outlook
12.3 Elastomers
12.4 Thermoplastics
12.5 Other
13 Result
13.1 Market Snapshot & Growth Engine
13.2 Market outlook
13.3 O-Circles
13.4 U Cup Seals.
13.5 Backup Circles
13.6 Vigorous spring seals
13.7 Other
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market outlook
14.3 Downstream Oil and Gas Industry
14.4 Oil and Gas Industry above
14.5 Midstream Oil and Gas Industry
15 Geography
15.1 Marketplace Snapshot & Growth Engine
15.2 Geographical Outlook
Competitive Landscape
- EnPro Industries
- Corporra Flowserve
- Iain Crane
- Parker-Hannifin Corporation
- Corporra Idex
- Trelleborg
Other reputable vendors
- Freudenberg Oil and Gas Technologies
- Services of M. Barnwell
- Green Print
- CDI energy outputs
- Aesseal
- Saint-Gobain
- Techno AD
For more information about this report, visit https://www.researchandmarkets.com/r/7i1is0
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