The oil & gas processing seals are deployed on pumps and mixers to remove possibilities of gas and liquids leakages. These seals help in offering extended service life as well as low friction for applications using extreme pressure over a wide-ranging temperature. The oil & gas processing seals can resist extreme weather conditions along with protecting cryogenic situations, chemical resistance, radiations, and rusting.
The rising investment in the exploration of new oil & gas fields, particularly in emerging economies worldwide, is driving the growth of the oil & gas processing seals market. Further, a growth in the oil & gas processing seals market is noticed from chemicals & petrochemicals industries in these developing economies. The use of these seals helps in improved efficiency oil production offshore, which is another major factor propelling the oil & gas processing seals market. However, the advent of seal-less pumps and gland packaging may hinder the growth of the oil & gas processing seals market.
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The global oil & gas processing seals market is segmented on the basis of material, seal type, and application. Based on the material, the market is segmented into metal, elastomer, seal face material, and others. Further, the seal type segment of oil & gas processing seals market is bifurcated into single seal and double seal. By application, the oil & gas processing seals market is categorized into upstream, midstream, and downstream.
The report also includes the profiles of key oil & gas processing seals companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Flowserve Corporation
- Freudenberg Group
- John Crane
- M.Barnwell Services Limited
- Parker Hannifin Corp
- Precision Polymer Engineering
- Techno AD Ltd.
- Trelleborg AB
The report analyzes factors affecting the oil & gas processing seals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the oil & gas processing seals market in these regions.
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
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- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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