Growing Pipeline Networks to Stimulate Oil & Gas Gaskets Market
Extraction of natural gas, such as shale gas and soaring prices of oil are increasing inter-regional trade in natural gas. Hence, transport and storage volumes of gas and oil are rising. Stringent environmental norms and an uptick in consumption of natural gas & oil is expected to fuel the growth of pipelines. These developments will lead to high demand growth of gaskets in pipelines. Gaskets are used in pipelines as mechanical seals which fills the space between two or more mating surfaces and prevents leakage from joined objects under compression. Thus, rising number of greenfield and brownfield pipeline projects have driven the global oil and gas gaskets market.
Oil & gas gaskets are estimated to create an absolute dollar opportunity worth US$ 377.7 Mn and are foreseen to cross the US$ 1.5 Bn mark by the end of the forecast period (2019-2029). However, spiral wound gaskets are foreseen to grow around 3X faster than the kammoprofile gaskets during the forecast period.
Downstream Segment Estimated to Capture Major Chunk of Oil & Gas Gaskets Demand Pie
These gaskets are used in compound and petrochemical enterprises like refineries for high-pressure framework applications such as channeling frameworks, joint associations, and ribs. Global refinery capacity is expanding steadily, as most of new capacity demand is being developed in the Asia-Pacific and the Middle East. In an attempt to capitalize on Asian oil demand, refineries are investing in larger refineries and expanding the existing ones, particularly in China and South Asia. China is increasing its refining capacity by 27 million tons to reach 887 million tons in 2020, to push exports of natural gas by 18%. Thus, with the rapid expansion in refineries it is estimated that global oil & gas gaskets market is poised to see an upward trend in the coming years.
Owing to an increase in the capacity of new refineries, the downstream segment is expected to cross US$ 1 Bn mark by the end of the decade by contributing over 65% in the overall value opportunity. On the other hand, the midstream segment is estimated to create an absolute dollar opportunity worth US$ 88 Mn and is expected to capture a market share of 21% by the end of the forecast period.
China to Lead with three-fourth Share, with Heightened Investment in Pipeline Infrastructure
China imports a large quantity of natural gas because of insufficient domestic production. China’s reliance on natural gas imports are rising sharply with the rapidly growing import volume of natural gas. China is building long distance natural gas pipelines to facilitate the transportation and allocation of natural gas. Construction of six pipeline networks in eastern, western and northern parts of Guangdong has started and is planned to be completed by 2020. Increase in pipelines networks for importing natural gas will raise the demand of gaskets as it is used as mechanical seals to prevent leakage.
East Asia is estimated to create an absolute dollar opportunity worth US$ 118.9 Mn, through the forecast duration. Furthermore, owing to the optimistic outlook, import of natural gas in China Japan and South Korea, the region is forecasted to account for over 26% in the overall value opportunity created in the global oil & gas gaskets market.
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Expansion: Key Growth Influencer within Oil & Gas Gaskets Services Market
Industry leaders are continuously focusing on expansion to increase their geographic presence, and business operations and their share within the market
- In 2019, the Flexitallic expanded its operation in Aberdeen, which enabled it to provide increased support to its consumers in North American. Flexitallic Group also aims to expand its gasket stockholding and workshop capabilities.
- In 2018, Garlock opened a new office named Garlock & Technetics Group in Suzhou, China. With this expansion, the company strives to build a better relationship with Chinese customers in the fields of energy, steel, chemical, and pulp & paper.
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Global Oil & Gas Gaskets Market - Scope of the Report
Fact.MR recently published a market study on the global market for oil & gas gaskets. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the oil & gas gaskets market structure. The market study presents exclusive information about how the Oil & Gas Gaskets market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the oil & gas gaskets market in the forecast period.
The study is relevant for stakeholders in the oil & gas gaskets market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the oil & gas gaskets market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the oil & gas gaskets market. It also offers actionable insights based on future trends in the oil & gas gaskets market. Furthermore, small businesses and new entrants in the oil & gas gaskets market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Oil & Gas Gaskets Market
Fact.MR’s study on the oil & gas gaskets market offers information divided into four key segments— product type, material, application, end use and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
|
Kammoprofile |
Non-Metallic |
Diesel Generators |
Downstream |
Europe |
|
Ring Joint Gaskets |
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Heat Exchangers |
East Asia |
|
|
Corrugated Gaskets |
|
Valves |
|
South Asia & Oceania |
|
Jacketed Gaskets |
|
Manifold, Wellhead and Christmas Tree |
|
Middle East & Africa (MEA) |
|
Others |
|
Others |
|
|
Key Questions Answered in Fact.MR’s Oil & Gas Gaskets Market Report
- Which regions will continue to remain the most profitable regional markets for oil & gas gaskets market players?
- Which factors will induce a change in the demand for oil & gas gaskets during the assessment period?
- How will changing trends impact the oil & gas gaskets market?
- How can market players capture the low-hanging opportunities in the oil & gas gaskets market in developed regions?
- Which companies are leading the oil & gas gaskets market?
- What are the winning strategies of stakeholders in the oil & gas gaskets market to upscale their position in this landscape?
Oil & Gas Gaskets Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the oil & gas gaskets market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the oil & gas gaskets market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Global Oil & Gas Gaskets Market - Executive Summary
1.1. Global Market Overview
1.2. Global Oil & Gas Gaskets Market – Regional Overview
1.3. Global Oil & Gas Gaskets Market – Opportunity Assessment
1.4. Fact.MR Analysis
2. Global Oil & Gas Gaskets Booth Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background
3.1. Global Industrial Gaskets Market Overview
3.1.1. By Region
3.1.2. By End Use Industry
3.1.2.1. Oil & Gas
3.1.2.2. Chemical
3.1.2.3. Power Generation
3.1.2.4. Pulp & Paper
3.1.2.5. Food & Beverages
3.1.2.6. Industrial Machinery
3.1.2.7. Others
3.2. PATENT Analysis
3.3. Policy and Regulatory Scenario
3.4. VOIS Analysis (Voice of Industry Stakeholders)
3.4.1. Gasket’s Priority as a Product Line\
3.4.2. Selection Criterion for Gaskets – Application Perspective
3.4.3. Preferred Gaskets Material
3.4.4. Key Gaskets Manufacturer / Brand - OEM’s Remember
3.4.5. Challenges at Application End
3.4.6. Critical Parameter to Evaluate Gaskets – at End User
3.5. Porter’s Five Factor Analysis
3.6. PEST Analysis
3.7. Investment Feasibility Matrix
3.8. Forecast Factors - Relevance & Impact
3.8.1. Global GDP Growth Outlook
3.8.2. Global Oil & Gas Sector Outlook
3.9. Value Chain Analysis
3.9.1. List of Key Manufacturers
3.9.2. List of Key Material Suppliers
3.9.3. List of Potential Buyers
3.9.4. Profitability and Operating Margins
4. Global Oil & Gas Gaskets Market – Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity Analysis
5. Global Oil & Gas Gaskets Market Demand Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Volume Projections, 2014-2018
5.2. Current and Future Market Volume Projections, 2019-2029
5.3. Y-o-Y Growth Trend Analysis
6. Global Oil & Gas Gaskets Market – Pricing Analysis
6.1. Regional Pricing Analysis By Product Type
6.2. Pricing Break-up
6.2.1. Manufacturer Level Pricing
6.2.2. Distributor Level Pricing
6.3. Global Average Pricing Analysis Benchmark
7. Global Oil & Gas Gaskets Market Demand (US$ Mn) Analysis 2014-2018 and Forecast 2019-2029
7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
7.3. Y-o-Y Growth Trend Analysis
7.4. Absolute $ Opportunity Analysis
8. Global Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029, by Product
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2014 - 2018
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2019 - 2029
8.3.1. Spiral Wound Gaskets
8.3.2. Soft Gaskets
8.3.3. Kammoprofile Gaskets
8.3.4. Ring Joint Gaskets
8.3.5. Corrugated Gaskets
8.3.6. Jacketed Gaskets
8.3.7. Others
8.4. Market Attractiveness Analysis By Product
9. Global Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029, by Material
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Material, 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Material, 2019 - 2029
9.3.1. Metallic
9.3.2. Semi-Metallic
9.3.3. Non-Metallic
9.4. Market Attractiveness Analysis By Material
10. Global Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029, by Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application 2014 - 2018
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2019 - 2029
10.3.1. Piping
10.3.2. Pressure Vessels
10.3.3. Diesel Generators
10.3.4. Heat Exchangers
10.3.5. Valves
10.3.6. Manifold, Wellhead & Christmas Tree
10.3.7. Others
10.4. Market Attractiveness Analysis By Application
11. Global Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029, by End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2014 - 2018
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2019 - 2029
11.3.1. Upstream
11.3.2. Midstream
11.3.3. Downstream
11.4. Market Attractiveness Analysis By Application
12. Global Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029, by Region
12.1. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018
12.2. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2019 - 2029
12.2.1. North America
12.2.2. Latin America
12.2.3. Europe
12.2.4. East Asia
12.2.5. South Asia & Oceania
12.2.6. MEA
12.3. Market Attractiveness Analysis By Region
13. North America Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Product
13.3.3. By Material
13.3.4. By Application
13.3.5. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Product
13.4.2. By Material
13.4.3. By Application
13.4.4. By End Use
14. Latin America Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Product
14.3.3. By Material
14.3.4. By Application
14.3.5. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Product
14.4.2. By Material
14.4.3. By Application
14.4.4. By End Use
15. Europe Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. U.K.
15.3.1.5. Spain
15.3.1.6. BENELUX
15.3.1.7. Russia
15.3.1.8. Rest of Europe
15.3.2. By Product
15.3.3. By Material
15.3.4. By Application
15.3.5. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Product
15.4.2. By Material
15.4.3. By Application
15.4.4. By End Use
16. East Asia Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Product
16.3.3. By Material
16.3.4. By Application
16.3.5. By End Use
16.4. Market Attractiveness Analysis
16.4.1. By Product
16.4.2. By Material
16.4.3. By Application
16.4.4. By End Use
17. South Asia & Oceania Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
17.3.1. By Country
17.3.1.1. India
17.3.1.2. Thailand
17.3.1.3. Indonesia
17.3.1.4. Malaysia
17.3.1.5. Australia
17.3.1.6. Rest of South Asia & Oceania
17.3.2. By Product
17.3.3. By Material
17.3.4. By Application
17.3.5. By End Use
17.4. Market Attractiveness Analysis
17.4.1. By Product
17.4.2. By Material
17.4.3. By Application
17.4.4. By End Use
18. MEA Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast, 2019-2029
18.1. Introduction
18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. South Africa
18.3.1.3. Turkey
18.3.1.4. Algeria
18.3.1.5. Rest of MEA
18.3.2. By Product
18.3.3. By Material
18.3.4. By Application
18.3.5. By End Use
18.4. Market Attractiveness Analysis
18.4.1. By Product
18.4.2. By Material
18.4.3. By Application
18.4.4. By End Use
19. Emerging Countries Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast 2019-2029
19.1. Introduction
19.2. China Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.2.1. By Product
19.2.2. By Material
19.2.3. By Application
19.2.4. By End Use
19.3. India Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.3.1. By Product
19.3.2. By Material
19.3.3. By Application
19.3.4. By End Use
19.4. Brazil Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.4.1. By Product
19.4.2. By Material
19.4.3. By Application
19.4.4. By End Use
20. Oil & Gas Gaskets Market Analysis 2014-2018 and Forecast 2019-2029, Country Analysis
20.1. US Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.1.1. By Product
20.1.2. By Material
20.1.3. By Application
20.1.4. By End Use
20.2. Canada Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.2.1. By Product
20.2.2. By Material
20.2.3. By Application
20.2.4. By End Use
20.3. Mexico Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.3.1. By Product
20.3.2. By Material
20.3.3. By Application
20.3.4. By End Use
20.4. Germany Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.4.1. By Product
20.4.2. By Material
20.4.3. By Application
20.4.4. By End Use
20.5. Italy Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.5.1. By Product
20.5.2. By Material
20.5.3. By Application
20.5.4. By End Use
20.6. France Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.6.1. By Product
20.6.2. By Material
20.6.3. By Application
20.6.4. By End Use
20.7. UK Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.7.1. By Product
20.7.2. By Material
20.7.3. By Application
20.7.4. By End Use
20.8. Spain Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.8.1. By Product
20.8.2. By Material
20.8.3. By Application
20.8.4. By End Use
20.9. BENELUX Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.9.1. By Product
20.9.2. By Material
20.9.3. By Application
20.9.4. By End Use
20.10. Russia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.10.1. By Product
20.10.2. By Material
20.10.3. By Application
20.10.4. By End Use
20.11. Malaysia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.11.1. By Product
20.11.2. By Material
20.11.3. By Application
20.11.4. By End Use
20.12. Thailand Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.12.1. By Product
20.12.2. By Material
20.12.3. By Application
20.12.4. By End Use
20.13. Indonesia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.13.1. By Product
20.13.2. By Material
20.13.3. By Application
20.13.4. By End Use
20.14. Australia Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.14.1. By Product
20.14.2. By Material
20.14.3. By Application
20.14.4. By End Use
20.15. GCC Countries Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.15.1. By Product
20.15.2. By Material
20.15.3. By Application
20.15.4. By End Use
20.16. South Africa Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.16.1. By Product
20.16.2. By Material
20.16.3. By Application
20.16.4. By End Use
20.17. Turkey Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.17.1. By Product
20.17.2. By Material
20.17.3. By Application
20.17.4. By End Use
20.18. Algeria Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.18.1. By Product
20.18.2. By Material
20.18.3. By Application
20.18.4. By End Use
21. Market Structure Analysis
21.1. Global Oil & Gas Gaskets Market - A Dashboard View
21.2. Global Oil & Gas Gaskets - Industry Structure
21.3. Global Oil & Gas Gaskets Market Company Share Analysis
22. Company Profiles
22.1. Flexitallic Group
22.1.1. Company Overview
22.1.2. Product overview
22.1.3. SWOT Analysis
22.1.4. Key Developments
22.2. Klinger Limited
22.2.1. Company Overview
22.2.2. Product overview
22.2.3. SWOT Analysis
22.2.4. Key Developments
22.3. LGC US Asset Holding,LLC
22.3.1. Company Overview
22.3.2. Product overview
22.3.3. SWOT Analysis
22.3.4. Key Developments
22.4. DONIT TESNIT
22.4.1. Company Overview
22.4.2. Product overview
22.4.3. SWOT Analysis
22.4.4. Key Developments
22.5. Garlock Sealing Technologies
22.5.1. Company Overview
22.5.2. Product overview
22.5.3. SWOT Analysis
22.5.4. Key Developments
22.6. Freudenberg Oil & Gas Technologies
22.6.1. Company Overview
22.6.2. Product overview
22.6.3. SWOT Analysis
22.6.4. Key Developments
22.7. James Walker
22.7.1. Company Overview
22.7.2. Product overview
22.7.3. SWOT Analysis
22.7.4. Key Developments
22.8. Teadit Group
22.8.1. Company Overview
22.8.2. Product overview
22.8.3. SWOT Analysis
22.8.4. Key Developments
22.9. Leader Gaskets Technologies
22.9.1. Company Overview
22.9.2. Product overview
22.9.3. SWOT Analysis
22.9.4. Key Developments
22.10. Phelps Industrial Products
22.10.1. Company Overview
22.10.2. Product overview
22.10.3. SWOT Analysis
22.10.4. Key Developments
22.11. Macro Rubber & Plastics
22.11.1. Company Overview
22.11.2. Product overview
22.11.3. SWOT Analysis
22.11.4. Key Developments
22.12. Mercer Gaskets & Shim
22.12.1. Company Overview
22.12.2. Product overview
22.12.3. SWOT Analysis
22.12.4. Key Developments
22.13. Centauro SRL
22.13.1. Company Overview
22.13.2. Product overview
22.13.3. SWOT Analysis
22.13.4. Key Developments
22.14. Spira Power Gasket Manufacturing
22.14.1. Company Overview
22.14.2. Product overview
22.14.3. SWOT Analysis
22.14.4. Key Developments
22.15. Marco Rubber & Plastics
22.15.1. Company Overview
22.15.2. Product overview
22.15.3. SWOT Analysis
22.15.4. Key Developments
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Oil and Gas Gaskets Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029