"Actionable Insights to Fuel Your Growth"

Oil & Gas Gasket Market Size, Share & Industry Analysis, By Product (Flat Gasket, Spiral Wound Gasket, Ring Joint Gasket, Kammonprofile Gasket, Jacketed Gasket), By Material (Metallic, Non-metallic), By Application (Pressure Vessels, Valves, Diesel Generators, Piping, Manifold), By End-user (Upstream, Mid-stream, Downstream) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105697 | Status : Ongoing

 

KEY MARKET INSIGHTS

A gasket is used to form a mechanical seal that fills space between two or more mating surfaces. It helps in preventing leakage and wastage of gas or fluids from, or into joined objects under compression. In oil & gas, different types of gaskets are used such as a flat gasket, ring joint gasket, jacketed gasket, spiral wound gaskets, kammoprofile gasket, corrugated gaskets, and others.    


Based on product, the global oil & gas gasket market is segmented into the flat gasket, spiral wound gasket, ring joint gasket, kammoprofile gasket, jacketed gasket, corrugated gasket, and others. The spiral wound gasket segment is estimated to dominate the market during the forecast period. This type of gasket is highly preferred in the oil & gas sector as it is more flexible and has high sealability tolerances. The kammoprofile gasket is also widely used in the oil & gas industry. The kammoprofile gasket is also called grooved metals gaskets are they are commonly used in heat exchangers in the oil & gas sector.

Based on material, the global oil & gas gasket market is segmented into metallic and non-metallic. The metallic segment is estimated to dominate the market during the forecast period. Metallic gaskets are made up of metals and are used in sealing higher-quality surfaces. Metallic gaskets are beneficial for medium and high-pressure applications. The adoption of metallic gaskets is increasing in the market thus, drives growth in the metallic gaskets segment during the forecast period. The non-metallic gaskets can be defined as gasket material that can be compressed under bolt load.  

Based on application, the oil & gas gasket market is segmented into pressure vessels, valves, diesel generators, piping, manifold, wellhead and Christmas tree, heat exchangers, and others. The piping segment is estimated to lead the market during the forecast period. In piping, a gasket is positioned between flanges to create a static seal. Gasket in piping helps in maintaining leak-proof sealing in different operating conditions. The piping segment widely used gaskets. Thus, drives growth in the piping application during the forecast period.  

Based on end-user, the global oil & gas gasket market is segmented into upstream, midstream, and downstream. The downstream segment is likely to grow at a significant rate during the forecast period. The oil & gas gaskets are widely adopted by the downstream segment. Thus, drives growth in the downstream segment during the forecast period.

The number of new refineries is increasing around the world and this increases demand for sealing solutions as seals are important in handling fluid and gas leakage. The number of brownfield and greenfield pipeline projects is also increasing rapidly around the world. The extraction of soaring oil and natural gas is growing and with the rise in oil and gas prices, the interregional trade is increasing which increases storage and transport volumes of oil and gas.  The increase in oil and gas consumption leads to a rise in the use of gaskets in the oil and gas industry. Thus, drives growth in the oil & gas gaskets market during the forecast period. However, The volatility of the price of raw material restraints the growth of the gaskets market.

Key Market Driver -

Rising number of new refineries, greenfield and brownfield pipeline projects along with increasing transport volumes of oil and gas

Key Market Restraint -

Raw material cost


Key Players Covered:


Some of the major companies in the global oil & gas gasket market are The Flexitallic Group, Garlock, James Walker, Freudenberg Oil & Gas Technologies, Klinger Italy, Grupo Industrial Kempchen Comdiflex S.A., Leader Gasket, Teadit Group, Phelps Industrial Product, Marco Rubber & Plastics, Centauro Gaskets Srl, Mercer Gasket, and Shim Inc.

Regional Analysis:


The global oil & gas gasket market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is likely to foresee significant growth during the forecast period. China has insufficient domestic products which leads to a large number of natural gas imports in this country. The reliance of China on the import of natural gas is widely increasing and it is building long-distance gas pipelines to facilitate transportation of natural gas. In 2020, it has been planned to construct six pipeline networks in Guangdong. According to the National Energy Administration report, China consumed 306.4 Bcm natural gas in 2019. Along with China, Japan, and South Korea are also major consumers and importers of natural gas. The increase in pipeline networks and import of natural gas drives growth in the oil and gas gaskets market in the Asia Pacific region.

The Middle East & Africa region is likely to grow significantly during the forecast period. The investment in refineries is wisely increasing in this region and it planned to start many new refineries in this region. Along with refineries Middle East countries are also planning to increase their crude oil distillation. This raises the usage of oil & gas gaskets in this region. Thus, drives growth in the oil & gas gasket market during the forecast period.  

To gain extensive insights into the market, Request for Customization


Segmentation






























  ATTRIBUTE

  DETAILS

By Product



  • Flat Gasket

  • Spiral Wound Gasket

  • Ring Joint Gasket

  • Kammonprofile Gasket

  • Jacketed Gasket

  • Corrugated Gasket

  • Others



By Material



  • Metallic

  • Non-metallic



 

By Application

 



  • Pressure Vessels

  • Valves

  • Diesel Generators

  • Piping

  • Manifold

  • Wellhead and Christmas Tree

  • Heat Exchangers

  • Others



By End-user



  • Upstream

  • Mid-stream

  • Downstream



By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Key Industry Developments



  • As of Feb 2020, The Flexitallic Group has increased the capabilities of its new service center in Hoboken to produce a wide range of gaskets.

  • In Jan 2019, James Walker invested in a global gasket strategy and placed a comprehensive range of metallic, semi-metallic, and soft-cut gaskets. The investment is made to extend its capability to manufacture non-standard items with a fast turnaround.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Fujifilm
Schlumberger
Itochu
UL
Ntt

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X