Stratview Research anticipated that the market is estimated to grow at a healthy CAGR of 7.8% over the next five years to reach a value of US$ 4.4 Billion in 2027. This growth is likely to be driven by the increasing oil & gas demand, increasing well-drilling activities, speedy recovery in worldwide rig counts, and advancements in sealing products to meet the challenging environments.
Source: https://www.stratviewresearch.com/646/oil-and-gas-seals-market.html
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