Packer Market Analysis, Forecast To 2022: Grand View Research, Inc.

Global packer market is expected to witness significant growth over the next seven years owing to increasing hydrocarbon sealing equipment demand in oil & gas extraction process. Growing drilling & extraction activities globally is anticipated to spur packer demand over the forecast period. Packers are applied to pipes and casing during drilling process for efficient and safe hydrocarbon extraction. Packers are generally manufactured from elastomers which enhance resistance from external shear and vibrations. Variation in formation type and petrophysical properties within small range of topography makes it difficult for E&P companies to extract oil & gas with high efficiency.
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