Home / Market Analysis / Oil And Gas Fittings Market By Product Type (Tees, Flanges, Adapters, Male Pins, Studded Crosses), By Application (On shore, Off shore), By Material Type (Carbon Steel, Stainless Steel, Alloy Steel, Fiber Glass, Composite, Others), By Operations (Upstream, Midstream, Downstream) - Growth, Future Prospects, & Competitive Analysis, 2019 – 2027

Oil And Gas Fittings Market By Product Type (Tees, Flanges, Adapters, Male Pins, Studded Crosses), By Application (On shore, Off shore), By Material Type (Carbon Steel, Stainless Steel, Alloy Steel, Fiber Glass, Composite, Others), By Operations (Upstream, Midstream, Downstream) - Growth, Future Prospects, & Competitive Analysis, 2019 – 2027

Published: Apr 2020 | Published By: Acute Market Research

Key Market Insights

"Increase oil & gas projects will spur the market revenue growth"

The global oil & gas fittings market accounted for US$ 1.2 Bn in 2018 and is anticipated to grow to US$ 1.5 Bn growing at a CAGR of 3.3% during the forecast period from 2019 to 2027.

The global oil & gas fittings market is anticipated to grow at a moderate rate owing to new oil & gas projects and new pipeline contracts globally. One of the key factors driving the growth of oil & gas fittings market is increasing consumption of oil & gas fittings in upstream and downstream operations. The upswing in transcontinental pipeline projects in Asia Pacific and Middle East & Africa region coupled with favourable government policies are likely to drive the global oil & gas fittings market. Besides, a substantial rise in consumption of crude oil, and rising demand for stainless steel oil & gas fittings due to its properties such as high resistance are factors further proliferating the demand of the oil & gas fittings market.

Additionally, rising investments in refinery upgradation and replacement activities are further enhancing the growth of the oil & gas fittings market. Key players are adopting strategies such as mergers and acquisitions and partnerships among others. For instance, in 2019, Anvil international and Smith-Cooper announced their merger. Through this merger, the company will be able to provide a more comprehensive product portfolio and penetrate further into the market.

Thickener Analysis

"Tees segment to dominate the market throughout the forecast period"

Based on product type, the oil & gas fittings market is further classified into tees (studded tees, and flow tees), flanges (blind/test, companion, and weld neck), adapters (bottom hole test adapters and double studded adapters), male pins, and studded crosses. Tees segment led the market with a revenue share of more than 25%. This can be attributed to the benefits offered by it including restricting bar welded internally to avoid scrappers to enter, enabling directional changes due to its 90-degree branch, and reduction in size of the pipes among others.

In contrast, flanges segment is anticipated to expand with highest growth rate throughout the forecast period. This can be associated with the advantages provided by them including connecting pipes, valves, pumps, and blocking off pipeline among others.

End-user Analysis

"Downstream segment expected to dominate the market during the forecast period"

Based on operations, the global oil & gas fittings market is bifurcated into upstream, midstream and downstream. The downstream segment dominated the global oil & gas fittings market and contributed XX% of revenue share. This can be attributed to low feedstock prices, healthy demand for both transportation fuels and chemical products among others.

On the other hand, the upstream segment is expected to witness highest growth throughout the forecast period. This can be associated with the increasing application of upstream operations coupled with growing number of projects including new drilling wells.

Regional Analysis

"North America region dominated the global oil & gas fittings market"

North America region dominated the oil & gas fittings market and represents US$ XX Bn in terms of market share and is anticipated to register a CAGR of XX% during the forecast period. Owing to new and replacement projects for installation and increased onshore exploration activities in the region. The US held the major share of the market contributing more than 75% of market revenue in the region.

On the contrary, Asia Pacific region is anticipated to grow with a significant rate owing to increasing intra country trading activities in the region between China, and India among others and increasing number of onshore drilling projects and rising number of oil and gas pipeline projects in China.

List of Companies Covered:

  • Anvil International
  • The Weir Group PLC
  • Hy-Lok CO., LTD
  • B.O.P Products LLC
  • AVK UK Ltd
  • JVS Engineers
  • FitTech Industries Pvt. Ltd.
  • Gelbach UK Ltd
  • Grupo Cuñado
  • KINGSA Industries

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product Type Segment (2017–2027; US$ Bn)
 • Tees
   o Studded Tees
   o Flow Tees
 • Flanges  
   o Blind/Test
   o Companion
   o Weld Neck
 • Adapters 
   o Bottom Hole Test Adapters
   o Double Studded Adapters
 • Male Pins
 • Studded Crosses

 Application Segment (2017–2027; US$ Bn)
 • On-shore
 • Off-shore

 Material Type Segment (2017–2027; US$ Bn)
 • Carbon Steel
 • Stainless Steel
 • Alloy Steel
 • Fiber Glass
 • Composite
 • Others

 Operation Segment (2017–2027; US$ Bn)
 • Upstream
 • Midstream
 • Downstream

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, Russia, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall Oil & Gas Fittings market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the oil & gas fittings market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which application segment holds a larger market share and why?
  • Are low and middle-income economies investing in the oil & gas fittings market?
  • Which is largest regional market for oil & gas fittings?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
  • Worldwide market value of the Oil & Gas Fittings market in 2017 and 2018
  • Which are the key trends driving the global oil & gas fittings market growth?
  • Who are the leading service providers in the oil & gas fittings market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product Type
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Oil & Gas Fittings (OGF) Market
2.2. Global OGF Market, by Product Type, 2018 (US$ Bn)
2.3. Global OGF Market, by Application, 2018 (US$ Bn)
2.4. Global OGF Market, by Material Type, 2018 (US$ Bn)
2.5. Global OGF Market, by Operations, 2018 (US$ Bn)
2.6. Global OGF Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global OGF Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Oil & Gas Fittings (OGF) Market, by Product Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Tees
4.3. Flanges
4.4. Adapters
4.5. Male Pins
4.6. Studded Crosses

5. Global Oil & Gas Fittings (OGF) Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. On shore
5.3. Off shore

6. Global Oil & Gas Fittings (OGF) Market, by Material Type, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Carbon Steel
6.3. Stainless Steel
6.4. Alloy Steel
6.5. Fiber Glass
6.6. Composite
6.7. Others

7. Global Oil & Gas Fittings (OGF) Market, by Operations, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Upstream
7.3. Midstream
7.4. Downstream

8. North America Oil & Gas Fittings (OGF) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America OGF Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America OGF Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America OGF Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America OGF Market Value, By Material Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America OGF Market Value, By Operations, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America OGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Oil & Gas Fittings (OGF) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe OGF Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe OGF Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe OGF Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe OGF Market Value, By Material Type, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe OGF Market Value, By Operations, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe OGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Oil & Gas Fittings (OGF) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific OGF Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific OGF Market Value, By Product Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific OGF Market Value, By Application, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific OGF Market Value, By Material Type, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific OGF Market Value, By Operations, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific OGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Oil & Gas Fittings (OGF) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World OGF Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World OGF Market Value, By Product Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World OGF Market Value, By Application, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World OGF Market Value, By Material Type, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World OGF Market Value, By Operations, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World OGF Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Anvil International
12.2. The Weir Group PLC
12.3. Hy-Lok CO., LTD
12.4. B.O.P Products LLC
12.5. AVK UK Ltd
12.6. JVS Engineers
12.7. FitTech Industries Pvt. Ltd.
12.8. Gelbach UK Ltd
12.9. Grupo Cuñado
12.10. KINGSA Industries

* OGF- Oil & Gas Fittings

Choose License Type
 
Contact Information
24/7 Research Support
Phone: +1-855-455-8662
sales@acutemarketreports.com
Get in Touch with us
join us on Facebook
Follow us on Twitter
Follow us on LinkedIn
Add us on Google +