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 Reports

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 the increasing consumption of oil & gas fittings in upstream and downstream operations. The upswing in transcontinental pipeline projects in the Asia Pacific and Middle East & Africa region coupled with favorable 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 up-gradation 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. The 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 the size of the pipes among others.

In contrast, the flanges segment is anticipated to expand with the 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 pipelines 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 the highest growth throughout the forecast period. This can be associated with the increasing application of upstream operations coupled with a 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, the 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 an increasing the number of onshore drilling projects and rising numbers 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  US$ 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 give a better market understanding of the overall Oil & Gas Fittings market. Additionally, the global report also comprises a graphical representation of a 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 the 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?
  • The 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?

TABLE 1 Market Snapshot: Global Oil & Gas Fittings (OGF) Market
TABLE 2 Global OGF Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 3 Global OGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global OGF Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America OGF Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 6 North America OGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 7 North America OGF Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 8 North America OGF Market, by Operations, 2017–2027 (US$ Bn)
TABLE 9 North America OGF Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe OGF Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 11 Europe OGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 12 Europe OGF Market, by Material Type, 2017–2027 (US$ Bn
TABLE 13 Europe OGF Market, by Operations, 2017–2027 (US$ Bn)
TABLE 14 Europe OGF Market, by Country, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific OGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific OGF Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific OGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific OGF Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific OGF Market, by Operations, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific OGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 21 RoW OGF Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 22 RoW OGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 23 RoW OGF Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 24 RoW OGF Market, by Operations, 2017–2027 (US$ Bn)
TABLE 25 RoW OGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 26 Anvil International.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 27 The Weir Group: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 28 Hy-Lok Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 29 B.O.P Products LLC.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 30 AVK UK Ltd: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 31 JVS Engineers.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 32 FitTech Industries Pvt Ltd..: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 33 Gelbach UK Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 34 Grupo Cunado.: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)
TABLE 35 KINGSA Industries..: Company Snapshot (Company Details, Geographical Presence, Product Type Portfolio, Key Developments)

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