Alloying Steel with Diverse Elements for Resistance against Extreme Conditions
Oil and gas exploration activities are performed within adverse settings, driving the requirement of stainless steel oil and gas fittings owing to high CRA (Corrosion Resistance Alloys) specifications. Stainless steel oil and gas fittings counter the impacts of carbon dioxide and hydrogen sulfide, as well as high temperatures. Further, inclusion of titanium enhances the resistance aspect of stainless steel oil and gas fittings against seawater.
Rich content of chromium and molybdenum content in stainless steel oil and gas fittings ensure high thermal conductivity, and low thermal expansion, while the presence of nickel assures high resistance against corrosion cracking. In addition, the austenitic-ferritic chemical composition of steel alloy oil and gas fittings provides exceptional efficacy under low cryogenic and high temperature – up to 1000 degrees Celsius.
Oil and Gas Fittings – Altering Dimensions to Tackle Pressure Drops
Long radius oil and gas fittings are gaining high traction in oil and gas platforms following lower pressure loss during directional change of flow, along with smooth pigging (maintenance). Oil and gas fittings – tees - encompass a restriction bar welded internally to avoid entrance of scrappers. The bars are welded in a manner to enable hurdle-free transit of the scrapper from the run pipe.
The 90 degree-reducing oil and gas fittings enable directional change as well as size reduction of pipe within the piping system, eliminating one pipe fitting, and decreasing welding process by almost a third. The progressive decline in diameter throughout the arc of the reducing oil and gas fittings provides lesser resistance to flow, as well as reverses the impact of stream turbulence and potential intrinsic corrosion. As a consequence, the reducing oil and gas fittings avoid significant pressure lapses during distribution.
Soaring Onshore Exploration Projects in North America and East Asia Promises Sales Opportunities
North America and East Asia are set to remain the frontrunners in the global oil and gas fittings market primarily due to increasing onshore exploration activities. The US is substituting the legacy wrought iron-based tees and flanges with durable versions, including carbon steel, and alloy steel at a sweeping rate. In addition, the country has kick-started projects of natural gas exploration and transportation pipelines – more than 100.
Furthermore, increasing intra-country and inter-country onshore pipeline projects in the US, Canada, and China to satiate the growing demand for oil and gas are capturing the attention of oil and gas fittings manufacturers.
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Application-centric Requirement – Key Tenet to Define Stakeholders’ Tactics
Oil and gas fittings require regular maintenance due to prolonged exposure to high-pressure distribution of the same. As such, market players, including Anvil International, and Probe Oil Tools, are entering into agreements in a bid to receive maintenance and replacement services for valves, and pipelines in oil and gas applications for leakage prevention, and corrosion.
Conventional rubber absorbs oil and swells up in size, resulting in leaks, thereby influencing market forces to focus on manufacturing nitrile rubber gasket for ductile steel applications suitable for natural gas, petroleum, and aromatic fuels.
Realizing consumers’ reliance on internet for purchasing products owing to competitive prices, and fast-paced lifestyles, market players are distributing oil and gas fittings via online platforms. Furthermore, Market leaders and followers are targeting countries – the US, Russia, and Saudi Arab – citing escalating demands for oil and gas.
How Growth Will Unfold
Upswing in transcontinental pipeline projects in Middle East, and ASEAN, as well as steady growth in new onshore wells across the globe is set to drive the demand for oil and gas fittings. Countries, including Russia, China, and Argentina, are leveraging hydraulic fracturing to boost the production of natural gas, which will keep the manufacturers of PVF (Pipes, Valves and Fittings) products intrigued.
Furthermore, developing countries – India, Brazil, and Nigeria – are observing uptick in demand for oil and gas, thereby propelling the growth of oil and gas fittings market.
On the other hand, trade disputes between the US and China resulting in hiked tariffs for steel and aluminum – key component in oil and gas fittings - tends to remain the weak spot in the progress of oil and gas fittings market.
Frequently Asked Questions About oil and gas fittings market
What are the key factors shaping the oil and gas fittings market?
An upsurge in the number of new onshore wells and demand for replacement of aged fittings and flanges are the factors that are impacting the growth of the oil and gas fittings market. In addition, a growing number of drilling wells are increasing the sales and installation of pipes, valves, and fittings (PVF), which in turn, are propelling the market growth.
What impact will alloy steel have on the market growth?
Exploration activities for oil & gas are performed with adverse settings, driving the requirement of stainless steel fittings for their high corrosion resistance alloys (CRAs) attributes. CRAs are best suited to fulfill various functional requirements in oil & gas exploration and production.
What are the factors driving the demand for tees in the global market?
Demand for tees continues to surge, as it embraces a restriction bar welded internally to avoid entry of scrappers. The major purpose of tees is to make a 90-degree branch that enables directional change and size reduction of pipe in the piping system.
Which region is expected to hold the highest revenue share in the oil and gas fittings market?
North America and East Asia will continue to hold major revenue shares in the global oil and gas fittings market. This growth is attributed to the high applicability in onshore activities. Furthermore, the rapid growth of onshore drilling activities and a number of oil and gas pipeline projects in the U.S., Canada, and China will contribute to the market growth.
What strategies are the market players implementing to capitalize on growing demand for oil and gas fittings?
Most of the exploration & production companies are expanding their product portfolio by constructing new pipeline, plants, and production facilities. Adoption of online sales platform has emerged to be a supportive factor for the growing sales of oil and gas fittings.
By Working Pressure
- Less than 2,000 psi
- 2,000 - 4,000 psi
- 4,000 to 6,000 psi
- 6,000 to 10,000 psi
- 10,000 to 15,000 psi
- Above 15,000 psi
By Product Type
- Studded Tees
- Flow Tees
- Weld Neck
- Bottom Hole Test Adapter
- Double Studded Adapter
- Male Pins
- Studded Crosses
By Material Type
- Carbon Steel
- Stainless Steel
- Alloy Steel
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa