Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1301282
PUBLISHER: Grand View Research | PRODUCT CODE: 1301282
Mining And Oil & Gas Fasteners Market Size, Share & Trends Analysis Report By Material (Plastics, Metal), By Product (Externally Threaded, Internally Threaded, Non-threaded), By Region, And Segment Forecasts, 2023 - 2030
PUBLISHED:
PAGES: 104 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Mining And Oil & Gas Fasteners Market Growth & Trends
The global mining and oil & gas fasteners market size is expected to surpass USD 1.88 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. The factors attributed to drive the market are expanding consumption in end-use industry, increasing demand for customized fastener, and growing demand for energy efficient solutions.
The global energy consumption is growing at a rapid rate owing to the increase in electricity consumption and transportation. This is further supported by the increasing per capita income and rising global gross domestic product. The global population is gradually increasing, thereby propelling energy needs.
Fastening tools are significant component of oil & gas sector and come in a variety of forms and sizes. Nuts, bolts, screws, rivets, studs, bits, anchors, and panel fasteners are the popular connectors used in mining and oil & gas sector. Stud bolts are threaded tiny rods used in oil & gas and petrochemical industries to hold high-pressure flange connectors together. Cranes, mud pumps, masts, and engines all utilize fasteners. They are also utilized in the construction of storage facilities and for flange and valve fastening in oil & gas pipelines. The growing oil & gas industry is likely to create upswings for market growth over the forecast period.
The growing energy and exploration industries in the country is expected to have a positive spillover effect on the mining and oil & gas fasteners market in the coming years. Bolts and nuts are used on pumps, vessels, metering pumps and pumping stations. Fasteners are used for cranes, masts, mud pumps and engines. They are also used for flange and valve bolting in oil and gas pipelines, and oil storage facility construction.
Mining is critical to the economic prosperity of many countries. Emerging economies are important producers and suppliers of critical commodities such as copper, bauxite, iron ore, and precious metals. Mining support fasteners are used in the construction and maintenance of tunnels, entrances, and exits to the mines. Growing demand for metals such as silver, gold, and copper in electronics and consumer goods, along with other minerals used in construction sector is expected to create upswings for fasteners in mining sector over the forecast period.
Mining And Oil & Gas Fasteners Market Report Highlights
- The metal segment accounted for the highest market share of 98.0% in the products segment in 2022. This is owning to high strength and durability, ease of use and wide availability of metals over plastic fasteners
- Based on products, the externally threaded type fasteners accounted for the largest revenue share of 47.3%. This is owning to externally threaded products such as screws and bolts are commonly used in easy installation, have high clamping force, and cost effective in nature
- The Asia Pacific mining and oil & gas fasteners segment accounted for the highest revenue share of 35.7% in 2022 and is forecasted to grow significantly over the coming years. Rapid industrialization in developing economies of Asia Pacific coupled with rising investments in energy and mining projects is expected to contribute to the overall growth of the mining and oil & gas fasteners market in the region
- The bargaining power of buyers defines the pressure consumers can exert on businesses to provide them superior quality products at suitable prices for enhanced customer experience. Buyers in the market are manufacturers of drilling equipment, oil extraction system, petrochemical machineries, pumps heat exchangers, among others that are used in oil & gas rigs and mining plants
- The mining and oil & gas fasteners market is fragmented and highly competitive in nature with various medium and small-scale manufacturers in the U.S, China, Taiwan, Thailand, and Japan. The global mining and oil & gas fasteners market is competitive and relies on technological developments and product improvements
Product Code: GVR-4-68040-091-5
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Regional Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Outlook
Chapter 3 Market Variables, Trends and Scope
- 3.1 Market Lineage Outlook
- 3.2 Global Mining and Oil & Gas Fasteners Market - Value Chain Analysis
- 3.2.1 Raw Material Trends
- 3.2.2 Metal Fasteners
- 3.2.2.1 Stainless Steel
- 3.2.2.2 Bronze
- 3.2.2.3 Cast Iron
- 3.2.2.4 Super Alloys
- 3.2.2.5 Titanium
- 3.2.3 Plastic Fasteners
- 3.2.3.1 Polycarbonate
- 3.2.3.2 Nylon
- 3.2.3.3 Polyvinyl Chloride (PVC)
- 3.2.3.4 Polyethylene
- 3.3 Regulatory framework
- 3.3.1 International Organization for Standardization (ISO) - 21.060.10 -Bolts, Screws, Studs
- 3.3.2 American Society for Testing and Materials
- 3.4 Mining and Oil & Gas Fasteners Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.1.1 Positive Outlook toward Oil & Gas Sector
- 3.4.1.2 Fast-Paced Developments in Mining Sector
- 3.4.2 Market Restraint Analysis
- 3.4.2.1 Rising Market Share Of Substitutes
- 3.4.3 Market Challenges Analysis
- 3.4.3.1 Volatility in Raw Material Pricing and Demand-Supply Restraints
- 3.4.1 Market Driver Analysis
- 3.5 Mining & Oil & Gas Fasteners Market - Porter's Analysis
- 3.5.1 Supplier Power
- 3.5.2 Buyer Power
- 3.5.3 Threat of Substitution
- 3.5.4 Threat from New Entrants
- 3.5.5 Competitive Rivalry
- 3.6 Mining & Oil & Gas Fasteners Market - Pestle by SWOT
- 3.6.1 Political Landscape
- 3.6.2 Environmental Landscape
- 3.6.3 Social Landscape
- 3.6.4 Technology Landscape
- 3.6.5 Economic Landscape
- 3.6.6 Legal Landscape
- 3.7. Market Disruption Analysis
Chapter 4 Mining Fasteners Market: Material Estimates & Trend Analysis
- 4.1 Key Takeaways
- 4.2 Mining Fasteners Market: Material Movement Analysis, 2022 & 2030
- 4.3 Material Market Estimates and Forecasts, 2018 - 2030
- 4.3.1 Metal
- 4.3.2 Plastic
Chapter 5 Mining Fasteners Market: Product Estimates & Trend Analysis
- 5.1 Key Takeaways
- 5.2 Mining Fasteners Market: Product Movement Analysis, 2022 & 2030
- 5.3 Material Market Estimates and Forecasts, 2018 - 2030
- 5.3.1. Externally Threaded
- 5.3.2. Internally Threaded
- 5.3.3. Non-threaded
Chapter 6 Oil & gas Fasteners Market: Material Estimates & Trend Analysis
- 6.1 Key Takeaways
- 6.2. Oil & gas Fasteners Market: Material Movement Analysis, 2022 & 2030
- 6.3 Material Market Estimates and Forecasts, 2018 - 2030
- 6.3.1. Metal
- 6.3.2. Plastic
Chapter 7 Oil & gas Fasteners Market: Product Estimates & Trend Analysis
- 7.1 Key Takeaways
- 7.2. Oil & gas Fasteners Market: Product Movement Analysis, 2022 & 2030
- 7.3 Product Market Estimates and Forecasts, 2018 - 2030
- 7.3.1. Externally Threaded
- 7.3.2. Internally Threaded
- 7.3.3. Non-Threaded
Chapter 8 Mining and Oil & Gas Fasteners Market: Regional Estimates & Trend Analysis
- 8.1 Key Takeaways
- 8.2 Mining and Oil & Gas Fasteners Market: Regional Market Share Analysis, 2022 & 2030
- 8.3 North America
- 8.3.1 North America mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.2 U.S.
- 8.3.2.1 U.S. mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.3 Canada
- 8.3.3.1 Canada mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.4 Mexico
- 8.3.4.1 Mexico mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Mining and Oil & Gas Fasteners Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2 Australia
- 8.4.2.1 Australia mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.3 Singapore
- 8.4.3.1 Singapore mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.4 Indonesia
- 8.4.4.1 Indonesia mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5 Central and South America
- 8.5.1 Central & South America mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Brazil mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.3 Argentina
- 8.5.3.1 Argentina mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.4 Chile
- 8.5.4.1 Chile mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1 Middle East & Africa mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7. Europe
- 8.7.1 Europe mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.1.1 Germany
- 8.7.1.2 Germany mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.2 France
- 8.7.2.1 France mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.3 Italy
- 8.7.3.1 Italy mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.4 UK
- 8.7.4.1 UK mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.5 Spain
- 8.7.5.1 Spain mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.1 Europe mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Supplier Intelligence
- 9.1. Kraljic Matrix
- 9.2. Engagement Model
- 9.3. Negotiation Strategies
- 9.4. Vendor Selection Criteria
- 9.5. Sourcing Best Practices
- 9.6. List of Raw Material Suppliers
Chapter 10 Competitive Landscape
- 10.1. Key Players & Recent Developments & Their Impact On The Industry
- 10.2 .Key Company/Competition Categorization
- 10.3. Company Market Position Analysis
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.6. Company Listing
- 10.6.1. National Bolt & Nut Corporation
- 10.6.1.1. Company Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4 Strategic Initiatives
- 10.6.2 Hague Fasteners Limited
- 10.6.3 Master Bolt, LLC
- 10.6.4 American Fastener Technologies Corporation
- 10.6.5 Dale Fastener Supply
- 10.6.6 Elgin Fastener Group LLC
- 10.6.7 Power Gen Components
- 10.6.8 LSP Holding (UK) LTD
- 10.6.9 STANLEY Engineered Fastening
- 10.6.10 MW Industries, Inc.
- 10.6.11 Dokka Fasteners A S
- 10.6.1. National Bolt & Nut Corporation
Product Code: GVR-4-68040-091-5
List of Tables
- Table 1 Mining and Oil & Gas Fasteners market estimates and forecasts by material, 2018 - 2030 (USD Million)
- Table 2 Mining and Oil & Gas Fasteners market estimates and forecasts by material, 2018 - 2030 (USD Million)
- Table 3 Mining and Oil & Gas Fasteners market estimates and forecasts for oil & gas Products, 2018 - 2030 (USD Million)
- Table 4 Mining and Oil & Gas Fasteners market estimates and forecasts for oil & gas Products, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom-Up Approach
- Fig. 5 Market Research Approaches - Top-Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Regional Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Market Lineage Outlook
- Fig. 11 Mining and oil & gas fasteners market: Value chain analysis
- Fig. 12 Global Stainless-Steel Production, by region (in '000 MT), 2020 (%)
- Fig. 13 Bronze consumption trends, by end-use industry, 2020 (%)
- Fig. 14 Cast Iron Prices (USD/MT), 2017 - 2020
- Fig. 15 Nickel Price Trends (USD/Metric Ton), 2017 - 2020
- Fig. 16 Global nylon production (Kilotons), 2012 - 2022
- Fig. 17 Global PVC consumption, by country, 2020 (%)
- Fig. 18 Global demand for polyethylene resin, by volume, 2020 (%)
- Fig. 19 Market Driver Analysis
- Fig. 20 World Primary Energy Demand by Fuel Type (mboe/d))
- Fig. 21 Total Mines Production in the U.S. (USD million)
- Fig. 22 Market Restraint Analysis
- Fig. 23 Stainless melt shop production (ingot/slab equivalent) in '000 metric tons
- Fig. 24 Global Crude Steel Production, 2015-2020 (Million Tons)
- Fig. 25 Mining fasteners market: Material Key Takeaways
- Fig. 26 Mining fasteners market: Material movement analysis, 2022 & 2030
- Fig. 27 Mining fasteners market: Material Key Takeaways
- Fig. 28 Mining fasteners market: Material movement analysis, 2022 & 2030
- Fig. 29 Oil & gas fasteners market: Product Key Takeaways, 2020 & 2028
- Fig. 30 Oil & gas fasteners market: Product Key Takeaways
- Fig. 31 Mining and oil & gas fasteners market: Regional movement analysis, 2020 & 2028
- Fig. 32 North America mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 33 U.S. mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Canada mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Mexico mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Asia Pacific mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Australia mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Singapore mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Indonesia mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Europe mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Germany mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 42 France mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Italy mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Spain mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 45 UK mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Central & South America mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Brazil mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Argentina mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Chile mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 50 MEA mining and oil & gas fasteners market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Competitive Dashboard Analysis
- Fig. 52 Key Company/Competition Categorization
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.