Market Overview:
The global lap joint stub ends market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lap joint stub ends in various applications, such as chemical, petrochemical, power plant, oil & gas and others. Lap joint stub ends are used in piping systems for connecting two pipes of different diameters together. These joints are available in three types: type A, type B and type C. Type A is a butt-welded lap joint that has an increased strength due to its thicker wall thickness as compared to other types of joints available in the market. Type B is also a butt-welded lap joint; however it has a reduced thickness when compared with type A and offers less strength than type A but more than type C joints.
Product Definition:
Lap joint stub ends are fittings that are used to join two pieces of pipe together. They have a lap joint, which is a type of welded joint. The lap joint stub end is inserted into one of the pipes and then welded in place. This creates a strong, durable connection that can withstand high pressure and temperatures.
Type A:
Type A is a lap joint stub end, it's used in the treatment of degenerative articular diseases and fractures. It's also used as an alternative to conventional hip and knee replacement surgeries. The Type A procedure has gained popularity due to reduced hospital stays, less pain & trauma involved for patients along with fewer complications associated with it.
Type B:
Type B is a lap joint stub end. It is used in the repair of damaged or degenerated hip and knee joints. Type B Stub End has two components, namely, cup and stem which are cemented into the prepared bone with an screws (as in A-type). The stem can be made of metal or plastic material while the cup can be made of high-grade steel alloy or titanium alloy.
Application Insights:
The global lap joint stub ends market is segmented by application into chemical, petrochemical, power plant, oil & gas and others. The other applications include civil engineering and construction. The power plant was the largest application segment in 2017 with a share of over 30%. This large share can be attributed to the growing demand for energy resources across the globe. In addition to this growth driver, there are several other factors responsible for driving product demand in this segment such as high strength requirements from steel plants operating at high temperatures along with low thermal expansion properties required from these joints.
Petrochemical emerged as another prominent application area while accounting for a market share of 28% in terms of revenue in 2017 owing to increasing crude oil prices across various regions coupled with rising awareness regarding energy security issues among major economies including China and India has resulted in an increased focus on developing new sources of petroleum production which includes shale gas & tight gas along with coal bed methane (CBM).
Regional Analysis:
Asia Pacific dominated the global lap joint stub ends market in 2017 and is expected to continue its dominance over the forecast period. The presence of major petrochemical companies such as BASF, Sinopec, and Chevron are supporting this growth. China is one of the largest markets for these products owing to increasing demand from various end-use industries such as power generation, chemical processing, oil & gas sector.
The Middle East region accounted for a significant share in terms of revenue and volume due to large oil reserves present across countries including Saudi Arabia and UAE. The region has witnessed an increase in infrastructure spending owing to high petroleum revenues that have been fueling economic development activities across countries including Kuwait, Qatar, Oman etc., thus positively influencing product demand over the forecast period.
Growth Factors:
- Increasing demand from the oil and gas industry for Lap Joint Stub Ends as a result of the growth in exploration and production activities
- Rising demand for Lap Joint Stub Ends in Asia Pacific due to the growth of infrastructure development projects
- Growing use of Lap Joint Stub Ends in power generation plants owing to increasing investments in renewable energy sources
- Proliferation of lap joint stub end products that meet international standards, such as ASME B16.9, which is driving their adoption by major players in various industries
- Technological advancements that have led to the development of new lap joint stub end products with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Lap Joint Stub Ends Market Research Report
By Type
Type A, Type B, Type C
By Application
Chemical, Petrochemical, Power Plant, Oil & Gas, Others
By Companies
Metal Udyog, Rajendra Industrial Corporation, Coastal Flange, Neo Impex Stainless, Guru Gautam Steel, Supreme Steel & Engineering, Vishal Steel, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Lap Joint Stub Ends Market Report Segments:
The global Lap Joint Stub Ends market is segmented on the basis of:
Types
Type A, Type B, Type C
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Petrochemical, Power Plant, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Metal Udyog
- Rajendra Industrial Corporation
- Coastal Flange
- Neo Impex Stainless
- Guru Gautam Steel
- Supreme Steel & Engineering
- Vishal Steel
- ...
Highlights of The Lap Joint Stub Ends Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Type A
- Type B
- Type C
- By Application:
- Chemical
- Petrochemical
- Power Plant
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lap Joint Stub Ends Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lap joint stub ends are the end of a lap joint that is not attached to the car body.
Some of the major players in the lap joint stub ends market are Metal Udyog, Rajendra Industrial Corporation, Coastal Flange, Neo Impex Stainless, Guru Gautam Steel, Supreme Steel & Engineering, Vishal Steel.
The lap joint stub ends market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lap Joint Stub Ends Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lap Joint Stub Ends Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lap Joint Stub Ends Market - Supply Chain
4.5. Global Lap Joint Stub Ends Market Forecast
4.5.1. Lap Joint Stub Ends Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lap Joint Stub Ends Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lap Joint Stub Ends Market Absolute $ Opportunity
5. Global Lap Joint Stub Ends Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lap Joint Stub Ends Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lap Joint Stub Ends Market Size and Volume Forecast by Application
6.3.1. Chemical
6.3.2. Petrochemical
6.3.3. Power Plant
6.3.4. Oil & Gas
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lap Joint Stub Ends Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lap Joint Stub Ends Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lap Joint Stub Ends Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lap Joint Stub Ends Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lap Joint Stub Ends Demand Share Forecast, 2019-2029
9. North America Lap Joint Stub Ends Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lap Joint Stub Ends Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lap Joint Stub Ends Market Size and Volume Forecast by Application
9.4.1. Chemical
9.4.2. Petrochemical
9.4.3. Power Plant
9.4.4. Oil & Gas
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lap Joint Stub Ends Demand Share Forecast, 2019-2029
10. Latin America Lap Joint Stub Ends Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lap Joint Stub Ends Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lap Joint Stub Ends Market Size and Volume Forecast by Application
10.4.1. Chemical
10.4.2. Petrochemical
10.4.3. Power Plant
10.4.4. Oil & Gas
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lap Joint Stub Ends Demand Share Forecast, 2019-2029
11. Europe Lap Joint Stub Ends Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lap Joint Stub Ends Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lap Joint Stub Ends Market Size and Volume Forecast by Application
11.4.1. Chemical
11.4.2. Petrochemical
11.4.3. Power Plant
11.4.4. Oil & Gas
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lap Joint Stub Ends Demand Share, 2019-2029
12. Asia Pacific Lap Joint Stub Ends Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lap Joint Stub Ends Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lap Joint Stub Ends Market Size and Volume Forecast by Application
12.4.1. Chemical
12.4.2. Petrochemical
12.4.3. Power Plant
12.4.4. Oil & Gas
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lap Joint Stub Ends Demand Share, 2019-2029
13. Middle East & Africa Lap Joint Stub Ends Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lap Joint Stub Ends Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lap Joint Stub Ends Market Size and Volume Forecast by Application
13.4.1. Chemical
13.4.2. Petrochemical
13.4.3. Power Plant
13.4.4. Oil & Gas
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lap Joint Stub Ends Market Size and Volume Forecast by TypeABC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lap Joint Stub Ends Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lap Joint Stub Ends Market: Market Share Analysis
14.2. Lap Joint Stub Ends Distributors and Customers
14.3. Lap Joint Stub Ends Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Metal Udyog
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rajendra Industrial Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Coastal Flange
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Neo Impex Stainless
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Guru Gautam Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Supreme Steel & Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vishal Steel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook