North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Forecast to 2030 - Regional Analysis - by Product Type (Pipes, Fittings, and Flanges) and Material Type (Steel, Alloy Steel, Nickel Alloy, and Copper Alloy)

Description

List of Tables

The North America offshore oil and gas pipes, fittings, and flanges market is expected to grow from US$ 1,373.88 million in 2022 to US$ 2,455.49 million by 2030. It is estimated to record a CAGR of 7.5% from 2022 to 2030.

Adoption of Efficient Oil Recovery Techniques Fuels North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market

The crude oil extraction process involves three phases-primary, secondary, and tertiary [enhanced oil recovery (EOR)] recovery. As several oil fields have already been used up excessively for oil production, operators of these projects are focusing on tertiary or EOR stages that help extract 30-60% or more of a reservoir's original oil output. Thermal EOR techniques have gained considerable traction in recent years. According to the Global CCS Institute database, around 220 commercial-scale CCS facilities are reportedly in the development stages worldwide. About 15 of them explicitly intend to use CO2 for enhanced oxygen recovery (EOR), with the remaining ones driven by decarbonization. Thus, the oil & gas industry is witnessing a trend toward efficient oil extraction techniques, which is expected to support the growth of the offshore oil & gas pipes, fittings, and flanges market in the coming years.

North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Overview

North America is one of the major oils & gas exporters across the world. The US accounts for more than 18% of global oil production, which shows the presence of many onshore and offshore oil fields across the region. Oil & gas fields require a lot of pipelines for different applications, including upstream, midstream, and downstream operations. Moreover, oil & gas are also processed with various chemicals that generate a lot of slag and corrosion in the pipelines and fittings. For such issues, the pipelines, fittings, and flanges are maintained or replaced (if required) periodically. One of the major factors driving the growth of the oil & gas pipes, fittings, and flanges market includes the rising number of oil & gas rigs across different countries of North America. For instance, below are the number of overall rigs for the North American countries. Such an increasing number of oil rigs is one of the major factors driving the integration of large volumes of pipes, fittings, and flanges across the respective countries of the region. In addition, increasing crude oil production is another major factor expected to generate new demand for the installation of pipelines, flanges, and fittings in the coming years.

North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Revenue and Forecast to 2030 (US$ Million)

North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Segmentation

The North America offshore oil and gas pipes, fittings, and flanges market is segmented into product type, material type, and country.

Based on product type, the North America offshore oil and gas pipes, fittings, and flanges market is segmented into pipes, fittings, and flanges. The pipes segment held the largest share of the North America offshore oil and gas pipes, fittings, and flanges market in 2022.

In terms of material type, the North America offshore oil and gas pipes, fittings, and flanges market is segmented into steel, alloy steel, nickel alloys, and copper alloys. The steel segment held the largest share of the North America offshore oil and gas pipes, fittings, and flanges market in 2022.

Based on country, the North America offshore oil and gas pipes, fittings, and flanges market is segmented into the US, Canada, and Mexico. The US dominated the North America offshore oil and gas pipes, fittings, and flanges market in 2022.

Sumitomo Corp, US Metals Inc, London Fittings & Flanges Ltd, American Piping Products Inc, AFG Holdings Inc, Flanschenwerk Bebitz GmbH, and Kerkau Manufacturing Inc are some of the leading companies operating in the North America offshore oil and gas pipes, fittings, and flanges market.

Product Code: BMIRE00030513

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Landscape

4.1 Overview
4.2 PORTER Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Supplier
- 4.3.2 Pipe Fittings and Flanges Manufacturer
- 4.3.3 End User
4.4 Cost Analysis
- 4.4.1 Cost Drivers and Cost Trend for Pipes, Fittings, and Flanges in the Offshore Oil and Gas Industry:

5. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Key Industry Dynamics

5.1 Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 High Crude Oil Prices Generating Demand for Efficient Offshore Rig Operations
- 5.2.2 Increasing Focus on Maximizing Oil Reserve Recovery and Extending Field Life
- 5.2.3 Growing Developments in Offshore Oil & Gas Industry
5.3 Market Restraints
- 5.3.1 Rising Shift from Fossil Fuels to Clean Energy
5.4 Market Opportunities
- 5.4.1 Efforts to Improve Oil Recovery Operations to Reduce Dependency on Oil & Gas Imports
5.5 Market Trends
- 5.5.1 Adoption of Efficient Oil Recovery Techniques
5.6 Impact of Drivers and Restraints:

6. Offshore Oil & Gas Pipes, Fittings, and Flanges Market - North America Market Analysis

6.1 Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue (US$ Million), 2022 - 2030
6.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market Forecast and Analysis

7. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Analysis - Product Type

7.1 Overview
7.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Product Type (2022 and 2030)
7.3 Pipes
- 7.3.1 Overview
- 7.3.2 Pipes Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Fittings
- 7.4.1 Overview
- 7.4.2 Fittings Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Flanges
- 7.5.1 Overview
- 7.5.2 Flanges Market, Revenue and Forecast to 2030 (US$ Million)

8. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Analysis - Material Type

8.1 Overview
8.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Material Type (2022 and 2030)
8.3 Steel
- 8.3.1 Overview
- 8.3.2 Steel Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Alloy Steel
- 8.4.1 Overview
- 8.4.2 Alloy Steel Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Nickel Alloy
- 8.5.1 Overview
- 8.5.2 Nickel Alloy Market, Revenue and Forecast to 2030 (US$ Million)
8.6 Copper Alloy
- 8.6.1 Overview
- 8.6.2 Copper Alloy Market, Revenue and Forecast to 2030 (US$ Million)

9. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Country Analysis

9.1 North America
- 9.1.1 North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Overview
- 9.1.2 North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Key Country- Revenue 2022 (US$ Mn)
- 9.1.3 North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts and Analysis - By Country
  - 9.1.3.1 North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts and Analysis - By Country
  - 9.1.3.2 US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.2.1 US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type
    - 9.1.3.2.2 US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type
  - 9.1.3.3 Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.3.1 Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type
    - 9.1.3.3.2 Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type
  - 9.1.3.4 Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.4.1 Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type
    - 9.1.3.4.2 Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 Mergers & Acquisitions

11. Company Profiles

11.1 Sumitomo Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 US Metals Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 London Fittings & Flanges Ltd
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 American Piping Products Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 AFG Holdings Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Flanschenwerk Bebitz GmbH
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Kerkau Manufacturing Inc
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix

12.1 About the Insight Partners
12.2 Word Index