North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Forecast to 2030

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)

Send Enquiry
Item ID: BMIRE00030513 Category: Tag:

$2,485$3,885

Description

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.

Summary Info

Industry:

Pricing options:

, ,

Geographical coverage:

Year of Publication:

At 7.5% CAGR, North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market is Speculated to be Worth US$ 2,455.49 Million by 2030, says the Research Team

According to the Research Team research, the North America offshore oil and gas pipes, fittings, and flanges market was valued at US$ 1,373.88 million in 2022 and is expected to reach US$ 2,455.49 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. High crude oil prices generating demand for efficient offshore rig operations and increasing focus on maximizing oil reserve recovery and extending field life and growing developments in offshore oil & gas industry are among the critical factors attributed to the North America offshore oil and gas pipes, fittings, and flanges market expansion.

The demand for oil & gas is rising worldwide owing to the increasing demand for energy. Per a report published by the International Energy Agency (IEA) in May 2023, global oil demand is projected to increase by 2.2 million barrels per day (mb/d) year-on-year in 2023 to an average of 102 mb/d, 200 kb/d more than oil demand published in April 2023 Sourcing oil from more far-flung locations is expected to keep prices high. Such high crude oil prices enable market players to extract oil profitably with high-cost extraction techniques. EOR methods often involve additional costs compared to conventional oil extraction techniques. When oil prices are high, the increased revenue from selling oil can make EOR projects economically viable. Higher oil prices provide a stronger financial incentive for operators to invest in EOR technologies and maximize their production rates. Thus, the growing demand for crude oil and the rising costs are enabling key oil producers to focus on enhanced oil recovery (EOR) projects. Hence, such implementation of EOR projects drives the offshore oil & gas pipes, fittings, and flanges market growth.

On the contrary, rising shift from fossil fuels to clean Energy hampers the growth of North America offshore oil and gas pipes, fittings, and flanges market.

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 78.7% share of North America offshore oil and gas pipes, fittings, and flanges market in 2022, amassing US$ 1,080.69 million. It is projected to garner US$ 2,037.14 million by 2030 to expand at 8.2% CAGR during 2022-2030.

In terms of material type, the North America offshore oil and gas pipes, fittings, and flanges market is categorized steel, alloy steel, nickel alloys, and copper alloys. The steel segment held 43.8% share of 601.84 North America offshore oil and gas pipes, fittings, and flanges market in 2022, amassing US$ 601.8 million. It is projected to garner US$ 1,110.70 million by 2030 to expand at 8.0% CAGR during 2022-2030.

By country, the North America offshore oil and gas pipes, fittings, and flanges market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 38.1% share of North America offshore oil and gas pipes, fittings, and flanges market in 2022. It was assessed at US$ 522.84 million in 2022 and is likely to hit US$ 957.42 million by 2030, exhibiting a CAGR of 7.9% during 2022-2030.

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

In October 2023, TechnipFMC awarded a contract to manufacture flexible pipe by Woodside Energy. The Company will supply infield flowlines and jumpers for the Trion project in deep-water Mexico.

In June 2021, AFG Holdings, Inc. announced that it has acquired the shares of Maass Flange Corporation and its affiliated businesses in Mexico and Canada. Maass Flange Corporation is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America offshore oil and gas pipes, fittings, and flanges market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America offshore oil and gas pipes, fittings, and flanges market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America offshore oil and gas pipes, fittings, and flanges market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams 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 the Reporting Teams
12.2 Word Index

LIST OF TABLES

Table 1. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Segmentation
Table 2. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Million) – Product Type
Table 4. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Million) – Material Type
Table 5. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Product Type
Table 7. US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Material Type
Table 8. Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Product Type
Table 9. Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Material Type
Table 10. Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Product Type
Table 11. Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) – By Material Type
Table 12. List of Abbreviation

LIST OF FIGURES

Figure 1. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Segmentation, By Country
Figure 2. PORTER Analysis
Figure 3. Ecosystem: Offshore Oil & Gas Pipes, Fittings, and Flanges Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue (US$ Million), 2022 – 2030
Figure 6. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Share (%) – Product Type, 2022 and 2030
Figure 7. Pipes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Fittings Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Flanges Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Share (%) – Material Type, 2022 and 2030
Figure 11. Steel Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Alloy Steel Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Nickel Alloy Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Copper Alloy Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By key country- Revenue 2022 (US$ Mn)
Figure 16. North America Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Country (2022 and 2030)
Figure 17. US Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Canada Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Mexico Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

The List of Companies – North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market

1. Sumitomo Corp
2. US Metals Inc
3. London Fittings & Flanges Ltd
4. American Piping Products Inc
5. AFG Holdings Inc
6. Flanschenwerk Bebitz GmbH
7. Kerkau Manufacturing Inc

Reviews

There are no reviews yet.

Be the first to review “North America Offshore Oil and Gas Pipes, Fittings, and Flanges Market Forecast to 2030”