Report overview
OCTG is the abbreviation of oil country tubular goods, also known as oil well pipe in China. It refers to a kind of steel pipe specially used for oil and gas exploitation, most of which are seamless, but welded pipe also accounts for a considerable proportion. It can be divided into four categories: oil pipe, casing pipe, drill pipe and pipeline pipe.
According to the material and properties of the steel pipe, the oil well pipe is divided into different steel grades. Different steel grades represent different metal elements composition, process requirements and corresponding performance conditions. According to the chemical composition, tensile properties, yield strength and hardness requirements, oil well pipes are generally divided into four groups according to API classification method, with 11 steel grades and 19 specifications. According to the different yield strength and properties of products, there are low and medium grade steel and high grade oil well pipe.
In addition to API, there are some non API oil well pipes, which are mainly for steel grade. The appearance of non API grade steel is due to the situation of ultra deep well, high temperature and high temperature and different corrosion composition with the exploration and exploitation of oil and gas. The oil well pipe and steel pipe production enterprises must adjust the metal element composition in the pipe body or adopt different processing methods to treat the steel pipe, so as to meet the performance requirements of different environments.
This report aims to provide a comprehensive presentation of the global market for Oil Country Tubular Goods (OCTG), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oil Country Tubular Goods (OCTG). This report contains market size and forecasts of Oil Country Tubular Goods (OCTG) in global, including the following market information:
Global Oil Country Tubular Goods (OCTG) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Oil Country Tubular Goods (OCTG) Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Oil Country Tubular Goods (OCTG) companies in 2022 (%)
The global Oil Country Tubular Goods (OCTG) market was valued at US$ 14510 million in 2022 and is projected to reach US$ 21580 million by 2029, at a CAGR of 5.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In terms of product types, OCTG can be generally divided into Casing, Tubing and others. In 2019, the market share of OCTG(Tubing) is the largest, accounting for about 78%.
In terms of product application, OCTG can be mainly used on Onshore and Offshore, among which, in 2019, the application in the field of Onshore accounts for the largest proportion, about 67%.
We surveyed the Oil Country Tubular Goods (OCTG) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil Country Tubular Goods (OCTG) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Country Tubular Goods (OCTG) Market Segment Percentages, by Type, 2022 (%)
Casing
Tubing
Other
Global Oil Country Tubular Goods (OCTG) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Country Tubular Goods (OCTG) Market Segment Percentages, by Application, 2022 (%)
Onshore
Offshore
Global Oil Country Tubular Goods (OCTG) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Oil Country Tubular Goods (OCTG) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil Country Tubular Goods (OCTG) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Oil Country Tubular Goods (OCTG) revenues share in global market, 2022 (%)
Key companies Oil Country Tubular Goods (OCTG) sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Oil Country Tubular Goods (OCTG) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Tenaris
Vallourec
TMK Group
Nippon Steel and Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys and Services
Baoshan Iron and Steel Co.,Ltd.
Jiangsu Changbao Steel tube Co.,Ltd.
Hunan Valin Hengyang Steel Tube(Group)Co.,Ltd.
Tian Jin Pipe (group) Corporation(TPCO)
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oil Country Tubular Goods (OCTG), market overview.
Chapter 2: Global Oil Country Tubular Goods (OCTG) market size in revenue and volume.
Chapter 3: Detailed analysis of Oil Country Tubular Goods (OCTG) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Oil Country Tubular Goods (OCTG) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Oil Country Tubular Goods (OCTG) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
