The global oil country tubular goods (OCTG) market size is anticipated to reach around US$ 96,998 Mn by 2027 and is anticipated to grow at a CAGR of around 7% in terms of revenue during the forecast period 2020 – 2027.
Oil country tabular goods (OCTG) are a family of seamless rolling products that consist of tubes, drill pipe and tubing, subject to different application loading conditions. OCTG in the production of oil and gas requires a high pressure due to carbon dioxide and sulfide hydrogen present in the well and corrosively. In recent years, petroleum and gas companies have seen an intensive count of drilling plants that have generated competition worldwide for oilfield services. The fall in the price of oil, lowered demand for petroleum-preserved materials. The stabilization of oil prices has seen strong development on increasing demand of oil country tabular goods (OCTG), led by the rise of shale production and increase in unconventional and horizontal drilling activities.
Market Insights
Increasing oil production and drilling activities are the factors that are projected to grow the global oil country tubular goods market during forecast period. Increased demand for quality pipes associated with the implementation of new technologies. Adequate collection of OCTG during drilling activities leads to reducing operating costs and decreasing risks. Market development also relies on increasing productivity and improvement in the sector of well drilling to increase the production of petroleum and gas supplies. Increasing competition for innovative Oil Country tubular products in emerging unconventional sectors gives companies an opportunity to invest and differentiate themselves from their competitors in new product development.
Report coverage
The market research study on “Oil Country Tubular Goods (OCTG) Market (By Type: Tubing, Casing, Drill Pipe; By Manufacturing Process: Seamless, Welded; By Grade: Premium, API) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global oil country tubular goods (OCTG) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global oil country tubular goods (OCTG) market are offering type, manufacturing process, grade and major geographic regions. The oil country tubular goods (OCTG) market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
North America accounts to hold major market share of global oil country tubular goods market due to various numbers of drilling activities in the region. Favorable government policies and spending by some leading players on the market is likely to provide the oil-country tubular goods market with robust production. The U.S. is continuously focused on maximizing oil and gas production to improve the supply-to-demand ratio. In fact, shale revolution is expected to push the demand and the enormous opportunity to access new wealth. It is predicted that Asia Pacific will be one of the world's fastest growing oil-country tubular goods due to various unconventional reserves and exploration activities, contributing to a competition for key players. Further technology development is also playing an important role in growth for the region as it helps to boost productivity and reduce production costs. Latin American countries, including Brazil, Venezuela, and Mexico, are investing heavily in the energy sector and the regions’ growing exploration activities have shown positive results. The established hydrocarbon industry in the UK and massive oil reserves well serving Middle East & Africa markets are the driving factors behind Europe demand.
Key Players
Major players included in this report ArcelorMittal, TMK IPSCO, Nippon Steel & Sumitomo Metal Corporation, Tenaris, TMK, U.S. Steel, SB International, Jindal Group, Kelly Pipe, Sim-Tex, and others.
The global oil country tubular goods (OCTG) market is segmented as below:
Market Segmentation
Oil Country Tubular Goods (OCTG) Market By Type
Oil Country Tubular Goods (OCTG) Market By Manufacturing Process
Oil Country Tubular Goods (OCTG) Market By Grade
Oil Country Tubular Goods (OCTG) Market By Application
Oil Country Tubular Goods (OCTG) Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Oil Country Tubular Goods (OCTG)
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Oil Country Tubular Goods (OCTG) Market By Type
1.2.2.1. Global Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate Comparison By Type (2016-2027)
1.2.2.2. Global Oil Country Tubular Goods (OCTG) Market Revenue Share By Type in 2019
1.2.2.3. Tubing
1.2.2.4. Casing
1.2.2.5. Drill Pipe
1.2.3. Oil Country Tubular Goods (OCTG) Market By Manufacturing Process
1.2.3.1. Global Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate Comparison By Manufacturing Process (2016-2027)
1.2.3.1.1. Seamless
1.2.3.1.2. Welded
1.2.4. Oil Country Tubular Goods (OCTG) Market By Grade
1.2.4.1. Global Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate Comparison By Grade (2016-2027)
1.2.4.2. Premium
1.2.4.3. API
1.2.5. Oil Country Tubular Goods (OCTG) Market By Application
1.2.5.1. Global Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.5.2. Onshore
1.2.5.3. Offshore
1.2.6. Oil Country Tubular Goods (OCTG) Market By Geography
1.2.6.1. Global Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.6.2. North America Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate(2016-2027)
1.2.6.3. Europe Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate(2016-2027)
1.2.6.4. Asia-Pacific Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate(2016-2027)
1.2.6.5. Latin America Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate(2016-2027)
1.2.6.6. Middle East and Africa (MEA) Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Oil Country Tubular Goods (OCTG) Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Oil Country Tubular Goods (OCTG) Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Oil Country Tubular Goods (OCTG) Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Oil Country Tubular Goods (OCTG) Major Manufacturers in 2019
CHAPTER 4. OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY TYPE
4.1. Global Oil Country Tubular Goods (OCTG) Revenue By Type
4.2. Tubing
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Casing
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Drill Pipe
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY MANUFACTURING PROCESS
5.1. Global Oil Country Tubular Goods (OCTG) Revenue By Manufacturing Process
5.2. Seamless
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Welded
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY GRADE
6.1. Global Oil Country Tubular Goods (OCTG) Revenue By Grade
6.2. Premium
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. API
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY APPLICATION
7.1. Global Oil Country Tubular Goods (OCTG) Revenue By Application
7.2. Onshore
7.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.3. Offshore
7.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY COUNTRY
8.1. North America Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. North America Oil Country Tubular Goods (OCTG) Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Oil Country Tubular Goods (OCTG) Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 9. EUROPE OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY COUNTRY
9.1. Europe Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Europe Oil Country Tubular Goods (OCTG) Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY COUNTRY
10.1. Asia-Pacific Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Asia-Pacific Oil Country Tubular Goods (OCTG) Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY COUNTRY
11.1. Latin America Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Latin America Oil Country Tubular Goods (OCTG) Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA OIL COUNTRY TUBULAR GOODS (OCTG) MARKET BY COUNTRY
12.1. Middle East & Africa Oil Country Tubular Goods (OCTG) Market Revenue and Growth Rate, 2016 - 2027 ($Million)
12.2. Middle East & Africa Oil Country Tubular Goods (OCTG) Market Revenue Share Comparison, 2016 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Manufacturing Process, 2016 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Grade, 2016 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. ArcelorMittal
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. TMK IPSCO
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Nippon Steel & Sumitomo Metal Corporation
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Tenaris
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. TMK
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. U.S. Steel
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. SB International
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Jindal Group
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Kelly Pipe
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Others
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
