Global Oil Country Tubular Goods (OCTG) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Oil Country Tubular Goods (OCTG) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global Oil Country Tubular Goods (OCTG) market size was valued at US$ 15470 million in 2023 and is forecast to a readjusted size of USD 23090 million by 2030 with a CAGR of 6.0% during review period.

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%.

This report is a detailed and comprehensive analysis for global Oil Country Tubular Goods (OCTG) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Oil Country Tubular Goods (OCTG) market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Oil Country Tubular Goods (OCTG) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Oil Country Tubular Goods (OCTG) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Oil Country Tubular Goods (OCTG) market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Oil Country Tubular Goods (OCTG)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Oil Country Tubular Goods (OCTG) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study 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, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Oil Country Tubular Goods (OCTG) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Seamless
Welded

Market segment by Application
Onshore
Offshore

Major players covered
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.
JJiangsu Changbao Steeltube
Hunan Valin Iron & Steel Group
Tianjin Steel Pipe Group (TPCO)
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Oil Country Tubular Goods (OCTG) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Oil Country Tubular Goods (OCTG), with price, sales quantity, revenue, and global market share of Oil Country Tubular Goods (OCTG) from 2019 to 2024.

Chapter 3, the Oil Country Tubular Goods (OCTG) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Oil Country Tubular Goods (OCTG) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Oil Country Tubular Goods (OCTG) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Oil Country Tubular Goods (OCTG).

Chapter 14 and 15, to describe Oil Country Tubular Goods (OCTG) sales channel, distributors, customers, research findings and conclusion.