Global Oil Country Tubular Goods OCTG Pipes
Market Report
2024
Oil Country Tubular Goods OCTG Pipes Market size was valued at 21.73 USD billion in 2021 and is projected to reach 34.96 USD billion by 2029, exhibiting a 6.21 % during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Oil Country Tubular Goods OCTG Pipes Market Report 2024.
The Global Oil Country Tubular Goods OCTG Pipes Market size was valued at 21.73 USD billion in 2021 and is projected to reach 34.96 USD billion by 2029, exhibiting a 6.21 % during the forecast period.
The Seamless segment dominates the Oil Country Tubular Goods market due to the rising use of seamless tubes in the oil.
The Well casing segment has the highest market share of the Oil Country Tubular Goods market.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Oil Country Tubular Goods OCTG Pipes Market Sales Revenue 2021 | $ 21.73 Billion |
Global Oil Country Tubular Goods OCTG Pipes Market Sales Revenue 2029 | $ 34.96 Billion |
Global Oil Country Tubular Goods OCTG Pipes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.21% |
Market Split by Manufacturing Process |
|
Market Split by Application |
|
Market Split by Product |
|
Market Split by Grade |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Oil Country Tubular Goods OCTG Pipes industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Oil Country Tubular Goods OCTG Pipes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Oil Country Tubular Goods (OCTG) refers to the family of seamless rolled products consisting of casing, tubing, piping and pipelines used in the oil and gas industry. Oil Country Tubular Goods are also considered as a foundation of oil and gas well design and pipeline design. The oil country tubular goods provide channels for the safe and efficient transport of oil and gas products to market.
Market Dynamic Factors for Oil Country Tubular Goods Market
Oil and gas are non-renewable sources of energy. The world has showcased high dependence on oil and gas products to meet and fulfil a wide array of requirements right from personal, to residential, commercial, and industrial needs. Thus, increasing demand and dependency on oil and gas has been estimated which drives the growth of the oil and gas market. The increasing population and growing industrialization further drive the demand for oil and gas products.
According to the study, global petroleum consumption in 2018 was almost 100 million units of barrels per day.
According to U.S. Energy Information Administration in 2021, U.S. petroleum consumption averaged about 19.78 million barrels per day (b/d).
The oil and gas industry plays a vital role in the economy of the associated nations. As all nations are not blessed with oil and gas reservoirs, the blessed nation always has an upper hand when it comes to the distribution of oil and gas among other nations which is directly related to the national economy.
Thus, several countries and oil and gas companies are directing themselves toward the exploration and extraction of oil and gas from conventional and unconventional oil resources which required advanced drilling and piping systems
According to American Petroleum Institute, the oil and gas industry’s total impact on US GDP was nearly $1.7 trillion, accounting for 7.9 percent of the national total in 2019 and it supports 10.3 million jobs in the United States
Further emerging trends such as the internet of things, AI, robotics, automation, big-data analytics, blockchain, and other technologies are expected to change the dimensions of oil and gas refineries. The rising deployment of advanced technology such as hydraulic horizontal drilling and fracturing technology is also boosting the growth of the Oil Country Tubular Goods market. Pipeline plays a significant role in the transport of natural gas right from the collection of products from the source to the shipment and storage of oil or liquefied natural gas (LNG). Thus, the mounting oil and gas industry drives the growth of the oil country tubular goods market.
Restrain factor for Oil Country Tubular Goods Market
The world is dealing with several nature-related problems such as global warming, depletion of non-renewable resources, etc. Thus, in order to reduce the dependency on non-renewable resources like oil and gas, fossil fuels, etc. several government and nongovernment authorities are promoting the usage of alternative renewable energy sources. Moreover, owing to the high cost associated with exploration, production, import, and supply disruption of oil and gas, several governments are also taking demand restraint measures to reduce oil consumption in the country. As there is mounting usage and acceptance of renewable energy, a reduction in oil and gas consumption is been observed. Thus, the depletion of oil and gas reservoirs and reduced demand for oil and gas may act as a restraining factor for the oil country tubular goods market.
We have various report editions of Oil Country Tubular Goods OCTG Pipes Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Oil Country Tubular Goods OCTG Pipes Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America has the highest market share due to the increasing drilling operation in the regions of the United States and Canada. Further, the growing drilling activities associated with shale oil and increasing focus on horizontal and directional drilling activities are driving the growth of the oil country tubular goods market. Moreover, owing to the favourable government policies and the presence of key market players, North America is expected to hold the top position in the forecast period. Asia pacific holds the second position in terms of market share followed by Europe.
The current report Scope analyzes Oil Country Tubular Goods OCTG Pipes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Oil Country Tubular Goods OCTG Pipes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Oil Country Tubular Goods OCTG Pipes Industry growth. Oil Country Tubular Goods OCTG Pipes market has been segmented with the help of its Manufacturing Process, Application Product, and others. Oil Country Tubular Goods OCTG Pipes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the manufacturing process, the seamless segment dominates the Oil Country Tubular Goods market due to the rising use of seamless tubes in the oil and gas industry as there are capable of withstanding high pressure without cracking and provides uniformity of shape making them suitable for high-pressure operation such as in hydrogen exploration and production.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Oil Country Tubular Goods OCTG Pipes Industry. Request a Free Sample PDF!
Based on the application segment, onshore dominated the Oil Country Tubular Goods market owing to the increasing investment in the onshore drilling processBased on the application segment, onshore dominated the Oil Country Tubular Goods market owing to the increasing investment in the onshore drilling process
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Based on the products segment, the Well casing segment has the highest market share of the Oil Country Tubular Goods market. It is an essential component of drilling as it helps to eliminate the chances of contamination and support the wall of the well.Based on the products segment, the Well casing segment has the highest market share of the Oil Country Tubular Goods market. It is an essential component of drilling as it helps to eliminate the chances of contamination and support the wall of the well.
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Oil Country Tubular Goods OCTG Pipes Market is witnessing significant growth in the near future.
In 2023, the Electric Resistance Welded (ERW) segment accounted for noticeable share of global Oil Country Tubular Goods OCTG Pipes Market and is projected to experience significant growth in the near future.
The Onshore segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Evraz, SANDVIK and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Manufacturing Process | Electric Resistance Welded (ERW), Seamless |
Application | Onshore, Offshore |
Product | Well Casing, Product Tubing, Drill Pipe Others |
Grade | API Grade, Premium Grade |
List of Competitors | Evraz, Continental Alloys and Services, SANDVIK, Energex Tube (JMC), Anhui Tianda Oil Pipe Company, Chelyabinsk Pipe, HUBEI XINYEGANG STEEL, CHANGBAO, TMK Group, U. S. Steel Tubular Products, Tenaris, Vallourec, JFE, ArcelorMittal, Tianjin Tiangang Special Petroleum Pipe Manufacture, Jiuli, Jiangsu Yulong Steel Pipe, TPCO, WSP Holdings Limited, BOHAI STEEL GROUP CO, Nippon Steel and Sumitomo Metal Corp, Northwest Pipe, CNOOC KINGLAND PIPELINE, SB international Inc, CNPC BAOJI PETROLEUM STEEL PIPE, HUSTEEL |
This chapter will help you gain GLOBAL Market Analysis of Oil Country Tubular Goods OCTG Pipes. Further deep in this chapter, you will be able to review Global Oil Country Tubular Goods OCTG Pipes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Manufacturing Process Analysis 2019 -2031, will provide market size split by Manufacturing Process. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Manufacturing Process Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Grade Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Oil Country Tubular Goods OCTG Pipes market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Electric Resistance Welded (ERW) have a significant impact on Oil Country Tubular Goods OCTG Pipes market? |
What are the key factors affecting the Electric Resistance Welded (ERW) and Seamless of Oil Country Tubular Goods OCTG Pipes Market? |
What is the CAGR/Growth Rate of Onshore during the forecast period? |
By type, which segment accounted for largest share of the global Oil Country Tubular Goods OCTG Pipes Market? |
Which region is expected to dominate the global Oil Country Tubular Goods OCTG Pipes Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Oil Country Tubular Goods OCTG Pipes Market
Request Sample