The Market Reports

Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com

OCTG-Global Market Insights and Sales Trends 2025

OCTG-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1854060

No of Pages : 121

Synopsis
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.
The global OCTG market size is expected to reach US$ 17820 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of OCTG in various end use industries. The expanding demands from the Onshore and Offshore, are propelling OCTG market. Casing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Tubing segment is estimated at % CAGR for the next seven-year 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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for OCTG, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global OCTG market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global OCTG market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, OCTG sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of OCTG covered in this report include Tenaris, Vallourec, TMK Group, TPCO, Nippon Steel & Sumitomo Metal, U. S. Steel Tubular Products, ArcelorMittal, SANDVIK and Zekelman Industries, etc.
The global OCTG market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tenaris
Vallourec
TMK Group
TPCO
Nippon Steel & Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys & Services
Baosteel
Changbao
Hengyang Valin Steel Tube
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
Global OCTG market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global OCTG market, Segment by Type:
Casing
Tubing
Others
Global OCTG market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of OCTG manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of OCTG in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 OCTG Market Overview
1.1 OCTG Product Overview
1.2 OCTG Market Segment by Type
1.2.1 Casing
1.2.2 Tubing
1.2.3 Others
1.3 Global OCTG Market Size by Type
1.3.1 Global OCTG Market Size Overview by Type (2018-2029)
1.3.2 Global OCTG Historic Market Size Review by Type (2018-2023)
1.3.3 Global OCTG Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America OCTG Sales Breakdown by Type (2018-2023)
1.4.2 Europe OCTG Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific OCTG Sales Breakdown by Type (2018-2023)
1.4.4 Latin America OCTG Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa OCTG Sales Breakdown by Type (2018-2023)
2 Global OCTG Market Competition by Company
2.1 Global Top Players by OCTG Sales (2018-2023)
2.2 Global Top Players by OCTG Revenue (2018-2023)
2.3 Global Top Players by OCTG Price (2018-2023)
2.4 Global Top Manufacturers OCTG Manufacturing Base Distribution, Sales Area, Product Type
2.5 OCTG Market Competitive Situation and Trends
2.5.1 OCTG Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by OCTG Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in OCTG as of 2022)
2.7 Date of Key Manufacturers Enter into OCTG Market
2.8 Key Manufacturers OCTG Product Offered
2.9 Mergers & Acquisitions, Expansion
3 OCTG Status and Outlook by Region
3.1 Global OCTG Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global OCTG Historic Market Size by Region
3.2.1 Global OCTG Sales in Volume by Region (2018-2023)
3.2.2 Global OCTG Sales in Value by Region (2018-2023)
3.2.3 Global OCTG Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global OCTG Forecasted Market Size by Region
3.3.1 Global OCTG Sales in Volume by Region (2024-2029)
3.3.2 Global OCTG Sales in Value by Region (2024-2029)
3.3.3 Global OCTG Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global OCTG by Application
4.1 OCTG Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global OCTG Market Size by Application
4.2.1 Global OCTG Market Size Overview by Application (2018-2029)
4.2.2 Global OCTG Historic Market Size Review by Application (2018-2023)
4.2.3 Global OCTG Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America OCTG Sales Breakdown by Application (2018-2023)
4.3.2 Europe OCTG Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific OCTG Sales Breakdown by Application (2018-2023)
4.3.4 Latin America OCTG Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa OCTG Sales Breakdown by Application (2018-2023)
5 North America OCTG by Country
5.1 North America OCTG Historic Market Size by Country
5.1.1 North America OCTG Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America OCTG Sales in Volume by Country (2018-2023)
5.1.3 North America OCTG Sales in Value by Country (2018-2023)
5.2 North America OCTG Forecasted Market Size by Country
5.2.1 North America OCTG Sales in Volume by Country (2024-2029)
5.2.2 North America OCTG Sales in Value by Country (2024-2029)
6 Europe OCTG by Country
6.1 Europe OCTG Historic Market Size by Country
6.1.1 Europe OCTG Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe OCTG Sales in Volume by Country (2018-2023)
6.1.3 Europe OCTG Sales in Value by Country (2018-2023)
6.2 Europe OCTG Forecasted Market Size by Country
6.2.1 Europe OCTG Sales in Volume by Country (2024-2029)
6.2.2 Europe OCTG Sales in Value by Country (2024-2029)
7 Asia-Pacific OCTG by Region
7.1 Asia-Pacific OCTG Historic Market Size by Region
7.1.1 Asia-Pacific OCTG Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific OCTG Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific OCTG Sales in Value by Region (2018-2023)
7.2 Asia-Pacific OCTG Forecasted Market Size by Region
7.2.1 Asia-Pacific OCTG Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific OCTG Sales in Value by Region (2024-2029)
8 Latin America OCTG by Country
8.1 Latin America OCTG Historic Market Size by Country
8.1.1 Latin America OCTG Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America OCTG Sales in Volume by Country (2018-2023)
8.1.3 Latin America OCTG Sales in Value by Country (2018-2023)
8.2 Latin America OCTG Forecasted Market Size by Country
8.2.1 Latin America OCTG Sales in Volume by Country (2024-2029)
8.2.2 Latin America OCTG Sales in Value by Country (2024-2029)
9 Middle East and Africa OCTG by Country
9.1 Middle East and Africa OCTG Historic Market Size by Country
9.1.1 Middle East and Africa OCTG Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa OCTG Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa OCTG Sales in Value by Country (2018-2023)
9.2 Middle East and Africa OCTG Forecasted Market Size by Country
9.2.1 Middle East and Africa OCTG Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa OCTG Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tenaris
10.1.1 Tenaris Company Information
10.1.2 Tenaris Introduction and Business Overview
10.1.3 Tenaris OCTG Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tenaris OCTG Products Offered
10.1.5 Tenaris Recent Development
10.2 Vallourec
10.2.1 Vallourec Company Information
10.2.2 Vallourec Introduction and Business Overview
10.2.3 Vallourec OCTG Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Vallourec OCTG Products Offered
10.2.5 Vallourec Recent Development
10.3 TMK Group
10.3.1 TMK Group Company Information
10.3.2 TMK Group Introduction and Business Overview
10.3.3 TMK Group OCTG Sales, Revenue and Gross Margin (2018-2023)
10.3.4 TMK Group OCTG Products Offered
10.3.5 TMK Group Recent Development
10.4 TPCO
10.4.1 TPCO Company Information
10.4.2 TPCO Introduction and Business Overview
10.4.3 TPCO OCTG Sales, Revenue and Gross Margin (2018-2023)
10.4.4 TPCO OCTG Products Offered
10.4.5 TPCO Recent Development
10.5 Nippon Steel & Sumitomo Metal
10.5.1 Nippon Steel & Sumitomo Metal Company Information
10.5.2 Nippon Steel & Sumitomo Metal Introduction and Business Overview
10.5.3 Nippon Steel & Sumitomo Metal OCTG Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nippon Steel & Sumitomo Metal OCTG Products Offered
10.5.5 Nippon Steel & Sumitomo Metal Recent Development
10.6 U. S. Steel Tubular Products
10.6.1 U. S. Steel Tubular Products Company Information
10.6.2 U. S. Steel Tubular Products Introduction and Business Overview
10.6.3 U. S. Steel Tubular Products OCTG Sales, Revenue and Gross Margin (2018-2023)
10.6.4 U. S. Steel Tubular Products OCTG Products Offered
10.6.5 U. S. Steel Tubular Products Recent Development
10.7 ArcelorMittal
10.7.1 ArcelorMittal Company Information
10.7.2 ArcelorMittal Introduction and Business Overview
10.7.3 ArcelorMittal OCTG Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ArcelorMittal OCTG Products Offered
10.7.5 ArcelorMittal Recent Development
10.8 SANDVIK
10.8.1 SANDVIK Company Information
10.8.2 SANDVIK Introduction and Business Overview
10.8.3 SANDVIK OCTG Sales, Revenue and Gross Margin (2018-2023)
10.8.4 SANDVIK OCTG Products Offered
10.8.5 SANDVIK Recent Development
10.9 Zekelman Industries
10.9.1 Zekelman Industries Company Information
10.9.2 Zekelman Industries Introduction and Business Overview
10.9.3 Zekelman Industries OCTG Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Zekelman Industries OCTG Products Offered
10.9.5 Zekelman Industries Recent Development
10.10 SB international Inc
10.10.1 SB international Inc Company Information
10.10.2 SB international Inc Introduction and Business Overview
10.10.3 SB international Inc OCTG Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SB international Inc OCTG Products Offered
10.10.5 SB international Inc Recent Development
10.11 Continental Alloys & Services
10.11.1 Continental Alloys & Services Company Information
10.11.2 Continental Alloys & Services Introduction and Business Overview
10.11.3 Continental Alloys & Services OCTG Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Continental Alloys & Services OCTG Products Offered
10.11.5 Continental Alloys & Services Recent Development
10.12 Baosteel
10.12.1 Baosteel Company Information
10.12.2 Baosteel Introduction and Business Overview
10.12.3 Baosteel OCTG Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Baosteel OCTG Products Offered
10.12.5 Baosteel Recent Development
10.13 Changbao
10.13.1 Changbao Company Information
10.13.2 Changbao Introduction and Business Overview
10.13.3 Changbao OCTG Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Changbao OCTG Products Offered
10.13.5 Changbao Recent Development
10.14 Hengyang Valin Steel Tube
10.14.1 Hengyang Valin Steel Tube Company Information
10.14.2 Hengyang Valin Steel Tube Introduction and Business Overview
10.14.3 Hengyang Valin Steel Tube OCTG Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Hengyang Valin Steel Tube OCTG Products Offered
10.14.5 Hengyang Valin Steel Tube Recent Development
10.15 JFE
10.15.1 JFE Company Information
10.15.2 JFE Introduction and Business Overview
10.15.3 JFE OCTG Sales, Revenue and Gross Margin (2018-2023)
10.15.4 JFE OCTG Products Offered
10.15.5 JFE Recent Development
10.16 Interpipe
10.16.1 Interpipe Company Information
10.16.2 Interpipe Introduction and Business Overview
10.16.3 Interpipe OCTG Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Interpipe OCTG Products Offered
10.16.5 Interpipe Recent Development
10.17 Voestalpine
10.17.1 Voestalpine Company Information
10.17.2 Voestalpine Introduction and Business Overview
10.17.3 Voestalpine OCTG Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Voestalpine OCTG Products Offered
10.17.5 Voestalpine Recent Development
10.18 Evraz
10.18.1 Evraz Company Information
10.18.2 Evraz Introduction and Business Overview
10.18.3 Evraz OCTG Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Evraz OCTG Products Offered
10.18.5 Evraz Recent Development
10.19 JESCO
10.19.1 JESCO Company Information
10.19.2 JESCO Introduction and Business Overview
10.19.3 JESCO OCTG Sales, Revenue and Gross Margin (2018-2023)
10.19.4 JESCO OCTG Products Offered
10.19.5 JESCO Recent Development
10.20 Jindal Saw
10.20.1 Jindal Saw Company Information
10.20.2 Jindal Saw Introduction and Business Overview
10.20.3 Jindal Saw OCTG Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Jindal Saw OCTG Products Offered
10.20.5 Jindal Saw Recent Development
10.21 Maharashtra
10.21.1 Maharashtra Company Information
10.21.2 Maharashtra Introduction and Business Overview
10.21.3 Maharashtra OCTG Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Maharashtra OCTG Products Offered
10.21.5 Maharashtra Recent Development
10.22 SeAH Steel
10.22.1 SeAH Steel Company Information
10.22.2 SeAH Steel Introduction and Business Overview
10.22.3 SeAH Steel OCTG Sales, Revenue and Gross Margin (2018-2023)
10.22.4 SeAH Steel OCTG Products Offered
10.22.5 SeAH Steel Recent Development
10.23 Nexteel
10.23.1 Nexteel Company Information
10.23.2 Nexteel Introduction and Business Overview
10.23.3 Nexteel OCTG Sales, Revenue and Gross Margin (2018-2023)
10.23.4 Nexteel OCTG Products Offered
10.23.5 Nexteel Recent Development
10.24 Hyundai Hysco
10.24.1 Hyundai Hysco Company Information
10.24.2 Hyundai Hysco Introduction and Business Overview
10.24.3 Hyundai Hysco OCTG Sales, Revenue and Gross Margin (2018-2023)
10.24.4 Hyundai Hysco OCTG Products Offered
10.24.5 Hyundai Hysco Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 OCTG Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 OCTG Industrial Chain Analysis
11.4 OCTG Market Dynamics
11.4.1 OCTG Industry Trends
11.4.2 OCTG Market Drivers
11.4.3 OCTG Market Challenges
11.4.4 OCTG Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 OCTG Distributors
12.3 OCTG Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

Why ‘The Market Reports’