Global Oil Country Tabular Goods (OCTG) Market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030 from USD 3.6 billion in 2018. The growth of the market is driven by increasing demand for OCTG in oil and gas industry, which is anticipated to be the major application segment of OCTG during the forecast period.
API Standard OCTG accounted for over 50% share of global market revenue in 2018 and it is expected to maintain its dominance throughout the forecast period owing to its high demand from oil and gas industry as well as its low cost compared with other types of OCTGs such as NoAPI Standard OCTGs.
Some Of The Growth Factors Of This Market:
- The growth of the OCTG market is driven by the increasing demand for oil and gas exploration and production activities in North America, Europe, Asia Pacific, Middle East and Africa.
- Increasing demand for drilling equipment in emerging economies such as China and India will also drive the growth of the OCTG market.
- Increasing investments in oil & gas exploration activities will lead to an increase in demand for OCTG products.
- Growing awareness about environmental issues such as climate change will also drive the growth of this market.
Industry Growth Insights published a new data on “Oil Country Tabular Goods (OCTG) Market”. The research report is titled “Oil Country Tabular Goods (OCTG) Market research by Types (API Standard OCTG, Non-API Standard OCTG), By Applications (Oil Field, Gas Field), By Players/Companies Vallourec, Tenaris, TMK Group, U. S. Steel Tubular Products, Nippon Steel & Sumitomo Metal Corp, JFE, TPCO, ArcelorMittal, Chelyabinsk Pipe, Evraz, HUSTEEL, SANDVIK, Energex Tube (JMC), Northwest Pipe, SB international, Continental Alloys & Services, BOHAI STEEL”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Country Tabular Goods (OCTG) Market Research Report
By Type
API Standard OCTG, Non-API Standard OCTG
By Application
Oil Field, Gas Field
By Companies
Vallourec, Tenaris, TMK Group, U. S. Steel Tubular Products, Nippon Steel & Sumitomo Metal Corp, JFE, TPCO, ArcelorMittal, Chelyabinsk Pipe, Evraz, HUSTEEL, SANDVIK, Energex Tube (JMC), Northwest Pipe, SB international, Continental Alloys & Services, BOHAI STEEL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Oil Country Tabular Goods (OCTG) Market Report Segments:
The global Oil Country Tabular Goods (OCTG) market is segmented on the basis of:
Types
API Standard OCTG, Non-API Standard OCTG
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Field, Gas Field
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vallourec
- Tenaris
- TMK Group
- U. S. Steel Tubular Products
- Nippon Steel & Sumitomo Metal Corp
- JFE
- TPCO
- ArcelorMittal
- Chelyabinsk Pipe
- Evraz
- HUSTEEL
- SANDVIK
- Energex Tube (JMC)
- Northwest Pipe
- SB international
- Continental Alloys & Services
- BOHAI STEEL
 Market Overview.svg)
Highlights of The Oil Country Tabular Goods (OCTG) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- API Standard OCTG
- Non-API Standard OCTG
- By Application:
- Oil Field
- Gas Field
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil Country Tabular Goods (OCTG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil Country Tabular Goods (OCTG) is a classification of goods used to measure the value of oil and natural gas production. OCTG classifies goods by their physical characteristics, such as weight, size and shape.
Some of the key players operating in the oil country tabular goods (octg) market are Vallourec, Tenaris, TMK Group, U. S. Steel Tubular Products, Nippon Steel & Sumitomo Metal Corp, JFE, TPCO, ArcelorMittal, Chelyabinsk Pipe, Evraz, HUSTEEL, SANDVIK, Energex Tube (JMC), Northwest Pipe, SB international, Continental Alloys & Services, BOHAI STEEL.
The oil country tabular goods (octg) market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Country Tabular Goods (OCTG) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Country Tabular Goods (OCTG) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Country Tabular Goods (OCTG) Market - Supply Chain
4.5. Global Oil Country Tabular Goods (OCTG) Market Forecast
4.5.1. Oil Country Tabular Goods (OCTG) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Country Tabular Goods (OCTG) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Country Tabular Goods (OCTG) Market Absolute $ Opportunity
5. Global Oil Country Tabular Goods (OCTG) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
5.3.1. API Standard OCTG
5.3.2. Non-API Standard OCTG
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Country Tabular Goods (OCTG) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
6.3.1. Oil Field
6.3.2. Gas Field
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Country Tabular Goods (OCTG) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Country Tabular Goods (OCTG) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Country Tabular Goods (OCTG) Demand Share Forecast, 2019-2026
9. North America Oil Country Tabular Goods (OCTG) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
9.4.1. Oil Field
9.4.2. Gas Field
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
9.7.1. API Standard OCTG
9.7.2. Non-API Standard OCTG
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Country Tabular Goods (OCTG) Demand Share Forecast, 2019-2026
10. Latin America Oil Country Tabular Goods (OCTG) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
10.4.1. Oil Field
10.4.2. Gas Field
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
10.7.1. API Standard OCTG
10.7.2. Non-API Standard OCTG
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Country Tabular Goods (OCTG) Demand Share Forecast, 2019-2026
11. Europe Oil Country Tabular Goods (OCTG) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
11.4.1. Oil Field
11.4.2. Gas Field
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
11.7.1. API Standard OCTG
11.7.2. Non-API Standard OCTG
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Country Tabular Goods (OCTG) Demand Share, 2019-2026
12. Asia Pacific Oil Country Tabular Goods (OCTG) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
12.4.1. Oil Field
12.4.2. Gas Field
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
12.7.1. API Standard OCTG
12.7.2. Non-API Standard OCTG
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Country Tabular Goods (OCTG) Demand Share, 2019-2026
13. Middle East & Africa Oil Country Tabular Goods (OCTG) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Application
13.4.1. Oil Field
13.4.2. Gas Field
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Country Tabular Goods (OCTG) Market Size and Volume Forecast by Type
13.7.1. API Standard OCTG
13.7.2. Non-API Standard OCTG
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Country Tabular Goods (OCTG) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Country Tabular Goods (OCTG) Market: Market Share Analysis
14.2. Oil Country Tabular Goods (OCTG) Distributors and Customers
14.3. Oil Country Tabular Goods (OCTG) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vallourec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tenaris
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TMK Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. U. S. Steel Tubular Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nippon Steel & Sumitomo Metal Corp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JFE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TPCO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ArcelorMittal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chelyabinsk Pipe
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Evraz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HUSTEEL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SANDVIK
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Energex Tube (JMC)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Northwest Pipe
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SB international
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Continental Alloys & Services
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BOHAI STEEL
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
