The global OCTG market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas in emerging economies such as China and India. The increasing demand for oil and gas in these countries is expected to drive the demand for OCTG globally.
The global OCTG market is segmented on the basis of type, application, and region. On the basis of type, it is classified into duplex stainless steel (DSS), supeDuplex stainless steel (SDX), hypeDuplex stainless steel (HDX), high alloy stainless steel (HAS). On the basis of application, it is classified into oil & gas industry and other applications such as chemical processing industry, power generation industry etc On the basis of region, it has been classified into North America (NA), Latin America (LA), Europe (EU) Asia Pacific & Middle East & Africa(APMEA).
Some Of The Growth Factors Of This Market:
- The production tubing market is driven by the need for increased oil and gas exploration and production activities in the Middle East, North America, and Asia Pacific regions.
- Increasing demand for natural gas in China has led to an increase in demand for OCTG products.
- Increasing investments by oil companies in offshore drilling activities will drive the growth of the production tubing market.
- Growing shale gas reserves are expected to fuel the growth of this market.
Industry Growth Insights published a new data on “Production Tubing (OCTG) Market”. The research report is titled “Production Tubing (OCTG) Market research by Types (Duplex Stainless Steel, Super-Duplex Stainless Steel, Hyper-Duplex Stainless Steel, High Alloy Stainless Steel), By Applications (Oil, Gas), By Players/Companies Sandvik (Kanthal), Tejas Tubular, Tenaris, Jindal Pipes, U. S. Steel Tubular Products, EVRAZ, Vallourec, TMK, ChelPipe, JFE Steel, IPSCO, Nippon Steel & Sumitomo Metal, BENTELER, SeAH Steel, Saudi Steel Pipe, Weir”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Production Tubing (OCTG) Market Research Report
By Type
Duplex Stainless Steel, Super-Duplex Stainless Steel, Hyper-Duplex Stainless Steel, High Alloy Stainless Steel
By Application
Oil, Gas
By Companies
Sandvik (Kanthal), Tejas Tubular, Tenaris, Jindal Pipes, U. S. Steel Tubular Products, EVRAZ, Vallourec, TMK, ChelPipe, JFE Steel, IPSCO, Nippon Steel & Sumitomo Metal, BENTELER, SeAH Steel, Saudi Steel Pipe, Weir
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Production Tubing (OCTG) Market Report Segments:
The global Production Tubing (OCTG) market is segmented on the basis of:
Types
Duplex Stainless Steel, Super-Duplex Stainless Steel, Hyper-Duplex Stainless Steel, High Alloy Stainless Steel
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, Gas
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:
- Sandvik (Kanthal)
- Tejas Tubular
- Tenaris
- Jindal Pipes
- U. S. Steel Tubular Products
- EVRAZ
- Vallourec
- TMK
- ChelPipe
- JFE Steel
- IPSCO
- Nippon Steel & Sumitomo Metal
- BENTELER
- SeAH Steel
- Saudi Steel Pipe
- Weir
 Market Overview.svg)
Highlights of The Production Tubing (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:
- Duplex Stainless Steel
- Super-Duplex Stainless Steel
- Hyper-Duplex Stainless Steel
- High Alloy Stainless Steel
- By Application:
- Oil
- Gas
- 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 Production Tubing (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?
Production tubing is a type of tubing used in the oil and gas industry. It is made from a variety of materials, including but not limited to steel, brass, and aluminum. Production tubing is often used in conjunction with other types of equipment to help move oil or gas from one location to another.
Some of the major players in the production tubing (octg) market are Sandvik (Kanthal), Tejas Tubular, Tenaris, Jindal Pipes, U. S. Steel Tubular Products, EVRAZ, Vallourec, TMK, ChelPipe, JFE Steel, IPSCO, Nippon Steel & Sumitomo Metal, BENTELER, SeAH Steel, Saudi Steel Pipe, Weir.
The production tubing (octg) market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Production Tubing (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. Production Tubing (OCTG) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Production Tubing (OCTG) Market - Supply Chain
4.5. Global Production Tubing (OCTG) Market Forecast
4.5.1. Production Tubing (OCTG) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Production Tubing (OCTG) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Production Tubing (OCTG) Market Absolute $ Opportunity
5. Global Production Tubing (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. Production Tubing (OCTG) Market Size and Volume Forecast by Type
5.3.1. Duplex Stainless Steel
5.3.2. Super-Duplex Stainless Steel
5.3.3. Hyper-Duplex Stainless Steel
5.3.4. High Alloy Stainless Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Production Tubing (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. Production Tubing (OCTG) Market Size and Volume Forecast by Application
6.3.1. Oil
6.3.2. Gas
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Production Tubing (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. Production Tubing (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 Production Tubing (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. Production Tubing (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 Production Tubing (OCTG) Demand Share Forecast, 2019-2026
9. North America Production Tubing (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 Production Tubing (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 Production Tubing (OCTG) Market Size and Volume Forecast by Application
9.4.1. Oil
9.4.2. Gas
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Production Tubing (OCTG) Market Size and Volume Forecast by Type
9.7.1. Duplex Stainless Steel
9.7.2. Super-Duplex Stainless Steel
9.7.3. Hyper-Duplex Stainless Steel
9.7.4. High Alloy Stainless Steel
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 Production Tubing (OCTG) Demand Share Forecast, 2019-2026
10. Latin America Production Tubing (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 Production Tubing (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 Production Tubing (OCTG) Market Size and Volume Forecast by Application
10.4.1. Oil
10.4.2. Gas
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Production Tubing (OCTG) Market Size and Volume Forecast by Type
10.7.1. Duplex Stainless Steel
10.7.2. Super-Duplex Stainless Steel
10.7.3. Hyper-Duplex Stainless Steel
10.7.4. High Alloy Stainless Steel
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 Production Tubing (OCTG) Demand Share Forecast, 2019-2026
11. Europe Production Tubing (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 Production Tubing (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 Production Tubing (OCTG) Market Size and Volume Forecast by Application
11.4.1. Oil
11.4.2. Gas
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Production Tubing (OCTG) Market Size and Volume Forecast by Type
11.7.1. Duplex Stainless Steel
11.7.2. Super-Duplex Stainless Steel
11.7.3. Hyper-Duplex Stainless Steel
11.7.4. High Alloy Stainless Steel
11.8. Bais 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 Production Tubing (OCTG) Demand Share, 2019-2026
12. Asia Pacific Production Tubing (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 Production Tubing (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 Production Tubing (OCTG) Market Size and Volume Forecast by Application
12.4.1. Oil
12.4.2. Gas
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Production Tubing (OCTG) Market Size and Volume Forecast by Type
12.7.1. Duplex Stainless Steel
12.7.2. Super-Duplex Stainless Steel
12.7.3. Hyper-Duplex Stainless Steel
12.7.4. High Alloy Stainless Steel
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 Production Tubing (OCTG) Demand Share, 2019-2026
13. Middle East & Africa Production Tubing (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 Production Tubing (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 Production Tubing (OCTG) Market Size and Volume Forecast by Application
13.4.1. Oil
13.4.2. Gas
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Production Tubing (OCTG) Market Size and Volume Forecast by Type
13.7.1. Duplex Stainless Steel
13.7.2. Super-Duplex Stainless Steel
13.7.3. Hyper-Duplex Stainless Steel
13.7.4. High Alloy Stainless Steel
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 Production Tubing (OCTG) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Production Tubing (OCTG) Market: Market Share Analysis
14.2. Production Tubing (OCTG) Distributors and Customers
14.3. Production Tubing (OCTG) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik (Kanthal)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tejas Tubular
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tenaris
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jindal Pipes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. U. S. Steel Tubular Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EVRAZ
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vallourec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TMK
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ChelPipe
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JFE Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. IPSCO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nippon Steel & Sumitomo Metal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BENTELER
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SeAH Steel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Saudi Steel Pipe
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Weir
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
