Please Wait.....
Report
Oil Country Tubular Goods Market -Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Manufacturing Process (Electric Resistance Welded, Seamless), By Grade (API Grade, Premium Grade), By Product (Well Casing, Production Tubing, Drill Pipe, Others), By Application (Onshore, Offshore), By Region
Market Report I 2023-09-05 I 185 Pages I TechSci Research
Global Oil Country Tubular Goods Market is anticipated to grow at a steady pace in the forecast period, 2024-2028. The industry's need for oil country tubular products is being driven by the growing energy demand, which is pushing the need for exploration activities and investments. Oil country tubular goods, which are used to conduct drilling without pause, are a collection of different steel tubular items such well casing, production tubing, and drill pipe. Tubular pipes come in a variety of grades and diameters and can be seamless or welded.
Rising oil and Gas Propelling the Market Growth in the Forecast Period
Every growing nation aspires for economic growth, and as production activities rise, the supply of natural resources also rises. As a result, the worldwide market for oil country tubular goods will grow. This will boost production and exploration activities in the petroleum and gas industries.
The market for tubular items from oil-producing nations is quite profitable. The oil and gas sector requires a significant amount of funding. Therefore, maintaining balance in the production of crude oil and gas is essential to prevent any loss of cash, equipment, or resources. This is what propels the worldwide tubular goods market in oil-producing nations.
As production operations in the oil and gas sector are rising, the prospects for oil country tubular goods are quite favorable. Due to the increased energy demand, more exploration activities and expenditures are required, which is further fueling the industry's need for OCTG goods. Due to the industry's expanding production operations, the prospects for oil country tubular goods are impressive. The high energy demand has increased the requirement for exploratory activities and investments, which is further fueling the industry's need for OCTG goods.
Growing Quality Footage Trend and Rising New Projects Investment in Oil Sector
An increase in rig count, which is followed by a rise in quality footage, is a notable trend in the oil country tubular goods industry. Additionally, it is anticipated that continued use of horizontal drilling and hydraulic fracturing technology would greatly accelerate industry development.
Over the next two years, the US Energy Information Administration (EIA) forecasts a rise in crude oil output in the US Federal Gulf of Mexico (GOM). Additionally, by the end of 2022, 13 new projects might produce around 200,000 barrels per day (b/d), or about 12% of the entire Gulf of Mexico crude oil output. This would result in a large increase in the demand for high-grade oil country tubular goods throughout the projection period.
In order to develop an oil country tubular goods (OCTG) threading mill in Nashik, India, Jindal SAW and Hunting Energy Services announced in January 2022 that they had formed a joint venture (JV). Moreover, Jindal SAW, have Investment USD 20-25 million in Equipment for oil and gas drilling services.
High startup cost and low skilled Labor to restrict market growth
The Energy Information Administration (EIA) estimates that, roughly 68% of all-natural gas and oil wells developed in the United States were hydraulically fractured wells. In the global oil country tubular goods market, a lack of qualified workforce and high startup costs might be a barrier.
Market Segmentation
The Global Oil Country Tubular Goods Market is divided into manufacturing process, grade, product, and application. Based on manufacturing process the market is segmented into Electric Resistance Welded, Seamless. Based on Grade the market is segmented into API Grade, Premium Grade. Based on Product, the market is divided into Well Casing, Production Tubing, Drill Pipe, Others. Based on Application, the market is segmented into Onshore and Offshore.
Market Players
Major market players in the Global Oil Country Tubular Goods Market are MRC Global Inc, JFE Steel Corporation, TMK Ipsco Enterprise Inc, National Oil Well Varco Inc, Tenaris SA, Jindal SAW Ltd, Arcelor Mittal S.A, Nippon Steel, Vallourec S.A, U.S. Steel Tubular Products Inc.
Report Scope:
In this report, the Global Oil Country Tubular Goods Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Oil Country Tubular Goods Market, By Manufacturing Process:
o Electric Resistance Welded
o Seamless
- Oil Country Tubular Goods Market, By Grade:
o API Grade
o Premium Grade
- Oil Country Tubular Goods Market, By Product:
o Well Casing
o Production Tubing
o Drill Pipe
o Others
- Oil Country Tubular Goods Market, By Application:
o Onshore
o Offshore
- Oil Country Tubular Goods Market, By Region:
o Asia-Pacific
- China
- Indian
- Japan
- South Korea
- Australia
o Europe
- United Kingdom
- France
- Russia
- Italy
- Spain
o North America
- United States
- Canada
- Mexico
o South America
- Brazil
- Venezuela
- Colombia
o Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Oil Country Tubular Goods Market.
Available Customizations:
Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
roduct Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Impact of COVID-19 on Global Oil Country Tubular Goods Market
4. Executive Summary
5. Global Oil Country Tubular Goods Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Manufacturing Process (Electric Resistance Welded, Seamless)
5.2.2. By Grade (API Grade, Premium Grade)
5.2.3. By Product (Well Casing, Production Tubing, Drill Pipe, Others)
5.2.4. By Application (Onshore, Offshore)
5.2.5. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
5.3. By Company (2022)
5.4. Market Map
6. Asia-Pacific Oil Country Tubular Goods Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Manufacturing Process
6.2.2. By Grade
6.2.3. By Product
6.2.4. By Application
6.2.5. By Country (China, India, Japan, South Korea, Australia)
6.3. Asia-Pacific: Country Analysis
6.3.1. China Oil Country Tubular Goods Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecas0074
6.3.1.2.1. By Manufacturing Process
6.3.1.2.2. By Product
6.3.1.2.3. By Application
6.3.2. India Oil Country Tubular Goods Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Manufacturing Process
6.3.2.2.2. By Product
6.3.2.2.3. By Application
6.3.3. Japan Oil Country Tubular Goods Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Manufacturing Process
6.3.3.2.2. By Product
6.3.3.2.3. By Application
6.3.4. South Korea Oil Country Tubular Goods Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Manufacturing Process
6.3.4.2.2. By Product
6.3.4.2.3. By Application
6.3.5. Australia Oil Country Tubular Goods Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Manufacturing Process
6.3.5.2.2. By Product
6.3.5.2.3. By Application
7. Europe Oil Country Tubular Goods Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Manufacturing Process
7.2.2. By Grade
7.2.3. By Product
7.2.4. By Application
7.2.5. By Country (France, Russia, United Kingdom, Spain, Italy)
7.3. Europe: Country Analysis
7.3.1. France Oil Country Tubular Goods Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Manufacturing Process
7.3.1.2.2. By Product
7.3.1.2.3. By Application
7.3.2. Russia Oil Country Tubular Goods Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Manufacturing Process
7.3.2.2.2. By Product
7.3.2.2.3. By Application
7.3.3. United Kingdom Oil Country Tubular Goods Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Manufacturing Process
7.3.3.2.2. By Product
7.3.3.2.3. By Application
7.3.4. Italy Oil Country Tubular Goods Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Manufacturing Process
7.3.4.2.2. By Product
7.3.4.2.3. By Application
7.3.5. Spain Oil Country Tubular Goods Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Manufacturing Process
7.3.5.2.2. By Product
7.3.5.2.3. By Application
8. North America Oil Country Tubular Goods Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Manufacturing Process
8.2.2. By Grade
8.2.3. By Product
8.2.4. By Application
8.2.5. By Country (United States, Canada, Mexico)
8.3. North America: Country Analysis
8.3.1. United States Oil Country Tubular Goods Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Manufacturing Process
8.3.1.2.2. By Product
8.3.1.2.3. By Application
8.3.2. Canada Oil Country Tubular Goods Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Manufacturing Process
8.3.2.2.2. By Product
8.3.2.2.3. By Application
8.3.3. Mexico Oil Country Tubular Goods Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Manufacturing Process
8.3.3.2.2. By Product
8.3.3.2.3. By Application
9. South America Oil Country Tubular Goods Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Manufacturing Process
9.2.2. By Grade
9.2.3. By Product
9.2.4. By Application
9.2.5. By Country (Brazil, Venezuela, Colombia)
9.3. South America: Country Analysis
9.3.1. Brazil Oil Country Tubular Goods Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Manufacturing Process
9.3.1.2.2. By Product
9.3.1.2.3. By Application
9.3.2. Venezuela Oil Country Tubular Goods Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Manufacturing Process
9.3.2.2.2. By Product
9.3.2.2.3. By Application
9.3.3. Colombia Oil Country Tubular Goods Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Manufacturing Process
9.3.3.2.2. By Product
9.3.3.2.3. By Application
10. Middle East & Africa Oil Country Tubular Goods Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Manufacturing Process
10.2.2. By Grade
10.2.3. By Product
10.2.4. By Application
10.2.5. By Country (Saudi Arabia, South Africa, UAE)
10.3. Middle East & Africa: Country Analysis
10.3.1. South Africa Oil Country Tubular Goods Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Manufacturing Process
10.3.1.2.2. By Product
10.3.1.2.3. By Application
10.3.2. Saudi Arabia Oil Country Tubular Goods Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Manufacturing Process
10.3.2.2.2. By Product
10.3.2.2.3. By Application
10.3.3. UAE Oil Country Tubular Goods Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Manufacturing Process
10.3.3.2.2. By Product
10.3.3.2.3. By Application
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Company Profiles
13.1. MRC Global Inc,
13.1.1. Business Overview
13.1.2. Key Revenue and Financials (If Available)
13.1.3. Recent Developments
13.1.4. Key Personnel
13.1.5. Key Product/Services
13.2. JFE Steel Corporation
13.2.1. Business Overview
13.2.2. Key Revenue and Financials (If Available)
13.2.3. Recent Developments
13.2.4. Key Personnel
13.2.5. Key Product/Services
13.3. TMK Ipsco Enterprise Inc.
13.3.1. Business Overview
13.3.2. Key Revenue and Financials (If Available)
13.3.3. Recent Developments
13.3.4. Key Personnel
13.3.5. Key Product/Services
13.4. National Oil Well Varco Inc
13.4.1. Business Overview
13.4.2. Key Revenue and Financials (If Available)
13.4.3. Recent Developments
13.4.4. Key Personnel
13.4.5. Key Product/Services
13.5. Tenaris SA
13.5.1. Business Overview
13.5.2. Key Revenue and Financials (If Available)
13.5.3. Recent Developments
13.5.4. Key Personnel
13.5.5. Key Product/Services
13.6. Jindal SAW Ltd.
13.6.1. Business Overview
13.6.2. Key Revenue and Financials (If Available)
13.6.3. Recent Developments
13.6.4. Key Personnel
13.6.5. Key Product/Services
13.7. Arcelor Mittal S.A.
13.7.1. Business Overview
13.7.2. Key Revenue and Financials (If Available)
13.7.3. Recent Developments
13.7.4. Key Personnel
13.7.5. Key Product/Services
13.8. Nippon Steel
13.8.1. Business Overview
13.8.2. Key Revenue and Financials (If Available)
13.8.3. Recent Developments
13.8.4. Key Personnel
13.8.5. Key Product/Services
13.9. Vallourec S.A
13.9.1. Business Overview
13.9.2. Key Revenue and Financials (If Available)
13.9.3. Recent Developments
13.9.4. Key Personnel
13.9.5. Key Product/Services
13.10. U.S. Steel Tubular Products Inc.
13.10.1. Business Overview
13.10.2. Key Revenue and Financials (If Available)
13.10.3. Recent Developments
13.10.4. Key Personnel
13.10.5. Key Product/Services
14. Strategic Recommendations
15. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security