Global OCTG Market – Industry Analysis and Forecast (2020-2027) – By Process, Product Type, Application and Region.

Global OCTG Market – Industry Analysis and Forecast (2020-2027) – By Process, Product Type, Application and Region.

Market Scenario

Global OCTG market size was US$ 19.25 Bn in 2019 and is expected to reach US$ 34.08 Bn by 2027, at a CAGR of 7.4% during forecast period.   Market Definition Oil country tubular goods (OCTG) are rolled metal pipes used in production of oil and natural gas from the well. These pipes also used either to produce or inject steam and water. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Market Dynamics Growing energy consumption, oil demand, increasing investment in offshore drilling activities and accelerating economic growth are the major drivers in the growth of OCTG market. Rise in exploration and production activities and need for alternative technologies are driving the growth of market. Also, continuous implementation of horizontal drilling hydraulic fracturing technology is expected to enhance the market growth significantly. High competition among manufacturers of petroleum is also helping as a driver for the increasing drilling activity across the world. Furthermore, demand for metal pipe products is driven mostly by construction activities. The detailed analysis of the factors driving the market is covered in the report. High initial cost and lack of technically skilled labors are expected to hamper market growth. Corrosion due to the carbon dioxide and hydrogen sulfide contained in well could restrain the growth of OCTG market. Reduction in drilling activity and de-stocking of OCTG inventory are the key restrain factors that could lowered the demand of OCTG market. Moreover, difference in integrity of oil wells in the same environment and failure of some casing and tubing joints in same strings could hinder the growth of market during forecast period. However, this factors can be improved by introducing new corrosion resistant and high strength OCTG. Global OCTG Market: Segmentation Analysis By process, seamless segment is expected to grow the market during forecast period. This are produced either by mandrel mill or the plug rolling mill process. It has capability to survive in extremely high pressure without cracking. Also it is used in high pressure application such as hydrocarbon exploration and production as it offer consistency of shape and avoid the risk of a weak seam. Seamless segment is preferred over electric resistance welding because welded pipe are of high cost. By product type, casing pipe segment is dominating the market and it is expected that it will maintain its dominance over the forecast period. This pipe is implanted into the wellbore, cemented, and works as a structural component of the well, which provides hole integrity and keeps the well from collapsing while drilling. Casing pipe is serves as a well’s life, which results into the high demand for casing pipe. Furthermore, it protect the well against shallow gas pockets, fluid circulation and support for drilling a well. Global OCTG Market: Regional Analysis Region wise, North America is dominating the OCTG market. The US dominate the market and it is expected that country will hold the leading position in the market. The country has advanced technical appliances and oil bore. Also increase in investments by the steel producers & government policies are the major factors that contributed in the growth of market. Increasing offshore drilling activities in the Gulf of Mexico, shale boom, and rise in discovering potential available oil and gas reserves results into the growth of OCTG market in the region. The objective of the report is to present a comprehensive analysis of the Global OCTG Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global OCTG Market dynamics, structure by analyzing the market segments and project the Global OCTG Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global OCTG Market make the report investor’s guide.

The Scope of Global OCTG Market

Global OCTG Market, By Process

• Seamless • Electric resistance welding

Global OCTG Market, By Product Type

• Casing • Tubing • Drill Pipe • Others

Global OCTG Market, By Application

• Onshore • Offshore

Global OCTG Market, By Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global OCTG Market, Key Players

• TMK Ipsco Enterprises Inc. • ISMT • National-Oilwell Varco, Inc. • TPCO Enterprise, Inc. • Jindal Steel & Power • ArcelorMittal SA • MRC Global • Tata Steel • Vallourec SA • ILJIN Steel America • Tenaris SA • Corpac Steel Products, Corp. • Nippon Steel & Sumitomo Metal Corporation • Benteler International • JFE Steel • ACE OCTG

Table of Contents

Global OCTG market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global OCTG Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global OCTG Market Analysis and Forecast 6.1. OCTG Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global OCTG Market Analysis and Forecast, By Process 7.1. Introduction and Definition 7.2. Key Findings 7.3. OCTG Market Value Share Analysis, By Process 7.4. OCTG Market Size (US$ Bn) Forecast, By Process 7.5. OCTG Market Analysis, By Process 7.6. OCTG Market Attractiveness Analysis, By Process 8. Global OCTG Market Analysis and Forecast, By Product Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. OCTG Market Value Share Analysis, By Product Type 8.4. OCTG Market Size (US$ Bn) Forecast, By Product Type 8.5. OCTG Market Analysis, By Product Type 8.6. OCTG Market Attractiveness Analysis, By Product Type 9. Global OCTG Market Analysis and Forecast, By Application 9.1. Introduction and Definition 9.2. Key Findings 9.3. OCTG Market Value Share Analysis, By Application 9.4. OCTG Market Size (US$ Bn) Forecast, By Application 9.5. OCTG Market Analysis, By Application 9.6. OCTG Market Attractiveness Analysis, By Application 10. Global OCTG Market Analysis, By Region 10.1. OCTG Market Value Share Analysis, By Region 10.2. OCTG Market Size (US$ Bn) Forecast, By Region 10.3. OCTG Market Attractiveness Analysis, By Region 11. North America OCTG Market Analysis 11.1. Key Findings 11.2. North America OCTG Market Overview 11.3. North America OCTG Market Value Share Analysis, By Process 11.4. North America OCTG Market Forecast, By Process 11.4.1. Seamless 11.4.2. Electric resistance welding 11.5. North America OCTG Market Value Share Analysis, By Product Type 11.6. North America OCTG Market Forecast, By Product Type 11.6.1. Casing 11.6.2. Tubing 11.6.3. Drill Pipe 11.6.4. Others 11.7. North America OCTG Market Value Share Analysis, By Application 11.8. North America OCTG Market Forecast, By Application 11.8.1. Onshore 11.8.2. Offshore 11.9. North America OCTG Market Value Share Analysis, by Country 11.10. North America OCTG Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America OCTG Market Analysis, by Country 11.12. U.S. OCTG Market Forecast, By Process 11.12.1. Seamless 11.12.2. Electric resistance welding 11.13. U.S. OCTG Market Forecast, By Product Type 11.13.1. Casing 11.13.2. Tubing 11.13.3. Drill Pipe 11.13.4. Others 11.14. U.S. OCTG Market Forecast, By Application 11.14.1. Onshore 11.14.2. Offshore 11.15. Canada OCTG Market Forecast, By Process 11.15.1. Seamless 11.15.2. Electric resistance welding 11.16. Canada OCTG Market Forecast, By Product Type 11.16.1. Casing 11.16.2. Tubing 11.16.3. Drill Pipe 11.16.4. Others 11.17. Canada OCTG Market Forecast, By Application 11.17.1. Onshore 11.17.2. Offshore 11.18. North America OCTG Market Attractiveness Analysis 11.18.1. By Process 11.18.2. By Product Type 11.18.3. By Application 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe OCTG Market Analysis 12.1. Key Findings 12.2. Europe OCTG Market Overview 12.3. Europe OCTG Market Value Share Analysis, By Process 12.4. Europe OCTG Market Forecast, By Process 12.4.1. Seamless 12.4.2. Electric resistance welding 12.5. Europe OCTG Market Value Share Analysis, By Product Type 12.6. Europe OCTG Market Forecast, By Product Type 12.6.1. Casing 12.6.2. Tubing 12.6.3. Drill Pipe 12.6.4. Others 12.7. Europe OCTG Market Value Share Analysis, By Application 12.8. Europe OCTG Market Forecast, By Application 12.8.1. Onshore 12.8.2. Offshore 12.9. Europe OCTG Market Value Share Analysis, by Country 12.10. Europe OCTG Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe OCTG Market Analysis, by Country 12.12. Germany OCTG Market Forecast, By Process 12.12.1. Seamless 12.12.2. Electric resistance welding 12.13. Germany OCTG Market Forecast, By Product Type 12.13.1. Casing 12.13.2. Tubing 12.13.3. Drill Pipe 12.13.4. Others 12.14. Germany OCTG Market Forecast, By Application 12.14.1. Onshore 12.14.2. Offshore 12.15. U.K. OCTG Market Forecast, By Process 12.15.1. Seamless 12.15.2. Electric resistance welding 12.16. U.K. OCTG Market Forecast, By Product Type 12.16.1. Casing 12.16.2. Tubing 12.16.3. Drill Pipe 12.16.4. Others 12.17. U.K. OCTG Market Forecast, By Application 12.17.1. Onshore 12.17.2. Offshore 12.18. France OCTG Market Forecast, By Process 12.18.1. Seamless 12.18.2. Electric resistance welding 12.19. France OCTG Market Forecast, By Product Type 12.19.1. Casing 12.19.2. Tubing 12.19.3. Drill Pipe 12.19.4. Others 12.20. France OCTG Market Forecast, By Application 12.20.1. Onshore 12.20.2. Offshore 12.21. Italy OCTG Market Forecast, By Process 12.21.1. Seamless 12.21.2. Electric resistance welding 12.22. Italy OCTG Market Forecast, By Product Type 12.22.1. Casing 12.22.2. Tubing 12.22.3. Drill Pipe 12.22.4. Others 12.23. Italy OCTG Market Forecast, By Application 12.23.1. Onshore 12.23.2. Offshore 12.24. Spain OCTG Market Forecast, By Process 12.24.1. Seamless 12.24.2. Electric resistance welding 12.25. Spain OCTG Market Forecast, By Product Type 12.25.1. Casing 12.25.2. Tubing 12.25.3. Drill Pipe 12.25.4. Others 12.26. Spain OCTG Market Forecast, By Application 12.26.1. Onshore 12.26.2. Offshore 12.27. Rest of Europe OCTG Market Forecast, By Process 12.27.1. Seamless 12.27.2. Electric resistance welding 12.28. Rest of Europe OCTG Market Forecast, By Product Type 12.28.1. Casing 12.28.2. Tubing 12.28.3. Drill Pipe 12.28.4. Others 12.29. Rest Of Europe OCTG Market Forecast, By Application 12.29.1. Onshore 12.29.2. Offshore 12.30. Europe OCTG Market Attractiveness Analysis 12.30.1. By Process 12.30.2. By Product Type 12.30.3. By Application 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific OCTG Market Analysis 13.1. Key Findings 13.2. Asia Pacific OCTG Market Overview 13.3. Asia Pacific OCTG Market Value Share Analysis, By Process 13.4. Asia Pacific OCTG Market Forecast, By Process 13.4.1. Seamless 13.4.2. Electric resistance welding 13.5. Asia Pacific OCTG Market Value Share Analysis, By Product Type 13.6. Asia Pacific OCTG Market Forecast, By Product Type 13.6.1. Casing 13.6.2. Tubing 13.6.3. Drill Pipe 13.6.4. Others 13.7. Asia Pacific OCTG Market Value Share Analysis, By Application 13.8. Asia Pacific OCTG Market Forecast, By Application 13.8.1. Onshore 13.8.2. Offshore 13.9. Asia Pacific OCTG Market Value Share Analysis, by Country 13.10. Asia Pacific OCTG Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific OCTG Market Analysis, by Country 13.12. China OCTG Market Forecast, By Process 13.12.1. Seamless 13.12.2. Electric resistance welding 13.13. China OCTG Market Forecast, By Product Type 13.13.1. Casing 13.13.2. Tubing 13.13.3. Drill Pipe 13.13.4. Others 13.14. China OCTG Market Forecast, By Application 13.14.1. Onshore 13.14.2. Offshore 13.15. India OCTG Market Forecast, By Process 13.15.1. Seamless 13.15.2. Electric resistance welding 13.16. India OCTG Market Forecast, By Product Type 13.16.1. Casing 13.16.2. Tubing 13.16.3. Drill Pipe 13.16.4. Others 13.17. India OCTG Market Forecast, By Application 13.17.1. Onshore 13.17.2. Offshore 13.18. Japan OCTG Market Forecast, By Process 13.18.1. Seamless 13.18.2. Electric resistance welding 13.19. Japan OCTG Market Forecast, By Product Type 13.19.1. Casing 13.19.2. Tubing 13.19.3. Drill Pipe 13.19.4. Others 13.20. Japan OCTG Market Forecast, By Application 13.20.1. Onshore 13.20.2. Offshore 13.21. ASEAN OCTG Market Forecast, By Process 13.21.1. Seamless 13.21.2. Electric resistance welding 13.22. ASEAN OCTG Market Forecast, By Product Type 13.22.1. Casing 13.22.2. Tubing 13.22.3. Drill Pipe 13.22.4. Others 13.23. ASEAN OCTG Market Forecast, By Application 13.23.1. Onshore 13.23.2. Offshore 13.24. Rest of Asia Pacific OCTG Market Forecast, By Process 13.24.1. Seamless 13.24.2. Electric resistance welding 13.25. Rest of Asia Pacific OCTG Market Forecast, By Product Type 13.25.1. Casing 13.25.2. Tubing 13.25.3. Drill Pipe 13.25.4. Others 13.26. Rest of Asia Pacific OCTG Market Forecast, By Application 13.26.1. Onshore 13.26.2. Offshore 13.27. Asia Pacific OCTG Market Attractiveness Analysis 13.27.1. By Process 13.27.2. By Product Type 13.27.3. By Application 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa OCTG Market Analysis 14.1. Key Findings 14.2. Middle East & Africa OCTG Market Overview 14.3. Middle East & Africa OCTG Market Value Share Analysis, By Process 14.4. Middle East & Africa OCTG Market Forecast, By Process 14.4.1. Seamless 14.4.2. Electric resistance welding 14.5. Middle East & Africa OCTG Market Value Share Analysis, By Product Type 14.6. Middle East & Africa OCTG Market Forecast, By Product Type 14.6.1. Casing 14.6.2. Tubing 14.6.3. Drill Pipe 14.6.4. Others 14.7. Middle East & Africa OCTG Market Value Share Analysis, By Application 14.8. Middle East & Africa OCTG Market Forecast, By Application 14.8.1. Onshore 14.8.2. Offshore 14.9. Middle East & Africa OCTG Market Value Share Analysis, by Country 14.10. Middle East & Africa OCTG Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa OCTG Market Analysis, by Country 14.12. GCC OCTG Market Forecast, By Process 14.12.1. Seamless 14.12.2. Electric resistance welding 14.13. GCC OCTG Market Forecast, By Product Type 14.13.1. Casing 14.13.2. Tubing 14.13.3. Drill Pipe 14.13.4. Others 14.14. GCC OCTG Market Forecast, By Application 14.14.1. Onshore 14.14.2. Offshore 14.15. South Africa OCTG Market Forecast, By Process 14.15.1. Seamless 14.15.2. Electric resistance welding 14.16. South Africa OCTG Market Forecast, By Product Type 14.16.1. Casing 14.16.2. Tubing 14.16.3. Drill Pipe 14.16.4. Others 14.17. South Africa OCTG Market Forecast, By Application 14.17.1. Onshore 14.17.2. Offshore 14.18. Rest of Middle East & Africa OCTG Market Forecast, By Process 14.18.1. Seamless 14.18.2. Electric resistance welding 14.19. Rest of Middle East & Africa OCTG Market Forecast, By Product Type 14.19.1. Casing 14.19.2. Tubing 14.19.3. Drill Pipe 14.19.4. Others 14.20. & Africa OCTG Market Forecast, By Application 14.20.1. Onshore 14.20.2. Offshore 14.21. Middle East & Africa OCTG Market Attractiveness Analysis 14.21.1. By Process 14.21.2. By Product Type 14.21.3. By Application 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America OCTG Market Analysis 15.1. Key Findings 15.2. South America OCTG Market Overview 15.3. South America OCTG Market Value Share Analysis, By Process 15.4. South America OCTG Market Forecast, By Process 15.4.1. Seamless 15.4.2. Electric resistance welding 15.5. South America OCTG Market Value Share Analysis, By Product Type 15.6. South America OCTG Market Forecast, By Product Type 15.6.1. Casing 15.6.2. Tubing 15.6.3. Drill Pipe 15.6.4. Others 15.7. South America OCTG Market Value Share Analysis, By Application 15.8. South America OCTG Market Forecast, By Application 15.8.1. Onshore 15.8.2. Offshore 15.9. South America OCTG Market Value Share Analysis, by Country 15.10. South America OCTG Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America OCTG Market Analysis, by Country 15.12. Brazil OCTG Market Forecast, By Process 15.12.1. Seamless 15.12.2. Electric resistance welding 15.13. Brazil OCTG Market Forecast, By Product Type 15.13.1. Casing 15.13.2. Tubing 15.13.3. Drill Pipe 15.13.4. Others 15.14. Brazil OCTG Market Forecast, By Application 15.14.1. Onshore 15.14.2. Offshore 15.15. Mexico OCTG Market Forecast, By Process 15.15.1. Seamless 15.15.2. Electric resistance welding 15.16. Mexico OCTG Market Forecast, By Product Type 15.16.1. Casing 15.16.2. Tubing 15.16.3. Drill Pipe 15.16.4. Others 15.17. Mexico OCTG Market Forecast, By Application 15.17.1. Onshore 15.17.2. Offshore 15.18. Rest of South America OCTG Market Forecast, By Process 15.18.1. Seamless 15.18.2. Electric resistance welding 15.19. Rest of South America OCTG Market Forecast, By Product Type 15.19.1. Casing 15.19.2. Tubing 15.19.3. Drill Pipe 15.19.4. Others 15.20. Rest of South America OCTG Market Forecast, By Application 15.20.1. Onshore 15.20.2. Offshore 15.21. South America OCTG Market Attractiveness Analysis 15.21.1. By Process 15.21.2. By Product Type 15.21.3. By Application 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A By Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward 16.2.3.3. Integration 16.3. Company Profiles: Key Players 16.3.1. U. S. Steel Tubular Products, Inc. 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Development Footprint 16.3.2. TMK Ipsco Enterprises Inc. 16.3.3. ISMT 16.3.4. National-Oilwell Varco, Inc. 16.3.5. TPCO Enterprise, Inc. 16.3.6. Jindal Steel & Power 16.3.7. ArcelorMittal SA 16.3.8. MRC Global 16.3.9. Tata Steel 16.3.10. Vallourec SA 16.3.11. ILJIN Steel America 16.3.12. Tenaris SA 16.3.13. Corpac Steel Products, Corp. 16.3.14. Nippon Steel & Sumitomo Metal Corporation 16.3.15. Hemisphere GNSS 17. Primary Key Insights

About This Report

Report ID54208
Published DateMarch 2020
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