Oil and Gas Tubular Goods Market size is expected to reach nearly US$ 36.06 Bn. by 2029 with the CAGR of 6.94% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report Oil and Gas Tubular Goods Market Dynamics: The Oil and gas tubular goods are known as Oil Country Tubular Goods (OCTG). It is widely used in production and exploration activities on offshore and onshore reserves. An increase in oil and gas E&P activities through unconventional sources and offshore locations is expected to increase the need for OCTG connections with enhanced specifications. The High investments in the upstream oil and gas sector are expected to lead to the number of oil and gas E&P activities that also stimulate the OCTG product use like drill pipes, casing, and tubing. Governments and private entities have shown their keen interest in discovering new oil wells to meet future oil demands. They are also increasing oil and gas production as a part of their initiatives to ensure energy security. For instance, the Indian Government has notified changes in the New Exploration and Licensing Policy (NELP) to attract private and foreign investments in oil and gas E&P activities, which is expected to increase the adoption of tubular goods products.
Oil and Gas Tubular Goods Market Segment Analysis:
The premium-grade segment is expected to grow at an xx% rate of CAGR during the forecast period. The demand for the premium grade is increasing from the application of the offshore and onshore sectors. It is widely used in gas wells, horizontal wells, and high pressure and temperature wells. Also, an increase in offshore rig count and deep-water exploration in remote areas with harsh environments are expected to boost the use of premium quality drilling equipment. Also, the substantial expansion of the existing offshore wells both in deep and ultra-deep waters, primarily in the Gulf of Mexico, Persian Gulf, North Sea, and the South China Sea are expected to increase the adoption of the premium grade equipment. The seamless segment is expected to contribute xx% share in the global oil and gas tubular goods market. The Seamless OCTG are widely preferred during oil and gas E&P activities in harsh environments because of their strong characteristic. It offers Superior mechanical properties like high tensile strength, which is expected to increase its utilization in high-pressure drilling environments. Also, seamless pipes are thinner and lighter, which possess a uniformity of shape that is expected to drive the market growth.Oil and Gas Tubular Goods Market Regional Analysis:
North America is expected to contribute xx% share in the global oil and gas tubular goods market. The region is expected to offer opportunities to market key players during the forecast period. An increase in the onshore and offshore oil and gas projects, investments, and initiatives undertaken by governments are some of the driving factors behind the regional market growth. North American oil exploration-and-production companies are delivering modest production growth during the forecast period. The presence of prominent oil companies and the discovery of shale gas are likely to boost market growth. Oil and Gas Tubular Goods Market Competitive Analysis: Key players operating in the global oil and gas tubular goods market are offering advanced, premium OCTG products because of the increasing demand for premium OCTG connections. Also, vendors are more focusing on the growth prospects in the fast-growing segments to boost the growth of the oil and gas tubular goods market. Governments and private entities across the globe are adopting strategies to meet the energy demand that is expected to force high investment by E&P ventures. Also, some of the companies have signed definitive agreements to enhance the accessibility of their products. For Instance, in 2021, the Romanian OCTG giant has signed a strategic agreement with Novatek, which will help to supply Novatek premium casing and tubing pipe products with formula-based pricing. The objective of the report is to present a comprehensive analysis of the Global Oil and Gas Tubular Goods 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 by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has 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 Oil and Gas Tubular Goods Market dynamics, structure by analyzing the market segments and projects the Global Oil and Gas Tubular Goods 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 Oil and Gas Tubular Goods Market make the report investor’s guide.Oil and Gas Tubular Goods Market Scope:Inquire before buying
Oil and Gas Tubular Goods Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 6.94% US$ 21.08 Bn US$ 36.06 Bn Segments Covered by Grade • API • Premium by Product • Seamless • Electric Resistance Welded North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America Oil and Gas Tubular Goods Market Key Players
• Tenaris • Vallourec • TMK Group • Unite States Steel Corporation • Nippon Steel and Sumitomo Metal Corporation • National Oilwell Varco • SPIE Oil and Gas Services • Hunting Energy Services • Key Pipe Co.LLC • Argus Machine Co. Ltd • Benteler International AG • MRC Global Inc. • ACE • O.C.T.G. Ltd. • Centric Pipe, LLC • U.S Steel Tubular Products • Sandvik AB • Energex Tube • Others Frequently Asked Questions: 1. Which region has the largest share in Global Oil and Gas Tubular Goods Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Oil and Gas Tubular Goods Market? Ans: The Global Oil and Gas Tubular Goods Market is growing at a CAGR of 6.94% during forecasting period 2022-2029. 3. What is scope of the Global Oil and Gas Tubular Goods market report? Ans: Global Oil and Gas Tubular Goods Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Oil and Gas Tubular Goods market? Ans: The important key players in the Global Oil and Gas Tubular Goods Market are – Tenaris, Vallourec, TMK Group, Unite States Steel Corporation, Nippon Steel and Sumitomo Metal Corporation, National Oilwell Varco, SPIE Oil and Gas Services, Hunting Energy Services, Key Pipe Co.LLC, Argus Machine Co. Ltd, Benteler International AG, MRC Global Inc., ACE, O.C.T.G. Ltd., Centric Pipe, LLC, U.S Steel Tubular Products, Sandvik AB, Energex Tube, and Others 5. What is the study period of this market? Ans: The Global Oil and Gas Tubular Goods Market is studied from 2021 to 2029.
To know about the Research Methodology :- Oil and Gas Tubular Goods 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: Oil and Gas Tubular Goods Market 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. Oil and Gas Tubular Goods Market Analysis and Forecast 6.1. Oil and Gas Tubular Goods 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. Oil and Gas Tubular Goods Market Analysis and Forecast, By Grade 7.1. Introduction and Definition 7.2. Key Findings 7.3. Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 7.4. Oil and Gas Tubular Goods Market Size (US$ Bn) Forecast, By Grade 7.5. Oil and Gas Tubular Goods Market Analysis, By Grade 7.6. Oil and Gas Tubular Goods Market Attractiveness Analysis, By Grade 8. Oil and Gas Tubular Goods Market Analysis and Forecast, By Product 8.1. Introduction and Definition 8.2. Key Findings 8.3. Oil and Gas Tubular Goods Market Value Share Analysis, By Product 8.4. Oil and Gas Tubular Goods Market Size (US$ Bn) Forecast, By Product 8.5. Oil and Gas Tubular Goods Market Analysis, By Product 8.6. Oil and Gas Tubular Goods Market Attractiveness Analysis, By Product 9. Oil and Gas Tubular Goods Market Analysis, by Region 9.1. Oil and Gas Tubular Goods Market Value Share Analysis, by Region 9.2. Oil and Gas Tubular Goods Market Size (US$ Bn) Forecast, by Region 9.3. Oil and Gas Tubular Goods Market Attractiveness Analysis, by Region 10. North America Oil and Gas Tubular Goods Market Analysis 10.1. Key Findings 10.2. North America Oil and Gas Tubular Goods Market Overview 10.3. North America Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 10.4. North America Oil and Gas Tubular Goods Market Forecast, By Grade 10.4.1. API 10.4.2. Premium 10.5. North America Oil and Gas Tubular Goods Market Value Share Analysis, By Product 10.6. North America Oil and Gas Tubular Goods Market Forecast, By Product 10.6.1. Seamless 10.6.2. ERW 10.7. North America Oil and Gas Tubular Goods Market Value Share Analysis, by Country 10.8. North America Oil and Gas Tubular Goods Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Oil and Gas Tubular Goods Market Analysis, by Country 10.10. U.S. Oil and Gas Tubular Goods Market Forecast, By Grade 10.10.1. API 10.10.2. Premium 10.11. U.S. Oil and Gas Tubular Goods Market Forecast, By Product 10.11.1. Seamless 10.11.2. ERW 10.12. Canada Oil and Gas Tubular Goods Market Forecast, By Grade 10.12.1. API 10.12.2. Premium 10.13. Canada Oil and Gas Tubular Goods Market Forecast, By Product 10.13.1. Seamless 10.13.2. ERW 10.14. North America Oil and Gas Tubular Goods Market Attractiveness Analysis 10.14.1. By Grade 10.14.2. By Product 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Oil and Gas Tubular Goods Market Analysis 11.1. Key Findings 11.2. Europe Oil and Gas Tubular Goods Market Overview 11.3. Europe Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 11.4. Europe Oil and Gas Tubular Goods Market Forecast, By Grade 11.4.1. API 11.4.2. Premium 11.5. Europe Oil and Gas Tubular Goods Market Value Share Analysis, By Product 11.6. Europe Oil and Gas Tubular Goods Market Forecast, By Product 11.6.1. Seamless 11.6.2. ERW 11.7. Europe Oil and Gas Tubular Goods Market Value Share Analysis, by Country 11.8. Europe Oil and Gas Tubular Goods Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Russia 11.8.7. Norway 11.8.8. Rest of Europe 11.9. Europe Oil and Gas Tubular Goods Market Analysis, by Country 11.10. Germany Oil and Gas Tubular Goods Market Forecast, By Grade 11.10.1. API 11.10.2. Premium 11.11. Germany Oil and Gas Tubular Goods Market Forecast, By Product 11.11.1. Seamless 11.11.2. ERW 11.12. U.K. Oil and Gas Tubular Goods Market Forecast, By Grade 11.12.1. API 11.12.2. Premium 11.13. U.K. Oil and Gas Tubular Goods Market Forecast, By Product 11.13.1. Seamless 11.13.2. ERW 11.14. France Oil and Gas Tubular Goods Market Forecast, By Grade 11.14.1. API 11.14.2. Premium 11.15. France Oil and Gas Tubular Goods Market Forecast, By Product 11.15.1. Seamless 11.15.2. ERW 11.16. Italy Oil and Gas Tubular Goods Market Forecast, By Grade 11.16.1. API 11.16.2. Premium 11.17. Italy Oil and Gas Tubular Goods Market Forecast, By Product 11.17.1. Seamless 11.17.2. ERW 11.18. Spain Oil and Gas Tubular Goods Market Forecast, By Grade 11.18.1. API 11.18.2. Premium 11.19. Spain Oil and Gas Tubular Goods Market Forecast, By Product 11.19.1. Seamless 11.19.2. ERW 11.20. Russia Oil and Gas Tubular Goods Market Forecast, By Grade 11.20.1. API 11.20.2. Premium 11.21. Russia Oil and Gas Tubular Goods Market Forecast, By Product 11.21.1. Seamless 11.21.2. ERW 11.22. Norway Oil and Gas Tubular Goods Market Forecast, By Grade 11.22.1. API 11.22.2. Premium 11.23. Norway Oil and Gas Tubular Goods Market Forecast, By Product 11.23.1. Seamless 11.23.2. ERW 11.24. Rest of Europe Oil and Gas Tubular Goods Market Forecast, By Grade 11.24.1. API 11.24.2. Premium 11.25. Rest of Europe Oil and Gas Tubular Goods Market Forecast, By Product 11.25.1. Seamless 11.25.2. ERW 11.26. Europe Oil and Gas Tubular Goods Market Attractiveness Analysis 11.26.1. By Grade 11.26.2. By Product 11.27. PEST Analysis 11.28. Key Trends 11.29. Key Developments 12. Asia Pacific Oil and Gas Tubular Goods Market Analysis 12.1. Key Findings 12.2. Asia Pacific Oil and Gas Tubular Goods Market Overview 12.3. Asia Pacific Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 12.4. Asia Pacific Oil and Gas Tubular Goods Market Forecast, By Grade 12.4.1. API 12.4.2. Premium 12.5. Asia Pacific Oil and Gas Tubular Goods Market Value Share Analysis, By Product 12.6. Asia Pacific Oil and Gas Tubular Goods Market Forecast, By Product 12.6.1. Seamless 12.6.2. ERW 12.7. Asia Pacific Oil and Gas Tubular Goods Market Value Share Analysis, by Country 12.8. Asia Pacific Oil and Gas Tubular Goods Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Indonesia 12.8.7. Malaysia 12.8.8. Vietnam 12.8.9. Rest of Asia Pacific 12.9. Asia Pacific Oil and Gas Tubular Goods Market Analysis, by Country 12.10. China Oil and Gas Tubular Goods Market Forecast, By Grade 12.10.1. API 12.10.2. Premium 12.11. China Oil and Gas Tubular Goods Market Forecast, By Product 12.11.1. Seamless 12.11.2. ERW 12.12. India Oil and Gas Tubular Goods Market Forecast, By Grade 12.12.1. API 12.12.2. Premium 12.13. India Oil and Gas Tubular Goods Market Forecast, By Product 12.13.1. Seamless 12.13.2. ERW 12.14. Japan Oil and Gas Tubular Goods Market Forecast, By Grade 12.14.1. API 12.14.2. Premium 12.15. Japan Oil and Gas Tubular Goods Market Forecast, By Product 12.15.1. Seamless 12.15.2. ERW 12.16. South Korea Oil and Gas Tubular Goods Market Forecast, By Grade 12.16.1. API 12.16.2. Premium 12.17. South Korea Oil and Gas Tubular Goods Market Forecast, By Product 12.17.1. Seamless 12.17.2. ERW 12.18. Australia Oil and Gas Tubular Goods Market Forecast, By Grade 12.18.1. API 12.18.2. Premium 12.19. Australia Oil and Gas Tubular Goods Market Forecast, By Product 12.19.1. Seamless 12.19.2. ERW 12.20. Indonesia Oil and Gas Tubular Goods Market Forecast, By Grade 12.20.1. API 12.20.2. Premium 12.21. Indonesia Oil and Gas Tubular Goods Market Forecast, By Product 12.21.1. Seamless 12.21.2. ERW 12.22. Malaysia Oil and Gas Tubular Goods Market Forecast, By Grade 12.22.1. API 12.22.2. Premium 12.23. Malaysia Oil and Gas Tubular Goods Market Forecast, By Product 12.23.1. Seamless 12.23.2. ERW 12.24. Vietnam Oil and Gas Tubular Goods Market Forecast, By Grade 12.24.1. API 12.24.2. Premium 12.25. Vietnam Oil and Gas Tubular Goods Market Forecast, By Product 12.25.1. Seamless 12.25.2. ERW 12.26. Rest of Asia Pacific Oil and Gas Tubular Goods Market Forecast, By Grade 12.26.1. API 12.26.2. Premium 12.27. Rest of Asia Pacific Oil and Gas Tubular Goods Market Forecast, By Product 12.27.1. Seamless 12.27.2. ERW 12.28. Asia Pacific Oil and Gas Tubular Goods Market Attractiveness Analysis 12.28.1. By Grade 12.28.2. By Product 12.29. PEST Analysis 12.30. Key Trends 12.31. Key Developments 13. Middle East & Africa Oil and Gas Tubular Goods Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Oil and Gas Tubular Goods Market Overview 13.3. Middle East & Africa Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 13.4. Middle East & Africa Oil and Gas Tubular Goods Market Forecast, By Grade 13.4.1. API 13.4.2. Premium 13.5. Middle East & Africa Oil and Gas Tubular Goods Market Value Share Analysis, By Product 13.6. Middle East & Africa Oil and Gas Tubular Goods Market Forecast, By Product 13.6.1. Seamless 13.6.2. ERW 13.7. Middle East & Africa Oil and Gas Tubular Goods Market Value Share Analysis, by Country 13.8. Middle East & Africa Oil and Gas Tubular Goods Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Oil and Gas Tubular Goods Market Analysis, by Country 13.10. GCC Oil and Gas Tubular Goods Market Forecast, By Grade 13.10.1. API 13.10.2. Premium 13.11. GCC Oil and Gas Tubular Goods Market Forecast, By Product 13.11.1. Seamless 13.11.2. ERW 13.12. South Africa Oil and Gas Tubular Goods Market Forecast, By Grade 13.12.1. API 13.12.2. Premium 13.13. South Africa Oil and Gas Tubular Goods Market Forecast, By Product 13.13.1. Seamless 13.13.2. ERW 13.14. Rest of Middle East & Africa Oil and Gas Tubular Goods Market Forecast, By Grade 13.14.1. API 13.14.2. Premium 13.15. Rest of Middle East & Africa Oil and Gas Tubular Goods Market Forecast, By Product 13.15.1. Seamless 13.15.2. ERW 13.16. Middle East & Africa Oil and Gas Tubular Goods Market Attractiveness Analysis 13.16.1. By Grade 13.16.2. By Product 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Oil and Gas Tubular Goods Market Analysis 14.1. Key Findings 14.2. South America Oil and Gas Tubular Goods Market Overview 14.3. South America Oil and Gas Tubular Goods Market Value Share Analysis, By Grade 14.4. South America Oil and Gas Tubular Goods Market Forecast, By Grade 14.4.1. API 14.4.2. Premium 14.5. South America Oil and Gas Tubular Goods Market Value Share Analysis, By Product 14.6. South America Oil and Gas Tubular Goods Market Forecast, By Product 14.6.1. Seamless 14.6.2. ERW 14.7. South America Oil and Gas Tubular Goods Market Value Share Analysis, By Product 14.8. South America Oil and Gas Tubular Goods Market Value Share Analysis, by Country 14.9. South America Oil and Gas Tubular Goods Market Forecast, by Country 14.9.1. Brazil 14.9.2. Mexico 14.9.3. Argentina 14.9.4. Rest of South America 14.10. South America Oil and Gas Tubular Goods Market Analysis, by Country 14.11. Brazil Oil and Gas Tubular Goods Market Forecast, By Grade 14.11.1. API 14.11.2. Premium 14.12. Brazil Oil and Gas Tubular Goods Market Forecast, By Product 14.12.1. Seamless 14.12.2. ERW 14.13. Mexico Oil and Gas Tubular Goods Market Forecast, By Grade 14.13.1. API 14.13.2. Premium 14.14. Mexico Oil and Gas Tubular Goods Market Forecast, By Product 14.14.1. Seamless 14.14.2. ERW 14.15. Argentina Oil and Gas Tubular Goods Market Forecast, By Grade 14.15.1. API 14.15.2. Premium 14.16. Argentina Oil and Gas Tubular Goods Market Forecast, By Product 14.16.1. Seamless 14.16.2. ERW 14.17. Rest of South America Oil and Gas Tubular Goods Market Forecast, By Grade 14.17.1. API 14.17.2. Premium 14.18. Rest of South America Oil and Gas Tubular Goods Market Forecast, By Product 14.18.1. Seamless 14.18.2. ERW 14.19. South America Oil and Gas Tubular Goods Market Attractiveness Analysis 14.19.1. By Grade 14.19.2. By Product 14.20. PEST Analysis 14.21. Key Trends 14.22. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Tenaris 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Vallourec 15.3.3. TMK Group 15.3.4. United States Steel Corporation 15.3.5. Nippon Steel and Sumitomo Metal Corporation 15.3.6. National Oilwell Varco 15.3.7. SPIE Oil and gas Services 15.3.8. Hunting Energy Services 15.3.9. Key Pipe Co. LLC 15.3.10. Argus Machine Co. Ltd 15.3.11. Benteler International AG 15.3.12. MRC Global Inc. 15.3.13. ACE 15.3.14. O.C.T.G. Ltd. 15.3.15. Centric Pipe, LLC 15.3.16. U.S Steel Tubular Products 15.3.17. Sandvik AB 15.3.18. Energex Tube Primary Key Insights