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Oil Country Tubular Goods Market

Oil Country Tubular Goods Market

Oil Country Tubular Goods Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Manufacturing Process Seamless, Electric Resistance Welded
  • By Grade Premium Grade, API Grade
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 22 Billion
Revenue 2028Revenue 2028: 37.8 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 7
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

The report delivers an acute breakdown of the market based on various segments such as Manufacturing Process, Grade, and Region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Manufacturing Process, the market is divided into Seamless, Electric Resistance Welded. Seamless held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Grade, the market is divided into Premium Grade, API Grade. Premium Grade attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Oil Country Tubular Goods Market: Manufacturing Process Segment Analysis

    • Seamless
    • Electric Resistance Welded

Global Oil Country Tubular Goods Market: Grade Segment Analysis

    • Premium Grade
    • API Grade
Frequently Asked Question
  • The global Oil Country Tubular Goods valued at 22 Billion in 2020 and is expected to reach 37.8 Billion in 2028 growing at a CAGR of 7%.

  • The prominent players in the market are ILJIN Steel Co. Ltd., Sumitomo Corporation, JFE Steel Corporation, Tenergy Equipment & Service Ltd., National Oilwell Varco, SB International Inc., United States Steel Corporation, ArcelorMittal, Schlumberger, Tenaris, Weatherford, EVRAZ North America, TMK, Vallourec..

  • The market is project to grow at a CAGR of 7% between 2021 and 2028.

  • The driving factors of the Oil Country Tubular Goods include

    • The demand for oil country tubular goods market is boosted by high exploration as well as production activities happening, growth in proven shale reserves, with escalating investments from oil and gas operators. The trend is expecte to continue with the current growth in offshore activities and shale reserve exploratory activities.
    • Development has now become a prime concern in countries all over the world and for development the requirment of energy is must. With the increase in demand for energy the market is leading to the increase the prices of oil and gas , which is through positive impact on an increase in exploration and development activities all over and generating growth and demand for OCTG.

  • North America was the leading regional segment of the Oil Country Tubular Goods in 2020.