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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

Research Methodology: Oil Country Tubular Goods Market - Global Market Assessment, 2021 - 2028

The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Oil Country Tubular Goods market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA

Secondary Research

Primary Research:

After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Oil Country Tubular Goods market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market. 

Data Triangulation and Market Size Estimations

Top-down and bottom-up approaches are used to validate and estimate the market size of the Oil Country Tubular Goods market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.  

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.