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Global OCTG Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Oct 30, 2025
Length 163 Pages
SKU # BOSS20729942

Description

Report Overview

The OCTG market includes the manufacturing, and sale of tubular products used in oil and gas drilling and production operations. These products primarily consist of drill pipes, casing pipes, and tubing pipes, which are essential for well construction, maintaining well integrity, and transporting fluids during extraction. The market covers various steel grades and specifications designed to withstand harsh downhole environments, high pressures, and corrosive conditions. OCTG is critical to upstream oil and gas activities and is influenced by drilling activities, oil prices, and technological advances in materials.

The global OCTG market size was estimated at USD nan million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of nan% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global OCTG market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global OCTG market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the OCTG market.

Global OCTG Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

Tenaris S.A.

Nippon Steel Corporation

JFE Steel Corporation

Vallourec S.A.

TMK Group

ArcelorMittal

China National Petroleum Corporation (CNPC)

U.S. Steel Corporation

Tianjin Pipe Corporation (TPCO)

voestalpine Tubulars GmbH & Co KG

Borusan Mannesmann

Hunting PLC

Benteler International AG

Zekelman Industries

Tubos Reunidos S.A.

EVRAZ North America

Jiangsu Changbao Steel Tube Co., Ltd.

Dalipal Holdings Limited

ILJIN Steel Corporation

United Drilling Tools Limited

China Baowu Group

Market Segmentation (by Type)

Drill Pipe

Casing Pipe

Tubing Pipe

Market Segmentation (by Application)

Onshore

Offshore

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the OCTG Market

Overview of the regional outlook of the OCTG Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the OCTG Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of OCTG, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

163 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of OCTG
1.2 Key Market Segments
1.2.1 OCTG Segment by Type
1.2.2 OCTG Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 OCTG Market Overview
2.1 Global Market Overview
2.1.1 Global OCTG Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global OCTG Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 OCTG Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global OCTG Product Life Cycle
3.3 Global OCTG Sales by Manufacturers (2020-2025)
3.4 Global OCTG Revenue Market Share by Manufacturers (2020-2025)
3.5 OCTG Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global OCTG Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 OCTG Market Competitive Situation and Trends
3.8.1 OCTG Market Concentration Rate
3.8.2 Global 5 and 10 Largest OCTG Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 OCTG Industry Chain Analysis
4.1 OCTG Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of OCTG Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global OCTG Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to OCTG Market
5.7 ESG Ratings of Leading Companies
6 OCTG Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global OCTG Sales Market Share by Type (2020-2025)
6.3 Global OCTG Market Size Market Share by Type (2020-2025)
6.4 Global OCTG Price by Type (2020-2025)
7 OCTG Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global OCTG Market Sales by Application (2020-2025)
7.3 Global OCTG Market Size (M USD) by Application (2020-2025)
7.4 Global OCTG Sales Growth Rate by Application (2020-2025)
8 OCTG Market Sales by Region
8.1 Global OCTG Sales by Region
8.1.1 Global OCTG Sales by Region
8.1.2 Global OCTG Sales Market Share by Region
8.2 Global OCTG Market Size by Region
8.2.1 Global OCTG Market Size by Region
8.2.2 Global OCTG Market Size Market Share by Region
8.3 North America
8.3.1 North America OCTG Sales by Country
8.3.2 North America OCTG Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe OCTG Sales by Country
8.4.2 Europe OCTG Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific OCTG Sales by Region
8.5.2 Asia Pacific OCTG Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America OCTG Sales by Country
8.6.2 South America OCTG Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa OCTG Sales by Region
8.7.2 Middle East and Africa OCTG Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 OCTG Market Production by Region
9.1 Global Production of OCTG by Region(2020-2025)
9.2 Global OCTG Revenue Market Share by Region (2020-2025)
9.3 Global OCTG Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America OCTG Production
9.4.1 North America OCTG Production Growth Rate (2020-2025)
9.4.2 North America OCTG Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe OCTG Production
9.5.1 Europe OCTG Production Growth Rate (2020-2025)
9.5.2 Europe OCTG Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan OCTG Production (2020-2025)
9.6.1 Japan OCTG Production Growth Rate (2020-2025)
9.6.2 Japan OCTG Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China OCTG Production (2020-2025)
9.7.1 China OCTG Production Growth Rate (2020-2025)
9.7.2 China OCTG Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Tenaris S.A.
10.1.1 Tenaris S.A. Basic Information
10.1.2 Tenaris S.A. OCTG Product Overview
10.1.3 Tenaris S.A. OCTG Product Market Performance
10.1.4 Tenaris S.A. Business Overview
10.1.5 Tenaris S.A. SWOT Analysis
10.1.6 Tenaris S.A. Recent Developments
10.2 Nippon Steel Corporation
10.2.1 Nippon Steel Corporation Basic Information
10.2.2 Nippon Steel Corporation OCTG Product Overview
10.2.3 Nippon Steel Corporation OCTG Product Market Performance
10.2.4 Nippon Steel Corporation Business Overview
10.2.5 Nippon Steel Corporation SWOT Analysis
10.2.6 Nippon Steel Corporation Recent Developments
10.3 JFE Steel Corporation
10.3.1 JFE Steel Corporation Basic Information
10.3.2 JFE Steel Corporation OCTG Product Overview
10.3.3 JFE Steel Corporation OCTG Product Market Performance
10.3.4 JFE Steel Corporation Business Overview
10.3.5 JFE Steel Corporation SWOT Analysis
10.3.6 JFE Steel Corporation Recent Developments
10.4 Vallourec S.A.
10.4.1 Vallourec S.A. Basic Information
10.4.2 Vallourec S.A. OCTG Product Overview
10.4.3 Vallourec S.A. OCTG Product Market Performance
10.4.4 Vallourec S.A. Business Overview
10.4.5 Vallourec S.A. Recent Developments
10.5 TMK Group
10.5.1 TMK Group Basic Information
10.5.2 TMK Group OCTG Product Overview
10.5.3 TMK Group OCTG Product Market Performance
10.5.4 TMK Group Business Overview
10.5.5 TMK Group Recent Developments
10.6 ArcelorMittal
10.6.1 ArcelorMittal Basic Information
10.6.2 ArcelorMittal OCTG Product Overview
10.6.3 ArcelorMittal OCTG Product Market Performance
10.6.4 ArcelorMittal Business Overview
10.6.5 ArcelorMittal Recent Developments
10.7 China National Petroleum Corporation (CNPC)
10.7.1 China National Petroleum Corporation (CNPC) Basic Information
10.7.2 China National Petroleum Corporation (CNPC) OCTG Product Overview
10.7.3 China National Petroleum Corporation (CNPC) OCTG Product Market Performance
10.7.4 China National Petroleum Corporation (CNPC) Business Overview
10.7.5 China National Petroleum Corporation (CNPC) Recent Developments
10.8 U.S. Steel Corporation
10.8.1 U.S. Steel Corporation Basic Information
10.8.2 U.S. Steel Corporation OCTG Product Overview
10.8.3 U.S. Steel Corporation OCTG Product Market Performance
10.8.4 U.S. Steel Corporation Business Overview
10.8.5 U.S. Steel Corporation Recent Developments
10.9 Tianjin Pipe Corporation (TPCO)
10.9.1 Tianjin Pipe Corporation (TPCO) Basic Information
10.9.2 Tianjin Pipe Corporation (TPCO) OCTG Product Overview
10.9.3 Tianjin Pipe Corporation (TPCO) OCTG Product Market Performance
10.9.4 Tianjin Pipe Corporation (TPCO) Business Overview
10.9.5 Tianjin Pipe Corporation (TPCO) Recent Developments
10.10 voestalpine Tubulars GmbH and Co KG
10.10.1 voestalpine Tubulars GmbH and Co KG Basic Information
10.10.2 voestalpine Tubulars GmbH and Co KG OCTG Product Overview
10.10.3 voestalpine Tubulars GmbH and Co KG OCTG Product Market Performance
10.10.4 voestalpine Tubulars GmbH and Co KG Business Overview
10.10.5 voestalpine Tubulars GmbH and Co KG Recent Developments
10.11 Borusan Mannesmann
10.11.1 Borusan Mannesmann Basic Information
10.11.2 Borusan Mannesmann OCTG Product Overview
10.11.3 Borusan Mannesmann OCTG Product Market Performance
10.11.4 Borusan Mannesmann Business Overview
10.11.5 Borusan Mannesmann Recent Developments
10.12 Hunting PLC
10.12.1 Hunting PLC Basic Information
10.12.2 Hunting PLC OCTG Product Overview
10.12.3 Hunting PLC OCTG Product Market Performance
10.12.4 Hunting PLC Business Overview
10.12.5 Hunting PLC Recent Developments
10.13 Benteler International AG
10.13.1 Benteler International AG Basic Information
10.13.2 Benteler International AG OCTG Product Overview
10.13.3 Benteler International AG OCTG Product Market Performance
10.13.4 Benteler International AG Business Overview
10.13.5 Benteler International AG Recent Developments
10.14 Zekelman Industries
10.14.1 Zekelman Industries Basic Information
10.14.2 Zekelman Industries OCTG Product Overview
10.14.3 Zekelman Industries OCTG Product Market Performance
10.14.4 Zekelman Industries Business Overview
10.14.5 Zekelman Industries Recent Developments
10.15 Tubos Reunidos S.A.
10.15.1 Tubos Reunidos S.A. Basic Information
10.15.2 Tubos Reunidos S.A. OCTG Product Overview
10.15.3 Tubos Reunidos S.A. OCTG Product Market Performance
10.15.4 Tubos Reunidos S.A. Business Overview
10.15.5 Tubos Reunidos S.A. Recent Developments
10.16 EVRAZ North America
10.16.1 EVRAZ North America Basic Information
10.16.2 EVRAZ North America OCTG Product Overview
10.16.3 EVRAZ North America OCTG Product Market Performance
10.16.4 EVRAZ North America Business Overview
10.16.5 EVRAZ North America Recent Developments
10.17 Jiangsu Changbao Steel Tube Co., Ltd.
10.17.1 Jiangsu Changbao Steel Tube Co., Ltd. Basic Information
10.17.2 Jiangsu Changbao Steel Tube Co., Ltd. OCTG Product Overview
10.17.3 Jiangsu Changbao Steel Tube Co., Ltd. OCTG Product Market Performance
10.17.4 Jiangsu Changbao Steel Tube Co., Ltd. Business Overview
10.17.5 Jiangsu Changbao Steel Tube Co., Ltd. Recent Developments
10.18 Dalipal Holdings Limited
10.18.1 Dalipal Holdings Limited Basic Information
10.18.2 Dalipal Holdings Limited OCTG Product Overview
10.18.3 Dalipal Holdings Limited OCTG Product Market Performance
10.18.4 Dalipal Holdings Limited Business Overview
10.18.5 Dalipal Holdings Limited Recent Developments
10.19 ILJIN Steel Corporation
10.19.1 ILJIN Steel Corporation Basic Information
10.19.2 ILJIN Steel Corporation OCTG Product Overview
10.19.3 ILJIN Steel Corporation OCTG Product Market Performance
10.19.4 ILJIN Steel Corporation Business Overview
10.19.5 ILJIN Steel Corporation Recent Developments
10.20 United Drilling Tools Limited
10.20.1 United Drilling Tools Limited Basic Information
10.20.2 United Drilling Tools Limited OCTG Product Overview
10.20.3 United Drilling Tools Limited OCTG Product Market Performance
10.20.4 United Drilling Tools Limited Business Overview
10.20.5 United Drilling Tools Limited Recent Developments
10.21 China Baowu Group
10.21.1 China Baowu Group Basic Information
10.21.2 China Baowu Group OCTG Product Overview
10.21.3 China Baowu Group OCTG Product Market Performance
10.21.4 China Baowu Group Business Overview
10.21.5 China Baowu Group Recent Developments
11 OCTG Market Forecast by Region
11.1 Global OCTG Market Size Forecast
11.2 Global OCTG Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe OCTG Market Size Forecast by Country
11.2.3 Asia Pacific OCTG Market Size Forecast by Region
11.2.4 South America OCTG Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of OCTG by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global OCTG Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of OCTG by Type (2026-2033)
12.1.2 Global OCTG Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of OCTG by Type (2026-2033)
12.2 Global OCTG Market Forecast by Application (2026-2033)
12.2.1 Global OCTG Sales (K MT) Forecast by Application
12.2.2 Global OCTG Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
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