Global Oil Country Tubular Goods (OCTG) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Oil Country Tubular Goods (OCTG) market size will reach 17,802 Million USD in 2025 and is projected to reach 27,338 Million USD by 2032, with a CAGR of 6.32% (2025-2032). Notably, the China Oil Country Tubular Goods (OCTG) market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Oil Country Tubular Goods (OCTG) refers to a range of standardized steel pipes and tubes used in the oil and gas industry. These tubular goods are designed to withstand the extreme conditions encountered during oil and gas exploration, drilling, production, and transportation processes. OCTG includes three main types of products: casings, tubing, and drill pipes. Casing pipes are large-diameter steel pipes installed in oil and gas wells to create a stable and secure borehole, protecting the well and preventing external contamination. Tubing is used to extract oil and gas from the well, providing a conduit for fluid flow. Drill pipes, on the other hand, are used during drilling operations to transmit torque and drilling fluid to the drill bit. OCTG products undergo rigorous quality testing and adhere to specific standards to ensure they can withstand high pressures, temperature variations, corrosive environments, and mechanical stresses. These tubular goods are crucial components in the oil and gas industry, supporting efficient and safe extraction, production, and transportation of hydrocarbons.
The major global manufacturers of Oil Country Tubular Goods (OCTG) include Tenaris, Vallourec, TMK Group, Nippon Steel and Sumitomo Metal, U. S. Steel Tubular Products, ArcelorMittal, SANDVIK, Zekelman Industries, SB international Inc, Continental Alloys and Services, Baoshan Iron and Steel, Jiangsu Changbao Steel tube, Hunan Valin Hengyang Steel Tube, Tian Jin Pipe (group) Corporation (TPCO), JFE, Interpipe, Voestalpine, Evraz, JESCO, Jindal Saw, Maharashtra, SeAH Steel, Nexteel, Hyundai Hysco, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Oil Country Tubular Goods (OCTG). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Oil Country Tubular Goods (OCTG) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Oil Country Tubular Goods (OCTG) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Oil Country Tubular Goods (OCTG) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Oil Country Tubular Goods (OCTG) Include:
Tenaris
Vallourec
TMK Group
Nippon Steel and Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys and Services
Baoshan Iron and Steel
Jiangsu Changbao Steel tube
Hunan Valin Hengyang Steel Tube
Tian Jin Pipe (group) Corporation (TPCO)
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
Oil Country Tubular Goods (OCTG) Product Segment Include:
Casing
Tubing
Others
Oil Country Tubular Goods (OCTG) Product Application Include:
Onshore
Offshore
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Oil Country Tubular Goods (OCTG) Industry PESTEL Analysis
Chapter 3: Global Oil Country Tubular Goods (OCTG) Industry Porter's Five Forces Analysis
Chapter 4: Global Oil Country Tubular Goods (OCTG) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Oil Country Tubular Goods (OCTG) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Oil Country Tubular Goods (OCTG) Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Oil Country Tubular Goods (OCTG) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Oil Country Tubular Goods (OCTG) market size will reach 17,802 Million USD in 2025 and is projected to reach 27,338 Million USD by 2032, with a CAGR of 6.32% (2025-2032). Notably, the China Oil Country Tubular Goods (OCTG) market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Oil Country Tubular Goods (OCTG) refers to a range of standardized steel pipes and tubes used in the oil and gas industry. These tubular goods are designed to withstand the extreme conditions encountered during oil and gas exploration, drilling, production, and transportation processes. OCTG includes three main types of products: casings, tubing, and drill pipes. Casing pipes are large-diameter steel pipes installed in oil and gas wells to create a stable and secure borehole, protecting the well and preventing external contamination. Tubing is used to extract oil and gas from the well, providing a conduit for fluid flow. Drill pipes, on the other hand, are used during drilling operations to transmit torque and drilling fluid to the drill bit. OCTG products undergo rigorous quality testing and adhere to specific standards to ensure they can withstand high pressures, temperature variations, corrosive environments, and mechanical stresses. These tubular goods are crucial components in the oil and gas industry, supporting efficient and safe extraction, production, and transportation of hydrocarbons.
The major global manufacturers of Oil Country Tubular Goods (OCTG) include Tenaris, Vallourec, TMK Group, Nippon Steel and Sumitomo Metal, U. S. Steel Tubular Products, ArcelorMittal, SANDVIK, Zekelman Industries, SB international Inc, Continental Alloys and Services, Baoshan Iron and Steel, Jiangsu Changbao Steel tube, Hunan Valin Hengyang Steel Tube, Tian Jin Pipe (group) Corporation (TPCO), JFE, Interpipe, Voestalpine, Evraz, JESCO, Jindal Saw, Maharashtra, SeAH Steel, Nexteel, Hyundai Hysco, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Oil Country Tubular Goods (OCTG). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Oil Country Tubular Goods (OCTG) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Oil Country Tubular Goods (OCTG) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Oil Country Tubular Goods (OCTG) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Oil Country Tubular Goods (OCTG) Include:
Tenaris
Vallourec
TMK Group
Nippon Steel and Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys and Services
Baoshan Iron and Steel
Jiangsu Changbao Steel tube
Hunan Valin Hengyang Steel Tube
Tian Jin Pipe (group) Corporation (TPCO)
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
Oil Country Tubular Goods (OCTG) Product Segment Include:
Casing
Tubing
Others
Oil Country Tubular Goods (OCTG) Product Application Include:
Onshore
Offshore
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Oil Country Tubular Goods (OCTG) Industry PESTEL Analysis
Chapter 3: Global Oil Country Tubular Goods (OCTG) Industry Porter's Five Forces Analysis
Chapter 4: Global Oil Country Tubular Goods (OCTG) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Oil Country Tubular Goods (OCTG) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Oil Country Tubular Goods (OCTG) Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Oil Country Tubular Goods (OCTG) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Oil Country Tubular Goods (OCTG) Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Oil Country Tubular Goods (OCTG) Product by Type
- 1.2.1 Casing
- 1.2.2 Tubing
- 1.2.3 Others
- 1.3 Oil Country Tubular Goods (OCTG) Product by Application
- 1.3.1 Onshore
- 1.3.2 Offshore
- 1.4 Global Oil Country Tubular Goods (OCTG) Market Revenue and Sales Analysis
- 1.4.1 Global Oil Country Tubular Goods (OCTG) Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Oil Country Tubular Goods (OCTG) Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Oil Country Tubular Goods (OCTG) Market Sales Price Trend Analysis (2020-2032)
- 1.5 Oil Country Tubular Goods (OCTG) Market Development Status and Trends
- 1.5.1 Oil Country Tubular Goods (OCTG) Industry Development Status Analysis
- 1.5.2 Oil Country Tubular Goods (OCTG) Industry Development Trends Analysis
- 2 Oil Country Tubular Goods (OCTG) Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Oil Country Tubular Goods (OCTG) Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Oil Country Tubular Goods (OCTG) Market Analysis by Country
- 4.1 Global Oil Country Tubular Goods (OCTG) Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Oil Country Tubular Goods (OCTG) Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Oil Country Tubular Goods (OCTG) Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Oil Country Tubular Goods (OCTG) Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Oil Country Tubular Goods (OCTG) Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Oil Country Tubular Goods (OCTG) Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Oil Country Tubular Goods (OCTG) Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Oil Country Tubular Goods (OCTG) Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Oil Country Tubular Goods (OCTG) Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Oil Country Tubular Goods (OCTG) Average Sales Price by Manufacturers (2021-2025)
- 5.2 Oil Country Tubular Goods (OCTG) Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Oil Country Tubular Goods (OCTG) Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Oil Country Tubular Goods (OCTG) Market Analysis by Type
- 6.1 Global Oil Country Tubular Goods (OCTG) Market Revenue Analysis by Type
- 6.1.1 Global Oil Country Tubular Goods (OCTG) Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Oil Country Tubular Goods (OCTG) Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Oil Country Tubular Goods (OCTG) Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Oil Country Tubular Goods (OCTG) Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Tenaris
- 7.1.1 Tenaris Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Tenaris Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.1.3 Tenaris Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Vallourec
- 7.2.1 Vallourec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Vallourec Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.2.3 Vallourec Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 TMK Group
- 7.3.1 TMK Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 TMK Group Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.3.3 TMK Group Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Nippon Steel and Sumitomo Metal
- 7.4.1 Nippon Steel and Sumitomo Metal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Nippon Steel and Sumitomo Metal Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.4.3 Nippon Steel and Sumitomo Metal Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 U. S. Steel Tubular Products
- 7.5.1 U. S. Steel Tubular Products Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 U. S. Steel Tubular Products Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.5.3 U. S. Steel Tubular Products Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 ArcelorMittal
- 7.6.1 ArcelorMittal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 ArcelorMittal Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.6.3 ArcelorMittal Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 SANDVIK
- 7.7.1 SANDVIK Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 SANDVIK Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.7.3 SANDVIK Oil Country Tubular Goods (OCTG) Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Zekelman Industries
- 7.8.1 Zekelman Industries Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Zekelman Industries Oil Country Tubular Goods (OCTG) Product Portfolio
- 7.8.3 Zekelman Industries Oil Country Tubula
Pricing
Currency Rates
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