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Global OCTG (Oil Country Tubular Goods) Market: Industry Analysis & Outlook (2018-2022)

Global OCTG (Oil Country Tubular Goods) Market: Industry Analysis & Outlook (2018-2022)

Oil Country Tubular Goods (OCTG) comprises of a wide range of steel tubular products that are used in Oil and Gas exploration and production and in particular drilling. They can be Seamless and Welded Pipes (Electric Resistance Welding (EWR) and come in various sizes and length. The process of manufacturing of seamless and welded pipes and tubes is different with the seamless pipes designed to bear much higher stress. OCTG generally includes three categories of products - drill pipe, casing, and tubing.

The OCTG market is a highly competitive sector and with the upsurge in the number of drilling and exploration activities in unconventional reserves, the competition has progressed to a higher level. Moreover, technological advances and rapid economic development in the developing countries are some of the other vital factors that have been guiding the demand for energy. This has propelled the market growth of OCTG over the years.

The key factors driving the growth of OCTG market are increasing demand for oil & gas, accelerating economic growth, rising energy consumption, growing shale oil production and increasing investment in offshore drilling exploration activities. The noteworthy trends that can be witnessed in this industry is accelerating rig count and upsurge in footage of wells drilled. However, the expansion of the market is hindered by the challenges such as depletion of oil and gas reserves, volatile crude oil prices, environmental issues and the international political and economic instability.

The report “Global OCTG Market – Industry Analysis & Outlook (2018-2022)” provides an in-depth analysis of the OCTG market on a global scale along with the US and Russia market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Nippon Steel & Sumitomo Metal Corporation, Tenaris S.A, TMK and Vallourec. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.


1. OCTG Market- An Overview
1.1 Introduction
1.2 Types of OCTG Products
1.3 Types of Oil Country Tubular Goods (OCTG) Pipes
Table 1: Types of OCTG Pipes
1.4 Comparison of Seamless and Welded Pipes
1.5 Oil Country Tubular Goods (OCTG) Manufacturing Process
Table 2: OCTG Manufacturing Process
2. Global OCTG Market
2.1 Global OCTG Market by Value
Table 3: Global OCTG Market by Value (2013-2017)
2.2 Global OCTG Market Forecast by Value
Table 4: Global OCTG Market Forecast by Value (2018-2022)
2.3 Global OCTG Demand by Volume
Table 5: Global OCTG Demand by Volume (2013-2017)
2.4 Global OCTG Demand Forecast by Volume
Table 6: Global OCTG Demand Forecast by Volume (2018-2022)
2.5 Global OCTG Demand by Region
Table 7: Global OCTG Demand by Region (2017)
2.6 Global OCTG Demand – Shales vs. Others
Table 8: Global OCTG Demand – Shales vs. Others (2013-2017)
2.7 Global OCTG Demand Forecast – Shales vs. Others
Table 9: Global OCTG Demand Forecast – Shales vs. Others (2018-2022)
2.8 Global Drilling Activity by Region
Table 10: Global Drilling Activity by Region (2017)
2.9 Global Deep Water OCTG Consumption by Volume
Table 11: Global Deep Water OCTG Consumption by Volume (2013-2017)
2.10 Global Deep Water OCTG Consumption Forecast by Volume
Table 12: Global Deep Water OCTG Consumption Forecast by Volume (2018-2022)
2.11 Global Seamless OCTG Production and Capacity by Volume
Table 13: Global Seamless OCTG Production and Capacity by Volume (2013-2017)
2.12 Global Seamless OCTG Production and Capacity by Volume
Table 14: Global Seamless OCTG Production and Capacity by Volume (2018-2022)
2.13 Global Seamless OCTG Production by Region
Table 15: Global Seamless OCTG Production by Region (2017)
2.14 Global Seamless OCTG Consumption by Region
Table 16: Global Seamless OCTG Consumption by Region (2017)
3. Regional Market Analysis
3.1 The US
3.1.1 The US Rig Count
Table 17: The US Rig Count (2013-2017)
3.1.2 The US Rig Count Forecast
Table 18: The US Rig Count Forecast (2018-2022)
3.1.3 The US OCTG Consumption by Volume
Table 19: The US OCTG Consumption by Volume (2013-2017)
3.1.4 The US OCTG Consumption by Volume Forecast
Table 20: The US OCTG Consumption by Volume Forecast (2018-2022)
3.1.5 The US OCTG Consumption by Segment
Table 21: The US OCTG Consumption by Segment (2010-2016)
3.1.6 The US Distributor Welded OCTG vs. HRC Prices
Table 22: The US Distributor Welded OCTG vs. HRC Prices (January 13-January 17)
3.1.7 The US Distributor Seamless OCTG vs. Scrap Prices
Table 23: The US Distributor Seamless OCTG vs. Scrap Prices (January 13-January 17)
3.2 Russia
3.2.1 Russian OCTG Market by Volume
Table 24: Russian OCTG Market by Volume (2013-2017)
3.2.2 Russian OCTG Market Forecast by Volume
Table 25: Russian OCTG Market Forecast by Volume (2018-2022)
3.2.3 Russia OCTG Market Share by Product
Table 26: Russia OCTG Market Share by Product (2017)
3.2.4 Russian Annual Development Drilling Program
Table 27: Russian Annual Development Drilling Program (2013-2017)
3.2.5 Russian Annual Development Drilling Program
Table 28: Russian Annual Development Drilling Program Forecast (2018-2022)
3.2.6 Russian Tube and Pipe Market by Volume
Table 29: Russian Tube and Pipe Market by Volume (2013-2017)
3.2.7 Russian Tube and Pipe Market Forecast by Volume
Table 30: Russian Tube and Pipe Market Forecast by Volume (2018-2022)
3.3 China
3.3.1 China’s Seamless OCTG Production and Capacity by Volume
Table 31: China’s Seamless OCTG Production and Capacity by Volume (2013-2017)
3.3.2 China’s Seamless OCTG Production and Capacity by Volume Forecast
Table 32: China’s Seamless OCTG Production and Capacity by Volume Forecast (2018-2022)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Demand for Oil & Gas
Table 33: Global Oil Demand (2013-2017)
4.1.2 Accelerating Economic Growth
Table 34: Global Gross Domestic Product (GDP) per Capita (2013-2017)
4.1.3 Rising Energy Consumption
Table 35: Global Total Energy Consumption (1990-2040)
4.1.4 Growing Shale Oil Production
Table 36: The US Shale Oil Production (2013-2017)
4.1.5 Increased Investment in Offshore Drilling Exploration Activities
4.2 Key Trends
4.2.1 Accelerating Rig Count
Table 37: Global Rig Count (2013-2017)
Table 38: Global Rig Count by Region (2013-2017)
4.2.2 Upsurge in Footage of Wells Drilled
Table 39: The US Annual Footage Drilled, by Type (2017-2022)
4.3 Challenges
4.3.1 Volatility of Oil Prices
Table 40: Average Annual Brent Crude Oil Price (2010-2017)
4.3.2 Depletion of Limited Oil and Gas Reserves
4.3.3 International Political and Economic Instability
4.3.4 Environmental Issues
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
Table 41: Key Players - Revenue & Market Cap Comparison (2017)
5.1.2 Global Premium OCTG Market Share by Company
Table 42: Global Premium OCTG Market Share by Company (2017)
5.2 Russia
5.2.1 Russian OCTG Market Share by Company
Table 43: Russian OCTG Market Share by Company (2017)
6. Company Profiles
6.1 Nippon Steel & Sumitomo Metal
6.1.1 Business Overview
Table 44: Nippon Steel & Sumitomo Metal Net Sales by Segment (2017)
6.1.2 Financial Overview
Table 45: Nippon Steel & Sumitomo Metal Corporation Net Sales and Net Profit (2013-2017)
6.1.3 Business Strategies
Table 46: Nippon Steel & Sumitomo Metal Agreements (2017/2018)
6.2 Tenaris S.A.
6.2.1 Business Overview
Table 47: Tenaris S.A Net Sales by Business Segment (2017)
Table 48: Tenaris S.A. Net Sales by Region (2017)
6.2.2 Financial Overview
Table 49: Tenaris S.A. Net Sales and Net Income (2013-2017)
6.2.3 Business Strategies
Table 50: Tenaris S.A. Research & Development Expenditure (2015-2017)
6.3 TMK
6.3.1 Business Overview
Table 51: TMK Revenue by Business Segments (2017)
Table 52: TMK Revenue by Product Categories (2017)
6.3.2 Financial Overview
Table 53: TMK Revenue and Gross Profit (2013-2017)
6.3.3 Business Strategies
Table 54: TMK Product Launches (2017)
6.4 Vallourec
6.4.1 Business Overview
Table 55: Vallourec Revenue by Business Segments (2017)
Table 56: Vallourec Revenue by Region (2017)
6.4.2 Financial Overview
Table 57: Vallourec Revenue and Net Income (2013-2017)
6.1.4 Business Strategies
Table 58: Vallourec Agreements (2017/2018)
Table 59: Vallourec Research & Development Expenses (2015-2017)

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