OCTG is the abbreviation of oil country tubular goods, also known as oil well pipe in China. It refers to a kind of steel pipe specially used for oil and gas exploitation, most of which are seamless, but welded pipe also accounts for a considerable proportion. It can be divided into four categories: oil pipe, casing pipe, drill pipe and pipeline pipe.
According to the material and properties of the steel pipe, the oil well pipe is divided into different steel grades. Different steel grades represent different metal elements composition, process requirements and corresponding performance conditions. According to the chemical composition, tensile properties, yield strength and hardness requirements, oil well pipes are generally divided into four groups according to API classification method, with 11 steel grades and 19 specifications. According to the different yield strength and properties of products, there are low and medium grade steel and high grade oil well pipe.
In addition to API, there are some non API oil well pipes, which are mainly for steel grade. The appearance of non API grade steel is due to the situation of ultra deep well, high temperature and high temperature and different corrosion composition with the exploration and exploitation of oil and gas. The oil well pipe and steel pipe production enterprises must adjust the metal element composition in the pipe body or adopt different processing methods to treat the steel pipe, so as to meet the performance requirements of different environments.
According to our (Global Info Research) latest study, the global Oil Country Tubular Goods (OCTG) market size was valued at USD 14510 million in 2022 and is forecast to a readjusted size of USD 21580 million by 2029 with a CAGR of 5.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In terms of product types, OCTG can be generally divided into Casing, Tubing and others. In 2019, the market share of OCTG(Tubing) is the largest, accounting for about 78%.
In terms of product application, OCTG can be mainly used on Onshore and Offshore, among which, in 2019, the application in the field of Onshore accounts for the largest proportion, about 67%.
This report is a detailed and comprehensive analysis for global Oil Country Tubular Goods (OCTG) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
For more information (Including Full TOC, List of Tables & Figures, Chart), please click @ https://www.globalinforesearch.com/reports/993202/oil-country-tubular-goods-(octg)
This report profiles key players in the global Oil Country Tubular Goods (OCTG) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tenaris, Vallourec, TMK Group, Nippon Steel and Sumitomo Metal and U. S. Steel Tubular Products, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
Casing
Tubing
Other
Market segment by Application
Onshore
Offshore
Major players covered
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 Co.,Ltd.
Jiangsu Changbao Steel tube Co.,Ltd.
Hunan Valin Hengyang Steel Tube(Group)Co.,Ltd.
Tian Jin Pipe (group) Corporation(TPCO)
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil Country Tubular Goods (OCTG) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Oil Country Tubular Goods (OCTG), with price, sales, revenue and global market share of Oil Country Tubular Goods (OCTG) from 2018 to 2023.
Chapter 3, the Oil Country Tubular Goods (OCTG) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil Country Tubular Goods (OCTG) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Oil Country Tubular Goods (OCTG) market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Oil Country Tubular Goods (OCTG).
Chapter 14 and 15, to describe Oil Country Tubular Goods (OCTG) sales channel, distributors, customers, research findings and conclusion.
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