Market Research Report

OCTG Market

OCTG Market Research Report: Size, Share, Trend Analysis Manufacturing Process (Seamless, Electric Resistance Welded), Grade (API, Premium) and By Region (South America, North America, Europe, Asia Pacific, Middle East and Africa) - Growth Outlook & Industry Forecast To 2026

Vertical: EnPBase Year: 201710 Sections

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Executive Summary

OCTG Market — Snapshot

  • Market Size (2017)

    $15.71B

  • Projected (2026)

    $28.69B

  • CAGR (2016–2026)

    6.8%

  • Key Players

    15+

The demand for global oil country tubular goods (OCTG) is growing rapidly owing to various factors, including the increasing exploration & production (E&P) activities and growing production of sour crude.

The global oil country tubular goods (OCTG) market is projected to grow at 7.09% CAGR during the forecast period, 2019–2026. In 2018, the global oil country tubular goods (OCTG) market was dominated by North America with a 33% share, followed by Asia-Pacific and the Middle East with shares of 26.4% and 18.3%, respectively.

The global oil country tubular goods (OCTG) market has been segmented based on manufacturing process, grade, and region. On the basis of manufacturing process, the global oil country tubular goods (OCTG) market has been divided into seamless and electric resistance welded segments. The seamless segment is expected to grow at the faster rate during the forecast period. In 2018, the seamless segment held a 69.7% share of the global oil country tubular goods (OCTG) market. On the basis of grade, the global oil country tubular goods (OCTG) market has been divided into API grade and premium grade. The API grade segment is expected to grow at the faster rate during the forecast period. In 2018, the API grade segment held a 66.4% share of the oil country tubular goods (OCTG) market. On the basis of region, the global oil country tubular goods (OCTG) market has been segmented into the North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Key Insight

The OCTG Market market is projected to grow at a CAGR of 6.8% from 2016 to 2026.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: South America, North America, Europe, Asia Pacific, Middle East and Africa.
  • Market Segmentation: The market is analyzed across 2 segments: Seamless, Electric Resistance Welded. Forecasts are provided for each segment from 2016 to 2026.
  • Competitive Landscape: 15 leading companies are profiled, covering market positioning, strategies, and recent developments.

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OCTG Market

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