Oil Country Tubular Goods (OCTG) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The oil country tubular goods (OCTG) market is expected to grow at a CAGR of more than 6% during the forecast period. 

OCTG (Oil Country Tubular Goods) is a component used to produce oil and gas in oil wells. Proper use of OTCG can help reduce the likelihood of accidents, risks, and risks that ultimately save a company’s production costs. These include casings, drill pipes, tubes, etc.

Market Segmentation

By Manufacturing Process

o    Electrical Resistance Welded

o    Seamless

 By Grade

o    API Grade

o    Premium Grade

 By Product

 o    Well Casing

 o    Production Tubing

 o    Drill Pipe

 o    Others

By Application

  o    Onshore

  o    Offshore

Oil Country Tubular Goods (OCTG) Market – Key Players

Some of the major competitors of the global oil country tubular goods (OCTG) market are National-Oilwell Varco Inc, ArcelorMittal SA, Iljin Steel Co., TPCO Enterprise Inc., TMK Ipsco Enterprises Inc., Nippon Steel & Sumitomo Metal Corporation, U. S. Steel Tubular Products Inc., Tenaris SA, and Vallourec SA.

Scope of the Report

The research study analyzes the global Oil Country Tubular Goods (OCTG) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Oil Country Tubular Goods (OCTG) Market Report

1. What was the Oil Country Tubular Goods (OCTG) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Oil Country Tubular Goods (OCTG) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Oil Country Tubular Goods (OCTG) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.