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Global Oil Country Tubular Goods Market by Grade (American Petroleum Institute (API), and Premium), by Manufacturing Process (Seamless, and Electric Resistance Welded), By Product (Well Casing, Production Tubing, and Drill Pipe), By Application (Onshore and Offshore), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2027

Global Oil Country Tubular Goods Market by Grade (American Petroleum Institute (API), and Premium), by Manufacturing Process (Seamless, and Electric Resistance Welded), By Product (Well Casing, Production Tubing, and Drill Pipe), By Application (Onshore and Offshore), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2027

Global oil country tubular goods market expected to drive due to the growing drilling activities in onshore and offshore and growth in trend of horizontal drilling in unconventional reserves
The global oil country tubular goods market size projected to grow over a CAGR of 7.05%, during the forecast period, 2020-2027. The key factors are the surge in demand for energy, which leads to an increase in oil and gas prices, resulting in a rise in exploration and development activities, thereby bolstering OCTG's demand. Further, the liberalization of oil & gas by major countries across the globe contributes to the rise of foreign investment, thereby helping the oil and gas industry. These factors will spur the global oil country tubular goods industry in the analysis periods. The upsurge in demand for oil & gas leads to growing exploration and production activities factor is anticipated to bode well for oil country tubular goods market over the forecast period. Additionally, the improvements in efficiencies and advancements in well-drilling technology to improve the recoverability of oil and gas resources are projected to trigger the growth of the global oil country tubular goods market in the upcoming periods.
Moreover, many countries are starving hard to reduce foreign exchange on imports of hydrocarbons by discovering conventional and unconventional reserves in their territorial, which is booming the oil country tubular goods market growth. Furthermore, the upsurge in demand for advanced oil country tubular goods products in new areas of unconventional resources is expected to propel OCTG's demand over the coming years.
Grade Overview in the Global Oil Country Tubular Goods Market
Based on the grade, the global oil country tubular goods market bifurcates into the American Petroleum Institute (API) and Premium. The premium segment will be the fastest-growing segment in the forecast period. It is attributable to the surge in deep-water exploration in remote areas with harsh environments has increased the use of premium quality drilling equipment.
Manufacturing Process Overview in the Global Oil Country Tubular Goods market
Based on the manufacturing process, the global oil country tubular goods market segregated into seamless and electric resistance welded. The seamless segment will hold the highest revenue by 2027. It is owing to its uniformity of shape. It avoids the possibility of a weak seam that makes it is suitable for high-pressure applications such as hydrocarbons exploration and production.
Product Overview in the Global Oil Country Tubular Goods Market
Based on the product, the global oil country tubular goods market classified into the well casing, production tubing, and drill pipe. The well casing projected to lead the market by 2027. It is due to well casing help in support the wall of well so that unconsolidated sand or rock fragments through which well is penetrated, do not collapse into the well shaft.
Application Overview in the Global Oil Country Tubular Goods Market
Based on the application, the global oil country tubular goods market bifurcated into Onshore and Offshore. The offshore segment will generate the most substantial revenue because of the surge in global offshore rig count and a large expansion of the existing offshore wells in deep and ultra-deep waters, mainly in the Gulf of Mexico, Persian Gulf, North Sea, and the South China Sea.
Regional Overview in the Global Oil Country Tubular Goods Market
By geography, the global oil country tubular goods market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific will account for maximum revenue share by 2027, owing to the widespread development of oil & gas fields in the region both offshore and onshore in these regions and prominent market leaders in the region.
Global Oil Country Tubular Goods Market: Competitive Landscape
Companies such as Tenaris S.A, Vallourec, TMK Group, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, SPIE Oil & Gas Services, Hunting Energy Services, Kelly Pipe Co. LLC, Argus Machine Co. Ltd., Benteler International AG, MRC Global Inc., ACE O.C.T.G. Ltd, Centric Pipe, LLC, U. S. Steel Tubular Products, Sandvik AB, and Energex Tube are the key players in the global oil country tubular goods market.
Global Oil Country Tubular Goods Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. New Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2019
4.7. Porter’s Five forces analysis
4.8. New Investment Analysis
4.9. PESTEL Analysis
5. Global Oil Country Tubular Goods Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.1.2. Consumption
5.1.2.1. By Volume (Kilotons)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Grade
5.2.1.1. American Petroleum Institute (API)
5.2.1.2. Premium
5.2.2. By Manufacturing Process
5.2.2.1. Seamless
5.2.2.2. Electric Resistance Welded
5.2.3. By Product
5.2.3.1. Well Casing
5.2.3.2. Production Tubing
5.2.3.3. Drill Pipe
5.2.4. By Application
5.2.4.1. Onshore
5.2.4.2. Offshore
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. North America Oil Country Tubular Goods Market Overview
6.1. North America Oil Country Tubular Goods Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.1.2. Consumption
6.1.2.1. By Volume (Kilotons)
6.2. North America Oil Country Tubular Goods Market Share & Forecast, 2016-2027
6.2.1. By Grade
6.2.1.1. American Petroleum Institute (API)
6.2.1.2. Premium
6.2.2. By Manufacturing Process
6.2.2.1. Seamless
6.2.2.2. Electric Resistance Welded
6.2.3. By Product
6.2.3.1. Well Casing
6.2.3.2. Production Tubing
6.2.3.3. Drill Pipe
6.2.4. By Application
6.2.4.1. Onshore
6.2.4.2. Offshore
6.2.5. By Country
6.2.5.1. US
6.2.5.2. Canada
6.2.5.3. Mexico
6.2.6. Price-Point Analysis
6.2.7. Manufacturer & Distributor List (Top 5)
6.2.8. Company Market Share (Top 3-5)
6.2.9. Economic Impact Study on North America Oil Country Tubular Goods Market
7. Europe Oil Country Tubular Goods Market Overview
7.1. Europe Oil Country Tubular Goods Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.1.2. Consumption
7.1.2.1. By Volume (Kilotons)
7.2. Europe Oil Country Tubular Goods Market Share & Forecast, 2016-2027
7.2.1. By Grade
7.2.1.1. American Petroleum Institute (API)
7.2.1.2. Premium
7.2.2. By Manufacturing Process
7.2.2.1. Seamless
7.2.2.2. Electric Resistance Welded
7.2.3. By Product
7.2.3.1. Well Casing
7.2.3.2. Production Tubing
7.2.3.3. Drill Pipe
7.2.4. By Application
7.2.4.1. Onshore
7.2.4.2. Offshore
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. UK
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Rest of Europe
7.2.6. Price-Point Analysis
7.2.7. Manufacturer & Distributor List (Top 5)
7.2.8. Company Market Share (Top 3-5)
7.2.9. Economic Impact Study on Europe Oil Country Tubular Goods Market
8. Asia Pacific Oil Country Tubular Goods Market Overview
8.1. Asia Pacific Oil Country Tubular Goods Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.1.2. Consumption
8.1.2.1. By Volume (Kilotons)
8.2. Asia Pacific Oil Country Tubular Goods Market Share & Forecast, 2016-2027
8.2.1. By Grade
8.2.1.1. American Petroleum Institute (API)
8.2.1.2. Premium
8.2.2. By Manufacturing Process
8.2.2.1. Seamless
8.2.2.2. Electric Resistance Welded
8.2.3. By Product
8.2.3.1. Well Casing
8.2.3.2. Production Tubing
8.2.3.3. Drill Pipe
8.2.4. By Application
8.2.4.1. Onshore
8.2.4.2. Offshore
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia Pacific
8.2.6. Price-Point Analysis
8.2.7. Manufacturer & Distributor List (Top 5)
8.2.8. Company Market Share (Top 3-5)
8.2.9. Economic Impact Study on Asia Pacific Oil Country Tubular Goods Market
9. South America Oil Country Tubular Goods Market Overview
9.1. South America Oil Country Tubular Goods Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.1.2. Consumption
9.1.2.1. By Volume (Kilotons)
9.2. South America Oil Country Tubular Goods Market Share & Forecast, 2016-2027
9.2.1. By Grade
9.2.1.1. American Petroleum Institute (API)
9.2.1.2. Premium
9.2.2. By Manufacturing Process
9.2.2.1. Seamless
9.2.2.2. Electric Resistance Welded
9.2.3. By Product
9.2.3.1. Well Casing
9.2.3.2. Production Tubing
9.2.3.3. Drill Pipe
9.2.4. By Application
9.2.4.1. Onshore
9.2.4.2. Offshore
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
9.2.6. Price-Point Analysis
9.2.7. Manufacturer & Distributor List (Top 5)
9.2.8. Company Market Share (Top 3-5)
9.2.9. Economic Impact Study on South America Oil Country Tubular Goods Market
10. Middle East & Africa Oil Country Tubular Goods Market Overview
10.1. Middle East & Africa Oil Country Tubular Goods Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.1.2. Consumption
10.1.2.1. By Volume (Kilotons)
10.2. Middle East & Africa Oil Country Tubular Goods Market Share & Forecast, 2016-2027
10.2.1. By Grade
10.2.1.1. American Petroleum Institute (API)
10.2.1.2. Premium
10.2.2. By Manufacturing Process
10.2.2.1. Seamless
10.2.2.2. Electric Resistance Welded
10.2.3. By Product
10.2.3.1. Well Casing
10.2.3.2. Production Tubing
10.2.3.3. Drill Pipe
10.2.4. By Application
10.2.4.1. Onshore
10.2.4.2. Offshore
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
10.2.6. Price-Point Analysis
10.2.7. Manufacturer & Distributor List (Top 5)
10.2.8. Company Market Share (Top 3-5)
10.2.9. Economic Impact Study on Middle East & Africa Oil Country Tubular Goods Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Tenaris S.A
11.7.2. Vallourec
11.7.3. TMK group
11.7.4. United States Steel Corporation
11.7.5. Nippon Steel & Sumitomo Metal Corporation
11.7.6. SPIE Oil & Gas Services
11.7.7. Hunting Energy Services
11.7.8. Kelly Pipe Co. LLC
11.7.9. Argus Machine Co. Ltd.
11.7.10. Benteler International AG
11.7.11. MRC Global Inc.
11.7.12. ACE O.C.T.G. Ltd
11.7.13. Centric Pipe, LLC
11.7.14. U. S. Steel Tubular Products
11.7.15. Sandvik AB
11.7.16. Energex Tube
11.7.17. Other Prominent Players

Report Title: Global Oil Country Tubular Goods Market by Grade (American Petroleum Institute (API), and Premium), by Manufacturing Process (Seamless, and Electric Resistance Welded), By Product (Well Casing, Production Tubing, and Drill Pipe), By Application (Onshore and Offshore), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2027


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