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The Oil Country Tubular Goods Market size was valued at USD 42.66 Billion in 2023. It is expected to grow to USD 79.21 Billion by 2032 and grow at a CAGR of 7.12% over the forecast period of 2024-2032.
The Oil Country Tubular Goods (OCTG) market is primarily driven by the growing demand for oil and gas exploration and production activities, especially in offshore and unconventional reserves. These products, which include drill pipes, casing, tubing, and other steel pipes, are essential for the drilling and extraction of petroleum and natural gas. The increasing energy demand, combined with technological advancements in drilling methods like hydraulic fracturing and horizontal drilling, has significantly boosted the demand for OCTG products.
One of the key growth drivers for the OCTG market is the resurgence of global oil prices, which has incentivized oil and gas companies to increase production activities. This has led to higher investment in exploration and production (E&P), further stimulating the need for durable and high-performance OCTG products that can withstand extreme pressure and harsh environments. The market is also benefiting from innovations in material science, with the development of more corrosion-resistant, high-strength steel grades that enhance the performance of OCTG products in challenging drilling conditions.
The market is experiencing significant trends such as a shift towards the adoption of advanced manufacturing technologies, including automation and 3D printing, to improve the precision and cost-efficiency of OCTG products. Another trend is the increasing demand for OCTG products that support environmentally sustainable and energy-efficient drilling practices. This includes products designed for deep-water drilling and unconventional oil reserves, which require more sophisticated and robust OCTG materials. Moreover, the growing focus on renewable energy sources is also influencing the OCTG market, as companies look for hybrid solutions to balance oil and gas operations with sustainable practices. Despite the challenges posed by the fluctuating price of crude oil, the global shift towards energy security continues to underpin the demand for reliable and efficient OCTG solutions. The overall outlook for the market remains positive, driven by the evolving energy landscape and technological advancements.
DRIVERS
The growing global demand for oil and natural gas is a key factor driving the Oil Country Tubular Goods (OCTG) market. As countries and companies continue to expand exploration and production activities to meet energy needs, the demand for OCTG products, which are crucial for drilling and extraction processes, has significantly increased. Exploration activities, particularly in offshore and deep-water fields, require specialized OCTG products that can withstand extreme conditions such as high pressure and corrosive environments. This trend is further amplified by the rise in unconventional oil and gas extraction techniques like hydraulic fracturing and horizontal drilling, which demand high-performance OCTG materials.
In addition to the ongoing exploration, technological advancements in drilling and extraction techniques have made it more feasible to tap into previously inaccessible reserves, thereby fueling the growth of the OCTG market. The expansion of the oil and gas sector, especially in emerging economies, is also contributing to market growth. As energy demand rises globally, the oil and gas industry's efforts to increase production capacity and optimize extraction processes drive continued demand for OCTG products, making them an essential part of the industry's infrastructure. This dynamic is expected to further accelerate the growth of the OCTG market in the coming years.
RESTRAIN
Volatility in oil prices significantly impacts the Oil Country Tubular Goods (OCTG) market, as fluctuations in prices can influence the overall profitability of oil and gas companies. When oil prices are high, companies have higher margins, allowing them to invest more in exploration, drilling, and production activities. This increased spending on exploration, particularly in unconventional and offshore reserves, drives demand for OCTG products, which are critical for drilling and completing wells. However, during periods of low oil prices, profitability drops, leading to tighter budgets for exploration and production. As a result, oil companies often scale back on drilling projects, delay new investments, and focus on more cost-efficient operations. This cautious approach reduces the demand for OCTG, directly impacting manufacturers of these goods. Despite these challenges, the market is expected to grow as the global energy demand rises and new drilling technologies continue to emerge. Companies are also adapting by developing more cost-effective and durable OCTG products suited for low-price environments. Additionally, the oil and gas industry is showing signs of recovery in certain regions, suggesting that the OCTG market will see gradual growth in the coming years, especially with a focus on high-performance and specialized products.
By Product
Well casing segment dominated with the market share over 48% in 2023, primarily due to its critical role in maintaining the structural integrity of oil and gas wells. It prevents wellbore collapse, ensures the safe extraction of hydrocarbons, and protects surrounding environments from contamination. As exploration and production activities increase, particularly in complex and deeper reservoirs, the demand for well casing remains strong. The growth of unconventional oil and gas resources, including shale oil and gas, further fuels the need for robust and durable well-casing solutions. Additionally, well casing plays a crucial role in isolating different layers within a well, ensuring the efficiency and safety of the drilling and production process. Given its importance in the well construction process, well casing continues to drive growth and is expected to maintain its dominant position in the OCTG market, especially in the face of increasing global oil and gas production activities.
North America region dominated with a market share of over 36% in 2023, primarily due to its substantial oil and gas production, particularly from shale reserves. The United States has experienced a significant increase in drilling activities, driven by the development of unconventional resources like shale oil and gas. This surge in exploration and production directly fuels the demand for OCTG products, such as well casing, drill pipes, and production tubing, which are essential for drilling and maintaining well integrity. North America's strong oil and gas industry, combined with advancements in drilling technologies, ensures a continuous need for OCTG products. The region's dominance is also supported by large-scale investments in infrastructure and exploration projects, alongside the increasing focus on energy independence.
The Asia-Pacific region is the fastest-growing in the Oil Country Tubular Goods (OCTG) market, driven by the increasing energy demand in countries like China, India, and Indonesia. As these nations experience rapid industrialization and urbanization, the need for oil and gas to support their growing economies is escalating. This has spurred more exploration and production activities, particularly in offshore oil and gas fields. The expansion of deepwater and subsea oil reserves in the region has significantly contributed to the demand for OCTG products, such as well casing, drill pipes, and production tubing. Furthermore, governments and energy companies in Asia-Pacific are investing heavily in advanced drilling technologies and infrastructure to meet energy needs, further boosting the market.
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ArcelorMittal SA (OCTG pipes, Seamless pipes, Steel tubes)
Evraz North America plc (Seamless tubes, OCTG pipes)
Iljin Steel Corporation (Seamless pipes, OCTG products)
JFE Steel Corporation (Seamless pipes, OCTG, High-strength steel pipes)
NOV Inc. (Seamless steel tubes, OCTG accessories, Casing and tubing)
Oil Country Tubular Limited (OCTG, Tubular products, Drill pipes)
Sumitomo Corporation (OCTG products, Steel pipes)
Tenaris (Seamless pipes, OCTG products, Tubing and casing)
TMK Inc. (Seamless pipes, OCTG, Steel products)
U.S. Steel Corporation (OCTG pipes, Steel tubes)
ArcelorMittal Tubular Products (Seamless and welded pipes, OCTG, Tubing)
Valourec (OCTG pipes, Tubular products, Steel tubes)
Vallourec Star (Seamless pipes, OCTG solutions, Steel pipes)
Wheatland Tube (Welded steel pipes, OCTG products)
Baosteel Group (Seamless steel pipes, OCTG, Tubing)
Hyundai Steel Company (Seamless steel pipes, OCTG products)
TMK IPSCO (Seamless pipes, OCTG products, Line pipes)
Pioneer Pipe (OCTG, Steel pipes, Drill pipes)
Maverick Tube Corporation (OCTG, Drill pipes, Tubing)
Masteel (OCTG pipes, Tubular goods, Seamless steel pipes)
Tenaris
Vallourec
Nippon Steel & Sumitomo Metal Corporation
JFE Steel Corporation
United States Steel Corporation (U.S. Steel)
TMK Group
ArcelorMittal
China National Petroleum Corporation (CNPC)
Sumitomo Corporation
Nucor Corporation
In November 2023: Nippon Steel Corporation received EcoLeaf Environmental Product Declarations for three types of high-alloy OCTG and line pipe products, based on the Japan EPD Program managed by the Sustainable Management Promotion Organization (SuMPO). These are the first EPDs for stainless steel products produced in Japan.
In September 2024: Vallourec, a global leader in premium seamless tubular solutions, announced the signing of a major contract with Petrobras, a key player in the global energy sector, following a competitive bidding process. The contract includes the supply of premium Oil Country Tubular Goods (OCTG) and accessories for the advanced Sepia 2 and Atapu 2 projects. In addition, Vallourec will offer a full range of supporting services, including Tubular Management Services, VAM Field Service, and the complete suite of its digital solutions.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 42.66 Billion |
| Market Size by 2032 | USD 79.21 Billion |
| CAGR | CAGR of 17.12% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Process (Seamless, Welded) • By Product (Well Casing, Production Tubing, Drill Pipe, Others) • By Application (Onshore, Offshore) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ArcelorMittal SA, Evraz North America plc, Iljin Steel Corporation, JFE Steel Corporation, NOV Inc., Oil Country Tubular Limited, Sumitomo Corporation, Tenaris, TMK Inc., U.S. Steel Corporation, ArcelorMittal Tubular Products, Valourec, Vallourec Star, Wheatland Tube, Baosteel Group, Hyundai Steel Company, TMK IPSCO, Pioneer Pipe, Maverick Tube Corporation, Masteel. |
| Key Drivers | •The growth in global oil and gas exploration activities, driven by rising demand for energy, is fueling the OCTG market as these products are crucial for drilling and extraction processes. |
| RESTRAINTS | • Volatility in oil prices can lead to reduced demand for OCTG products during low-price periods, though the market is expected to grow as global energy demand increases and new drilling technologies emerge. |
Ans: The Oil Country Tubular Goods Market is expected to grow at a CAGR of 7.12% during 2024-2032.
Ans: The Oil Country Tubular Goods Market is expected to Reach USD 79.21 Billion by 2032.
Ans: The growth in global oil and gas exploration activities, driven by rising demand for energy, is fueling the OCTG market as these products are crucial for drilling and extraction processes.
Ans: The “Well casing” segment dominated the Oil Country Tubular Goods Market.
Ans: North America dominated the Oil Country Tubular Goods Market in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics
4.1 Market Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Manufacturing Output, by Region, (2020-2023)
5.2 Utilization Rates, by Region, (2020-2023)
5.3 Maintenance and Downtime Metrix
5.4 Technological Adoption Rates, by Region
5.5 Export/Import Data, by Region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Oil Country Tubular Goods Market Segmentation, By Process
7.1 Chapter Overview
7.2 Seamless
7.1 Seamless Market Trends Analysis (2020-2032)
7.2 Seamless Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Welded
7.3.1 Welded Market Trends Analysis (2020-2032)
7.3.2 Welded Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Oil Country Tubular Goods Market Segmentation, By Product
8.1 Chapter Overview
8.2 Well Casing
8.2.1 Well Casing Market Trends Analysis (2020-2032)
8.2.2 Well Casing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Production Tubing
8.3.1 Production Tubing Market Trends Analysis (2020-2032)
8.3.2 Production Tubing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Drill Pipe
8.4.1 Drill Pipe Market Trends Analysis (2020-2032)
8.4.2 Drill Pipe Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Estimates and Forecasts to 2032 (USD Billion)
9. Oil Country Tubular Goods Market Segmentation, By Application
9.1 Chapter Overview
9.2 Onshore
9.2.1 Onshore Market Trends Analysis (2020-2032)
9.2.2 Onshore Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Offshore
9.3.1 Offshore Market Trends Analysis (2020-2032)
9.3.2 Offshore Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.2.4 North America Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.5 North America Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.2.6.2 USA Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.6.3 USA Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.2.7.2 Canada Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.7.3 Canada Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.2.8.2 Mexico Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.8.3 Mexico Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.6.2 Poland Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.6.3 Poland Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.7.2 Romania Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.7.3 Romania Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.4 Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.5 Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.6.2 Germany Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.6.3 Germany Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.7.2 France Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.7.3 France Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.8.2 UK Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.8.3 UK Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.9.2 Italy Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.9.3 Italy Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.10.2 Spain Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.10.3 Spain Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.13.2 Austria Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.13.3 Austria Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.6.2 China Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.6.3 China Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.7.2 India Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.7.3 India Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.8.2 Japan Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.8.3 Japan Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.9.2 South Korea Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.9.3 South Korea Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.10.2 Vietnam Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.10.3 Vietnam Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.11.2 Singapore Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.11.3 Singapore Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.12.2 Australia Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.12.3 Australia Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.4 Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.5 Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.6.2 UAE Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.6.3 UAE Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.2.4 Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.5 Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Oil Country Tubular Goods Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.6.4 Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.5 Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.6.6.2 Brazil Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.6.3 Brazil Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.6.7.2 Argentina Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.7.3 Argentina Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.6.8.2 Colombia Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.8.3 Colombia Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Process (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Oil Country Tubular Goods Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 ArcelorMittal SA
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Evraz North America plc
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Iljin steel corporation
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Jfe steel corporation Nov inc.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Oil country tubular limited
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Sumitomo corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Tenaris
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Tmk inc.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 U.s. steel corporation.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 SB International, Inc
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segmentation
By Process
Seamless
Welded
By Product
Well Casing
Production Tubing
Drill Pipe
Others
By Application
Onshore
Offshore
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Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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