Global Oil Country Tubular Goods (OCTG) Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2026 – [2023 UPDATE Available – Forecast 2023-2030*] (By Grade Coverage, Type Coverage, Application Coverage, By Geography, Leading Companies)
Published Date: Apr 2022 |
Format:
| No. of Pages: 158
Industry: Energy & Natural Resources | Author Name: Harshad
Global oil country tubular goods (OCTG) market is anticipated to reach US$ 65.9 billion by 2026.
Global top 5 players in oil country tubular goods (OCTG) market includes: United States Steel, ArcelorMittal, Tenaris S.A, TMK Group, and Iljin Steel Co., Ltd.
In 2020, North America constituted 41.9% of the global oil country tubular goods (OCTG) market by value. In terms of volume, Asia Pacific is expected to register a CAGR of 9.1% from 2021-2026.
In terms of grade, API segment dominated and constituted 69.9% share of the global oil country tubular goods (OCTG) market in 2020.
In terms of type, seamless segment dominated and constituted 60.9% share of the global oil country tubular goods (OCTG) market in 2020.
In terms of application, onshore segment dominated and constituted 74.5% share of the global oil country tubular goods (OCTG) market in 2020.
The on-going war between Russia and Ukraine has resulted in $130 crude oil price per barrel and is expected to remain volatile throughout 2022. This is likely to benefit the demand for OCTG products.