Oil Country Tabular Goods (OCTG) Market: to Witness Steady Expansion During 2025
OCTG is a set of equipment used in the drilling and extraction of on-shore and off-shore oil and gas. OCTG consists of drilling pipes, casing pipes, tubing pipes, and other line pipes used in the production and transportation of oil from wells to refineries. Casing pipes are placed at a wellhead to extract oil during the drilling process. Tubing pipes are inserted in the well after the completion of the drilling process and are used to transport oil and gas from wellbore to the surface. The diameter of a wellbore pipe decreases as it reaches the oil beds.
Oil Country Tubular Goods (OCTG) comprises of a wide range of steel tubular products that are used in Oil and Gas exploration and production and in particular drilling. They can be Seamless and Welded Pipes (Electric Resistance Welding (EWR) and come in various sizes and length. The process of manufacturing of seamless and welded pipes and tubes is different with the seamless pipes designed to bear much higher stress. OCTG generally includes three categories of products - drill pipe, casing, and tubing.
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The global Oil Country Tabular Goods (OCTG) market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Oil Country Tabular Goods (OCTG) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Oil Country Tabular Goods (OCTG) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
U. S. Steel Tubular Products
Nippon Steel & Sumitomo Metal Corp
Energex Tube (JMC)
Continental Alloys & Services
Segment by Regions
Segment by Type
API Standard OCTG
Non-API Standard OCTG
Segment by Application
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The oil country tubular goods (OCTG) sector involves companies whose work is to make steel products to be used while drilling oil and gas wells. These are hollow steel products of circular cross-section used in the oil and gas industry for exploration and production activities. OCTG includes generally three categories of products - drill pipe, casing, and tubing. OCTG products can be manufactured as seamless or welded tubes and pipes.