Press release
Technological Advancements and Energy Demand Drive OCTG Market Forward
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฅ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐ฎ๐๐ฎ๐ฅ๐๐ซ ๐๐จ๐จ๐๐ฌ (๐๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ข๐ฌ๐๐ ๐๐จ๐ซ ๐๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐กThe global Oil Country Tubular Goods (OCTG) market, encompassing essential components such as casing, drill pipes, and tubing used in oil and gas exploration and production, is on a trajectory of substantial expansion. Valued at approximately USD 59.98 billion in 2023, the market is projected to reach USD 96.95 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The primary drivers of this growth include the rising global demand for energy, advancements in drilling technologies, and increased exploration activities, particularly in unconventional and offshore reserves. The adoption of horizontal drilling and hydraulic fracturing has notably boosted the demand for OCTG products, enabling access to previously untapped resources.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ:https://www.maximizemarketresearch.com/request-sample/54208/
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐๐๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's oil and gas sector is experiencing a surge in mergers and acquisitions (M&A), attracting significant foreign investment. Notably, in February 2024, Siam Commercial Bank PCL from Thailand acquired Home Credit Vietnam, a leading consumer finance provider, for approximately USD 851.7 million. This influx of capital is expected to bolster the OCTG market, supporting the nation's expanding exploration and production activities.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's strategic investments in neighboring countries' energy sectors reflect its commitment to enhancing regional energy security. The acquisition of renewable energy assets in Vietnam underscores Thailand's proactive approach to securing energy resources, which may lead to increased demand for OCTG products to support these initiatives.
๐๐๐ฉ๐๐ง: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japanese corporations are actively participating in Vietnam's M&A landscape, with significant investments such as Sumitomo Mitsui's USD 1.3 billion infusion into FE Credit. These strategic moves not only strengthen Japan's presence in Southeast Asia but also indicate a broader trend of securing energy assets, potentially increasing the demand for OCTG products to support these ventures.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korean firms are expanding their footprint in Vietnam's energy sector, exemplified by SK Group Corp's acquisition of Iscvina Manufacturing, a semiconductor producer, for VND 7,450 billion (USD 300 million). This strategic move aligns with South Korea's broader objectives of securing energy resources and technological assets, potentially driving the demand for OCTG products to support these endeavors.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singaporean investors are actively engaging in Vietnam's M&A market, with notable investments such as SK South East Asia Investment's USD 410 million stake in Vincommerce. These strategic investments reflect Singapore's commitment to expanding its influence in the regional energy sector, potentially leading to increased demand for OCTG products to support these initiatives.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States continues to lead in oil and gas exploration, with a significant increase in active well service rig counts. In 2021, the deployment of active well service rigs in the U.S. increased by 22.23%, rising from 738 in 2020 to nearly 949 in 2021. This surge in drilling activities underscores the robust demand for OCTG products to support the nation's expanding energy production.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
European countries are intensifying their oil and gas exploration and production operations, driving the demand for OCTG products. The region's focus on energy security and diversification of energy sources is expected to bolster the OCTG market, supporting the continent's strategic energy initiatives.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/54208/
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Casing
Drill Pipe
Tubing
Others
๐๐ฒ ๐๐ซ๐จ๐๐๐ฌ๐ฌ
Seamless
Electric resistance welding
๐๐ฒ ๐๐ซ๐๐๐
Premium grade
API grade
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Onshore
Offshore
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Tata Steel
ACE OCTG
JFE Steel
ISMT
Vallourec SA
Continental Alloys
Tenaris SA
MRC Global
ILJIN Steel America
Nippon Steel
TPCO Enterprise, Inc.
Steel Tubular Products Inc.
Jindal Steel & Power
TMK Ipsco Enterprises Inc.
National - Oilwell Varco, Inc.
Benteler International
Sumitomo Metal Corporation
๐๐ข๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ญ๐! ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ญ๐ฎ๐๐ฒ ๐จ๐ง ๐๐ฎ๐ซ ๐๐๐๐ฉ๐๐ ๐ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/market-report/global-octg-market/54208/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Global OCTG ?
What is the growth rate of the Global OCTG Market?
Who are the key players in the Global OCTG market?
Who are the leading companies and what are their portfolios in Global OCTG Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Global OCTG Market?
Which are the factors expected to drive the Global OCTG market growth?
What are the different segments of the Global OCTG Market?
What growth strategies are the players considering to increase their presence in Global OCTG ?
What are the upcoming industry applications and trends for the Global OCTG Market?
What segments are covered in the Global OCTG Market?
What segments are covered in the Global OCTG Market?
What are the key opportunities in the market?
What factors restrain the market growth?
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/54208/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
Global Pearlescent Pigment Market https://www.maximizemarketresearch.com/market-report/global-pearlescent-pigment-market/80641/
Global Calcium Formate Market https://www.maximizemarketresearch.com/market-report/global-calcium-formate-market/62169/
Global PoE Injectors Market https://www.maximizemarketresearch.com/market-report/global-poe-injectors-market/39273/
Home Fitness equipment Market https://www.maximizemarketresearch.com/market-report/global-home-fitness-equipment-market/103369/
Global Transdermal Skin Patches Market https://www.maximizemarketresearch.com/market-report/global-transdermal-skin-patches-market/36276/
Global Nanofibers Market https://www.maximizemarketresearch.com/market-report/global-nanofibers-market/30446/
Wireless EV Charging Market https://www.maximizemarketresearch.com/market-report/wireless-ev-charging-market/3025/
Global Clinical Oncology Next-Generation Sequencing Market https://www.maximizemarketresearch.com/market-report/global-clinical-oncology-next-generation-sequencing-market/100383/
Carpets and Rugs Market https://www.maximizemarketresearch.com/market-report/carpets-and-rugs-market/187345/
Flavor Enhancer Market https://www.maximizemarketresearch.com/market-report/global-flavor-enhancer-market/32455/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Technological Advancements and Energy Demand Drive OCTG Market Forward here
News-ID: 3823169 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD

GPS Tracking Device Market Surge Ahead at a CAGR of 13.1% from 2025 to 2032: Sma โฆ
GPS Tracking Device Market size was valued at USD 3.50 Billion in 2024 and the total GPS Tracking Device revenue is expected to grow at a CAGR of 13.1% from 2025 to 2032, reaching nearly USD 9.38 Billion.
GPS Tracking Device Market Overview:
The GPS tracking device market is entering a dynamic growth phase, propelled by mounting demand in logistics, automotive, personal safety, and healthcare industries. Innovations such as IoT integration, telematics,โฆ

Iron and Steel Slag Market to Grow at a CAGR of 1.5% in the Forecast Period of 2 โฆ
The Iron and Steel Slag Market size was valued at USD 25.81 Billion in 2024 and the total Iron and Steel Slag revenue is expected to grow at a CAGR of 1.5% from 2025 to 2032, reaching nearly USD 29.08 Billion.
Iron and Steel Slag Market Overview:
Iron and steel slag, a byproduct of metal smelting, is emerging as a linchpin in modern industrial ecosystems. Far from being waste, this versatile materialโฆ

Shooting Ranges Market Expected To Hit USD 2.57 Bn by 2032, with a CAGR of 7.85% โฆ
The Shooting Ranges Market size was valued at USD 1.40 Billion in 2024 and the total Shooting Ranges revenue is expected to grow at a CAGR of 7.85% from 2025 to 2032, reaching nearly USD 2.57 Billion.
Shooting Ranges Market Overview:
Shooting ranges serve as specialized facilities-both indoor and outdoor-where firearms and archery training, recreational shooting, and competitive events take place in controlled, safe environments. These venues support a wide spectrum ofโฆ

Fuel Cell UAV Market Taking Flight at Robust Growth Pace: A Clean-Energy Drone R โฆ
The Fuel Cell UAV Market size was valued at USD 1661.38 Million in 2024 and the total Fuel Cell UAV revenue is expected to grow at a CAGR of 13.95% from 2025 to 2032, reaching nearly USD 4722.62 Million.
Fuel Cell UAV Market Overview:
Fuel-cell-powered unmanned aerial vehicles (UAVs) are swiftly redefining the drone landscape with their promise of prolonged flight times and greener operations. Leading aerospace innovators and emerging startups alikeโฆ
More Releases for OCTG
Oil Country Tubular Goods (OCTG) Market Analysis: Size, 2033
The new report published by The Business Research Company, titled ""Oil Country Tubular Goods (OCTG) Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the oil country tubular goods (octg) market size has grown strongly in recent years. It willโฆ
Types of OCTG casing
Types of OCTG casing
OCTG casing is a steel pipe used to support the wall of oil and gas wells to ensure the normal operation of the entire oil well after the drilling process and completion. Each well uses several layers of casing according to different drilling depths and geological conditions. Cement is used to cement the well after the casing is run down. It is different from tubing and drillโฆ
Global Production Tubing (OCTG) Market Size, Trends, and Forecast 2019
The report represents the statistical data in the form of tables, charts, and info-graphics to assess the market, its growth and development, and market trends of the global Production Tubing (OCTG) market during the projected period. ย QY Research has used a framework of primary and secondary research to make this report a full-proof one.
Request Sample Report and Full Report TOC: : ย
https://www.qyresearch.com/sample-form/form/973052/global-production-tubing-octg-market
The following manufacturers are covered:
ย ย ย ย Sandvik (Kanthal)
ย ย ย ย Tejas Tubular
ย ย ย ย Tenaris
ย ย ย ย Jindal Pipes
ย ย ย ย U. S.โฆ
Global Oil Country Tubular Goods(OCTG) Market Research Report 2017
This report studies Oil Country Tubular Goods(OCTG) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Vallourec
Tenaris
TMK
USS
NSSMC
JFE
TPCO
Arcelor Mittal
Chelyabinsk Pipe
Evraz
HUSTEEL
SANDVIK
Energex Tube
Northwest Pipe
SB international
Continental Alloys&Services
Jiangsu Yulong Steel Pipe
Jiuli
KINGLAND PIPELINE
Anhui Tianda Oil Pipe Company
BOHAI STEEL GROUP
CNPC BAOJI PETROLEUM STEEL PIPE
Get sample report @ http://www.qyresearchreports.com/sample/sample.php?rep_id=929371&type=E
Market Segment by Regions, this report splitsโฆ
Global OCTG Market: Economic Growth of Developing Countries Stimulating Demand
A new report on the global OCTG market has been recently added to the repository of QYResearchReports.com. The research study, titled โGlobal OCTG (Oil Country Tubular Goods) Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,โ presents an unbiased analysis of this market in view of its historical and current scenario. Key trends and growth prospects in the global market for OCTG have been carefully observedโฆ
Global Oil Country Tubular Goods(OCTG) Market Research Report 2021
Summary
This report studies Oil Country Tubular Goods(OCTG) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering
Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=630818&ptitle=Global+Oil+Country+Tubular+Goods%28OCTG%29+Market+Research+Report+2021&req=Sample
Vallourec
Tenaris
TMK
USS
NSSMC
JFE
TPCO
Arcelor Mittal
Chelyabinsk Pipe
Evraz
HUSTEEL
SANDVIK
Energex Tube (JMC)
Northwest Pipe
SB international
Continental Alloys & Services
Jiangsu Yulong Steel Pipe
Jiuli
KINGLAND PIPELINE
Anhui Tianda Oil Pipe Company
BOHAI STEEL GROUP
CNPC BAOJI PETROLEUM STEEL PIPE
Market Segment by Regions, thisโฆ