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Global OCTG (Oil Country Tubular Goods) Market: Insights & Forecast With Potential Impact Of COVID-19 (2020-2024)

Published on: Jun 2020 | From USD $1800 | Published By: KONCEPT ANALYTICS | Number Of Pages: 127

The global OCTG market is expected to record a value of US$22.52 billion in 2024, increasing at a CAGR of 5.40%, for the duration spanning 2020-2024. The factors such as growing oil demand, growth in hydraulic fracturing activities, rising energy consumption, escalating investment on offshore drilling activities, accelerating economic growth and technological innovations in the drilling techniques would drive the growth of the market. However, the market growth would be challenged by the rising brent oil prices and environmental issues. A few notable trends may include, rise in horizontal directional drilling for oil & gas excavation, increasing R&D spending in energy sector and growth in the footage of well drilled.

The global OCTG industry has been very lucrative over a past few years due to the consistent increase in the exploration and production activities of oil & gas. The market has been segmented into seamless and welded, on the basis of process. The seamless OCTG dominated the market due to their increased ability to withstand high pressure, high temperature, higher mechanical stress and corrosive atmosphere. However, welded OCTG have also shown steady growth in the global market due the cost-effective factor.

The fastest growing regional market was North America, due to the increased production of oil and gas. In addition, technological advancements in exploration activities have also led to the increased demand for high-end tubular & casting product in the region. However, the sudden outbreak of COVID-19 is expected to cause a severe disruption in the global economy, which would lead to the decline in the exploration and production of oil & gas and thereby would unfavourably affect the growth of the OCTG market in the initial stage of the forecasted period.

Scope of the report:

The report provides a comprehensive analysis of the global OCTG (oil country tubular goods) market.
The major regional markets (North America, Asia Pacific, Europe, Middle East & Africa and South America) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (United Sates Steel, National Oilwell Varco, Tenaris S.A., PAO TMK, Vallourec and MRC Global) are also presented in detail.

Key Target Audience:

OCTG manufacturers
Raw Material Suppliers
Potential Audience (Oil & gas Producing Companies)
Investment Banks
Government Bodies & Regulating Authorities

1. Market Overview

1.1 An Introduction
1.2 OCTG Product Types
1.3 OCTG Pipe Classification
1.4 OCTG Pipe Comparison
1.5 OCTG Manufacturing Process

2. Impact of COVID-19

2.1 Downfall in the Global Economy
2.2 Decline in the International Trade
2.3 Fall in the Rig Count
2.4 Regional Impact

3. Global OCTG Market

3.1 Global OCTG Market by Value
3.2 Global OCTG Market Forecast by Value
3.3 Global OCTG Market Value by Process
3.3.1 Global Seamless OCTG Market by Value
3.3.2 Global Seamless OCTG Market Forecast by Value
3.3.3 Global Welded OCTG Market by Value
3.3.4 Global Welded OCTG Market Forecast by Value
3.4 Global OCTG Market Value by Grade
3.4.1 Global Premium Grade OCTG Market by Value
3.4.2 Global Premium Grade OCTG Market Forecast by Value
3.4.3 Global API Grade OCTG Market by Value
3.4.4 Global API Grade OCTG Market Forecast by Value
3.5 Global OCTG Market Value by Products
3.5.1 Global Well Casting Market by Value
3.5.2 Global Well Casting Market Forecast by Value
3.5.3 Global Drill Pipe Market by Value
3.5.4 Global Drill Pipe Market Forecast by Value
3.5.5 Global Production Tubes Market by Value
3.5.6 Global Production Tubes Market Forecast by Value
3.6 Global OCTG Market Value by Regions
3.7 Global OCTG Demand Volume
3.8 Global OCTG Demand Volume Forecast
3.9 Global OCTG Demand Volume by Region
3.10 Global Seamless OCTG Production and Capacity Volume
3.11 Global Seamless OCTG Production and Capacity Volume Forecast

4. Regional OCTG Market

4.1 North America
4.1.1 North America Global OCTG Market by Value
4.1.2 North America OCTG Market Forecast by Value
4.1.3 The U.S. OCTG Demand Volume
4.1.4 The U.S. OCTG Demand Volume Forecast
4.1.5 The U.S. OCTG Demand Volume by Products
4.1.6 The U.S. Seamless & Welded OCTG Demand Volume
4.1.7 The U.S. Seamless & Welded OCTG Demand Volume Forecast
4.1.8 The U.S. OCTG Production Volume
4.1.9 The U.S. OCTG Production Volume Forecast
4.1.10 The U.S. OCTG Exports Volume
4.1.11 The U.S. OCTG Imports Volume
4.1.12 The U.S. OCTG Imports by Region
4.2 Asia Pacific
4.2.1 Asia Pacific OCTG Market by Value
4.2.2 Asia Pacific OCTG Market Forecast by Value
4.3 Europe
4.3.1 Europe OCTG Market by Value
4.3.2 Europe OCTG Market Forecast by Value
4.4 Middle East & Africa
4.4.1 Middle East & Africa OCTG Market by Value
4.4.2 Middle East & Africa OCTG Market Forecast by Value
4.5 South America
4.5.1 South America OCTG Market by Value
4.5.2 South America OCTG Market Forecast by Value

5. Market Dynamics

5.1 Growth Drivers
5.1.1 Growing Oil Demand
5.1.2 Growth in Hydraulic Fracturing Activities
5.1.3 Rising Energy Consumption
5.1.4 Escalating Investment in Offshore Drilling Activities
5.1.5 Accelerating Economic Growth
5.1.6 Technological Innovation in Drilling Techniques
5.2 Key Trends and Developments
5.2.1 Rise in Horizontal Directional Drilling for Oil & Gas Excavation
5.2.2 Increasing R&D Spending in Energy Sector
5.2.3 Growth in Footage of Wells Drilled
5.3 Challenges
5.3.1 Rising Brent Oil Prices
5.3.2 Environmental Issues

6. Competitive Landscape

6.1 Global OCTG Market
6.1.1 Key Players – Revenue Comparison
6.1.2 Key Players – Market Cap Comparison
6.1.3 Key Players – Premium OCTG Market Share Comparison
6.2 The U.S. OCTG Market
6.2.1 Key Players – Market Share Comparison
6.3 Russia OCTG Market
6.3.1 Key Players – Market Share Comparison

7. Company Profiles

7.1 United States Steel Corporation
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 National Oilwell Varco
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Tenaris S.A.
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 PAO Trubnaya Metallurgicheskaya Kompaniya
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Vallourec S.A.
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 MRC Global
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies

List of Figures

OCTG Product Types
Classifications of OCTG Pipe
OCTG Manufacturing Process
Global GDP Growth Rate (2010-2020)
Global Merchandise Trade Volume (2018-2021)
The U.S. Total Rig Count (2015-2021)
Global OCTG Market by Value (2015-2019)
Global OCTG Market Forecast by Value (2020-2024)
Global OCTG Market Value by Process (2019)
Global Seamless OCTG market by Value (2015-2019)
Global Seamless OCTG Market Forecast by Value (2020-2024)
Global Welded OCTG market by Value (2015-2019)
Global Welded OCTG Market Forecast by Value (2020-2024)
Global OCTG Market Value by Grade (2019)
Global Premium Grade OCTG market by Value (2015-2019)
Global Premium Grade OCTG Market Forecast by Value (2020-2024)
Global API OCTG market by Value (2015-2019)
Global API OCTG Market Forecast by Value (2020-2024)
Global OCTG Market Value by Products (2019)
Global Well Casting market by Value (2015-2019)
Global Well Casting Market Forecast by Value (2020-2024)
Global Drill Pipe market by Value (2015-2019)
Global Drill Pipe Market Forecast by Value (2020-2024)
Global Production Tubes market by Value (2015-2019)
Global Production Tubes Market Forecast by Value (2020-2024)
Global OCTG Market Value by Regions (2019)
Global OCTG Demand Volume (2015-2019)
Global OCTG Demand Volume Forecast (2020-2024)
Global OCTG Demand Volume by Region (2019)
Global Seamless OCTG Production and Capacity Volume (2015-2019)
Global Seamless OCTG Production and Capacity Volume Forecast (2020-2024)
North America OCTG Market by Value (2015-2019)
North America OCTG Market Forecast by Value (2020-2024)
The U.S. OCTG Demand Volume (2015-2019)
The U.S. OCTG Demand Volume Forecast (2020-2024)
The U.S. OCTG Demand Volume by Products (2019)
The U.S. Seamless & Welded OCTG Demand Volume (2015-2019)
The U.S. Seamless & Welded OCTG Demand Volume Forecast (2020-2024)
The U.S. OCTG Production Volume (2014-2018)
The U.S. OCTG Production Volume Forecast (2019-2023)
The U.S. OCTG Exports Volume (2014-2018)
The U.S. OCTG Imports Volume (2014-2018)
The U.S. OCTG Imports by Region (2019)
Asia Pacific OCTG Market by Value (2015-2019)
Asia Pacific OCTG Market Forecast by Value (2020-2024)
Europe OCTG Market by Value (2015-2019)
Europe OCTG Market Forecast by Value (2020-2024)
Middle East & Africa OCTG Market by Value (2015-2019)
Middle East & Africa OCTG Market Forecast by Value (2020-2024)
South America OCTG Market by Value (2015-2019)
South America OCTG Market Forecast by Value (2020-2024)
Global Oil Demand (2015-2019)
Global Hydraulic Fracturing Market (2015-2019)
Global Energy Consumption (1990-2040)
Global Offshore Drilling Market Value Forecast (2018-2022)
Global Gross Domestic Product (GDP) per Capita (2014-2018)
Global Horizontal Directional Drilling Services by End-Use (2019)
Global Corporate R&D Spending in Energy Sector (2015-2019)
The U.S. Annual Footage Drilled, by Type (2019-2024)
The U.S. Brent Oil Price (2015-2019)
Key Players – Premium OCTG Market Share Comparison (2019)
Key Players – US OCTG Market Share Comparison (2019)
Key Players – Russia OCTG Market Share Comparison (2019)
United States Steel Corporation Net Sales and Loss/Income (2015-2019)
United States Steel Corporation Net Sales by Segments (2019)
United States Steel Corporation Net Sales by Regions (2019)
National Oilwell Varco Revenue and Net Loss (2015-2019)
National Oilwell Varco Revenue by Segment (2019)
National Oilwell Varco Revenue by Regions (2019)
Tenaris Net Sales and Income (Loss) (2015-2019)
Tenaris Net Sales by Segments (2019)
Tenaris Net Sales by Regions (2019)
PAO TMK Revenue and Profit (Loss) (2015-2019)
PAO TMK Revenue by Regions (2019)
Vallourec Revenue and Net Loss (2015-2019)
Vallourec Revenue by Market (2019)
Vallourec Revenue by Regions (2019)
MRC Global Sales and Net Income (2015-2019)
MRC Global Sales by Sectors (2019)
MRC Global Sales by Regions (2019)

List of Tables

Key Players – Revenue Comparison (2019)
Key Players – Market Cap Comparison (2020)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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