Global OCTG Pipe Market Growth 2025-2031

Publication ID:

LPI02250773

Publication Date:

February 10, 2025

Pages:

111

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global OCTG Pipe market size is predicted to grow from US$ 15190 million in 2025 to US$ 18630 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.
OCTG is the abbreviation of oil country tubular goods, also known as oil well pipe in China. It refers to a kind of steel pipe specially used for oil and gas exploitation, most of which are seamless, but welded pipe also accounts for a considerable proportion. It can be divided into four categories: oil pipe, casing pipe, drill pipe and pipeline pipe.
According to the material and properties of the steel pipe, the oil well pipe is divided into different steel grades. Different steel grades represent different metal elements composition, process requirements and corresponding performance conditions. According to the chemical composition, tensile properties, yield strength and hardness requirements, oil well pipes are generally divided into four groups according to API classification method, with 11 steel grades and 19 specifications. According to the different yield strength and properties of products, there are low and medium grade steel and high grade oil well pipe.
In addition to API, there are some non API oil well pipes, which are mainly for steel grade. The appearance of non API grade steel is due to the situation of ultra deep well, high temperature and high temperature and different corrosion composition with the exploration and exploitation of oil and gas. The oil well pipe and steel pipe production enterprises must adjust the metal element composition in the pipe body or adopt different processing methods to treat the steel pipe, so as to meet the performance requirements of different environments.
In terms of product types, OCTG can be generally divided into Casing, Tubing and others. In 2019, the market share of OCTG(Tubing) is the largest, accounting for about 78%.
In terms of product application, OCTG can be mainly used on Onshore and Offshore, among which, in 2019, the application in the field of Onshore accounts for the largest proportion, about 67%.
The 鈥淥CTG Pipe Industry Forecast鈥� looks at past sales and reviews total world OCTG Pipe sales in 2024, providing a comprehensive analysis by region and market sector of projected OCTG Pipe sales for 2025 through 2031. With OCTG Pipe sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world OCTG Pipe industry.
This Insight Report provides a comprehensive analysis of the global OCTG Pipe landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on OCTG Pipe portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global OCTG Pipe market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for OCTG Pipe and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global OCTG Pipe.
This report presents a comprehensive overview, market shares, and growth opportunities of OCTG Pipe market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Surface Casing
Protection Casing
Production Casing
Segmentation by Application:
Offshore Oil
Onshore Oil
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Baowu Steel
JFT Steel
DP Jindal Group
Saigao Group
Shandong Puxiang Iron and Steel Group Co., Ltd.
Changbao
NAN Steel
US Steel Tubular Products
CangZhou HuaHao Steel Tube Co., Ltd
WLD Steel
Sanjack Petro
Boai Pipeline
Key Questions Addressed in this Report
What is the 10-year outlook for the global OCTG Pipe market?
What factors are driving OCTG Pipe market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do OCTG Pipe market opportunities vary by end market size?
How does OCTG Pipe break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global OCTG Pipe Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for OCTG Pipe by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for OCTG Pipe by Country/Region, 2020, 2024 & 2031
2.2 OCTG Pipe Segment by Type
2.2.1 Surface Casing
2.2.2 Protection Casing
2.2.3 Production Casing
2.3 OCTG Pipe Sales by Type
2.3.1 Global OCTG Pipe Sales Market Share by Type (2020-2025)
2.3.2 Global OCTG Pipe Revenue and Market Share by Type (2020-2025)
2.3.3 Global OCTG Pipe Sale Price by Type (2020-2025)
2.4 OCTG Pipe Segment by Application
2.4.1 Offshore Oil
2.4.2 Onshore Oil
2.5 OCTG Pipe Sales by Application
2.5.1 Global OCTG Pipe Sale Market Share by Application (2020-2025)
2.5.2 Global OCTG Pipe Revenue and Market Share by Application (2020-2025)
2.5.3 Global OCTG Pipe Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global OCTG Pipe Breakdown Data by Company
3.1.1 Global OCTG Pipe Annual Sales by Company (2020-2025)
3.1.2 Global OCTG Pipe Sales Market Share by Company (2020-2025)
3.2 Global OCTG Pipe Annual Revenue by Company (2020-2025)
3.2.1 Global OCTG Pipe Revenue by Company (2020-2025)
3.2.2 Global OCTG Pipe Revenue Market Share by Company (2020-2025)
3.3 Global OCTG Pipe Sale Price by Company
3.4 Key Manufacturers OCTG Pipe Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers OCTG Pipe Product Location Distribution
3.4.2 Players OCTG Pipe Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for OCTG Pipe by Geographic Region
4.1 World Historic OCTG Pipe Market Size by Geographic Region (2020-2025)
4.1.1 Global OCTG Pipe Annual Sales by Geographic Region (2020-2025)
4.1.2 Global OCTG Pipe Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic OCTG Pipe Market Size by Country/Region (2020-2025)
4.2.1 Global OCTG Pipe Annual Sales by Country/Region (2020-2025)
4.2.2 Global OCTG Pipe Annual Revenue by Country/Region (2020-2025)
4.3 Americas OCTG Pipe Sales Growth
4.4 APAC OCTG Pipe Sales Growth
4.5 Europe OCTG Pipe Sales Growth
4.6 Middle East & Africa OCTG Pipe Sales Growth
5 Americas
5.1 Americas OCTG Pipe Sales by Country
5.1.1 Americas OCTG Pipe Sales by Country (2020-2025)
5.1.2 Americas OCTG Pipe Revenue by Country (2020-2025)
5.2 Americas OCTG Pipe Sales by Type (2020-2025)
5.3 Americas OCTG Pipe Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC OCTG Pipe Sales by Region
6.1.1 APAC OCTG Pipe Sales by Region (2020-2025)
6.1.2 APAC OCTG Pipe Revenue by Region (2020-2025)
6.2 APAC OCTG Pipe Sales by Type (2020-2025)
6.3 APAC OCTG Pipe Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe OCTG Pipe by Country
7.1.1 Europe OCTG Pipe Sales by Country (2020-2025)
7.1.2 Europe OCTG Pipe Revenue by Country (2020-2025)
7.2 Europe OCTG Pipe Sales by Type (2020-2025)
7.3 Europe OCTG Pipe Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa OCTG Pipe by Country
8.1.1 Middle East & Africa OCTG Pipe Sales by Country (2020-2025)
8.1.2 Middle East & Africa OCTG Pipe Revenue by Country (2020-2025)
8.2 Middle East & Africa OCTG Pipe Sales by Type (2020-2025)
8.3 Middle East & Africa OCTG Pipe Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of OCTG Pipe
10.3 Manufacturing Process Analysis of OCTG Pipe
10.4 Industry Chain Structure of OCTG Pipe
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 OCTG Pipe Distributors
11.3 OCTG Pipe Customer
12 World Forecast Review for OCTG Pipe by Geographic Region
12.1 Global OCTG Pipe Market Size Forecast by Region
12.1.1 Global OCTG Pipe Forecast by Region (2026-2031)
12.1.2 Global OCTG Pipe Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global OCTG Pipe Forecast by Type (2026-2031)
12.7 Global OCTG Pipe Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Baowu Steel
13.1.1 Baowu Steel Company Information
13.1.2 Baowu Steel OCTG Pipe Product Portfolios and Specifications
13.1.3 Baowu Steel OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Baowu Steel Main Business Overview
13.1.5 Baowu Steel Latest Developments
13.2 JFT Steel
13.2.1 JFT Steel Company Information
13.2.2 JFT Steel OCTG Pipe Product Portfolios and Specifications
13.2.3 JFT Steel OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 JFT Steel Main Business Overview
13.2.5 JFT Steel Latest Developments
13.3 DP Jindal Group
13.3.1 DP Jindal Group Company Information
13.3.2 DP Jindal Group OCTG Pipe Product Portfolios and Specifications
13.3.3 DP Jindal Group OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 DP Jindal Group Main Business Overview
13.3.5 DP Jindal Group Latest Developments
13.4 Saigao Group
13.4.1 Saigao Group Company Information
13.4.2 Saigao Group OCTG Pipe Product Portfolios and Specifications
13.4.3 Saigao Group OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Saigao Group Main Business Overview
13.4.5 Saigao Group Latest Developments
13.5 Shandong Puxiang Iron and Steel Group Co., Ltd.
13.5.1 Shandong Puxiang Iron and Steel Group Co., Ltd. Company Information
13.5.2 Shandong Puxiang Iron and Steel Group Co., Ltd. OCTG Pipe Product Portfolios and Specifications
13.5.3 Shandong Puxiang Iron and Steel Group Co., Ltd. OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Shandong Puxiang Iron and Steel Group Co., Ltd. Main Business Overview
13.5.5 Shandong Puxiang Iron and Steel Group Co., Ltd. Latest Developments
13.6 Changbao
13.6.1 Changbao Company Information
13.6.2 Changbao OCTG Pipe Product Portfolios and Specifications
13.6.3 Changbao OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Changbao Main Business Overview
13.6.5 Changbao Latest Developments
13.7 NAN Steel
13.7.1 NAN Steel Company Information
13.7.2 NAN Steel OCTG Pipe Product Portfolios and Specifications
13.7.3 NAN Steel OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 NAN Steel Main Business Overview
13.7.5 NAN Steel Latest Developments
13.8 US Steel Tubular Products
13.8.1 US Steel Tubular Products Company Information
13.8.2 US Steel Tubular Products OCTG Pipe Product Portfolios and Specifications
13.8.3 US Steel Tubular Products OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 US Steel Tubular Products Main Business Overview
13.8.5 US Steel Tubular Products Latest Developments
13.9 CangZhou HuaHao Steel Tube Co., Ltd
13.9.1 CangZhou HuaHao Steel Tube Co., Ltd Company Information
13.9.2 CangZhou HuaHao Steel Tube Co., Ltd OCTG Pipe Product Portfolios and Specifications
13.9.3 CangZhou HuaHao Steel Tube Co., Ltd OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 CangZhou HuaHao Steel Tube Co., Ltd Main Business Overview
13.9.5 CangZhou HuaHao Steel Tube Co., Ltd Latest Developments
13.10 WLD Steel
13.10.1 WLD Steel Company Information
13.10.2 WLD Steel OCTG Pipe Product Portfolios and Specifications
13.10.3 WLD Steel OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 WLD Steel Main Business Overview
13.10.5 WLD Steel Latest Developments
13.11 Sanjack Petro
13.11.1 Sanjack Petro Company Information
13.11.2 Sanjack Petro OCTG Pipe Product Portfolios and Specifications
13.11.3 Sanjack Petro OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Sanjack Petro Main Business Overview
13.11.5 Sanjack Petro Latest Developments
13.12 Boai Pipeline
13.12.1 Boai Pipeline Company Information
13.12.2 Boai Pipeline OCTG Pipe Product Portfolios and Specifications
13.12.3 Boai Pipeline OCTG Pipe Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Boai Pipeline Main Business Overview
13.12.5 Boai Pipeline Latest Developments
14 Research Findings and Conclusion

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