Global Oil Country Tubular Goods (OCTG) Market (Value ... · Country Analysis o USA o Canada o...

(c) AZOTH Analytics October 2019

Global Oil Country Tubular Goods (OCTG) Market

(Value, Volume): World Market Review By Pipe Type,

Manufacturing Process, Grade, Application - By Region, By

Country (2019 Edition): Opportunities and Forecast (2014-2024)

❖ Analysis By Volume (Million Tonnes), By Value (USD Million)

• By Pipe Type: Drill Pipe, Casing Pipe, Tubing Pipe.

• By Manufacturing Process: Seamless, Welded.

• By Grade: Premium, API (American Petroleum Institute).

• By Application: Onshore, Offshore.

• By Region: Americas, Europe, Asia Pacific, Middle East & Africa

• By Country: United States, Canada, Brazil, Russia, Norway,

China, India, Saudi Arabia, Kuwait, UAE.

(c) AZOTH Analytics 2Historical Period

2014 - 2018Forecast Period

2019 - 2024

Oil C

ountr

y T

ubula

r G

oods M

ark

et

By Type

Casing Pipe

Tubing Pipe

Drill Pipe

By Manufacturing Process

Seamless

Welded

By Grade

API

Premium

By Application

Onshore

Offshore

Regional Analysiso Americaso Europeo APACo MEA

Country Analysis

o USAo Canadao Brazilo Russiao Norwayo Chinao Indiao UAEo Kuwaito Saudi Arabia

Global Market

2014 – 2024Base Year: 2018

Scope: Global Oil Country Tubular Goods Market – Analysis By Type, Manufacturing Process, Grade, Manufacturing Process,

Analysis By Volume (Thousand Tonnes)

Analysis By Value (USD Million)

(c) AZOTH Analytics

Scope of the Report – Global Oil Country Tubular Goods Market

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Glo

bal

Market (By Value & Volume)

✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Type, By Value,By Volume

Drill Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Casing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Tubing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Manufacturing

Process,By Value, By

Volume

Seamless ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Welded ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Grade, By Value, By Volume

API ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Premium ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Application, By Value, By

Volume

Onshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Offshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Historical Forecast

3

(c) AZOTH Analytics


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Regio

n(A

meri

cas,

Euro

pe,

Asia

Pacific

, M

EA)


✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


Drill Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Casing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Tubing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Manufacturing


Volume

Seamless ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Welded ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


API ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Premium ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


Volume

Onshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Offshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Historical Forecast

4

(c) AZOTH Analytics


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Countr

y


✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


Drill Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Casing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Tubing Pipe ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

By Manufacturing


Volume

Seamless ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Welded ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


API ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Premium ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓


Volume

Onshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Offshore ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

Country Analysis United States, Canada, Brazil, Russia, Norway, China, India, Saudi Arabia, UAE, Kuwait.

Company AnalysisVallourec, Tenaris, TMK, U.S. Steel Corporation(USS), Nippon Steel Corporation, JFE Holdings Inc., Sandvik,ArcelorMittal, ChelPipe Group, EVRAZ

Historical Forecast

5

(c) AZOTH Analytics

Table of Content

S.No Particulars Page No.

1. Research Methodology 54

2. Executive Summary 56

3. Strategic Recommendation 57

3.1 Pursuing strategic investment opportunities and alliances 58

3.2 Winning in attractive markets through a Customer-focused business model. 59

4. Global Oil & Gas Industry Outlook 60

5. Oil Country Tubular Goods Product Outlook 67

6. Global Oil Country Tubular Goods : Market Dynamics 78

6.1 Global Oil Country Tubular Goods Market Trends: 79

6.1.1 Implementation of hydraulic fracturing technology and horizontal drilling 80

6.2 Global Oil Country Tubular Goods Market Drivers: 81

6.2.1 Exploration of shale resources 82

6.2.2 Rising Global Demand for Energy Sources 83

6.2.3 CAPEX improvement in upstream sector 84

6

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Table of Content


6.2.4 Rise In Offshore Drilling Activities 85

6.3 Global Oil Country Tubular Goods Market Restraints: 86

6.3.1 Downturn in the international price of Oil & Gas 87

6.3.2 Climate change legislation and regulations curtail demand for fossil fuels 88

6.3.3 Increase in the cost of raw materials, energy, and other costs 89

6.4 Global Oil Country Tubular Goods : Competitive Landscape 90

6.4.1 Product Benchmarking 93

6.4.2 Porter’s Five Force Analysis 94

6.4.3 SWOT Analysis 96

7.0 Market Share of Leading Global Companies 98

8.0 Recent Developments in Oil Country Tubular Goods Market 101

9.0 Global Oil Country Tubular Goods Market Analysis 102

9.1 Global Oil Country Tubular Goods Market : By Volume(Thousand Tonnes) : Year 2014-2024 103

9.2 Global Oil Country Tubular Goods Market : By Value(USD Million) : Year 2014-2024 104

7

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No.

9.3 Global Oil Country Tubular Goods Market : By OCTG Price(USD Million) : Year 2014-2024 107

9.4 Global Oil & Gas Sector Outlook 111

9.5 Global Economic & Industrial Statistics 115

9.6Global Oil Country Tubular Goods Market –Segmental Analysis : By Type Market Share, By Volume, Year 2018 & 2024

118

9.7Global Oil Country Tubular Goods Market –Segmental Analysis : By Type Market Share, By Value, Year 2018 & 2024

119

9.8Global Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

120

9.9Global Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

121

9.10 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Type, By Volume 123

9.11Global Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process Market Share, By Volume, Year 2018 & 2024

125

9.12Global Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process Market Share, By Value, Year 2018 & 2024

126

9.13Global Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

127

9.14Global Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

128

9.15Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Manufacturing Process, By Volume

130

9.16Global Oil Country Tubular Goods Market –Segmental Analysis : By Grade Market Share, By Volume, Year 2018 & 2024

132

8

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9.17Global Oil Country Tubular Goods Market –Segmental Analysis : By Grade Market Share, By Value, Year 2018 & 2024

133

9.18Global Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Volume, 2014-2024

134

9.19Global Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Value, 2014-2024

135

9.20 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Grade, By Volume 137

9.21Global Oil Country Tubular Goods Market –Segmental Analysis : By Application Market Share, By Volume, Year 2018 & 2024

139

9.22Global Oil Country Tubular Goods Market –Segmental Analysis : By Application Market Share, By Value, Year 2018 & 2024

140

9.23Global Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

141

9.24Global Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

142

9.25 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Application, By Volume 143

10.0 Global Oil Country Tubular Goods Market: Regional Analysis 144

10.1 Global Oil Country Tubular Goods Market : Regional Share – By Volume : Year 2018 & 2024 145

10.2 Global Oil Country Tubular Goods Market : Regional Share – By Value : Year 2018 & 2024 146

10.3 Market Attractiveness Chart of Global Oil Country Tubular Goods Market – By Region, By Volume 147

11.0 Americas Oil Country Tubular Goods Market Analysis 149

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11.1 Americas Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 150

11.2 Americas Oil Country Tubular Goods Market - By Value(USD Million), Year 2014-2024 151

11.3 Americas Oil Country Tubular Goods Market : Prominent Regional Companies 153

11.4 Americas Oil & Gas Sector Outlook 154

11.5 Americas Economic & Industrial Statistics 157

11.6Americas Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

160

11.7Americas Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

161

11.8Americas Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

162

11.9Americas Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

163

11.10Americas Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Volume, 2014-2024

164

11.11Americas Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Value, 2014-2024

165

11.12Americas Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

166

11.13Americas Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

167

11.14 Americas Oil Country Tubular Goods Market : Country Analysis 168

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11.14.1Market Attractiveness Chart of North America Oil Country Tubular Goods Market – By Country, By Volume

169

11.14.2 Americas Oil Country Tubular Goods Market – Country Share, By Volume, Year 2018 & 2024 170

11.14.3United States Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024

172

11.14.4 United States Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 173

11.14.5United States Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

175

11.14.6United States Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

176

11.14.7United States Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

177

11.14.8United States Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

178

11.14.9United States Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

179

11.14.10United States Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

180

11.14.11United States Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

181

11.14.12United States Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

182

11.14.13 United States Oil & Gas Sector Outlook 183

11.14.14 United States Economic & Industrial Statistics 187

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11.14.15 Canada Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 189

11.14.16 Canada Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 190

11.14.17Canada Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

193

11.14.18Canada Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

194

11.14.19Canada Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

195

11.14.20Canada Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

196

11.14.21Canada Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

197

11.14.22Canada Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

198

11.14.23Canada Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

199

11.14.24Canada Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

200

11.14.25 Canada Oil & Gas Sector Outlook 201

11.14.26 Brazil Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 206

11.14.27 Brazil Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 207

11.14.28Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

208

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11.14.29Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

209

11.14.30Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

210

11.14.31Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

211

11.14.32Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

212

11.14.33Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

213

11.14.34Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

214

11.14.35Brazil Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

215

11.14.36 Brazil Oil & Gas Sector Outlook 216

11.14.37Rest Of Americas Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024

219

11.14.38 Rest Of Americas Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 220

11.14.39Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

221

11.14.40Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

222

11.14.41Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

223

11.14.42Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

224

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11.14.43Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

225

11.14.44Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

226

11.14.45Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

227

11.14.46Rest Of Americas Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

228

11.14.47 Rest Of Americas Oil and Gas Sector Outlook 229

11.14.48 Rest Of Americas Economic & Industrial Statistics 232

12.0 Europe Oil Country Tubular Goods Market Analysis 233

12.1 Europe Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 234

12.2 Europe Oil Country Tubular Goods Market - By Value(USD Million), Year 2014-2024 235

12.3 Europe Oil Country Tubular Goods Market : Prominent Regional Companies 237

12.4 Europe Oil & Gas Sector Outlook 238

12.5 Europe Economic & Industrial Statistics 241

12.6Europe Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

243

12.7Europe Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

244

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12.8Europe Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

245

12.9Europe Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

246

12.10Europe Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Volume, 2014-2024

247

12.11Europe Oil Country Tubular Goods Market –Segmental Analysis : By Grade(API, Premium) : By Value, 2014-2024

248

12.12Europe Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

249

12.13Europe Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

250

12.14 Europe Oil Country Tubular Goods Market : Country Analysis 251

12.14.1Market Attractiveness Chart of Europe Oil Country Tubular Goods Market – By Country, By Volume

252

12.14.2 Europe Oil Country Tubular Goods Market – Country Share, By Volume, Year 2018 & 2024 253

12.14.3 Russia Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 255

12.14.4 Russia Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 256

12.14.5Russia Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

259

12.14.6Russia Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

260

12.14.7Russia Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

261

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12.14.8Russia Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

262

12.14.9Russia Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

263

12.14.10Russia Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

264

12.14.11Russia Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

265

12.14.12Russia Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

266

12.14.13 Russia Oil & Gas Sector Outlook 267

12.14.14 Norway Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 273

12.14.15 Norway Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 274

12.14.16Norway Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

276

12.14.17Norway Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

277

12.14.18Norway Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

278

12.14.19Norway Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

279

12.14.20Norway Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

280

12.14.21Norway Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

281

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12.14.22Norway Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

282

12.14.23Norway Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

283

12.14.24 Norway Oil & Gas Sector Outlook 284

12.14.25Rest Of Europe Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024

288

12.14.26 Rest Of Europe Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 289

12.14.27Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

291

12.14.28Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

292

12.14.29Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

293

12.14.30Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

294

12.14.31Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

295

12.14.32Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

296

12.14.33Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

297

12.14.34Rest Of Europe Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

298

12.14.35 Rest Of Europe Oil & Gas Sector Outlook 299

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13.0 Asia Pacific Oil Country Tubular Goods Market Analysis 302

13.1 Asia Pacific Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 303

13.2 Asia Pacific Oil Country Tubular Goods Market - By Value(USD Million), Year 2014-2024 304

13.3 Asia Pacific Oil Country Tubular Goods Market : Prominent Regional Companies 307

13.4 Asia Pacific Oil & Gas Sector Outlook 308

13.5 Asia Pacific Economic & Industrial Statistics 311

13.6Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

313

13.7Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

314

13.8Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

315

13.9Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

316

13.10Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

317

13.11Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

318

13.12Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

319

13.13Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

320

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13.14 Asia Pacific Oil Country Tubular Goods Market : Country Analysis 321

13.14.1Market Attractiveness Chart of Asia Pacific Oil Country Tubular Goods Market – By Country, By Volume

322

13.14.2Asia Pacific Oil Country Tubular Goods Market – Country Share, By Volume, Year 2018 & 2024

323

13.14.3 China Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 325

13.14.4 China Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 326

13.14.5China Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

329

13.14.6China Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

330

13.14.7China Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

331

13.14.8China Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

332

13.14.9China Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

333

13.14.10China Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

334

13.14.11China Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

335

13.14.12China Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

336

13.14.13 China Oil & Gas Sector Outlook 337

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13.14.14 China Economic & Industrial Statistics 339

13.14.15 India Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024 342

13.14.16 India Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 343

13.14.17India Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

344

13.14.18India Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

345

13.14.19India Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

346

13.14.20India Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

347

13.14.21India Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

348

13.14.22India Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

349

13.14.23India Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

350

13.14.24India Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

351

13.14.25 India Oil & Gas Sector Outlook 352

13.14.26Rest Of Asia Pacific Oil Country Tubular Goods Market : By Volume(Thousand Tonnes), Year 2014-2024

355

13.14.27Rest Of Asia Pacific Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024

356

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13.14.28Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

357

13.14.29Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

358

13.14.30Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

359

13.14.31Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

360

13.14.32Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

361

13.14.33Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

362

13.14.34Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

363

13.14.35Rest Of Asia Pacific Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

364

13.14.36 Rest Of Asia Pacific Oil & Gas Sector Outlook 365

14.0 Middle East & Africa Oil Country Tubular Goods Market Analysis 367

14.1 Middle East & Africa Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 368

14.2 Middle East & Africa Oil Country Tubular Goods Market - By Value(USD Million), Year 2014-2024 369

14.3 Middle East & Africa Oil Country Tubular Goods Market : Prominent Regional Companies 372

14.4 Middle East Oil & Gas Sector Outlook 373

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14.5 Africa Oil & Gas Sector Outlook 375

14.6 Middle East & Africa Oil & Gas Sector Outlook 377

14.7Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

380

14.8Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

381

14.9Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

382

14.10Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

383

14.11Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

384

14.12Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

385

14.13Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

386

14.14Middle East & Africa Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

387

14.15 Middle East & Africa Oil Country Tubular Goods Market: Country Analysis 388

14.15.1Market Attractiveness Chart of Middle East & Africa Oil Country Tubular Goods Market – By Country, By Volume

389

14.15.2Middle East & Africa Oil Country Tubular Goods Market – Country Share, By Volume, Year 2018 & 2024

390

14.15.3Saudi Arabia Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024

392

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14.15.4 Saudi Arabia Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 393

14.15.5Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

394

14.15.6Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

395

14.15.7Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

396

14.15.8Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

397

14.15.9Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

398

14.15.10Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

399

14.15.11Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

400

14.15.12Saudi Arabia Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

401

14.15.13 Saudi Arabia Oil & Gas Sector Outlook 402

14.15.14 Kuwait Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 406

14.15.15 Kuwait Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 407

14.15.16Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

409

14.15.17Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

410

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14.15.18Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

411

14.15.19Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

412

14.15.20Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

413

14.15.21Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

414

14.15.22Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

415

14.15.23Kuwait Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

416

14.15.24 Kuwait Oil & Gas Sector Outlook 417

14.15.25 UAE Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024 421

14.15.26 UAE Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 422

14.15.27UAE Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

424

14.15.28UAE Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

425

14.15.29UAE Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

426

14.15.30UAE Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

427

14.15.31UAE Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

428

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14.15.32UAE Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

429

14.15.33UAE Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

430

14.15.34UAE Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

431

14.15.35 UAE Oil & Gas Sector Outlook 432

14.15.36Rest Of MEA Oil Country Tubular Goods Market - By Volume(Thousand Tonnes), Year 2014-2024

435

14.15.37 Rest Of MEA Oil Country Tubular Goods Market : By Value(USD Million), Year 2014-2024 436

14.15.38Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Volume, 2014-2024

438

14.15.39Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Type(Drill Pipe, Casing Pipe, Tubing Pipe) : By Value, 2014-2024

439

14.15.40Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Volume, 2014-2024

440

14.15.41Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Manufacturing Process(Seamless, Welded) : By Value, 2014-2024

441

14.15.42Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Volume, 2014-2024

442

14.15.43Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Grade (API, Premium) : By Value, 2014-2024

443

14.15.44Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Volume, 2014-2024

444

14.15.45Rest Of MEA Oil Country Tubular Goods Market –Segmental Analysis : By Application(Offshore, Onshore) : By Value, 2014-2024

445

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26

S.No

Particulars Page No.

14.15.46 Rest of MEA Oil & Gas Sector Outlook 446

15.0 Company Profiling 448

15.1 Vallourec 449

15.1.1 Business Overview 449

15.1.2 Financial Overview : Annual Sales Revenue & Annual Net Profit/Loss, Year 2014-2018 450

15.1.3 Segmental Overview : Sales Revenue – By Business & Geography Segment – Year 2018 451

15.2 Tenaris 452



15.2.3 Segmental Overview : Sales Revenue – By Business & Geography Segment – Year 2018 454

15.2.4 Tenaris Tubes Sales & Production Volume(Thousand of Tons), Year 2014-2018 455

15.3 TMK 456



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15.3.3 Segmental Overview : Sales Revenue – By Product Portfolio & Group of Products – Year 2018 458

15.3.4 Segmental Overview : Sales Revenue – By Industry & Reporting Segments – Year 2018 459

15.3.5 Segmental Overview : Sales Revenue – By Customer & Geographical Segment – Year 2018 460

15.4 U.S. Steel Corporation(USS) 461


15.4.2 Financial Overview : Annual Sales Revenue & Annual Net Income/Loss, Year 2014-2018 462

15.4.3 Segmental Overview : Sales Revenue – By Business & Geographical Segment – Year 2018 463

15.4.4U.S. Steel Corporation(USS) Business Segment Production data(Thousand of tons), Year 2014-2018

464

15.5 Nippon Steel & Sumitomo Corporation 465



16.4.3 Segmental Overview : Sales Revenue – By Business & Geographical Segment – Year 2018 467

15.6 JFE Holdings Inc. 468


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28



15.6.3 Segmental Overview : Sales Revenue – By Business Segment – Year 2018 470

15.7 Sandvik 471



15.7.3 Segmental Overview : Sales Revenue – By Customer Segment & Business Areas – Year 2018 473

15.7.4 Segmental Overview : Sales Revenue – By Geographical Segment – Year 2018 474

15.8 ArcelorMittal 475



15.8.3 Segmental Overview : Sales Revenue – By Reportable Segment & Product Type – Year 2018 477

15.8.4 Segmental Overview : Sales Revenue – By Geographical Segment – Year 2018 478

15.9 ChelPipe Group 479


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15.9.3 Segmental Overview : Sales Revenue – By Business Segment & Product Mix – Year 2018 481

15.9.4 ChelPipe Group Shipments of OCTG In Thousand Tonnes, Year 2016-2018 482

15.10 EVRAZ 483



15.10.3 Segmental Overview : Sales Revenue – By Business Segment & Geography – Year 2018 485

15.10.4 EVRAZ Market Share in OCTG Canada(%), FY 2017-2018 486

16.0 About Us. 487

(c) AZOTH Analytics

Research Methodology

For our study on Global Oil Country Tubular Goods Market, we have conducted comprehensive

secondary research followed by an extensive primary research. In the process of secondary research,

we have scrutinized industry documents, accessed from open sources, premium paid databases and

our internal knowledge base. In the process of primary research, we have interviewed various industry

experts across the value chain of the Steel products manufacturing industry in Oil & Gas Sector.

Market size of the actual period (2014-2018) has been evaluated on the basis of growth trends of

the industry in the last Five years, and confirming the findings through primary research. Annual

reports of the companies are scanned to further validate the market size and to estimate the size of

various other end-user sectors. Market sizing and growth in the forecast period (2019-2024) is

estimated through product mapping, Manufacturing Process in end-user industries, growth of allied

sectors and historical growth pattern of the industry. All the relevant data points/ statistics in the

forecast period are validated through relevant and reliable primary sources.

Report Focus: Global Oil Country Tubular Goods Market

- By Type: (Drill Pipe, Casing Pipe, Tubing Pipe),

- By Manufacturing Process : (Seamless, Welded),

- By Grade: (API, Premium)

- By Application: (Onshore, Offshore)

- By Region (Americas, Europe, Asia Pacific, MEA),

- By Country (United States, Canada, Brazil, Russia, Norway, China, India, UAE, Kuwait, Saudi Arabia)

- Company Coverage :(Vallourec, Tenaris, TMK, U.S. Steel Corporation(USS), Nippon Steel & Sumitomo Corporation, JFE Holdings Inc., Sandvik, ArcelorMittal, ChelPipe Group, EVRAZ)

Companies Contacted: Vallourec, Sandvik

30

(c) AZOTH Analytics

Research Methodology

Step : 1 – Financial Analysis

Financial Analysis of Leading Oil Country Tubular Goods Manufacturersacross the globe to understand their KPIs (Sales Revenues, EBITDA, PAT,Revenue segments).

Step : 2 – Primary Research

Team of Analysts conduct Primary Research to leading companies tounderstand Global Oil Country Tubular Goods dynamics such as MarketStrategic Framework, prevailing trends, drivers and challenges of themarket.

Step : 3 – Secondary Research

Research Analysts derive the historical market size and segmentation ofGlobal Oil Country Tubular Goods market on geographical basis aftertaking inputs from Financial Analysis, Primary Research, access to database such as Factiva, Hoovers and Bloomberg.

Step : 4 – Forecasting

Forecasting is done on the basis of trend analysis while taken intoconsideration of following qualitative and quantitative data such aspenetration rate, rate of growth in market, historical trend etc.

31

(c) AZOTH Analytics

Executive Summary

Competitive LandscapeVallourec, Tenaris, TMK, U.S. Steel Corporation(USS), Nippon Steel & Sumitomo Corporation, JFE

Holdings Inc., Sandvik, ArcelorMittal, ChelPipe Group, EVRAZ

Market Drivers & Challenges

• Drivers

➢ Exploration of shale resources

➢ Rising Global demand for energy sources

➢ Rise in offshore drilling activities

➢ CAPEX improvement in upstream sector

Challenges

➢ Downturn in the international price of Oil

& Gas.

➢ Climate change legislations & regulations

curtail demand for fossil fuels.

➢ Increase in the cost of raw materials,

energy, and other costs

Trends

32

• Global Oil Country Tubular Goods market is

projected to advance at a significant CAGR of

xx% by volume and xx% by value during

2019-2024, mainly due to the increasing

drilling and production activities coupled with

growing energy demand to fulfill the

consumption needs. Global Oil Country

Tubular Goods will reach at a production

volume of xx thousand tonnes with a market

value of USD xx Million by 2024.

➢ Implementation of hydraulic

fracturing technology and

horizontal drilling.

(c) AZOTH Analytics

.

33

Product Overview, By Type

• There are three main types of Oil Country Tubular Goods, which includes Drill pipe, Casing pipe and Tubing pipe.

❑ OCTG Drill Pipe: Pipe for Drilling

Drill pipe is a heavy, seamless tube that rotates the drill bit and circulates drilling fluid. It allows the drilling fluid to be pumped

through the bit and back up the annulus. The pipe is subject to axial tension, extremely high torque and high internal pressure.

That is why the pipe is extremely strong and vital in OCTG endeavor. Drill Pipe normally mean for the Durable steel pipe used in

drilling, standards in API 5DP and API SPEC 7-1.

(c) AZOTH Analytics

Source: Azoth Analytics

Global market size of Oil Country Tubular Goods in year 2018 is USD xx million by value and xx Thousand Tonnes by volume.

Nippon Steel & Sumitomo Metal Corporation, headquartered in Chiyoda, Tokyo, Japan, is a global leader in Oil Country Tubular

Goods industry with estimated xx% of global market share in 2018.

Market Share of Leading Global Companies

Figure 4: Global Oil Country Tubular Goods Market Share, By Company (%)

(2018)

34

Vallourec

Tenaris SA

TMK

Nippon Steel & Sumitomo

Metal Corporation

JFE Holdings Inc.

Others

(c) AZOTH Analytics

Source: Azoth Analytics

Market Share of Leading Global Companies

Market Leader

Xx

xx

MarketChallengers

Xx

Xx

xx

Market

Followers

Xx

Xx

Xx

X

Market Nichers

xx

Figure 5: Competitive Positions of Oil Country Tubular

Goods Manufacturing Companies (2018)

35

Nippon Steel & Sumitomo Metal

Corporation(NSSMC) Corporation is a global

leader in Oil Country Tubular Goods market

segment with presence in Japan, Asia,

Others.

The Company has xx% market share in Oil

Country Tubular Goods which are used in the

harsh high pressure, high temperature

corrosive gas environment of drilling.

Xx

Xx

Xx

X

x

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market: An Analysis

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market - By Volume

37

Source: Azoth Analytics Estimates

Figure 6: Global Oil Country Tubular Goods Market Size, By Volume, 2014-2024 (Thousand Tonnes)

CAGR 2014-2018

xx%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

xx xx xx xx xx xx xx xx xx xx xx

CAGR 2019-2024

xx%

The OCTG market by volume is driven by increasing oil and gas production and rising upstream investment

by operators.

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market - By Value

38


Reduced drilling activity and de-stocking of OCTG inventory were the key factors that lowered the demand

of OCTG products during the year 2015-2016.

Figure 7: Global Oil Country Tubular Goods Market Size, By Value, 2014-2024 (USD Million)

CAGR 2014-2018

xx%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024


CAGR 2019-2024

xx%

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market Size - By Type, By Volume

Figure 19: Global Oil Country Tubular Goods Market Size,

By Type, By Volume - 2018 (%)

Growing investment in offshore drilling activities as well as use of hydraulic fracturing increases the use of

drill pipes.


39


By Type, By Volume - 2024F(%)


xx%

xx%

xx%

Drill Pipe

Casing Pipe

Tubing Pipe

xx%

xx%

xx%

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market Size - By Type, By Value


By Type, By Value - 2018 (%)

Drill Pipes has the largest market share in year 2018 and is also expected to dominate in the near future

owing to upcoming offshore projects in Mexico, Brazil etc.


40


By Type, By Value - 2024F(%)


xx%

xx%

xx%

Drill Pipe

Casing Pipe

Tubing Pipe

xx%

xx%

xx%

(c) AZOTH Analytics


Figure 23: Global Oil Country Tubular Goods Market- By Type, By Volume (Thousand Tonnes), 2014-2024

CAGR 2014-2018

Drill Pipe : xx%Casing Pipe : xx%Tubing Pipe : xx%

Global Oil Country Tubular Goods Market- By Type, By Volume

41

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Drill Pipe xx xx xx xx xx xx xx xx xx xx xx

CasingPipe


TubingPipe


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Drill Pipe Casing Pipe Tubing Pipe

CAGR 2019-2024


(c) AZOTH Analytics


Figure 24: Global Oil Country Tubular Goods Market- By Type, By Value (USD Million), 2014-2024

CAGR 2014-2018


Global Oil Country Tubular Goods Market- By Type, By Value

42

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Drill Pipe xx xx xx xx xx xx xx xx xx xx xx

CasingPipe


TubingPipe


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Drill Pipe Casing Pipe Tubing Pipe

CAGR 2019-2024


(c) AZOTH Analytics 43

Drill Pipe

Figure 25: Market Opportunity Chart of Global Oil Country Tubular Goods Market - By Type (Year-2024)

Owing to rise in expenditure xx…………………………………………………………………………………

Casing Pipe

Tubing Pipe

Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Type, By Volume

xx%

xx%

xx%

0.00%

1.00%

2.00%

3.00%

4.00%

5200.00 5600.00 6000.00 6400.00 6800.00

CA

GR

(2

01

9-2

02

4)

Market Size ( Thousand Tonnes) in Year 2024

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market Size - By Manufacturing Process, By Volume

Figure 26: Global Oil Country Tubular Goods Market

Size, By Manufacturing Process, By Volume - 2018 (%)

Huge capital investment for the production of seamless OCTG pipes drives the market of seamless OCTG

products.


44


By Manufacturing Process, By Volume - 2024F(%)


xx%

xx%

Seamless

Welded xx%

xx%

(c) AZOTH Analytics


Figure 30: Global Oil Country Tubular Goods Market- By Manufacturing Process, By Volume (Thousand Tonnes),

2014-2024

CAGR 2014-2018

Seamless : xx%Welded : xx%

Global Oil Country Tubular Goods Market - By Manufacturing Process, By Volume

45

CAGR 2019-2024


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Seamless xx xx xx xx xx xx xx xx xx xx xx

Welded xx xx xx xx xx xx xx xx xx xx xx

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Seamless Welded

(c) AZOTH Analytics


Figure 31: Global Oil Country Tubular Goods Market- By Manufacturing Process, By Value (USD Million),

2014-2024

CAGR 2014-2018


Global Oil Country Tubular Goods Market - By Manufacturing Process, By Value

46

CAGR 2019-2024


2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Seamless xx xx xx xx xx xx xx xx xx xx xx

Welded xx xx xx xx xx xx xx xx xx xx xx

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Seamless Welded


Seamless

Figure 33: Market Opportunity Chart of Global Oil Country Tubular Goods Market - By Manufacturing

Process, By Volume (Year-2024)

Seamless OCTG pipes xx…………………………………………………………………………….

xx%

xx%

-1.00%

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

1000.00 3200.00 5400.00 7600.00 9800.00 12000.00 14200.00

CA

GR

(2

01

9-2

02

4)

Market Size (Thousand Tonnes) in Year 2024

Welded

Market Attractiveness Chart of Global Oil Country Tubular Goods Market – By Manufacturing Process, By Volume

(c) AZOTH Analytics


Figure 38: Global Oil Country Tubular Goods Market- By Grade, By Volume (Thousand Tonnes), 2014-2024

Global Oil Country Tubular Goods Market - By Grade, By Volume

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

API Premium

48

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

API xx xx xx xx xx xx xx xx xx xx xx

Premium xx xx xx xx xx xx xx xx xx xx xx

CAGR 2014-2018

API : xx%Premium : xx%

CAGR 2019-2024


(c) AZOTH Analytics


Figure 39: Global Oil Country Tubular Goods Market- By Grade, By Value (USD Million), 2014-2024

Global Oil Country Tubular Goods Market - By Grade, By Value

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

API Premium

49

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

API xx xx xx xx xx xx xx xx xx xx xx

Premium xx xx xx xx xx xx xx xx xx xx xx

CAGR 2014-2018


CAGR 2019-2024



API

Figure 40: Market Opportunity Chart of Global Oil Country Tubular Goods Market - By Grade, By Volume

(Year-2024)

API Grade connection xx…………………………………………………………………………………………………….

xx%

xx%

-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

2500.00 5000.00 7500.00 10000.00 12500.00 15000.00

CA

GR

(2

01

9-2

02

4)


Premium

Market Attractiveness Chart of Global Oil Country Tubular Goods Market – By Grade, By Volume

(c) AZOTH Analytics

Global Oil Country Tubular Goods Market Size - By Application, By Volume

Figure 41: Global Oil Country Tubular Goods Market

Size, By Application, By Volume - 2018 (%)

Onshore application has the largest market share during the historical period since large number of

exploration and drilling activities took place in onshore fields.


51


By Application, By Volume - 2024F(%)


xx%

xx%

Offshore

Onshore

xx%

xx%

(c) AZOTH Analytics


Figure 46: Global Oil Country Tubular Goods Market- By Application, By Value (USD Million), 2014-2024

Global Oil Country Tubular Goods Market - By Application, By Value

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Offshore Onshore

52

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Offshore xx xx xx xx xx xx xx xx xx xx xx

Onshore xx xx xx xx xx xx xx xx xx xx xx

CAGR 2014-2018

Offshore : xx%Onshore : xx%

CAGR 2019-2024

Offshore : xx%Onshore : xx%


Offshore

Figure 47: Market Opportunity Chart of Global Oil Country Tubular Goods Market - By Application, By

Volume (Year-2024)

OCTG products has xx…………………………………………………………………………………………

xx%

xx%

0.00%

1.00%

2.00%

3.00%

4.00%

1500.00 4000.00 6500.00 9000.00 11500.00 14000.00 16500.00

CA

GR

(2

01

9-2

02

4)


Onshore

Market Attractiveness Chart of Global Oil Country Tubular Goods Market – By Application, By Volume

(c) AZOTH Analytics

Americas Oil Country Tubular Goods Market - By Volume

54


Americas Oil Country Tubular Goods market has shown a tremendous growth owing to the rise in oil

extraction and drilling activities and shale boom.

Figure 53: Americas Oil Country Tubular Goods Market Size, By Volume, 2014-2024 (Thousand Tonnes)

CAGR 2014-2018

xx%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024


CAGR 2019-2024

xx%

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

Americas Oil Country Tubular Goods Market - By Value

55


North America is a major share holder in exploration and drilling activities and also dominating the use of

OCTG products to enhance the productivity.

Figure 54: Americas Oil Country Tubular Goods Market Size, By Value, 2014-2024 (USD Million)

CAGR 2014-2018

xx%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024


CAGR 2019-2024

xx%

Xx

Xx

Xx

Xx

Xx

(c) AZOTH Analytics

United States Oil Country Tubular Goods Market - By Volume

56


Increasing number of rig counts in United States as well as increasing capital investment by the companies

will boost the OCTG market

Figure 84: United States Oil Country Tubular Goods Market Size, By Volume, 2014-2024 (Thousand Tonnes)

CAGR 2014-2018

xx%

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024


CAGR 2019-2024

xx%

Xx

Xx

Xx

Xx

Xx

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