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Oil country tubular goods (OCTG) is a family of seamless rolled products consisting of drill pipe, casing and tubing subjected to loading conditions according to their specific application.
Drill pipe is heavy seamless tube that rotates the drill bit and circulates drilling fluid. Pipe segments 30 ft (9m) long are coupled with tool joints. Drill pipe is simultaneously subjected to high torque by drilling, axial tension by its dead weight, and internal pressure by purging of drilling fluid. Additionally, alternating bending loads due to non-vertical or deflected drilling may be superimposed on these basic loading patterns. Casing pipe lines the borehole. It is subject to axial tension by its dead weight, internal pressure by fluid purging, and external pressure by surrounding rock formations. Casing is particularly exposed to axial tension and internal pressure by the pumped oil or gas emulsion. Tubing is pipe through which the oil or gas is transported from the wellbore. Tubing segments are generally around 30 ft (9 m) long with a threaded connection on each end.
Market Analysis and Insights: Global OCTG Market
In 2020, the global OCTG market size was US$ 39470 million and it is expected to reach US$ 59640 million by the end of 2027, with a CAGR of 5.6% between 2021 and 2027
Global OCTG Scope and Market Size
The global OCTG market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global OCTG market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Casing
Tubing
Others
Segment by Application
Onshore
Offshore
By Company
Tenaris
Vallourec
TMK Group
TPCO
Nippon Steel & Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys & Services
Baosteel
Changbao
Hengyang Valin Steel Tube
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Drill pipe is heavy seamless tube that rotates the drill bit and circulates drilling fluid. Pipe segments 30 ft (9m) long are coupled with tool joints. Drill pipe is simultaneously subjected to high torque by drilling, axial tension by its dead weight, and internal pressure by purging of drilling fluid. Additionally, alternating bending loads due to non-vertical or deflected drilling may be superimposed on these basic loading patterns. Casing pipe lines the borehole. It is subject to axial tension by its dead weight, internal pressure by fluid purging, and external pressure by surrounding rock formations. Casing is particularly exposed to axial tension and internal pressure by the pumped oil or gas emulsion. Tubing is pipe through which the oil or gas is transported from the wellbore. Tubing segments are generally around 30 ft (9 m) long with a threaded connection on each end.
Market Analysis and Insights: Global OCTG Market
In 2020, the global OCTG market size was US$ 39470 million and it is expected to reach US$ 59640 million by the end of 2027, with a CAGR of 5.6% between 2021 and 2027
Global OCTG Scope and Market Size
The global OCTG market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global OCTG market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Casing
Tubing
Others
Segment by Application
Onshore
Offshore
By Company
Tenaris
Vallourec
TMK Group
TPCO
Nippon Steel & Sumitomo Metal
U. S. Steel Tubular Products
ArcelorMittal
SANDVIK
Zekelman Industries
SB international Inc
Continental Alloys & Services
Baosteel
Changbao
Hengyang Valin Steel Tube
JFE
Interpipe
Voestalpine
Evraz
JESCO
Jindal Saw
Maharashtra
SeAH Steel
Nexteel
Hyundai Hysco
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
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