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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Oil Country Tubular Goods Market Regional Analysis
North America held a significant share of the market over the historical period and is expected to grow further over the forecast period owing to the increasing crude oil production in countries such as Mexico, the United States, and Canada. The demand for premium quality oil country tubular goods increased in the region due to rising deep water exploration activities in remote areas with harsh environmental conditions. Moreover, the presence of major offshore deep-water reserves in Mexico are expected to aid the oil country tubular goods market opportunities.
| CAGR 2024-2032 - Market by | Country |
| USA | 7.8% |
| UK | 7.5% |
| India | 7.0% |
| Germany | 6.7% |
| China | 5.8% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 3.6% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Oil Country Tubular Goods Market Report Snapshots
Oil Country Tubular Goods Market Size
Oil Country Tubular Goods Market Growth
Oil Country Tubular Goods Market Trends
Oil Country Tubular Goods Companies
Oil Country Tubular Goods Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 25.39 billion in 2024.
The market is projected to grow at a CAGR of 6.8% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 45.89 billion by 2034.
The major market drivers include rise in crude oil production and increased emphasis on cost efficiency in drilling and exploration operations.
The key trends fuelling the growth of the market include increased focus of manufacturers on improving the operational efficiency of OCTG and integration of digital technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products available in the market are well casing, product tubing, and drill pipe, among others.
The key players in the market are TMK Group, Sumitomo Corporation, Nippon Steel Corporation, Iljin Steel Co., Ltd., Tenaris S.A, U.S. Steel Tubular Products, Inc., Vallourec Group, Oil Country Tubular Limited, ArcelorMittal S.A., and JFE Steel Corporation, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124