Oil Country Tubular Goods (OCTG) Casing and Tubing Market
Oil Country Tubular Goods (OCTG) Casing and Tubing Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Oil Country Tubular Goods (OCTG) Casing and Tubing
Market Size and Growth
The Oil Country Tubular Goods (OCTG) Casing and Tubing market is experiencing robust growth, driven by increasing demand in oil and gas exploration. The market size was valued at approximately $29 billion in 2022 and is projected to reach $43 billion by 2030, fueled by expanding drilling activities and technological advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ 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
The Oil Country Tubular Goods (OCTG) market is competitive, with companies like Tenaris, Vallourec, and TMK Group leading through innovation, quality, and strategic partnerships. They enhance market growth by expanding production capacities and entering emerging markets. Sales figures include: Tenaris ($3.06 billion), Vallourec ($1.97 billion), and U. S. Steel Tubular Products ($1.6 billion).
◍ Evraz
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Market Segmentation
By Application
Onshore
Offshore
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By Product
Casing
Tubing
Market Growth
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$ X Billion USD
