油井管（OCTG）市場レポート : 2025-2033年

The global oil country tubular goods (OCTG) market size reached USD 25.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 41.8 Billion by 2033, exhibiting a growth rate (CAGR) of 5.47% during 2025-2033. At present, North America dominates the global oil country tubular goods market by region, driven by significant drilling activities.

世界の油井管（OCTG）市場規模は、2024年に259億米ドルに達しました。IMARCグループは、今後、市場規模が2033年には418億米ドルに達し、2025年から2033年にかけて5.47%の年平均成長率（CAGR）で成長すると予測しています。現在、地域別では北米が世界の油井管市場を牽引しており、これは活発な掘削活動によるものです。

Oil country tubular goods (OCTG) refers to seamless rolled products used in the oil and gas industry. They consist of drill pipe, casing, and tubing that are used in drilling, equipment, and operation of wells for oil and gas production. Amongst these, drill pipes are heavy seamless tubes that rotate the drill bit and circulate drilling fluid, whereas casing pipelines the borehole and is exposed to axial tension and internal pressure by the pumped oil and gas emulsion. On the other hand, tubing is a pipe through which the gasses and oils are transported from the wellbore. OCTG is manufactured of alloy steel or carbon using electric resistance welded (ERW) or seamless processes, which facilitates the safe and efficient transportation of oil and gas.

油井管（OCTG）は、石油・ガス産業で使用されるシームレス圧延製品です。石油・ガス生産のための掘削、設備、井戸の操作に使用されるドリルパイプ、ケーシング、チュービングで構成されています。このうち、ドリルパイプは、ドリルビットを回転させ、掘削流体を循環させる重厚なシームレスチューブです。一方、ケーシングは掘削孔をパイプラインでつなぎ、汲み上げられた油・ガスエマルジョンによって軸方向の張力と内圧にさらされます。一方、チュービングは、油井からガスや油を輸送するパイプです。OCTGは、合金鋼または炭素鋼を使用し、電気抵抗溶接（ERW）またはシームレスプロセスを使用して製造され、石油とガスの安全で効率的な輸送を可能にします。

OCTG (Oil Country Tubular Goods) Market Trends:

The increasing drilling operations across the globe is one of the key factors driving the growth of the market. OCTG are widely used in drilling activities due to the increase in deep-water exploration in remote areas with complex environments. In line with this, the widespread product adoption for the exploration of the onshore oil fields to develop a wide variety of chemical products and fuel on account of the increasing demand for energy resources are favoring the market growth. Moreover, the large-scale implementation of hydraulic fracturing technology and horizontal drilling to release reserves long held within the shale formations of rock are also providing an impetus to the market growth. Additionally, the widespread adoption of seamless pipes due to their ability to provide uniformity of shape and withstand extremely high pressure without cracking is positively impacting the market growth. Apart from this, rising exploration and production activities (E&P) and the implementation of various government initiatives to promote the discovery and extortion of oil and gas are anticipated to drive the market toward growth.

Report Coverage:

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global oil country tubular goods (OCTG) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product, manufacturing process, grade and application.

Breakup by Product:

• Well Casing
• Product Tubing
• Drill Pipe
• Others

Breakup by Manufacturing Process:

• Electric Resistance Welded (ERW)
• Seamless

Breakup by Grade:

• API Grade
• Premium Grade

Breakup by Application:

• Onshore
• Offshore

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ArcelorMittal S.A., EVRAZ plc, Iljin Steel Co. Ltd. (ILJIN Group), JFE Steel Corporation, Nippon Steel Corporation, NOV Inc., Oil Country Tubular Limited, Sumitomo Corporation, Tenaris S.A. (Techint), TMK Group, United States Steel Corporation and Vallourec S.A.

Key Questions Answered in This Report

1.What was the size of the global oil country tubular goods (OCTG) market in 2024?

2.What is the expected growth rate of the global oil country tubular goods (OCTG) market during 2025-2033?

3.What are the key factors driving the global oil country tubular goods (OCTG) market?

4.What has been the impact of COVID-19 on the global oil country tubular goods (OCTG) market?

5.What is the breakup of the global oil country tubular goods (OCTG) market based on the product?

6.What is the breakup of the global oil country tubular goods (OCTG) market based on the manufacturing process?

7.What is the breakup of the global oil country tubular goods (OCTG) market based on the grade?

8.What is the breakup of the global oil country tubular goods (OCTG) market based on the application?

9.What are the key regions in the global oil country tubular goods (OCTG) market?

10.Who are the key players/companies in the global oil country tubular goods (OCTG) market?

Table of Contents

1   Preface

2   Scope and Methodology

2.1    Objectives of the Study

2.2    Stakeholders

2.3    Data Sources

2.3.1    Primary Sources

2.3.2    Secondary Sources

2.4    Market Estimation

2.4.1    Bottom-Up Approach

2.4.2    Top-Down Approach

2.5    Forecasting Methodology

3   Executive Summary

4   Introduction

4.1    Overview

4.2    Key Industry Trends

5   Global Oil Country Tubular Goods (OCTG) Market

5.1    Market Overview

5.2    Market Performance

5.3    Impact of COVID-19

5.4    Market Forecast

6   Market Breakup by Product

6.1    Well Casing

6.1.1 Market Trends

6.1.2 Market Forecast

6.2    Product Tubing

6.2.1 Market Trends

6.2.2 Market Forecast

6.3    Drill Pipe

6.3.1 Market Trends

6.3.2 Market Forecast

6.4    Others

6.4.1 Market Trends

6.4.2 Market Forecast

7   Market Breakup by Manufacturing Process

7.1    Electric Resistance Welded (ERW)

7.1.1 Market Trends

7.1.2 Market Forecast

7.2    Seamless

7.2.1 Market Trends

7.2.2 Market Forecast

8   Market Breakup by Grade

8.1    API Grade

8.1.1 Market Trends

8.1.2 Market Forecast

8.2    Premium Grade

8.2.1 Market Trends

8.2.2 Market Forecast

9   Market Breakup by Application

9.1    Onshore

9.1.1 Market Trends

9.1.2 Market Forecast

9.2    Offshore

9.2.1 Market Trends

9.2.2 Market Forecast

10  Market Breakup by Region

10.1    North America

10.1.1 United States

10.1.1.1 Market Trends

10.1.1.2 Market Forecast

10.1.2 Canada

10.1.2.1 Market Trends

10.1.2.2 Market Forecast

10.2    Asia-Pacific

10.2.1 China

10.2.1.1 Market Trends

10.2.1.2 Market Forecast

10.2.2 Japan

10.2.2.1 Market Trends

10.2.2.2 Market Forecast

10.2.3 India

10.2.3.1 Market Trends

10.2.3.2 Market Forecast

10.2.4 South Korea

10.2.4.1 Market Trends

10.2.4.2 Market Forecast

10.2.5 Australia

10.2.5.1 Market Trends

10.2.5.2 Market Forecast

10.2.6 Indonesia

10.2.6.1 Market Trends

10.2.6.2 Market Forecast

10.2.7 Others

10.2.7.1 Market Trends

10.2.7.2 Market Forecast

10.3    Europe

10.3.1 Germany

10.3.1.1 Market Trends

10.3.1.2 Market Forecast

10.3.2 France

10.3.2.1 Market Trends

10.3.2.2 Market Forecast

10.3.3 United Kingdom

10.3.3.1 Market Trends

10.3.3.2 Market Forecast

10.3.4 Italy

10.3.4.1 Market Trends

10.3.4.2 Market Forecast

10.3.5 Spain

10.3.5.1 Market Trends

10.3.5.2 Market Forecast

10.3.6 Russia

10.3.6.1 Market Trends

10.3.6.2 Market Forecast

10.3.7 Others

10.3.7.1 Market Trends

10.3.7.2 Market Forecast

10.4    Latin America

10.4.1 Brazil

10.4.1.1 Market Trends

10.4.1.2 Market Forecast

10.4.2 Mexico

10.4.2.1 Market Trends

10.4.2.2 Market Forecast

10.4.3 Others

10.4.3.1 Market Trends

10.4.3.2 Market Forecast

10.5    Middle East and Africa

10.5.1 Market Trends

10.5.2 Market Breakup by Country

10.5.3 Market Forecast

11  SWOT Analysis

11.1    Overview

11.2    Strengths

11.3    Weaknesses

11.4    Opportunities

11.5    Threats

12  Value Chain Analysis

13  Porters Five Forces Analysis

13.1    Overview

13.2    Bargaining Power of Buyers

13.3    Bargaining Power of Suppliers

13.4    Degree of Competition

13.5    Threat of New Entrants

13.6    Threat of Substitutes

14  Price Analysis

15  Competitive Landscape

15.1    Market Structure

15.2    Key Players

15.3    Profiles of Key Players

15.3.1    ArcelorMittal S.A.

15.3.1.1 Company Overview

15.3.1.2 Product Portfolio

15.3.1.3 Financials

15.3.1.4 SWOT Analysis

15.3.2    EVRAZ plc

15.3.2.1 Company Overview

15.3.2.2 Product Portfolio

15.3.2.3 Financials

15.3.2.4 SWOT Analysis

15.3.3    Iljin Steel Co. Ltd. (ILJIN Group)

15.3.3.1 Company Overview

15.3.3.2 Product Portfolio

15.3.4    JFE Steel Corporation

15.3.4.1 Company Overview

15.3.4.2 Product Portfolio

15.3.4.3 Financials

15.3.4.4 SWOT Analysis

15.3.5    Nippon Steel Corporation

15.3.5.1 Company Overview

15.3.5.2 Product Portfolio

15.3.5.3 Financials

15.3.5.4 SWOT Analysis

15.3.6    NOV Inc.

15.3.6.1 Company Overview

15.3.6.2 Product Portfolio

15.3.6.3 Financials

15.3.6.4 SWOT Analysis

15.3.7    Oil Country Tubular Limited

15.3.7.1 Company Overview

15.3.7.2 Product Portfolio

15.3.7.3 Financials

15.3.8    Sumitomo Corporation

15.3.8.1 Company Overview

15.3.8.2 Product Portfolio

15.3.8.3 Financials

15.3.8.4 SWOT Analysis

15.3.9    Tenaris S.A. (Techint)

15.3.9.1 Company Overview

15.3.9.2 Product Portfolio

15.3.9.3 Financials

15.3.10    TMK Group

15.3.10.1 Company Overview

15.3.10.2 Product Portfolio

15.3.10.3 Financials

15.3.11    United States Steel Corporation

15.3.11.1 Company Overview

15.3.11.2 Product Portfolio

15.3.11.3 Financials

15.3.11.4 SWOT Analysis

15.3.12    Vallourec S.A.

15.3.12.1 Company Overview

15.3.12.2 Product Portfolio

15.3.12.3 Financials

List of Tables

Table 1: Global: Oil Country Tubular Goods Market: Key Industry Highlights, 2024 & 2033

Table 2: Global: Oil Country Tubular Goods Market Forecast: Breakup by Product (in Million USD), 2025-2033

Table 3: Global: Oil Country Tubular Goods Market Forecast: Breakup by Manufacturing Process (in Million USD), 2025-2033

Table 4: Global: Oil Country Tubular Goods Market Forecast: Breakup by Grade (in Million USD), 2025-2033

Table 5: Global: Oil Country Tubular Goods Market Forecast: Breakup by Application (in Million USD), 2025-2033

Table 6: Global: Oil Country Tubular Goods Market Forecast: Breakup by Region (in Million USD), 2025-2033

Table 7: Global: Oil Country Tubular Goods Market: Competitive Structure

Table 8: Global: Oil Country Tubular Goods Market: Key Players

List of Figures

Figure 1: Global: Oil Country Tubular Goods Market: Major Drivers and Challenges

Figure 2: Global: Oil Country Tubular Goods Market: Sales Value (in Billion USD), 2019-2024

Figure 3: Global: Oil Country Tubular Goods Market Forecast: Sales Value (in Billion USD), 2025-2033

Figure 4: Global: Oil Country Tubular Goods Market: Breakup by Product (in %), 2024

Figure 5: Global: Oil Country Tubular Goods Market: Breakup by Manufacturing Process (in %), 2024

Figure 6: Global: Oil Country Tubular Goods Market: Breakup by Grade (in %), 2024

Figure 7: Global: Oil Country Tubular Goods Market: Breakup by Application (in %), 2024

Figure 8: Global: Oil Country Tubular Goods Market: Breakup by Region (in %), 2024

Figure 9: Global: Oil Country Tubular Goods (Well Casing) Market: Sales Value (in Million USD), 2019 & 2024

Figure 10: Global: Oil Country Tubular Goods (Well Casing) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 11: Global: Oil Country Tubular Goods (Product Tubing) Market: Sales Value (in Million USD), 2019 & 2024

Figure 12: Global: Oil Country Tubular Goods (Product Tubing) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 13: Global: Oil Country Tubular Goods (Drill Pipe) Market: Sales Value (in Million USD), 2019 & 2024

Figure 14: Global: Oil Country Tubular Goods (Drill Pipe) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 15: Global: Oil Country Tubular Goods (Other Products) Market: Sales Value (in Million USD), 2019 & 2024

Figure 16: Global: Oil Country Tubular Goods (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 17: Global: Oil Country Tubular Goods (Electric Resistance Welded (ERW)) Market: Sales Value (in Million USD), 2019 & 2024

Figure 18: Global: Oil Country Tubular Goods (Electric Resistance Welded (ERW)) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 19: Global: Oil Country Tubular Goods (Seamless) Market: Sales Value (in Million USD), 2019 & 2024

Figure 20: Global: Oil Country Tubular Goods (Seamless) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 21: Global: Oil Country Tubular Goods (API Grade) Market: Sales Value (in Million USD), 2019 & 2024

Figure 22: Global: Oil Country Tubular Goods (API Grade) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 23: Global: Oil Country Tubular Goods (Premium Grade) Market: Sales Value (in Million USD), 2019 & 2024

Figure 24: Global: Oil Country Tubular Goods (Premium Grade) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 25: Global: Oil Country Tubular Goods (Onshore) Market: Sales Value (in Million USD), 2019 & 2024

Figure 26: Global: Oil Country Tubular Goods (Onshore) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 27: Global: Oil Country Tubular Goods (Offshore) Market: Sales Value (in Million USD), 2019 & 2024

Figure 28: Global: Oil Country Tubular Goods (Offshore) Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 29: North America: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 30: North America: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 31: United States: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 32: United States: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 33: Canada: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 34: Canada: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 35: Asia-Pacific: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 36: Asia-Pacific: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 37: China: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 38: China: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 39: Japan: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 40: Japan: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 41: India: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 42: India: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 43: South Korea: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 44: South Korea: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 45: Australia: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 46: Australia: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 47: Indonesia: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 48: Indonesia: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 49: Others: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 50: Others: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 51: Europe: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 52: Europe: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 53: Germany: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 54: Germany: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 55: France: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 56: France: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 57: United Kingdom: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 58: United Kingdom: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 59: Italy: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 60: Italy: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 61: Spain: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 62: Spain: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 63: Russia: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 64: Russia: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 65: Others: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 66: Others: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 67: Latin America: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 68: Latin America: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 69: Brazil: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 70: Brazil: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 71: Mexico: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 72: Mexico: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 73: Others: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 74: Others: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 75: Middle East and Africa: Oil Country Tubular Goods Market: Sales Value (in Million USD), 2019 & 2024

Figure 76: Middle East and Africa: Oil Country Tubular Goods Market: Breakup by Country (in %), 2024

Figure 77: Middle East and Africa: Oil Country Tubular Goods Market Forecast: Sales Value (in Million USD), 2025-2033

Figure 78: Global: Oil Country Tubular Goods Industry: SWOT Analysis

Figure 79: Global: Oil Country Tubular Goods Industry: Value Chain Analysis

Figure 80: Global: Oil Country Tubular Goods Industry: Porter’s Five Forces Analysis