Trends, Opportunities and Competitive Analysis of the Oil Country Tubular Goods Market

Trends, opportunities and forecast in this market to 2020 by product type (seamless pipes, welded pipes, others), metal grades type (API standard pipes, premium pipes), and region (North America, Europe, Asia Pacific and Rest of the World)

Publisher: Lucintel Published: June 2015
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Trends, Opportunities and Competitive Analysis of the Oil Country Tubular Goods Market

Report Feature

Global octg market is expected to grow at a CAGR of 3.7% over the next five years from 2015 to 2020. The major drivers of this market are increasing oil and gas drilling activities, increasing oil wells per rig, and growing shale gas exploration activities. Increasing investment in unconventional oil and gas sources increases

drilling activities, which drives the oil country tubular goods market. North America has been the top region in terms of total oil country tubular goods market, whereas Rest of the World (ROW) showed the highest CAGR from 2009 to 2014 due to a rapidly increasing demand in the Middle East and Latin America.

Some of the important

emerging trends which have a direct impact on the dynamics of the octg industry include growing consumption of premium pipes and advent of technologically advanced pipes.


A total of 87 figures / charts and 14 tables are provided in this 147-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the octg market report, download the report brochure.
Oil Country Tubular Goods Industry TrendOil Country Tubular Goods Industry ForecastGrowth Opportunities in Oil Country Tubular Goods Industry
The study also includes octg market size and forecast for global octg market through 2020 by value ($B) and volume (M T) segment breakdown by region, product, and metal grade type as follows:
 
Octg market by region:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World 
Octg market by product type: 
  • Seamless Pipes 
  • Welded Pipes 
  • Others
Octg market by metal grades type: 
  • API Standard Pipes 
  • Premium Pipes 
Octg companies profiled in this market report include Tenaris SA, Vallourec SA, OAO TMK, National Oilwell Varco Inc., and United States Steel Corp. are some of the major industry players. The industry players are opting for M& A, innovation and new product development as well as expansion for growing their business.

On the basis of its comprehensive research, Lucintel forecasts that the welded pipe segment in the North American region is expected to have the highest growth rate in the forecast period due to the active participation of companies, as they are focusing on cost cutting strategies in production of oil and gas. The others pipe segment, which includes FRP pipes, is expected to show the highest growth potential during the forecast period. With an increase in new exploration of oil wells from unconventional sources, the demand of the seamless pipe segment is also expected to increase. APAC and ROW regions are expected to depict above average growth during the forecast period due to strong growth in exploration and production of oil and gas.
 
Some of the features of this report:
  • Market size estimates: Global octg market size estimation in terms of volume (MT) and value ($B) shipment.
  • Trend and forecast analysis: Global octg market trend (2009-2014) and forecast (2015-2020) by regions and by segments.
  • Segmentation analysis: Global octg market size by various product types such as seamless pipes, welded pipes and others both in terms of volume and value shipment.
  • Regional analysis: Global octg market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of octg market.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of octg suppliers.
  • Emerging applications: Emerging applications of global oil country tubular goods in various markets. 
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary
6. Company Profiles of Leading Players

List of Figures

Figure 3.1: Global oil and gas pipe market ($B, %) by product in 2014 Figure 3.2: Global oil country tubular goods market ($B, %) by product in 2014 Figure 3.3: Global oil country tubular goods market distribution (Million Tons, %) by product in 2014 Figure 3.4: Global oil country tubular goods market ($B) by grade in 2014 Figure 3.5: Global oil country tubular goods market distribution (%) by region in 2014 Figure 3.6: Trend of global GDP growth rate Figure 3.7: Trend of global population growth rate Figure 3.8: Trend of global inflation rate Figure 3.9: Trend of global unemployment rate Figure 3.10: Trend of regional GDP growth rate Figure 3.11: Trend of regional population growth rate Figure 3.12: Trend of regional inflation rate Figure 3.13: Trend of regional unemployment rate Figure 3.14: Trend of global and regional per capita income Figure 3.15: Trend of regional oil and gas production Figure 3.16: Global oil country tubular goods market growth trend by value ($B) and volume (Million Tons) from 2009 to 2014 Figure 3.17: Trend of global oil country tubular goods market segments ($B) by value from 2009 to 2014 Figure 3.18: Growth of global oil country tubular goods market segments by value from 2013 to 2014 Figure 3.19: CAGR of global oil country tubular goods market segments by value from 2009 to 2014 Figure 3.20: North American oil country tubular goods market trend by value ($B) and volume (Million Tons) from 2009 to 2014 Figure 3.21: Trend of North American oil country tubular goods market segments by value ($B) from 2009 to 2014 Figure 3.22: Growth of North American oil country tubular goods market segments by value from 2013 to 2014 Figure 3.23: CAGR of North American oil country tubular goods market segments by value from 2009 to 2014 Figure 3.24: European oil country tubular goods market trend by value ($B) and volume (MT) from 2009 to 2014 Figure 3.25: Trend of European oil country tubular goods market segments by value ($B) from 2009 to 2014 Figure 3.26: Growth of European oil country tubular goods market segments by value from 2013 to 2014 Figure 3.27: CAGR of European oil country tubular goods market segments by value from 2009 to 2014 Figure 3.28: APAC oil country tubular goods market trend by value ($B) and volume (Million Tons) from 2009 to 2014 Figure 3.29: Trend of APAC oil country tubular goods market segments by value ($B) from 2009 to 2014 Figure 3.30: Growth of APAC oil country tubular goods market segments by value from 2013 to 2014 Figure 3.31: CAGR of APAC oil country tubular goods market segments by value from 2009 to 2014 Figure 3.32: ROW oil country tubular goods market trend by value ($B) and volume (Million Tons) from 2009 to 2014 Figure 3.33: Trend of ROW oil country tubular goods market segments by value ($B) from 2009 to 2014 Figure 3.34: Growth of ROW oil country tubular goods market segments by value from 2013 to 2014 Figure 3.35: CAGR of ROW oil country tubular goods market segments by value from 2009 to 2014 Figure 3.36: Drivers and challenges of global oil country tubular goods market Figure 3.37: Forecast of global GDP growth rate Figure 3.38: Forecast of global population growth rate Figure 3.39: Forecast of global inflation rate Figure 3.40: Forecast of global unemployment rate Figure 3.41: Forecast of regional GDP growth rate Figure 3.42: Forecast of regional population growth rate Figure 3.43: Forecast of regional inflation rate Figure 3.44: Forecast of regional unemployment rate Figure 3.45: Forecast of global and regional per capita income Figure 3.46: Forecast of regional oil and gas production growth rate Figure 3.47: Global oil country tubular goods market forecast by value and volume from 2015 to 2020 Figure 3.48: Forecast for global oil country tubular goods market segments by value from 2015 to 2020 Figure 3.49: Growth forecast in global oil country tubular goods market segments by value from 2014 to 2015 Figure 3.50: CAGR forecast in global oil country tubular goods market segments by value from 2015 to 2020 Figure 3.51: Forecast for global oil country tubular goods market (Million Tons) by grades in terms of volume from 2015 to 2020 Figure 3.52: North American oil country tubular goods market forecast by value and volume from 2015 to 2020 Figure 3.53: Forecast for North American oil country tubular goods market segments by value from 2015 to 2020 Figure 3.54: Growth forecast in North American oil country tubular goods market segments by value from 2014 to 2015 Figure 3.55: CAGR forecast in North American oil country tubular goods market segments by value from 2015 to 2020 Figure 3.56: European oil country tubular goods market forecast by value and volume from 2015 to 2020 Figure 3.57: Forecast for European oil country tubular goods market segments by value from 2015 to 2020 Figure 3.58: Growth forecast in European oil country tubular goods market segments by value from 2014 to 2015 Figure 3.59: CAGR forecast in European oil country tubular goods market segments by value from 2015 to 2020 Figure 3.60: APAC oil country tubular goods market forecast by value and volume from 2015 to 2020 Figure 3.61: Forecast for APAC oil country tubular goods market segments by value from 2015 to 2020 Figure 3.62: Growth forecast in APAC oil country tubular goods market segments by value from 2014 to 2015 Figure 3.63: CAGR forecast in APAC oil country tubular goods market segments by value from 2015 to 2020 Figure 3.64: ROW oil country tubular goods market forecast by value and volume from 2015 to 2020 Figure 3.65: Forecast for ROW oil country tubular goods market segments by value from 2015 to 2020 Figure 3.66: Growth forecast in ROW oil country tubular goods market segments by value from 2014 to 2015 Figure 3.67: CAGR forecast in ROW oil country tubular goods market segments by value from 2015 to 2020

List of Tables

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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