Oil Country Tubular Goods Industry - Regional Synopsis
North America industry is estimated to dominate majority revenue share by 2037, propelled by high demand for crude oil, along with high production of petroleum products, backed by presence of large number of oil reserves in the region.
The oil country tubular goods market in the Middle East and Africa region is estimated to witness notable growth over the forecast period, owing to the large number of oil reserves, increasing international trade of crude oil, along with investment from western countries.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of oil country tubular goods is estimated at USD 25.03 billion.
Oil Country Tubular Goods Market size was valued at USD 23.55 billion in 2024 and is likely to cross USD 59.57 billion by 2037, registering more than 7.4% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to dominate majority revenue share by 2037, propelled by high demand for crude oil, along with high production of petroleum products, backed by presence of large number of oil reserves in the region.
The major players in the market are JFE Steel Corporation, TMK Group, NOV Inc., United States Steel Corporation, Weatherford International plc, Vallourec, and others.
