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Oil Country Tubular Goods Market Trends

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Report ID: 3234
Published Date: Sep 18, 2024
Report Format: PDF, PPT

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Oil Country Tubular Goods Market Trends

Growth Drivers

Increasing Demand for Oil and Gas
Rising Exploration and Production Activities in The Energy and Power Industry

Challenges

Fluctuating Prices of Crude Oil
Constantly Depleting Oil Reserves

Oil Country Tubular Goods Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	7.4%
Base Year Market Size (2023)	USD 21.93 billion
Forecast Year Market Size (2036)	USD 55.47 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Oil Country Tubular Goods Market Size & Share | Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3234
Published Date: Sep 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of oil country tubular goods is evaluated at USD 23.23 billion.

Oil Country Tubular Goods Market size was over USD 21.93 billion in 2023 and is expected to exceed USD 55.47 billion by the end of 2036, growing at over 7.4% CAGR during the forecast period i.e., between 2024-2036. Growing demand for oil and gas, and increasing production activities in the energy and power industry will propel the market growth.

North America industry is anticipated to account for largest revenue share by 2036, 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.

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