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Major Players in Oil Country Tubular Goods (OCTG) Market are:
Oil Country Tubular Goods (OCTG) Market By applications :
Oil Country Tubular Goods (OCTG) Market By Types:
Short Description About Oil Country Tubular Goods (OCTG) Market:
OCTG is the abbreviation of oil country tubular goods, also known as oil well pipe in China. It refers to a kind of steel pipe specially used for oil and gas exploitation, most of which are seamless, but welded pipe also accounts for a considerable proportion. It can be divided into four categories: oil pipe, casing pipe, drill pipe and pipeline pipe.
According to the material and properties of the steel pipe, the oil well pipe is divided into different steel grades. Different steel grades represent different metal elements composition, process requirements and corresponding performance conditions. According to the chemical composition, tensile properties, yield strength and hardness requirements, oil well pipes are generally divided into four groups according to API classification method, with 11 steel grades and 19 specifications. According to the different yield strength and properties of products, there are low and medium grade steel and high grade oil well pipe.
In addition to API, there are some non API oil well pipes, which are mainly for steel grade. The appearance of non API grade steel is due to the situation of ultra deep well, high temperature and high temperature and different corrosion composition with the exploration and exploitation of oil and gas. The oil well pipe and steel pipe production enterprises must adjust the metal element composition in the pipe body or adopt different processing methods to treat the steel pipe, so as to meet the performance requirements of different environments.
In terms of product types, OCTG can be generally divided into Casing, Tubing and others. In 2019, the market share of OCTG(Tubing) is the largest, accounting for about 78%.
In terms of product application, OCTG can be mainly used on Onshore and Offshore, among which, in 2019, the application in the field of Onshore accounts for the largest proportion, about 67%.
Market Analysis and Insights: Global Oil Country Tubular Goods (OCTG) Market
In 2020, the global Oil Country Tubular Goods (OCTG) market size was USD 13310 million and it is expected to reach USD 20120 million by the end of 2027, with a CAGR of 6.1% during 2021-2027.
Global Oil Country Tubular Goods (OCTG) Scope and Market Size
Oil Country Tubular Goods (OCTG) market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Oil Country Tubular Goods (OCTG) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
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