Oil & Gas Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Casing - OCTG
Overview
Market size
$18.5B
global, USD
CAGR
5.3%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
4 high severity
Market outlook
2031$24.0B
What changed
Demand by region
North America demand35%
Middle East & Africa demand25%
Asia Pacific demand20%
Latin America demand10%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Raw Materials Steel Alloys and Iron Ore45%
Energy and Mill Processing25%
Inbound and Outbound Logistics15%
Labor and Manufacturing Overhead15%
share of delivered cost (analyst estimate)