Oil & Gas Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Tubing - OCTG
Overview
Market size
$9.8B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.1
supplier-favoured
Suppliers
6
tracked players
Signals
11
2 high severity
Market outlook
2031$12.0B
What changed
Demand by region
North America demand42%
Asia Pacific demand28%
Europe and Central Asia demand15%
Middle East and Africa demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Hot Rolled Coil and Steel Billet Feedstocks45%
Energy and Heat Treatment Manufacturing Costs20%
Conversion Premium and Threading Labor15%
Inbound and Outbound Logistics and Freight12%
Compliance, Inspection, and Testing Overhead8%
share of delivered cost (analyst estimate)