Hydrocarbons & Petroleum Products

Oil & Gas Casing & Tubing: Market Size, Growth & Forecast to 2030

The Oil & Gas Casing & Tubing market is valued at about $13.3 billion (2026) and is projected to grow at a 4.8% CAGR through 2030. The largest cost driver is Raw Steel and Iron Ore Inputs (45% of spend). North America leads demand at 40%.

Market size
$13.3 bn (2026)
CAGR to 2030
+4.8%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.8% CAGR.

1261181091001002026104.82027109.82028115.12029120.62030126.42031

Cost structure

Raw Steel and Iron Ore Inputs
45%
Energy and Manufacturing Conversion
25%
Inbound and Outbound Logistics
15%
Threading and Finishing Labor
10%
Compliance and Quality Overhead
5%

Regional demand split

North America demand
40%
Middle East and Africa demand
25%
Asia Pacific demand
15%
Latin America demand
12%
Rest of world demand
8%

Key suppliers

Tenaris S.A.Vallourec S.A.United States Steel CorporationTMK GroupNippon Steel CorporationJFE Steel Corporation
Read the full Oil & Gas Casing & Tubing report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/oil-gas-casing-tubing