The global OCTG market was valued to be 11,860 million USD in 2020. The OCTG production value is anticipated to have growth with a CAGR of 7.4% in the coming years to reach 18,148 million USD in 2026.

                                                                 

  

Vallourec is the largest manufacturer of OCTG in the world, it has a market share of 19.44% in value. The Group targets four key areas: geothermal energy (in order to grow this activity which is already part of Vallourec’s offering); offshore wind (notably focused on a wind turbine anchor solution, which is currently in the prototype stage, related jacket structures, lattice structures for jackets and vessels for the installation of offshore wind turbines); the capture, storage and utilization of carbon (CCUS); and hydrogen.

Tenaris is the second-largest manufacturer of OCTG in the world, it has a market share of 19.09% in value. Tenaris has one major business segment, “Tubes”, The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly OCTG used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.

TMK is the third-largest manufacturer of OCTG in the world, it has a market share of 14.38% in value. ТМК is a global supplier of steel pipes, pipe solutions and related services for the oil and gas industry, and counts as one of the world’s leading pipe producers.

CNPC Baoji is the fourth largest manufacturer of OCTG in the world, it has a market share of 5.91% in value. CNPC Baoji has been the first-class national enterprise integrating with scientific research, pipe manufacturing, pipe coating and casing machining and manufacturing of welding wire, welding flux, coating materials for the welded pipe.