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市場調查報告書
商品編碼
1846065

全球輸油管市場規模:依產品、製程、應用、地區及預測

Global Oil Country Tubular Goods Market Size By Product, By Process (Electric Resistance Welded Process, High-Frequency Induction Welding), By Application, By Geographic Scope And Forecast

出版日期: | 出版商: Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格
簡介目錄

輸油管市場規模及預測

2024 年輸油管產品市場規模為 210.8 億美元,預計 2031 年將達到 370.5 億美元,2024 年至 2031 年的複合年成長率為 7.30%。

油氣管材 (OCTG) 是一種軋延金屬產品,指用於油氣探勘和生產的管材。這些產品包括鑽桿、套管和油管,是鑽井、穩定和從油井中提取碳氫化合物所必需的。 輸油管可以提高井筒完整性,防止崩壞,並在油氣生產過程中實現高效的流體輸送。 輸油管的品質和強度對於承受鑽井作業過程中遇到的嚴酷壓力、溫度和腐蝕條件至關重要。

隨著頁岩氣和緻密油等傳統型油氣開採技術的持續興起,輸油管的前景一片光明。水平鑽井和水力壓裂需要使用現代化、長壽命的油管產品。

高強度鋼合金和耐腐蝕塗層等材料的進步預計將增加對新型輸油管的需求。隨著對能源效率、永續性和進一步海上探勘的日益重視,輸油管將在確保未來數年安全且經濟高效的能源生產方面發揮關鍵作用。

全球輸油管市場動態

影響全球輸油管市場的關鍵市場動態是:

主要市場促進因素:

全球能源需求和油氣探勘活動不斷成長:全球能源消耗的不斷成長推動了油氣探勘的增加,進而推動了對輸油管產品的需求成長。根據美國能源資訊署 (EIA) 的數據,預計 2020 年至 2050 年間,全球能源消費量將成長 50% 以上,其中大部分成長來自經濟合作暨發展組織(OECD) 以外的國家。 EIA 預測,全球石油和其他液體燃料的使用量將從 2020 年的每天 9,800 萬桶增加到 2050 年的每天 1.25 億桶。

鑽井技術的進步:鑽井技術的進步,尤其是水力壓裂和水平鑽井等傳統型油氣開採方法的發展,正在推動對高品質輸油管產品的需求。根據美國地質調查局的數據,2019年,水力壓裂水平井占美國新鑽油氣井的75%,貢獻了約63%的原油總產量和75%的天然氣產量。

海上油氣開發的成長:海上鑽井,尤其是向深水和超深水區域的轉變,正在推動對專用輸油管技術的需求。根據國際能源總署 (IEA) 的數據,預計到 2040 年,海上石油產量將佔全球石油產量的 30%。 IEA 的數據顯示,2019 年,海上油田生產了全球 30% 的石油和 27% 的天然氣,其中深水油田產量從 2000 年的 2% 上升到 2019 年的 23%。

主要挑戰

油價波動:輸油管(OCTG) 市場對原油價格波動高度敏感。原油價格下跌時,探勘和鑽井活動放緩,導致對輸油管產品的需求減少。反之,油價上漲則會刺激需求。原油價格的不可預測性是製造商和供應商的焦點。當油價低迷時,企業可能不願意承接新計畫,導致輸油管產品訂單減少。這種週期性模式會影響該產業的長期規劃和對新技術的投資。

供應鏈中斷:全球供應鏈困境,加上新冠疫情和地緣政治緊張局勢等因素的加劇,嚴重影響輸油管市場。鋼材等原料供應延遲,加上運輸瓶頸,導致生產成本上升和交貨時間延遲。製造商往往難以按時交貨,限制了供給能力輸油管產品的能力。這些中斷進一步擠壓了利潤率,並為供應商和終端用戶帶來了不確定性。

環境法規:日益嚴格的碳排放和廢棄物管理環境法規對輸油管業務構成挑戰。世界各國政府正在製定更嚴格的法規,以減少石油開採和鑽井對環境的影響。遵守這些法規通常需要在環保技術方面進行額外投資,這會增加成本。

主要趨勢:

轉向頁岩氣開發:頁岩氣開發的增加(主要在美國和加拿大部分地區)是輸油管市場的主要驅動力。頁岩地層需要大量鑽井,這些鑽井通常為水平鑽井,從而推動了對輸油管產品的需求。水力壓裂和水平鑽井作業需要高品質、耐腐蝕的管狀部件。隨著越來越多的國家探勘頁岩資源以減少對能源的依賴,對能夠承受此類作業獨特挑戰的輸油管技術的需求也在不斷成長,從而推動了行業成長。

海上鑽井活動增加:海上鑽井日益普及,尤其是在深水和超深水環境中,必然需要使用專用輸油管產品。深水鑽井計劃資金密集,需要能夠承受高壓高溫條件的長壽命、高性能管材。巴西、西非和墨西哥灣新發現的海上油田推動了對輸油管的需求,以支持探勘和生產活動。隨著海上鑽井的擴張,對優質鋼管產品的需求也在成長,從而推動了市場的發展。

輸油管材料的創新:材料科學的進步正在生產更堅固、更耐腐蝕的管材產品。新型金屬和製造流程正在提升輸油管產品的性能和耐用性,尤其是在深水鑽井和頁岩地層等惡劣環境下。這些改進使石油公司能夠更有效率、更安全地營運,從而增加了對高品質輸油管產品的需求。隨著石油業面臨日益嚴峻的鑽井條件,採用先進輸油管技術的公司正在獲得競爭優勢,並推動市場對這些新材料的需求。

目錄

第1章 引言

  • 市場定義
  • 市場區隔
  • 調查方法

第2章執行摘要

  • 主要發現
  • 市場概況
  • 市場亮點

第3章 市場概況

  • 市場規模和成長潛力
  • 市場趨勢
  • 市場促進因素
  • 市場限制
  • 市場機遇
  • 波特五力分析

第4章輸油管產品市場(依產品類型)

  • 套管
  • 管子
  • 鑽桿

第5章輸油管市場(依材料類型)

  • 碳鋼
  • 合金鋼
  • 不銹鋼

第6章輸油管市場:依應用

  • 土地
  • 海上

第7章區域分析

  • 北美洲
  • 美國
  • 加拿大
  • 墨西哥
  • 歐洲
  • 英國
  • 德國
  • 法國
  • 義大利
  • 亞太地區
  • 中國
  • 日本
  • 印度
  • 澳洲
  • 拉丁美洲
  • 巴西
  • 阿根廷
  • 智利
  • 中東和非洲
  • 南非
  • 沙烏地阿拉伯
  • 阿拉伯聯合大公國

第8章市場動態

  • 市場促進因素
  • 市場限制
  • 市場機遇
  • COVID-19 市場影響

第9章 競爭態勢

  • 主要企業
  • 市佔率分析

第10章:公司簡介

  • China National Petroleum Corporation(China)
  • NSSMC(Japan)
  • Evraz PLC(Russia)
  • Sumitomo Corporation(Japan)
  • Marubeni Corporation(Japan)
  • Schlumberger Limited(US)
  • Tenaris SA(Argentina)
  • Halliburton Company(US)
  • Baker Hughes Company(US)

第11章 市場展望與機遇

  • 新興技術
  • 未來市場趨勢
  • 投資機會

第12章 附錄

  • 簡稱列表
  • 來源和參考文獻
簡介目錄
Product Code: 141664

Oil Country Tubular Goods Market Size And Forecast

Oil Country Tubular Goods Market size was valued at USD 21.08 Billion in 2024 and is projected to reach USD 37.05 Billion by 2031, growing at a CAGR of 7.30% from 2024 to 2031.

Oil Country Tubular Goods (OCTG) is a type of rolled metal product, specifically pipes and tubes, used in the exploration and production of oil and gas. These products include drill pipes, casing pipes, and tubing, which are required for drilling, stabilizing, and extracting hydrocarbons from wells. OCTG promotes well integrity, prevents collapse, and allows for efficient fluid transfer during oil and gas production. The quality and strength of OCTG are important for enduring the severe pressures, temperatures, and corrosive conditions experienced during drilling operations.

The future of the OCTG appears upbeat thanks to the continued rise of unconventional oil and gas extraction techniques such as shale gas and tight oil production. Horizontal drilling and hydraulic fracturing need the use of modern, long-lasting tubular products.

Advances in materials, such as high-strength steel alloys and corrosion-resistant coatings, will increase demand for new OCTGs. With an increased emphasis on energy efficiency, sustainability, and further offshore exploration, OCTG will play a critical role in guaranteeing safe and cost-effective energy production in the coming years.

Global Oil Country Tubular Goods Market Dynamics

The key market dynamics that are shaping the global oil country tubular goods market include:

Key Market Drivers:

Increasing Global Energy Demand and Oil & Gas Exploration Activities: Rising global energy consumption is driving more oil and gas exploration, which in turn increases demand for OCTG products. According to the United States Energy Information Administration (EIA), worldwide energy consumption is expected to rise by over 50% between 2020 and 2050, with most of the increase coming from nations outside the Organization for Economic Cooperation and Development (OECD). The EIA predicts that global petroleum and other liquid fuel use will increase to 125 million barrels per day by 2050, up from 98 million barrels per day in 2020.

Technological Advancements in Drilling Techniques: The development of improved drilling technology, notably in unconventional oil and gas extraction methods such as hydraulic fracturing and horizontal drilling, is driving up demand for high-quality OCTG products. According to the United States Geological Survey, hydraulically fractured horizontal wells accounted for 75% of all new oil and gas wells drilled in the United States in 2019, contributing approximately 63% of total crude oil output and 75% of natural gas production.

Growing Offshore Oil and Gas Exploration: The transition to offshore drilling, particularly in deep and ultra-deepwater regions, is driving up demand for specialized OCTG technologies. According to the International Energy Agency (IEA), offshore oil production is projected to account for 30% of world oil production by 2040. According to the IEA, offshore fields produced 30% of world oil and 27% of gas in 2019, with deepwater production increasing from 2% in 2000 to 23% in 2019.

Key Challenges:

Fluctuating Crude Oil Prices: The Oil Country Tubular Goods (OCTG) market is significantly influenced by crude oil price fluctuations. When oil prices fall, exploration and drilling activity slow, lowering demand for OCTG products. Conversely, high prices might promote demand. The unpredictability of oil prices causes concern for manufacturers and suppliers. Companies are sometimes unwilling to engage in new projects when prices are low, resulting in fewer orders for OCTG products. This cyclical pattern has an impact on long-term planning and investment in new technology in the sector.

Supply Chain Disruptions: Global supply chain difficulties, worsened by causes like the COVID-19 epidemic and geopolitical tensions, have had a substantial impact on the OCTG market. Delays in the availability of raw materials such as steel, combined with transportation bottlenecks, have resulted in higher production costs and late deliveries. Manufacturers frequently struggle to meet deadlines, limiting their capacity to provide OCTG products to oil and gas industries. These disruptions put further pressure on profit margins and cause uncertainty for both suppliers and end users.

Environmental Regulations: Increasing environmental rules governing carbon emissions and waste management present challenges for the OCTG business. Governments throughout the world are enacting stronger regulations to reduce the environmental impact of oil extraction and drilling. Compliance with these requirements frequently necessitates additional expenditures in greener technologies, which raises expenses.

Key Trends:

Shift Toward Shale Gas Exploration: The increase in shale gas development, mainly in the United States and parts of Canada, is a significant driver of the OCTG market. Shale formations necessitate a significant number of wells, which are frequently bored horizontally, raising the demand for OCTG products. Hydraulic fracturing and horizontal drilling activities require high-quality, corrosion-resistant tubular components. As more countries explore shale resources to reduce energy dependency, there is a greater demand for OCTG technologies that can endure the specific challenges of these operations, propelling industry growth.

Increasing Offshore Drilling Activities: Offshore drilling is becoming more common, particularly in deepwater and ultra-deepwater environments, necessitating the use of specialized OCTG products. Deepwater projects are capital-intensive and require long-lasting, high-performance tubular goods to withstand high-pressure and high-temperature conditions. The discovery of new offshore oil fields in Brazil, West Africa, and the Gulf of Mexico has increased the demand for OCTG to support exploration and production activities. As offshore drilling expands, so does demand for premium-grade tubular products, boosting the market.

Technological Innovations in OCTG Materials: Material science advancements have resulted in the production of stronger, corrosion-resistant tubular items. New metals and manufacturing procedures enhance the performance and endurance of OCTG products, especially in harsh settings like deepwater drilling and shale formations. These improvements enable oil firms to operate more efficiently and safely, increasing demand for high-quality OCTG products. As the industry faces increasingly challenging drilling conditions, companies that use advanced OCTG technologies have a competitive advantage, driving market demand for these novel materials.

Global Oil Country Tubular Goods Market Regional Analysis

Here is a more detailed regional analysis of the global oil country tubular goods market:

North America:

The North American oil country tubular goods (OCTG) market, is the dominant region due to its huge oil and gas deposits, particularly in shale formations. The US Energy Information Administration (EIA) reports that US crude oil output peaked at 12.3 million barrels per day in 2019, with estimates projecting a return to these levels by 2023 following pandemic-related disruptions. As of September 2023, the Baker Hughes Rig Count reported 641 operating oil rigs in the United States, up from 591 the previous year, indicating a strong recovery and rising demand for OCTG products. Furthermore, the US Department of Energy expects natural gas production to exceed 100 billion cubic feet per day by 2025, increasing OCTG demand.

The return in drilling activity caused by high oil and gas production levels demands a consistent supply of OCTG products to support exploration and extraction efforts. Scientific breakthroughs in drilling and materials science, as stated by the US Department of Energy's National Energy Technology Laboratory, have improved the durability and performance of OCTGs. Over the last decade, these advances have boosted the average lifespan of good tubing by 30%, driving up demand even further. The oil and gas industry's large contribution to U.S. employment, as stated by the American Petroleum Institute, highlights the sector's importance to the OCTG market, pushing further investment and expansion.

Asia-Pacific:

The Asia Pacific Oil Country Tubular Goods (OCTG) market is rapidly expanding, driven by growing industrialization, urbanization, and rising energy consumption throughout the area. China is a big contributor to this expansion, with crude oil production expected to reach 199.3 million tonnes in 2022, a 2.9% rise from the previous year. India's Directorate General of Hydrocarbons expects the country's oil and gas production to triple by 2030, greatly increasing OCTG demand. Southeast Asian countries, like Indonesia, are also contributing to market growth. Indonesia's Ministry of Energy and Mineral Resources intends to raise oil production to 1 million barrels per day by 2030, up from around 700,000 barrels per day now, significantly driving OCTG use.

Rapid industrialization and urbanization in the Asia Pacific are driving up energy consumption and, as a result, increasing demand for OCTG products to support substantial oil and gas exploration and production activities. Government policies in several countries also encourage oil and gas exploration, hence increasing the need for OCTG. Drilling technology developments, with investments estimated to increase by 35% between 2020 and 2025, are boosting demand for enhanced OCTG that can resist harsh circumstances. The combination of increased production targets, supportive legislation, and technological innovation creates a dynamic environment for the regional OCTG market.

Global Oil Country Tubular Goods Market: Segmentation Analysis

The Global Oil Country Tubular Goods Market is Segmented on the basis of Product, Process, Application, And Geography.

Oil Country Tubular Goods Market, By Product

Casing

Tubing

Drill Pipe

Based on Product, the market is fragmented into Casing, Tubing, and Drill Pipe. Casing, which is used to line boreholes and prevent collapse, is dominating due to increased drilling and exploration in both conventional and unconventional oil and gas areas. This demand is motivated by the need for consistent well integrity and safety. Drill Pipe, which is critical for drilling operations and transferring drilling fluids, is also rapidly growing as drilling techniques progress and exploration and production activities increase in deeper and more demanding regions. Both segments are critical to addressing the world's growing energy demands, and they are benefiting from technologies that improve efficiency and performance in the oil and gas industry.

Oil Country Tubular Goods Market, By Process

Electric Resistance Welded (ERW) Process

High-Frequency Induction (HFI) Welding

Based on Process, the market is divided into Electric Resistance Welded (ERW) Process, and High-Frequency Induction (HFI) Welding. The ERW Process is dominating due to its low cost and fast production speed, making it perfect for producing long, seamless tubes of constant quality for a variety of applications. This technology is very popular for creating casing and tubing used in conventional oil and gas extraction. HFI Welding, on the other hand, is rapidly growing because it provides higher strength and reliability, both of which are crucial in deep-well applications and high-pressure settings. HFI welding is becoming increasingly popular for more difficult drilling situations due to its ability to produce strong, high-quality joints that can endure intense operational loads. Both processes are critical for satisfying the increasing needs of the global oil and gas industry.

Oil Country Tubular Goods Market, By Application

Onshore Drilling

Offshore Drilling

Based on Application, the market is segmented into Onshore Drilling, Offshore Drilling. Onshore drilling is currently the leading category due to lower operational costs and a large supply of land-based reserves. This sector benefits from established infrastructure and a lower entrance barrier than offshore drilling. However, offshore drilling is a rapidly rising area that is becoming increasingly essential as new deposits are discovered in deepwater and ultra-deepwater regions. Technological breakthroughs and increased investment in offshore exploration are driving this expansion, making it an important area for the future of global oil and gas production. Both uses are critical to satisfying the diversified needs of the energy industry, with offshore drilling being especially important for reaching new and problematic reserves.

Oil Country Tubular Goods Market, By Geography

North America

Europe

Asia Pacific

Rest of the world

On the basis of geographical analysis, the Global Oil Country Tubular Goods Market is classified into North America, Europe, Asia Pacific, and rest of the world. North America has historically dominated the Oil Country Tubular Goods (OCTG) market, thanks to its vast oil and gas deposits and well-developed infrastructure. However, the Asia Pacific region is currently witnessing the highest development, due to increased industrialization, urbanization, and rising energy demand.

Key Players

The "Global Oil Country Tubular Goods Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Tenaris S.A., Vallourec S.A., TMK Group, Nippon Steel Corporation, ArcelorMittal, National Oilwell Varco (NOV), JFE Steel Corporation, U.S. Steel Tubular Products, TPCO Enterprise, Inc., and Hunting PLC.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

  • Oil Country Tubular Goods Market Recent Developments
  • In November 2023, Nippon Steel Corporation acquired EcoLeaf Environmental Product Declarations for three types of high-alloy OCTG and line pipe products through the Japan EPD Program, which is run by the Sustainable Management Promotion Organization. These are the first EPDs for stainless steel objects made in Japan.
  • In March 2023, ArcelorMittal completed the acquisition of CSP in Brazil. The acquisition provides considerable operational and financial synergies, as well as the opportunity for future expansions, such as the addition of primary steelmaking capacity (including direct reduction iron) and rolling and finishing capacity.
  • In February 2022, NOV Inc. acquired AFGlobal's Advanced Drilling Systems to offer comprehensive Managed Pressure Drilling solutions.

TABLE OF CONTENTS

1. Introduction

  • Market Definition
  • Market Segmentation
  • Research Methodology

2. Executive Summary

  • Key Findings
  • Market Overview
  • Market Highlights

3. Market Overview

  • Market Size and Growth Potential
  • Market Trends
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Porter's Five Forces Analysis

4. Oil Country Tubular Goods Market, By Product Type

  • Casing
  • Tubing
  • Drill Pipes

5. Oil Country Tubular Goods Market, By Material Type

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel

6. Oil Country Tubular Goods Market, By Applications

  • Onshore
  • Offshore

7. Regional Analysis

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Latin America
  • Brazil
  • Argentina
  • Chile
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE

8. Market Dynamics

  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Impact of COVID-19 on the Market

9. Competitive Landscape

  • Key Players
  • Market Share Analysis

10. Company Profiles

  • China National Petroleum Corporation (China)
  • NSSMC (Japan)
  • Evraz PLC (Russia)
  • Sumitomo Corporation (Japan)
  • Marubeni Corporation (Japan)
  • Schlumberger Limited (US)
  • Tenaris S.A. (Argentina)
  • Halliburton Company (US)
  • Baker Hughes Company (US)

11. Market Outlook and Opportunities

  • Emerging Technologies
  • Future Market Trends
  • Investment Opportunities

12. Appendix

  • List of Abbreviations
  • Sources and References