South America Oil Country Tubular Goods Market Size and Forecast 2021 - 2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Process, Product, Application, and Geography

Description

List of Tables

The South America Oil Country Tubular Goods market size was valued at US$ 3.13 billion in 2024 and is expected to reach US$ 4.72 billion by 2031; it is estimated to record a CAGR of 6.1% from 2025 to 2031.

The South America oil country tubular goods market is poised for sustained growth, underpinned by significant expansion in the region's refining and upstream oil and gas sectors. Capital expenditure at major blocks such as La Calera is projected to exceed US$ 9 billion through 2027, which includes the development of infrastructure such as treatment facilities and crude dispatch pipelines. Meanwhile, in Colombia, Canada's NG Energy is accelerating gas development at the Sinu-9 and Maria Conchita blocks, with plans for multiple new wells and pipeline installations. These upstream activities are expected to significantly contribute to regional OCTG consumption through 2025 and beyond. As Suriname advances its offshore energy expansion, the national oil company Staatsolie is simultaneously intensifying efforts to bolster onshore crude production, which presents new opportunities for the oil country tubular goods (OCTG) market. Focus has shifted to the coastal blocks of Coronie and Uitkijk, strategically located adjacent to Staatsolie's existing producing areas-Calcutta and Tambaredjo. This targeted exploration initiative aims to identify at least 10 million barrels (Mb) of proven reserves beyond the current field boundaries, ensuring the sustainability of the country's annual production target of 6 million barrels. The success of this campaign could extend the operational life of Suriname's mature assets and support incremental drilling activity, thereby driving the demand for OCTG products such as casing, tubing, and drill pipe tailored for onshore applications.

Corpac, ArcelorMittal S.A., Vallourec S.A., Tenaris, Jacob Tubing LP, Nippon Steel, Kelly Pipe Co. LLC, United States Steel Corporation, and TMK Group among others are among the key South America Oil Country Tubular Goods market players that are profiled in this market study.

The overall South America Oil Country Tubular Goods market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the South America Oil Country Tubular Goods market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South America Oil Country Tubular Goods market.

Product Code: TIPRE00040932

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South America Oil Country Tubular Goods Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Oil Country Tubular Goods Manufacturers
- 4.3.3 Distributors
- 4.3.4 Service Providers
- 4.3.5 End Users
- 4.3.6 List of Vendors in the Value Chain
4.4 Average Selling Price - 2024 (Unit: US$/Tonne)
4.5 Import Export Analysis, 2023 (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.5.1 Import Export Analysis, 2023 - Casings (730520), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.5.2 Import Export Analysis, 2023 - Casings, Tubing & Drill Pipe (730420), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.5.3 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Nas, Welded (730630), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.5.4 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Steel (730690), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.5.5 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Welded, (730660), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
4.6 List of Major Players or Suppliers
- 4.6.1 List of Major Players or Suppliers
4.7 End User Analysis
4.8 ESG Outlook
- 4.8.1 Environmental Considerations
- 4.8.2 Social Considerations
- 4.8.3 Governance Considerations

5. South America Oil Country Tubular Goods Market - Key Market Dynamics

5.1 South America Oil Country Tubular Goods Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Oil & Gas Exploration and Production (E&P) Activities
- 5.2.2 Rising Rig Count
5.3 Market Restraints
- 5.3.1 Fluctuating Oil Prices May Decrease Demand for OCTG Products
5.4 Market Opportunities
- 5.4.1 Network Rising Investment in Oil and Gas Projects
5.5 Future Trends
- 5.5.1 Innovations in Drilling Technology
5.6 Impact of Drivers and Restraints:

6. South America Oil Country Tubular Goods Market Analysis

6.1 South America Oil Country Tubular Goods Market Revenue (US$ Million), 2021-2031
6.2 South America Oil Country Tubular Goods Market Forecast and Analysis

7. South America Oil Country Tubular Goods Market Analysis - by Process

7.1 Seamless
- 7.1.1 Overview
- 7.1.2 Seamless: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Welded
- 7.2.1 Overview
- 7.2.2 Welded: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)

8. South America Oil Country Tubular Goods Market Analysis - by Product

8.1 Drill Pipe
- 8.1.1 Overview
- 8.1.2 Drill Pipe: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Well Casing
- 8.2.1 Overview
- 8.2.2 Well Casing: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Production Tubing
- 8.3.1 Overview
- 8.3.2 Production Tubing: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)

9. South America Oil Country Tubular Goods Market Analysis - by Application

9.1 Onshore
- 9.1.1 Overview
- 9.1.2 Onshore: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Offshore
- 9.2.1 Overview
- 9.2.2 Offshore: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)

10. South America Oil Country Tubular Goods Market - Country Analysis

10.1 South America
- 10.1.1 South America Oil Country Tubular Goods Market Breakdown by Countries
- 10.1.2 South America Oil Country Tubular Goods Market Revenue and Forecast and Analysis - by Country
  - 10.1.2.1 South America Oil Country Tubular Goods Market Revenue and Forecast and Analysis - by Country
  - 10.1.2.2 Brazil: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.2.1 Brazil: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.2.2 Brazil: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.2.3 Brazil: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.3 Argentina: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.3.1 Argentina: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.3.2 Argentina: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.3.3 Argentina: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.4 Chile: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.4.1 Chile: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.4.2 Chile: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.4.3 Chile: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.5 Venezuela: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.5.1 Venezuela: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.5.2 Venezuela: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.5.3 Venezuela: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.6 Colombia: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.6.1 Colombia: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.6.2 Colombia: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.6.3 Colombia: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.7 Ecuador: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.7.1 Ecuador: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.7.2 Ecuador: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.7.3 Ecuador: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.8 Peru: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.8.1 Peru: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.8.2 Peru: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.8.3 Peru: South America Oil Country Tubular Goods Market Breakdown by Application
  - 10.1.2.9 Rest of South America: South America Oil Country Tubular Goods Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.9.1 Rest of South America: South America Oil Country Tubular Goods Market Breakdown by Process
    - 10.1.2.9.2 Rest of South America: South America Oil Country Tubular Goods Market Breakdown by Product
    - 10.1.2.9.3 Rest of South America: South America Oil Country Tubular Goods Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Market Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development

13. Company Profiles

13.1 Corpac
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 ArcelorMittal SA
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Vallourec SA
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Tenaris SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Nippon Steel Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 United States Steel Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Tianjin Pipe Corporation (TPCO)
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners