The South America oil country tubular goods market size is expected to reach US$ 4,724.4 million by 2031 from US$ 3,136.2 million in 2024. The market is estimated to register a CAGR of 6.1% during 2025–2031. The rising innovations in drilling technology are likely to bring new trends to the market in the coming years.
South America Oil Country Tubular Goods Market Analysis
The increasing investments in oil and gas infrastructure are playing a key role in fueling the growth of the oil country tubular goods market. Both government initiatives and private sector investments are being directed toward developing new drilling sites, expanding existing oil fields, and modernizing production facilities. These financial commitments support the steady procurement of essential tubular products, helping maintain robust demand across the oil and gas industry.
South America Oil Country Tubular Goods Market Overview
The South America oil country tubular goods market ecosystem consists of the following stakeholders: raw material suppliers, oil country tubular goods manufacturers, distributors, service providers, and end users. These stakeholders are interconnected and contribute to different aspects of the oil country tubular goods market ecosystem. The oil country tubular goods manufacturers include both domestic manufacturers and international suppliers of seamless and welded steel tubular products. Key manufacturing companies include Tenaris, Vallourec, Ternium, Corpac, and local steel tube producers. These companies supply casing, tubing, and drill pipe products, often tailored to specific technical needs such as high pressure, sour gas resistance, and offshore specifications.
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South America Oil Country Tubular Goods Market: Strategic Insights
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South America Oil Country Tubular Goods Market: Strategic Insights
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South America Oil Country Tubular Goods Market Drivers and Opportunities
Rising Rig Count
The steady increase in rig count across South America is emerging as a critical driver for the oil country tubular goods market. The corresponding rise in active drilling rigs is fueling the robust demand for OCTG products, which are essential for well construction and integrity. The rig count is a direct indicator of upstream activity and is closely linked to OCTG consumption. Each new rig deployment translates into increased usage of drill pipe, casing, and tubing as operators advance new wells and maintain existing production infrastructure. In South America, this trend is particularly pronounced due to a combination of offshore expansion, unconventional resource development, and favorable energy investment policies. For instance, according to BNAmericas, in March 2024, Brazil had 34 offshore and 68 onshore drilling or intervention rigs authorized for operation, based on data from the local oil and gas regulator. The rise in rig count is a key indicator of upstream investment recovery and is driving significant growth in the South America oil country tubular goods market. As E&P companies expand their drilling programs across both mature and emerging basins, oil country tubular goods suppliers are well-positioned to benefit, particularly those offering technologically advanced, cost-effective, and regionally available solutions. With sustained rig deployment expected in the coming years, the outlook for the South America oil country tubular goods market remains positive, underpinned by strong fundamentals and a supportive investment climate.
Rising Investment in Oil and Gas Projects
The rising investments in oil and gas infrastructure are likely to play a pivotal role in providing growth opportunities to the South America oil country tubular goods market. Both government initiatives and private sector capital are being directed toward the development of new drilling sites, the expansion of existing fields, and the modernization of production facilities. These financial commitments enable the consistent procurement of essential tubular products, sustaining strong industry demand. In March 2025, Shell made the final investment decision for Gato do Mato, a deepwater project offshore Brazil with a capacity of 120,000 barrels of oil per day, where the first oil is expected to flow in 2029. The project plan includes the installation of a floating production storage and offloading vessel. The current estimated recoverable resource volume for this development is ~370 million barrels. In January 2025, the Government of New Ecuador presented the Hydrocarbon Sector Investment Plan 2025–2029, a roadmap that will boost oil production, natural gas, and the country's energy infrastructure. To achieve this goal, a total investment of US$ 41.879 billion is planned.
South America Oil Country Tubular Goods Market Report Segmentation Analysis
Key segments that contributed to the derivation of the South America oil country tubular goods market analysis are process, product, and application.
- In terms of process, the market is categorized into seamless and welded. The seamless segment dominated the market in 2024.
- By product, the market is categorized into drill pipe, well casing, and production tubing. The well casing segment dominated the market in 2024.
- Based on application, the market is divided into onshore and offshore. The onshore segment dominated the market in 2024.
South America Oil Country Tubular Goods Market Share Analysis by Geography
The South America oil country tubular goods market is segmented into Brazil, Argentina, Chile, Venezuela, Colombia, Ecuador, Peru, and the Rest of South America.
Brazil plays a pivotal role in shaping the oil country tubular goods market in South America, supported by its status as the region's largest oil producer and the eighth largest globally. As the holder of the world's largest recoverable ultra-deepwater oil reserves, Brazil's oil production is primarily offshore, accounting for approximately 96.7% of total output. State-owned Petrobras dominates the upstream sector, contributing around 73% of national oil and gas production. The country's oil and gas industry has historically attracted substantial capital inflows, representing roughly 10% of Brazil's GDP and serving as a primary driver of industrial investment. Brazil's strategic advantage lies in its ownership of the pre-salt province, one of the world's most prolific offshore basins, renowned for its high-quality crude and exceptionally productive fields. These geological advantages have positioned Brazil at the forefront of offshore exploration and production, resulting in a sustained demand for advanced OCTG solutions, including high-performance casing, tubing, and drill pipe. According to the International Energy Agency (IEA), Brazil is expected to account for nearly 50% of global offshore oil production by 2040, with projected output reaching 5.2 million barrels per day. This forecast highlights the country's long-term significance in the offshore energy landscape and signals robust future demand for premium-grade OCTG products engineered to withstand high-pressure, high-corrosion environments. As such, Brazil's offshore activity is set to remain the primary growth engine for the South America oil country tubular goods market, offering substantial opportunities for manufacturers and service providers alike.
South America Oil Country Tubular Goods Market Report Scope
South America Oil Country Tubular Goods Market News and Recent Developments
The oil country tubular goods market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the South America oil country tubular goods market are listed below:
- Nippon Steel Corporation (Nippon Steel), together with Sumitomo Corporation, has renewed a long-term contract with Equinor ASA (Equinor) for the supply of OCTG to be used in Norway and internationally for a maximum period of 9 years. The renewal of the contract is in recognition of the stable supply of high-performance OCTG supplied by Nippon Steel and Sumitomo Corporation, product development tailored to customer needs, reliable just-in-time delivery services, and steady commitment to low carbon, safety, and human rights compliance throughout the supply chain. (Source: Nippon Steel, Press Release, July 2024)
- ArcelorMittal announced that it had signed a Share Purchase Agreement to acquire 65,243,206 shares, representing a c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. The transaction closing is subject to regulatory approvals and is expected to close in the second half of the year. (Source: ArcelorMittal, Press Release, March 2024)
- Vallourec aimed to establish new businesses in at least six South American countries within three months. With ownership of eight industrial sites in Brazil exporting various pipe diameters and steel grades to Southeast Asia, the Middle East, Africa, and South America, the company sought to strengthen Brazil's strategic role and expand its regional operations. (Source: Vallourec, Press Release, November 2022)
South America Oil Country Tubular Goods Market Report Coverage and Deliverables
The " South America oil country tubular goods market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- South America oil country tubular goods market size and forecast at country levels for all the key market segments covered under the scope
- South America oil country tubular goods market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- South America oil country tubular goods market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the South America oil country tubular goods market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Increasing oil & gas exploration and production (E&P) activities, and rising rig count are the driving factors impacting the South America oil country tubular goods market.
The South America oil country tubular goods market was valued at US$ 3.136 billion in 2024 and is projected to reach US$ 4.724 billion by 2031; it is expected to grow at a CAGR of 6.1% during 2025–2031.
The key players, holding majority shares, in South America oil country tubular goods market includes Tenaris, Vallourec, ArcelorMittal, and Corpac.
Innovations in drilling technology are the future trends of the South America oil country tubular goods market.
The Brazil held the largest market share in 2024, followed by Argentina.
The South America oil country tubular goods market is expected to reach US$ 4.724 billion in the year 2031.
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
List of Tables
Table 1. South America Oil Country Tubular Goods Market Segmentation
Table 2. List of Vendors
Table 3. List of Major Players or Suppliers
Table 4. South America Oil Country Tubular Goods Market – Revenue, 2021 -2024 (US$ Million)
Table 5. South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million)
Table 6. South America Oil Country Tubular Goods Market – Revenue, 2021 - 2024 (US$ Million) – By Process
Table 7. South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – By Process
Table 8. South America Oil Country Tubular Goods Market – Revenue, 2021 - 2024 (US$ Million) – By Product
Table 9. South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – By Product
Table 10. South America Oil Country Tubular Goods Market – Revenue, 2021 - 2024 (US$ Million) – By Application
Table 11. South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – By Application
Table 12. South America Oil Country Tubular Goods Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 13. South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 14. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 15. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 16. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 17. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 18. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 19. Brazil: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 20. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 21. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 22. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 23. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 24. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 25. Argentina: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 26. Chile: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 27. Chile: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 28. Chile: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 29. Chile: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 30. Chile: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 31. Chile: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 32. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 33. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 34. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 35. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 36. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 37. Venezuela: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 38. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 39. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 40. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 41. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 42. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 43. Colombia: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 44. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 45. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 46. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 47. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 48. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 49. Ecuador: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 50. Peru: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 51. Peru: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 52. Peru: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 53. Peru: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 54. Peru: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 55. Peru: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 56. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Process
Table 57. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Process
Table 58. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Product
Table 59. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Product
Table 60. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2021 -2031 (US$ Million) – by Application
Table 61. Rest of South America: South America Oil Country Tubular Goods Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 62. Heat Map Analysis by Key Players
List of Figures
Figure 1. South America Oil Country Tubular Goods Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South America Oil Country Tubular Goods Market Revenue (US$ Million), 2021–2031
Figure 5. South America Oil Country Tubular Goods Market Share (%) – by Process, 2024 and 2031
Figure 6. Seamless: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 7. Welded: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. South America Oil Country Tubular Goods Market Share (%) – by Product, 2024 and 2031
Figure 9. Drill Pipe: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Well Casing: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. Production Tubing: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. South America Oil Country Tubular Goods Market Share (%) – by Application, 2024 and 2031
Figure 13. Onshore: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Offshore: South America Oil Country Tubular Goods Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. South America Oil Country Tubular Goods Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 16. Brazil: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Argentina: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Chile: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Venezuela: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Colombia: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Ecuador: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Peru: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Rest of South America: South America Oil Country Tubular Goods Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Company Positioning & Market Concentration
The List of Companies - South America Oil Country Tubular Goods Market
- Corpac
- ArcelorMittal S.A.
- Vallourec S.A.
- Tenaris
- Nippon Steel
- United States Steel Corporation
- Tianjin Pipe Corporation (TPCO)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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