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Oil & Gas Casing & Tubing in the US Procurement Price, Data and Insights
This report includes an overview of oil and gas casing and tubing products, which are oil country tubular goods (OCTGs). Casing is a pipe used in well completion that stabilizes the wellbore, controls well pressure, and protects freshwater formations. Types of OCTG casings include conductor, surface, production, liner, and protection varieties. Tubing is placed in the well after the casing is cemented in place and is used to transport oil and gas from the production site to surface facilities for further processing. Key buyers include oil drillers, gas extractors, and oil and gas field service providers.
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What’s included in this market coverage
IBISWorld's research coverage on the Oil & Gas Casing & Tubing procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Oil & Gas Casing & Tubing market in the United States includes Tubing, Surface Casing, Production Casing, Line Pipes and Oil Country Tubular Goods (OCTGs). Standard coding in this coverage includes HS-730629-Iron Or Steel (Excluding Cast Iron); Casing And Tubing Of A Kind Used In Drilling For Oil And Gas (Other Than Stainless Steel Or Seamless), N.E.C. In Chapter 73, ISIC-2431-Casting of iron and steel, NACE-24.52-Casting Of Steel, NAICS-331210-Iron and steel pipes and tubes manufacturing from purchased steel and UNSPSC-20122701-Oil country casing.
What common market terminology is included?
Common market terminology included in the Oil & Gas Casing & Tubing procurement coverage includes Fiberglass (A robust and lightweight material made from plastic and fibers of glass.), Alloy (A metal consisting of two or more elements that enhances strength and improves resistance to corrosion.), Short Ton (A unit of mass that equates to 2,000 pounds (an equivalent of 907.19 kilograms).), Line Pipe (Pipes used in transporting natural gas and crude oil from production sites to refineries, distribution facilities, and storage facilities.), Corrosion (A gradual deterioration of materials via chemical reaction.), Borehole (A hole drilled in the ground to locate oil.) and OCTG (Oil country tubular goods, which include drill pipe, casing, tubing, and other products used in well completion.).
What companies are included as top suppliers?
The top companies covered in the Oil & Gas Casing & Tubing procurement report as suppliers are Sandvik Ab, Evraz Plc, Sumitomo Corp, Arcelormittal and Tenaris Sa.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Oil & Gas Casing & Tubing market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per short ton, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Oil & Gas Casing & Tubing market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Oil & Gas Casing & Tubing procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Oil & Gas Casing & Tubing market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Oil & Gas Casing & Tubing market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Oil & Gas Casing & Tubing?
The 2026 benchmark market price for Oil & Gas Casing & Tubing is $1870 per short ton. Prices have declined at a CAGR of -15.96 from 2023-26.
Who are the top vendors in the Oil & Gas Casing & Tubing market?
The top vendors in the Oil & Gas Casing & Tubing market include Sandvik Ab, Evraz Plc, Sumitomo Corp, Arcelormittal and Tenaris Sa.
What industries supply the Oil & Gas Casing & Tubing market?
The top industries supplying the Oil & Gas Casing & Tubing market are Copper, Nickel, Lead & Zinc Mining in the US, Mining, Oil & Gas Machinery Manufacturing in the US, Glass Product Manufacturing in the US, Plastic & Resin Manufacturing in the US, Iron & Steel Manufacturing in the US, Iron Ore Mining in the US, Nonferrous Metal Foundry Products Manufacturing in the US and Explosives Manufacturing in the US.
What is the supply chain risk for Oil & Gas Casing & Tubing?
High supply chain risk and US net importer status exposes buyers to frequent disruptions and price volatility. The supply chain for oil and gas casing and tubing goods has a high level of risk, and buyers are more at risk of supply disruptions. Due to the commoditized nature of key inputs (e.g., steel, nickel, fiberglass, and titanium), vendors are exposed to a significant level of risk because prices fluctuate widely on a year-to-year basis due to changes in demand. The United States' reliance on imports for oil and gas casing and tubing exposes buyers to tariffs, which can threaten supply chain stability and budgeting predictability. Buyers should proactively diversify supply sources and negotiate long-term contracts to manage risks.
What factors affect the price of Oil & Gas Casing & Tubing?
The casing and tubing type significantly affects pricing due to variations in specifications, manufacturing processes, and applications. For example, conductor and surface casing generally have a lower cost compared to production and protection casing, due to the requirements for higher-grade materials and stricter quality control to withstand higher pressures and corrosive environments, thereby increasing its price per short ton.
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