Global Carbon Steel Tubing In Oil And Gas Lift Applications Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Coating;

Internally Coated and Externally Coated.

By Material;

Onshore and Offshore.

By Outer Diameter;

60 To 120 MM and 121 to 250 MM.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn698973740 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Carbon Steel Tubing In Oil And Gas Lift Applications Market (USD Million), 2021 - 2031

In the year 2024, the Global Carbon Steel Tubing In Oil And Gas Lift Applications Market was valued at USD 5,702.33 million. The size of this market is expected to increase to USD 7,554.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The global carbon steel tubing market has found a significant niche in oil and gas lift applications, playing a crucial role in the extraction and transportation of hydrocarbons. Carbon steel tubing, prized for its durability, corrosion resistance, and cost-effectiveness, meets the demanding requirements of the oil and gas industry, particularly in well construction, production, and artificial lift systems. In oil extraction, carbon steel tubing serves as the primary conduit for transporting crude oil, natural gas, and other fluids from reservoirs to the surface, enduring harsh operating conditions such as high pressure, temperature, and corrosive environments.

Within the realm of artificial lift techniques, carbon steel tubing is integral to various methods, including sucker rod pumps, gas lift systems, and electrical submersible pumps (ESPs). These systems rely on robust tubing to withstand the mechanical stresses and chemical exposures inherent in oil and gas production. Moreover, carbon steel tubing's versatility allows for seamless integration with downhole equipment and surface facilities, ensuring efficient fluid flow and operational reliability throughout the extraction process.

As the oil and gas industry continues to explore and exploit reserves in increasingly challenging environments, the demand for carbon steel tubing in lift applications is expected to persist. Advancements in manufacturing processes and coatings further enhance the performance and longevity of carbon steel tubing, bolstering its appeal among oil and gas operators seeking dependable solutions for maximizing production yields and minimizing operational costs. Consequently, the global market for carbon steel tubing in oil and gas lift applications remains dynamic, driven by evolving extraction technologies and the perpetual demand for energy resources.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Coating
    2. Market Snapshot, By Material
    3. Market Snapshot, By Outer Diameter

    4. Market Snapshot, By End Use

    5. Market Snapshot, By Region
  4. Global Carbon Steel Tubing In Oil And Gas Lift Applications Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for energy.
        2. Advancements in drilling technologies.
        3. Expansion of oil and gas exploration.
      2. Restraints
        1. Environmental concerns.
        2. Fluctuating crude oil prices.
        3. Regulatory complexities.
      3. Opportunities
        1. Increasing offshore exploration activities.
        2. Adoption of carbon capture and storage (CCS) technologies.
        3. Development of unconventional oil and gas resources.
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Carbon Steel Tubing In Oil And Gas Lift Applications Market, By Coating, 2021 - 2031 (USD Million)
      1. Internally Coated
      2. Externally Coated
    2. Global Carbon Steel Tubing In Oil And Gas Lift Applications Market, By Material, 2021 - 2031 (USD Million)
      1. Onshore
      2. Offshore
    3. Global Carbon Steel Tubing In Oil And Gas Lift Applications Market, By Outer Diameter, 2021 - 2031 (USD Million)
      1. 60 To 120 MM
      2. 121 to 250 MM
    4. Global Carbon Steel Tubing In Oil And Gas Lift Applications Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sandvik AB
      2. ArcelorMittal S.A.
      3. Nippon Steel & Sumitomo Metal Corporation
      4. Vallourec S.A.
      5. Tenaris S.A.
      6. Webco Industries Inc.
      7. U.S. Steel Tubular Products
      8. JFE Holdings, Inc.
      9. SB International, Inc.
      10. CONTINENTAL ALLOYS & SERVICES Inc.
  7. Analyst Views
  8. Future Outlook of the Market