Oil Country Tabular Goods Market Future Demand and Analysis by Top Key Players are Tenaris, Tata Steel, National Oilwell Varco, Sandvik, ArcelorMittal, Jindal Steel & Power Ltd., BENTELER Group and Vallourec

The Oil Country Tabular Goods Market report is a comprehensive analysis on the study of Oil Country Tabular Goods market. This report helps focus you on the more important aspects of the market like what the market recent trends are. In this oil country tabular goods market Report various definitions and classification of the industry, applications of the industry, manufacturers, Sourcing Strategy and chain structure are given.

It also presents the company profile, product specifications, and production value along with the Information of manufacturer and market shares analysis for dominating company and brands of the global market.

The Global Oil Country Tubular Goods market is accounted for $49.56 billion in 2017 and is expected to reach $100.89 billion by 2026 growing at a CAGR of 8.2%.

SOME OF THE KEY PLAYERS IN THE GLOBAL OIL COUNTRY TUBULAR GOODS MARKET INCLUDE

ACE O.C.T.G, Vallourec., United States Steel (USS) Corporation, TMK Group, Tenaris SA, Tata Steel, Nippon Steel & Sumitomo Metal Corporation, National Oilwell Varco, MRC Global, Jindal Steel & Power, JFE Steel, ISMT, Corpac Steel, Benteler and ArcelorMittal, TPCO, Chelyabinsk Pipe, Evraz, HUSTEEL, SANDVIK, Energex Tube (JMC), Northwest Pipe, SB international, Continental Alloys & Services, BOHAI STEEL, U. S. Steel Tubular Products.

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Ever-increasing demand and succeeding energy production, rising number of deep water wells, increasing drilling and production activities, growing consumption of premium pipes and advent of technologically advanced pipe are some of the key factors propelling the market growth. However, factors such as risk associated with the cyclical nature of the tube market, depletion of limited oil and gas, environmental issues and international political and economic instability are inhibiting the market.

Oil Country Tubular Goods (OCTG) is made of hollow steel with circular cross section. These are tubular goods which are used in production and exploration activities on offshore as well as onshore reserves. Oil country tubular goods (OCTG) is a family of seamless rolled products consisting of drill pipe, casing and tubing subjected to loading conditions according to their specific application. These products are among key tools used in oil and gas exploration. The right selection of the product is based on the quality and suitability, is vital to avoid damages during exploration activities such as leakages.

Manufacturing Processes Covered:

• Electric Resistance Welded

• Seamless

Grades Covered:

• API Grade

• Premium Grade

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By manufacturing process, seamless pipe segment dominated the market due to their mechanical properties such as higher tensile strength. Moreover, these pipes also play a significant role in high-pressure drilling environments. An increase in offshore drilling activities that mandate the use of seamless pipes will fuel the prediction for market.

Based on geography, Asia Pacific held largest market share during the forecast period. Focusing on securing a larger base of energy resources, countries in this region, especially China, have started increasing their investments to ramp up their upstream activities. This will result in increasing drilling activities, especially in the unconventional reserve bases like coal bed methane, which, in turn, drives the growth of the market in this region.

Major Table of Contents:

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

Customization Options:

• All segmentation provided above in this report is represented at country level and can be customized according to needs.

• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).

Reasons to Purchase this Report:

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• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

• Regions/countries that are expected to witness the fastest growth rates during the forecast period

• The latest developments, market shares, and strategies that are employed by the major market players

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