Oil Country Tubular Goods (OCTG) Market Worldwide Industry Growth, Opportunities & Forecasts Till 2028 | National-Oilwell Varco Inc, ArcelorMittal SA, Iljin Steel Co., TPCO Enterprise Inc., TMK Ipsco Enterprises

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global oil country tubular goods market.

According to the report, increasing demand for premium pipes combined with the introduction of sophisticated technological pipes is expected to drive the growth of oil country tubular goods market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

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What are oil country tubular goods?
Oil country tubular goods (OCTG) are steel tubular products composed of drill, casing, and tubing. The primary components of the building are the casing and tubing strings. All wells drilled for the manufacturing of petroleum or gas (or injecting materials into subterranean structures) must be cast with strength and functionality. Drill pipe is a heavy steel tube that rotates the drill bit and the drilling fluid circulates.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. National-Oilwell Varco Inc
2. ArcelorMittal SA
3. Iljin Steel Co.
4. TPCO Enterprise Inc.
5. TMK Ipsco Enterprises Inc.
6. Nippon Steel & Sumitomo Metal Corporation
7. U. S. Steel Tubular Products Inc.
8. Tenaris SA
9. Vallourec SA

Key Factors Impacting Market Growth:
o Increasing demand for premium pipes combined with the introduction of sophisticated technological pipes
o The upsurge in the number of drilling and exploration activities in unconventional reserves
o Growing oil demand, rising energy consumption

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.
Detailed information for markets like North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World is provided by the global outlook for oil country tubular goods market. During the forecast period, North America and Western Europe are projected as main regions for shortwave infrared sector. As one of the developed regions, the energy & power sector is important for the operations of different industries in this area

This is one of the key factors regulating oil country tubular goods market growth in those regions. Some of the major countries covered in this region include the USA, Germany, United Kingdom, France, Italy, Canada, etc.

During the forecast period Asia Pacific is expected to be one of the fastest growing regions for the oil country tubular goods market. Some of the fastest-growing economies and increasing energy & power demand to cater for high population & industries are expected to drive demand in this area. During the forecast period, China and India are expected to record large demand. During the forecast period, the Middle East which includes the UAE, Saudi Arabia, Iran, Qatar and others promises high market potential. In terms of market demand during the forecast period, the rest of the world including South America and Africa are developing regions.

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This report provides:
1) An overview of the global market for oil country tubular goods market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global oil country tubular goods market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.
Market Segmentation:

By Manufacturing Process:
Seamless
Electric Resistance Welded

By Grade:
API
Premium
By Application:
Onshore
Offshore

By Region:
North America
By Country (US, Canada, Mexico)
By Manufacturing Process
By Grade
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Manufacturing Process
By Grade
By Application

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Manufacturing Process
By Grade
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Manufacturing Process
By Grade
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Manufacturing Process
By Grade
By Application
Rest of the World
By Region (South America, Africa)
By Manufacturing Process
By Grade
By Application

Reasons To Buy This Report:

Market size estimation of the global oil country tubular goods (OCTG) market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.