Press release
Oil Country Tubular Goods (OCTG) Market With Emerging Key Players, Scope and Overview Forecast till 2024 (Based on 2020 COVID-19 Worldwide Spread) | Vallourec, Tenaris, TMK, JFE Holdings Inc.
The global Oil Country Tubular Goods (OCTG) Market was valued at USD 28.9 billion in the year 2018 with global production volume accounted for 15,100.21 Thousand tonnes.The global Oil Country Tubular Goods market has gained importance as increasing consumption requirement influences the exploration of offshore oilfields and increase in capital investment by the operators in the upstream sector. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences, growing concern to reduce greenhouse emission and the overall strength of the economy.
On the basis of grade, the segments are Premium and API which are the grades of steel pipe that require on the basis of their properties like ductility, temperature and thermal compatibility.
Global Oil Country Tubular Goods (OCTG) Market Report covers market characteristics, size, share, growth, segmentation, trend, regional forecast, competitive landscape, market, development strategies and forecast to 2024. At present, the market is developing its presence and some of the key players profiled in the report include Vallourec, Tenaris, TMK, JFE Holdings Inc., Nippon Steel & Sumitomo Corporation, Sandvik, EVRAZ, ArcelorMittal, ChelPipe Group, U.S. Steel Corporation (USS), and Other.
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Global Industry News:
Tooling solutions for the OCTG segment
Sandvik Coromant offers a complete program of tools for all OCTG components. These tooling solutions deliver high productivity in combination with an excellent thread quality particularly when used together with Silent Tools(TM) damped adaptors.
The assortment consists of a mix of standard tools such as CoroTurn® 107, CoroTurn® TR and T-Max® P, as well as tooling solutions with SL32, SL40 and C8 connections with corresponding Silent Tools(TM) recommendation. The offer covers most of the applications in the key components for the OCTG segment, everything from pure threading, turning and peeling tools to multipurpose tools such as threading and peeling combination tools.
Scope of the Report:
Global Oil Country Tubular Goods (OCTG) Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Oil Country Tubular Goods (OCTG) Market (Value) Size, Growth, Forecast
- Analysis by Type: Drill Pipe, Casing Pipe, Tubing Pipe
- Analysis by Manufacturing Process: Seamless, Welded
- Analysis by Grade: API, Premium
- Analysis by Application: Offshore, Onshore
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Oil Country Tubular Goods (OCTG) Market By Region (North America, South America, Asia Pacific, ROW)) and By Country (U.S, Canada, Mexico, Argentina, Brazil, China, Australia, Russia, Saudi Arabia, Algeria).
Global Oil Country Tubular Goods (OCTG) Market Report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures and collaborations, and competitor comparison analysis.
The Global Oil Country Tubular Goods (OCTG) Market Research Report is a valuable source of insightful data for business strategists. It provides the Oil Country Tubular Goods (OCTG) industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Oil Country Tubular Goods (OCTG) market study provides comprehensive data which enhances the understanding, scope and application of this report.
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Influence of the Oil Country Tubular Goods (OCTG) market report
- Comprehensive assessment of all opportunities and risk in the Oil Country Tubular Goods (OCTG) market.
- Oil Country Tubular Goods (OCTG) market recent innovations and major events.
- Detailed study of business strategies for growth of the Oil Country Tubular Goods (OCTG) market-leading players.
- Conclusive study about the growth plot of Oil Country Tubular Goods (OCTG) market for forthcoming years.
- In-depth understanding of Oil Country Tubular Goods (OCTG) market-particular drivers, constraints and major micro markets.
- Favourable impression inside vital technological and market latest trends striking the market report.
In the end, it includes the methodical description of the various factors such as the market growth and detailed information about the different company's revenue, growth, global developments and the various other strategic developments. Thus, the Oil Country Tubular Goods (OCTG) Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Oil Country Tubular Goods (OCTG) Market study.
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All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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