Press release
What's driving the Oil Country Tubular Goods (OCTG) Market growth? Key Players are: Vallourec, Tenaris, TMK, JFE Holdings Inc., Nippon Steel & Sumitomo Corporation, Sandvik, EVRAZ, ArcelorMittal, ChelPipe Group, U.S. Steel Corporation (USS)
Oil Country Tubular Goods (OCTG) Market
Executive Summary
The Oil Country Tubular Goods Market was valued at USD 28.9 billion in the year 2018 with global production volume accounted for 15,100.21 Thousand tonnes. Increase in drilling and production activities, growing energy demand to fulfil the consumption needs, rise in offshore drilling activities, need for alternative technologies, exploration of shale resources as well as CAPEX improvement in upstream sector are the basic reasons behind increased demands for the Oil Country Tubular Goods Market.
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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.
Among the regions, Americas currently leads the Oil Country Tubular Goods market owing to considerable investments planned in offshore deep water and ultra-deep water drilling activities, growing number of oil and gas wells as well as exploration of shale resources. Moreover, countries like China, Russia, Saudi Arabia are expected to grow faster owing to increased investment in the upstream sector.
Scope of the Report
Global Oil Country Tubular Goods Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Oil Country Tubular Goods Market ? 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
Regional Oil Country Tubular Goods Market - Americas, Europe, APAC, MEA (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Oil Country Tubular Goods Market ? 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
Country Analysis - U.S., Canada, Brazil, Russia, Norway, India, China, Saudi Arabia, Kuwait, UAE (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Oil Country Tubular Goods Market ? 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
Company Analysis ? Vallourec, Tenaris, TMK, JFE Holdings Inc., Nippon Steel & Sumitomo Corporation, Sandvik, EVRAZ, ArcelorMittal, ChelPipe Group, U.S. Steel Corporation (USS).
Other Report Highlights
? Competitive Landscape ? Sales, Segments, Market Share, Business Strategies
? Market Dynamics ? Drivers and Restraints.
? Market Trends
? Porter Five Forces Analysis.
? SWOT Analysis.
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Table of Contents
Research Methodology
Executive Summary
Strategic Recommendations
Global Oil & Gas Industry Outlook
Oil Country Tubular Goods Product Outlook
Global Oil Country Tubular Goods: Market Dynamics
6.1 Global Oil Country Tubular Goods Market Trends:
6.1.1 Implementation of hydraulic fracturing technology and horizontal drilling
6.2 Global Oil Country Tubular Goods Market Drivers:
6.2.1 Exploration of shale resources
6.2.2 Rising Global Demand for Energy Sources
6.2.3 CAPEX improvement in upstream sector
6.2.4 Rise in Offshore Drilling Activities
6.3 Global Oil Country Tubular Goods Market Restraints:
6.3.1 Downturn in the international price of Oil & Gas
6.3.2 Climate change legislation and regulations curtail demand for fossil fuels
6.3.3 Increase in the cost of raw materials, energy, and other costs
6.4 Global Oil Country Tubular Goods: Competitive Landscape
6.4.1 Product Benchmarking
6.4.2 Porter?s Five Force Analysis
6.4.3 SWOT Analysis
7.0 Market Share of Leading Global Companies
8.0 Recent Developments in Oil Country Tubular Goods Market
9.0 Global Oil Country Tubular Goods Market Analysis
9.1 Global Oil Country Tubular Goods Market: By Volume (Thousand Tonnes): Year 2014-2024
9.2 Global Oil Country Tubular Goods Market: By Value (USD Million): Year 2014-2024
9.3 Global Oil Country Tubular Goods Market: By OCTG Price (USD Million): Year 2014-2024
9.4 Global Oil & Gas Sector Outlook
9.5 Global Economic & Industrial Statistics
9.6 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Type Market Share, By Volume, Year 2018 & 2024
9.7 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Type Market Share, By Value, Year 2018 & 2024
9.8 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Type (Drill Pipe, Casing Pipe, Tubing Pipe): By Volume, 2014-2024
9.9 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Type (Drill Pipe, Casing Pipe, Tubing Pipe): By Value, 2014-2024
9.10 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Type, By Volume
9.11 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Manufacturing Process Market Share, By Volume, Year 2018 & 2024
9.12 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Manufacturing Process Market Share, By Value, Year 2018 & 2024
9.13 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Manufacturing Process (Seamless, Welded): By Volume, 2014-2024
9.14 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Manufacturing Process (Seamless, Welded): By Value, 2014-2024
9.15 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Manufacturing Process, By Volume
9.16 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Grade Market Share, By Volume, Year 2018 & 2024
9.17 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Grade Market Share, By Value, Year 2018 & 2024
9.18 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Grade (API, Premium): By Volume, 2014-2024
9.19 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Grade (API, Premium): By Value, 2014-2024
9.20 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Grade, By Volume
9.21 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Application Market Share, By Volume, Year 2018 & 2024
9.22 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Application Market Share, By Value, Year 2018 & 2024
9.23 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Application (Offshore, Onshore): By Volume, 2014-2024
9.24 Global Oil Country Tubular Goods Market ?Segmental Analysis: By Application (Offshore, Onshore): By Value, 2014-2024
9.25 Market Attractiveness Chart of Global Oil Country Tubular Goods Market - By Application, By Volume
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