Oil Country Tubular Goods Market 2021 Global Developments and outlook- National-Oilwell Varco Inc., ILJIN Steel Co., Nippon Steel and Sumitomo Metal Corporation

The report presents an in-depth assessment of the Oil Country Tubular Goods Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Oil Country Tubular Goods from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The market for oil country tubular goods (OCTG) market is expected to grow at a CAGR of more than 6.94% during the forecast period. 

Inquire for Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/04061950202/oil-country-tubular-goods-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=S48

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Oil Country Tubular Goods Market: National-Oilwell Varco Inc., ILJIN Steel Co., Nippon Steel & Sumitomo Metal Corporation, TPCO Enterprise Inc., Tenaris SA, TMK Ipsco Enterprises Inc., U.S. Steel Tubular Products Inc., Vallourec SA, ArcelorMittal SA and others.

Market Overview:

- The premium grade OCTG products are likely to witness higher CAGR on account of increasing focus on development of deepwater and offshore reserves, globally. The requirement of premium grade OCTG products is higher in harsher and challenging upstream operation.
- Liberalization of oil & gas by major countries across the globe to increase the foreign investment and thereby helping the oil and gas industry to grow is likely to provide a opportunity for the OCTG market.
- North America is the major regional market for OCTG products. The widespread development of oil & gas fields in the region both onshore and offshore is likely to provide huge business opportunities for companies operating OCTG business in forecast period.

Regional Analysis For Oil Country Tubular Goods Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Premium Grade to Witness a Higher Growth

- The premium grade OCTG market is in the growing phase on account of increasing demand for the same from upstream activities. The premium grade applications are widespread in gas wells, horizontal wells, and high pressure and temperature wells. Moreover, with the increase in offshore rig count during 2017-2018 after the slump in the oil price in 2014 the demand for the oil country tubular goods is expected to increase during the forecasted period.
- The increase in the deep-water exploration in the remote areas with harsh environments has resulted in the increase in the use of premium quality drilling equipment, which has resulted in the growth of the market. Gulf of Mexico is one of the major offshore deep water reserves, which is likely to witness upsurge in production in the forecast period.
- With the large-scale implementation of hydraulic fracturing technology and the shale revolution, the United States, which has been a net importer of energy since 1953, is well on track to become a net energy exporter by 2022.

Browse the Report Description And TOC:

https://www.marketinsightsreports.com/reports/04061950202/oil-country-tubular-goods-market-growth-trends-and-forecast-2020-2025?Mode=S48

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Oil Country Tubular Goods Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com ).

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.