Press release
CRA OCTG Market Research: Key Trends, Opportunities, and Regional Analysis 2024
CRA OCTG MarketCRA OCTG refers to OCTG products made from materials that exhibit high resistance to corrosion in aggressive environments, such as those encountered in oil and gas production. These materials, known as corrosion-resistant alloys (CRAs), are often used in applications where conventional steel OCTG would be susceptible to corrosion and degradation, potentially leading to equipment failure, leaks, and environmental contamination.
The global CRA OCTG market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.
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North American market for CRA OCTG is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for CRA OCTG is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of CRA OCTG include Nippon Steel, Alleima, Tubacex, PCC Energy Group, Corrosion Resistant Alloys, LLC, ShunFu Metal, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for CRA OCTG, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CRA OCTG.
The CRA OCTG market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global CRA OCTG market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the CRA OCTG manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Type
• Stainless Steels
• Nickel Alloys
By Application
• Perforating Guns
• Swell Packers
• Carbon Capture and Sequestration (CCS)
Key Companies
Nippon Steel, Alleima, Tubacex, PCC Energy Group, Corrosion Resistant Alloys, LLC, ShunFu Metal
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