Global OCTG Market: Economic Growth of Developing Countries Stimulating Demand
The oil country tubular goods (OCTG) sector involves companies that manufacture steel products that can be used while drilling oil and gas wells. The oil and gas industry uses these hollow steel products of circular cross section for exploration and production activities. These steel products can be used both on coasts and mainland (onshore) and in water (offshore). The three basic types of OCTG are drill pipe, casing, and tubing.
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The report highlights several drivers that are expected to propel the OCTG market, such as: increase in global demand for oil and gas, economic growth of several developing countries, and absence of substitute sources of energy other than present forms. Conversely, the report also explores some of the biggest restraints. For example, the OCTG market is experiencing a decline in demand because of volatile oil prices and the decline in the global rig count.
The report begins with an overview of the OCTG market wherein it provides definition, specifications, classification, and application of the oil country tubular goods. The research study then explorers the value chain in the existing global industry, lays down the regional market status, and analyzes the industry policies.
The second section of the research study presents the manufacturing cost structure of OCTG in which it analyses the raw material suppliers and the equipment suppliers for their price model. This section further examines the labor and other costs analysis of OCTG. Manufacturing cost structure and processes implemented by suppliers have been also been covered in this section.
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Furthermore, the research study tracks down the major manufacturers in the market for oil country tubular goods for technical data and analyzes their manufacturing plant capacity with 2015 as the base year. Years from 2011 to 2016 have been considered to calculate the revenue share, production capacity, price, cost, gross, and gross margin of each territorial region, types of product, and individual leading manufacturers. For the same duration, global consumption volume, consumption value and sale price have been analyzed in terms of regions, types, and applications.
Major manufactures profiled in this report for their product specification, capacity, production volume, price, gross and revenue share are: Tenaris S.A., OAO TMK, and Vallourec.
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The oil country tubular goods (OCTG) sector involves companies whose work is to make steel products to be used while drilling oil and gas wells. These are hollow steel products of circular cross-section used in the oil and gas industry for exploration and production activities. OCTG includes generally three categories of products - drill pipe, casing, and tubing. OCTG products can be manufactured as seamless or welded tubes and pipes.