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Global OCTG (Oil Country Tubular Goods) Market: Industry Analysis & Outlook (2017-2021)
Oil Country Tubular Goods (OCTG) comprises of a wide range of steel tubular products that are used in Oil and Gas exploration and production and in particular drilling. They can be Seamless and Welded Pipes (Electric Resistance Welding (EWR) and come in various sizes and length. The process of manufacturing of seamless and welded pipes and tubes is different with the seamless pipes designed to bear much higher stress. OCTG generally includes three categories of products - drill pipe, casing, and tubing.The key factors driving the growth of OCTG market are increasing demand for oil & gas, accelerating economic growth, future global energy consumption and demand growth for fossil fuels. A noteworthy trend of this industry is fluctuating global rig count. However, the expansion of the market is hindered by the challenges of drilling with casing for OCTG, depletion of limited oil and gas reserves, falling crude oil prices, environmental issues and the international political and economic instability.
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The report “Global OCTG Market” provides an in-depth analysis of the OCTG market on a global scale along with the US and Russia market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Nippon Steel & Sumitomo Metal Corporation, Tenaris S.A, TMK and Vallourec. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
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𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐢𝐥 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐓𝐮𝐛𝐮𝐥𝐚𝐫 𝐆𝐨𝐨𝐝𝐬 (𝐎𝐂𝐓𝐆) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
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Continental Alloys&Services
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Jiuli
KINGLAND PIPELINE
Anhui Tianda Oil Pipe Company
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