Press release
Global Energy Consumption and Demand Growth for 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.
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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.
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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Table of Content
1. OCTG Market - An Overview
1.1 An Introduction
1.2 Types of OCTG Products
1.3 Types of Oil Country Tubular Goods (OCTG) Pipes
1.4 Oil Country Tubular Goods (OCTG) Manufacturing Process
2. Global Market Analysis
2.1 Global OCTG Demand by Volume
2.2 Global OCTG Demand Forecast by Volume
2.3 Global OCTG Demand by Region
2.4 Global OCTG Demand Forecast by Region
2.5 Global Drilling Activity by Region
2.6 Global OCTG Demand – Shales vs. Others
2.7 Global OCTG Demand Forecast – Shales vs. Others
2.8 Global Deep Water OCTG Consumption by Volume
2.9 Global Deep Water OCTG Consumption Forecast by Volume
2.10 Global Seamless OCTG Supply and Demand by Volume
2.11 Global Seamless OCTG Supply and Demand Forecast by Volume
3. Regional Market Analysis
3.1 The US
3.1.1 The US Rig Count
3.1.2 The US Rig Count Forecast
3.1.3 The US OCTG Consumption by Volume
3.1.4 The US OCTG Consumption by Segment
3.1.5 The US Distributor Welded OCTG vs. HRC Prices
3.1.6 The US Distributor Seamless OCTG vs. Scrap Prices
3.2 Russia
3.2.1 Russian Annual Development Drilling Program
3.2.2 Russian Annual Development Drilling Program
3.2.3 Russian Tube and Pipe Market by Volume
3.2.4 Russian Tube and Pipe Market Forecast by Volume
3.2.5 Russian OCTG Market by Volume
3.2.6 Russian OCTG Market Forecast by Volume
3.2.7 Russian Market Share in Various Products
3.3 China
3.3.1 Chinese Seamless OCTG Supply and Demand by Volume
3.3.2 Chinese Seamless OCTG Supply and Demand Forecast by Volume
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Demand for Oil & Gas
4.1.2 Accelerating Economic Growth
4.1.3 Future Global Energy Consumption
4.1.4 Demand Growth for Fossil Fuels
4.2 Market Trends
4.2.1 Fluctuating Global Rig Count
4.3 Challenges
4.3.1 Drilling with Casing for OCTG
4.3.2 Depletion of Limited Oil and Gas Reserves
4.3.3 Falling Crude Oil Prices
4.3.4 Environmental Issues
4.3.5 International Political and Economic Instability
5. Competitive Landscape
5.1 Financial Comparison of Key Players
5.2 Global Premium OCTG Market Share by Company
5.3 Russian Pipe Market Share by Company
5.4 Russian OCTG Market Share by Company
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