This report estimates the Oil Country Tubular Goods Market in terms of volume and value. The volume of this market is estimated in terms of Kilotons (kt) and value in terms of $million. This has been broken down into component regions and further split into countries.
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Oil country tubular goods are required throughout the lifecycle of an oil and gas well. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the OCTG market. However, issues associated with the cyclical nature of tube market and emphasis on renewable sources of energy will slightly affect the growth of this market. With competition growing vigorous and increase in concern for environmental safety, the companies have started differentiating the products for OCTG market. These reasons will result in the market witnessing a higher growth rate in the demand for premium product type such as OCTG.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the global oil country tubular goods market. The primary sources–experts from industry and suppliers- have been interviewed to obtain and verify critical information as well as to assess the future prospects of the OCTG market.
The Asia-Pacific market had the largest share in the global OCTG consumption in 2013. In Asia-Pacific, China is the largest market which will continue to dominate the OCTG industry. North America follows the Asia-Pacific market with U.S. being the most influential player due to activities in abundant shale reserves.
The OCTG market is segmented in six regions, namely North America, South America, Europe, Africa, Asia-Pacific, and the Middle East. The OCTG market is further segmented on the basis of major countries in the region.
The report also touches on various other important aspects of the market. It includes an analysis of the value chain, Porter’s Five Forces Analysis, the competitive landscape, and premium insights of the OCTG market.
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We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These include Tenaris (Luxembourg), Vallourec (France), TMK group (Russia), United States Steel Corporation (U.S.), Nippon Steel and Sumitomo Metal Corporation (Japan), National Oilwell Varco(NOV)(U.S.), JFE Steel Corporation(Japan), Jindal Saw Limited (India), MRC Global (U.S.) and ArcelorMittal (Luxembourg).
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