What is Oil Country Tabular Goods Market?
Oil Country Tubular Goods (OCTG) are generally used in oil and gas production. It consists of casing, tubing, piping, and pipelines. These goods are the foundation of oil and gas well design and pipeline design. They offer safe and efficient transport of oil and gas products. The increasing petroleum industry is mainly driving the demand for oil country tubular goods (OCTG). However, huge investment requirement is challenging to the market. Geographically, the Asia Pacific region has been recognized as a highly growing market with the increasing industrial expenditure petroleum industry. However, North America witnessing consistent growth and it is known as the dominant market over the forecast period.
The market study is being classified by Type (Tubing, Drill pipe, Casing pipe and Others), by Application (On Coast & Mainland, Inner Water Bodies, Offshore Wells and Others) and major geographies with country level break-up.
Tenaris (Luxembourg), Sandvik Coromant (United States), Vallourec (France), TMK group (Russia), United States Steel Corporation (United States), Continental Steel & Tube Company, Nippon Steel and Sumitomo Metal Corporation (Japan), J-Hobbs Machine Corp. (United States), National Oilwell Varco (United States), Canam Pipe & Supply (Canada), JFE Steel Corporation (Japan), ArcelorMittal (Luxembourg), EVRAZ (United Kingdom) and ChelPipe Group (Russia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Equip Outlet Inc. (India), Petro Allied International (UAE) and Jindal Pipes Ltd. (India).
The market of Oil Country Tabular Goods (OCTG) is expected to grow with rising activities in the oil & gas industry across the globe. Increasing demand for petroleum pipes driving the demand for the market. Several companies are operating in the market to provide Oil Country Tabular Goods (OCTG) with various features & unique offerings. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Analyst at AMA have segmented the market study of Global Oil Country Tabular Goods market by Type, Application and Region.
On the basis of geography, the market of Oil Country Tabular Goods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Infrastructure of Oil & Gas Industry
- Increasing Demand for OCTG in Offshore and Inshore Activities
- Huge Preference towards Welded OCTG over others
- Huge Requirement of Investment for Manufacturing and Plant Setup
- Growing Global Rig Count & Unconventional Reserves like Offshore Wells
- High Technological Advancements in OCTG manufacturing Process
Key Target AudienceOil Country Tabular Goods (OCTG) Manufacturers, Oil Country Tabular Goods (OCTG) Suppliers/Distributors, Oil & Gas, Energy Industry, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners and Governments
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Oil Country Tabular Goods Market?
"Growing Infrastructure of Oil & Gas Industry
" is seen as one of major growth factors of Oil Country Tabular Goods Market in years to come.
2. Can we have customized study for Oil Country Tabular Goods Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Oil Country Tabular Goods Market?
will lead Oil Country Tabular Goods Market in coming years.