The demand for oil, gas and energy has been increasing at much faster pace than expected over the past many years, mainly owing to the thriving middle-class population and globalization. Additionally, technological innovations and rapid economic expansion in the developing countries including India and China are some of the other important factors that have been guiding the demand for energy. This increased appetency for energy has led to growth in oil exploration, production and drilling activities and rise in crude oil and natural gas prices. Additionally, improved investments in oil and gas exploration have further fuelled the oil and gas industry. These factors together have catalyzed the growth and development of Oil Country and Tubular Goods.
The global OCTG market has witnessed a range of onshore and offshore drilling activities in the developing nations such as China, Australia, India and other Asian countries in the past few years. These activities have further stimulated the demand for OCTG products. China is the largest producer of OCTG products and is a major exporter of these products for many regions including Middle-East, CIS, North-America and others.
The OCTG market has been witnessing a number of mergers and acquisitions which are guiding this market towards industry consolidation. Furthermore, due to increased unconventional drilling activities such as shale gas in various regions including the US, Canada, Mexico, Brazil, China and other African countries have increased the overall consumption of premium OCTG tubing and casing, globally. Therefore, it is anticipated that improved consolidation in the OCTG market and increasing demand for premium products will provide structural competitive advantage to key players such as Tenaris and Vallourec in the near future.
The report provides detailed overview of OCTG market worldwide and covers various aspects such as market size of Global OCTG products, segmentation on the basis of different types of products such as seamless and welded, by types of grades including API and Premium, by onshore and offshore fields and on the basis of geography covering China, Asia, NAFTA, South-America, EU-27, CIS, the Middle-East and Africa. The report is useful for OCTG products manufacturers, suppliers and wholesalers of seamless and welded pipes and tubes, and new players venturing in the market.
Key Topics Covered in the Report:
Global OCTG Industry
- Market Size by Revenue, Production and Consumption Volume
- Market Segmentation by
o Products
o Grades
o Onshore and Offshore Markets
o Geography (China, Asia, NAFTA, South-America, EU-27, CIS, the Middle-East and Africa)
- Market Size of Global Drill Pipe and Global OCTG Coating Material and Services by Revenue
- Export and Import
- Trade Balance
- Pricing Mechanism and Price of OCTG Products
- Trends and Developments
- Major Challenges
- SWOT Analysis
- PEST Analysis
- Mergers and Acquisitions
- Company Profiles of Major Players in OCTG Market
- Market Share of Major Players in Global OCTG Market
- Market Share of Major Players in Major OCTG Regions
- Market Share of Major Players in Global Drill Pipe Market
- Market Share of Major Players in Global OCTG Coating Material and Services Market
- Future Outlook and Projections of Global OCTG Market by Products, Grades and Geographies
- Future Outlook and Projections of Global OCTG Coating Material and Services Market
- Macro Economic Parameters
Key Products Mentioned in the Report
Seamless OCTG
Welded OCTG
API and Premium Grade OCTG
Companies Covered in the Report
Tenaris S.A
Vallourec
TMK
TPCO
Sumitomo Corporation
National Oil Well Varco
ArcelorMittal
JFE Steel Corporation
Evraz
NOV Tuboscope
Hilong Holdings Limited
Schlumberger
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