#Oil Country Tubular Goods Market Analysis

[maximizegn1]

The report focuses on the key manufacturers, to study the capacity, production, value, market share and development plans for the future, comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players. 

[infinitiresearch]

Indonesia - Oil Country Tubular Goods Market| Market Size, Analysis, Growth and Forecast, 2024 – 2028

Originally published on Technavio: Indonesia - Oil Country Tubular Goods Market by Product, Application, and Grade Type - Forecast and Analysis 2024-2028

**1. Overview of the Indonesian Oil and Gas Industry:**

   - Provide a brief overview of the oil and gas industry in Indonesia.    - Highlight key players, production levels, and major exploration activities.

**2. Oil Country Tubular Goods (OCTG) Market Introduction:**    - Define and explain what OCTG is and its significance in the oil and gas industry.    - Discuss the various types of OCTG products, including casing, tubing, and drill pipes.

**3. Market Size and Trends:**    - Analyze the current market size of the OCTG sector in Indonesia.    - Identify and discuss recent trends, such as technological advancements, market dynamics, and industry challenges.

**4. Regulatory Environment:**    - Examine the regulatory framework governing the oil and gas sector in Indonesia.    - Discuss any recent changes or developments in regulations affecting the OCTG market.

**5. Key Players and Competition:**    - Provide an overview of major companies involved in the OCTG market in Indonesia.    - Analyze the competitive landscape, market share, and strategies of key players.

**6. Demand and Supply Analysis:**    - Assess the demand for OCTG products in Indonesia, considering factors like drilling activities, exploration projects, and production requirements.    - Analyze the supply chain, including domestic production and imports.

**7. Market Challenges and Opportunities:**    - Identify challenges faced by the OCTG market in Indonesia, such as economic factors, environmental concerns, or geopolitical issues.    - Highlight potential opportunities for growth and investment in the sector.

**8. Technological Developments:**    - Discuss any recent technological advancements or innovations in OCTG manufacturing and usage.    - Evaluate the impact of these technologies on the Indonesian market.

**9. Future Outlook:**    - Provide a forecast for the OCTG market in Indonesia, considering factors like expected growth, industry trends, and emerging opportunities.    - Highlight any upcoming projects or developments that might influence the market.

To Learn deeper into this report , View Sample PDF

**10. Conclusion:**    - Summarize key findings and insights from the research.    - Offer recommendations for stakeholders, investors, and industry players based on the analysis.

For more information please contact.

[research--blog]

Oilfield Services Market worth $171.7 billion by 2025 

Meticulous Research®- leading global market research company published a research report titled “Oilfield Services Market by Type (Pressure Pumping, Oil Country Tubular Goods, Well Intervention & Coiled Tubing, Drilling & Completion Fluid, Well Completion, Seismic Testing), Location (Onshore and Offshore), and Geography–Global Forecast to 2025”.

According to this latest publication from Meticulous Research®, the global oilfield services market is projected to reach $171.7 billion in 2025 from $138.9 billion in 2019, growing at a CAGR of 3.6%. The growth of this market will be driven by factors such as increasing demand for oil, increasing use of internal sources of funding, and technological advancements. Moreover, factors such as discovery of new oilfields, mergers and acquisitions, and recent licenses and product launches are further expected to propel the growth of this market. However, strict government regulations on E&P activities, fluctuations in crude oil prices, and shortage of skilled labor are expected to hinder the growth of this market. Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4963

The global oilfield services market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025- by service type (pressure pumping, oil country tubular goods, well intervention & coiled tubing, drilling & completion fluid, well completion, wireline services, seismic testing, and other services), and location (onshore and offshore). The study also evaluates industry competitors and analyzes the market at regional and country level.

On the basis of service type, the global oilfield services market is segmented into pressure pumping, oil country tubular goods, well intervention & coiled tubing, drilling & completion fluid, well completion, wireline services, seismic testing, and other services. The pressure pumping segment accounted for the largest share of the global oilfield services market, owing to new oil well discoveries, continuous devotion to technology development, and mandatory requirements of safe and efficient operations at oil wells. However, well completion services are expected to grow at the fastest growth rate owing to increasing demand for high oil production from the production site and shale gas inflation. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:  https://www.meticulousresearch.com/speak-to-analyst/cp_id=4963

On the basis of location, oilfield services market is segmented into onshore and offshore. Onshore segment accounted for the largest share of the global oilfield services market in 2018. Factors such as increasing new oil well discoveries and production of earth oil are primarily driving the growth of this market segment.

This research report analyzes major geographies and provides comprehensive analysis of North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for the largest share of the global oilfield services market in 2018. Factors such as increasing spending and overall rig and well counts, improving offshore market, and mergers and acquisitions are expected to drive the growth of the oilfield services market in this region. However, APAC region is expected to grow with highest growth rate during the forecast period. Factors such as steady oil production, increasing number of oil rig counts, and growing offshore activities in China are expected to drive the growth of oilfield services market in this region.

The key players operating in the global oilfield services market are Schlumberger Limited, Baker Hughes GE, Halliburton Company, Weatherford International, Plc, China Oilfield Services Limited (COSL), Basic Energy Services, Superior Energy Services, Inc., FMC Technologies, Inc., Welltec, Weir Oil & Gas, National Oilwell Varco, Oil States International, Inc., and Archer Limited among others.

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4963

Key questions answered in the report-

Which are the high growth market segments in terms of service type, location, and region?

What was the historical market for oilfield services across the globe?

What are the market forecasts and estimates for the period 2019-2025?

What are the major drivers, restraints, and opportunities in the global oilfield services market?

Who are the major players in the global oilfield services market?

How is the competitive landscape and who are the market leaders in the global oilfield services market?

What are the recent developments in the global oilfield services market?

What are the different strategies adopted by the major players in the global oilfield services market?

What are the geographical trends and high growth regions?

Who are the local emerging players in the global oilfield services market and how do they compete with the global players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[powermarket]

Oil Country Tubular Goods Market Size to increase at a CAGR Of 7.4% during 2023-2026

The report discusses everything a marketer requires before investing in the global Oil Country Tubular Goods Market Size during the forecast period 2023-2026. It provides detailed insight into current trends, market shares, market size, and sales value and volume.

The data used for this report is obtained from reliable industry sources, paid resources, and validated sources. This research works as a systematic guideline for marketers to make well-informed decisions. Key players in the global Oil Country Tubular Goods Market are profiled with detailed insights into company profiles, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the global Oil Country Tubular Goods Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

Get More Info:

Oil Country Tubular Goods Market Size Scope:

Oil Country Tubular Goods Market

Report Coverage

Details

Base Year:

2022

Forecast Period:

2018 - 2026

Historical Data:

2018 to 2018

Market Size in 2018 :

USD 17.92 billion

Forecast Period 2023 to 2029 CAGR:

7.4%

Market Size in 2026 :

USD 31.54

Oil Country Tubular Goods Market Key Highlights:

Global Oil Country Tubular Goods Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Oil Country Tubular Goods Market

Global Oil Country Tubular Goods Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Oil Country Tubular Goods Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study.

Global Oil Country Tubular Goods Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Oil Country Tubular Goods Market are also profiled.

 The global Oil Country Tubular Goods Market report focuses on major six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis, and Porter’s five force analysis. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

COVID-19 Impact:

The updated report, a free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Oil Country Tubular Goods Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

How the industry is coping with the pandemic?

Slowly and gradually economic activity is up and running now which may help the industry to get back to its feet as soon as possible.

The Key Manufacturers Covered in this Report:

ArcelorMittal SA EVRAZ North America ILJIN Steel Corporation JFE Steel Corporation. National-Oilwell Varco Inc Oil Country Tubular Limited Sumitomo Corporation Tenaris TMK Ipsco Enterprises Inc. and U.S. Steel Corporation.

Key Player's information includes:

Key Company Profile

Important Market Information

SWOT Analysis

Market Share

Sales, Revenue, Price, and Gross Margin

Segmented into:

Segmentation

By Process

Seamless

Welded

By Product

Well Casing

Production Tubing

Drill Pipe

Others

By Application

Onshore

Offshore

Region-Wise Classification of the Oil Country Tubular Goods Market:

North America

South America

Europe

Asia-Pacific

Africa

Middle East

Report Highlights:

Detailed Overview

Market Dynamics

Detailed Market Segmentation

Historical, Current, and Projected Market Size in terms of volume and value

Market Trends and Developments

Competitive Landscape

Strategies of Key Players

Potential and Niche Segments

Key Questions Answered in Oil Country Tubular Goods Market Size:

1) What is the market size and CAGR of the global as well as the regional market?

2) What are the key players operating in the global Oil Country Tubular Goods Market?

3) What are the drivers, restraints, and growth opportunities of the market?

4) What are key technological trends in the market?

5) What are the various regions and sub-regions with leading contributions in the market?

On-demand Custom Research Report:

This report also offers specific consumer preferences and expectations to gain insights into changing needs and behavior of the consumer. We focus on more usefulness and actionable information specifically tailored to suit your business needs.

Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/101396

About Fortune Business Insights

The cycle of disruption and transformation is imminent for businesses looking to carve out a niche in highly competitive environments. While a few companies are focusing on transformational growth and addressing key challenges of disruptions, several others are simply unaware. At Fortune Business Insights we offer end-to-end solutions beyond flagship research technologies to help senior leaders across enterprises achieve their mission-critical goals. We deliver recommendations enabling growth to help build the organizations of tomorrow.

[bharat059]

Oil Country Tubular Goods Market Size to increase at a CAGR Of 7.4% during 2023-2026

Oil Country Tubular Goods market in terms of revenue was estimated to be worth USD 17.92 billion in 2018 and is poised to reach USD 31.54 by 2026, growing at a CAGR of 7.4% from 2018 to 2026.

The report discusses everything a marketer requires before investing in the global Oil Country Tubular Goods Market Size during the forecast period 2023-2026. It provides detailed insight into current trends, market shares, market size, and sales value and volume.

The data used for this report is obtained from reliable industry sources, paid resources, and validated sources. This research works as a systematic guideline for marketers to make well-informed decisions. Key players in the global Oil Country Tubular Goods Market are profiled with detailed insights into company profiles, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the global Oil Country Tubular Goods Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

Get More Info:

Oil Country Tubular Goods Market Size Scope:

Oil Country Tubular Goods Market

Report Coverage

Details

Base Year:

2022

Forecast Period:

2018 - 2026

Historical Data:

2018 to 2018

Market Size in 2018 :

USD 17.92 billion

Forecast Period 2023 to 2029 CAGR:

7.4%

Market Size in 2026 :

USD 31.54

Oil Country Tubular Goods Market Key Highlights:

Global Oil Country Tubular Goods Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Oil Country Tubular Goods Market

Global Oil Country Tubular Goods Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Oil Country Tubular Goods Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study.

Global Oil Country Tubular Goods Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Oil Country Tubular Goods Market are also profiled.

 The global Oil Country Tubular Goods Market report focuses on major six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis, and Porter’s five force analysis. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

COVID-19 Impact:

The updated report, a free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Oil Country Tubular Goods Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

How the industry is coping with the pandemic?

Slowly and gradually economic activity is up and running now which may help the industry to get back to its feet as soon as possible.

The Key Manufacturers Covered in this Report:

ArcelorMittal SA EVRAZ North America ILJIN Steel Corporation JFE Steel Corporation. National-Oilwell Varco Inc Oil Country Tubular Limited Sumitomo Corporation Tenaris TMK Ipsco Enterprises Inc. and U.S. Steel Corporation.

Key Player's information includes:

Key Company Profile

Important Market Information

SWOT Analysis

Market Share

Sales, Revenue, Price, and Gross Margin

Segmented into:

Segmentation

By Process

Seamless

Welded

By Product

Well Casing

Production Tubing

Drill Pipe

Others

By Application

Onshore

Offshore

Region-Wise Classification of the Oil Country Tubular Goods Market:

North America

South America

Europe

Asia-Pacific

Africa

Middle East

Report Highlights:

Detailed Overview

Market Dynamics

Detailed Market Segmentation

Historical, Current, and Projected Market Size in terms of volume and value

Market Trends and Developments

Competitive Landscape

Strategies of Key Players

Potential and Niche Segments

Key Questions Answered in Oil Country Tubular Goods Market Size:

1) What is the market size and CAGR of the global as well as the regional market?

2) What are the key players operating in the global Oil Country Tubular Goods Market?

3) What are the drivers, restraints, and growth opportunities of the market?

4) What are key technological trends in the market?

5) What are the various regions and sub-regions with leading contributions in the market?

On-demand Custom Research Report:

This report also offers specific consumer preferences and expectations to gain insights into changing needs and behavior of the consumer. We focus on more usefulness and actionable information specifically tailored to suit your business needs.

Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/101396

About Fortune Business Insights

The cycle of disruption and transformation is imminent for businesses looking to carve out a niche in highly competitive environments. While a few companies are focusing on transformational growth and addressing key challenges of disruptions, several others are simply unaware. At Fortune Business Insights we offer end-to-end solutions beyond flagship research technologies to help senior leaders across enterprises achieve their mission-critical goals. We deliver recommendations enabling growth to help build the organizations of tomorrow.

[snehapatilmrfr]

Oil Country Tubular Goods  Market Forecast 2026 

The data experts at Market Research Future Reports (M.R.F.R.) have analyzed the global oil country tubular goods market. They have established that the market is projected to grow significantly during the assessment period.

[philipusa86]

Oil Country Tubular Goods Market & Analysis

The global oil country tubular goods OCTG market is estimated to garner a revenue of USD 40.0 Billion by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031.

[witherpro3355]

“Oil Country Tubular Goods Market” report provides a detailed analysis of global market size, regional and country-level market size, segmentation, market growth, market share, and competitive landscape.

[hallsara139]

Get an extensive Global Oil Country Tubular Goods (OCTG) Market analysis of the dominant vendors, their latest products and services, and the competitive landscape of the industry.

[super-brandessence1]

Global Oil Country Tubular Goods (OCTG) Market Research Report 2019 Analysis and Forecast to 2025

[techsciresearch]

Oil Country Tubular Goods (OCTG) Market to Reach $ 21.7 Billion by 2025 – TechSci Research

Rising demand for oil & gas and increasing exploration & production activities to drive global oil country tubular goods market until 2025

According to TechSci Research report, “Global Oil Country Tubular Goods (OCTG) Market By Manufacturing Process, By Grade, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025”,  the global OCTG market is projected to reach $ 21.7 billion by 2025 due to increasing oil & gas exploration & production activities coupled with continuing advancements in technological landscape. In 2018, the global oil production rate grew up by 2.2 million barrels a day, which is more than double compared to its average in 2018. As the production rate is increasing so does the drilling activities, which continues to positively impact the global OCTG market. North America and MEA would continue to be the major markets, with both the regions cumulatively accounting for around two-thirds of the global OCTG market in 2019. However, the current global economic slowdown and spread of COVID-19 pandemic is posing a major threat that would severely affect the global OCTG market in the near term.

Browse 131 market data Figures spread through 110 Pages and an in-depth TOC on   " Global Oil Country Tubular Goods (OCTG) Market "

https://www.techsciresearch.com/report/oil-country-tubular-goods-market/4721.html 

In terms of manufacturing process, the global OCTG market is categorized into Electrical Resistance Welded and Seamless segments, with Seamless segment leading the market on account of higher user preference in harsh drilling environments. Nevertheless, the welded segment will also grow as these pipes are quite cost-effective. In Application segments, the global oil country tubular goods market is categorized into Onshore & Offshore, with Onshore segment accounting for around 80% of the market share. In terms of Product segments, the global OCTG market is categorized into Well Casing, Production Tubing, Drill Pipe and Others segments. Well Casing segment accounts for the largest share in the market, followed by Production Tubing and Drill Pipe segments.

Download Sample Report  @ https://www.techsciresearch.com/sample-report.aspx?cid=4721  

Customers can also request for 10% free customization on this report.

Some of the major players operating in the global Oil Country Tubular Goods market include MRC Global, JFE Steel Corporation, TMK Ipsco Enterprise Inc., National Oil Well Varco Inc., Tenaris SA, Jindal SAW Ltd., Arcelor Mittal S.A., Nippo Steel & Sumitomo Metal Corporation, Vallourec, U.S. Steel Tubular Products Inc., among others. “Huge investments in upstream sector coupled with favorable policies and regulations in oil & gas sector, globally, will continue to boost the global OCTG market during the forecast period. Boom in horizontal drilling and multilateral drilling is also expected to positively influence the market in the coming years. Moreover, unconventional exploration activities such as shale gas, CBM, tight gas, etc., are also anticipated to fuel the market over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Oil Country Tubular Goods (OCTG) Market By Manufacturing Process, By Grade, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025” has analyzed the potential of OCTG market across the globe, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by the industry.

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[rahulpande15]

OCTG Market Segmentation & Key Trends To 2030

Oil Country Tubular Goods (OCTG) Market Top Companies

The major companies profiled in this OCTG market report include ArcelorMittal SA, EVRAZ North America, ILJIN Steel Corporation, JFE Steel Corporation. National-Oilwell Varco Inc, Oil Country Tubular Limited, Sumitomo Corporation, Tenaris, TMK Ipsco Enterprises Inc., and U.S. Steel Corporation.

According to a new report published by Allied Market Research, titled, The global Oil Country Tubular Goods market size was valued at $20.9 billion in 2020, and projected to reach $37.5 billion by 2030, with a CAGR of 6.5% from 2021 to 2030.

North America is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.

As per global Oil Country Tubular Goods market analysis, by application, the onshore segment accounted for the largest share in 2020.

On the basis of manufacturing process, the electric resistance welded segment was the major share contributor in 2020.

Get Free Report Sample PDF @ https://www.alliedmarketresearch.com/request-sample/9393

Oil and gas play major role for the development of the economy of the world. The rise in the consumption of oil and gas has resulted in increase in exploration of oil and gas. The shale revolution in the U.S. has positive impact on the development of the market. In the coming years, the U.S. is expected to become the net exporter of natural gas due to increase in the extraction of the shale gas. Exploration and increase in productivity of oil and natural gas are stimulated due to the increase in the demand for oil and gas around the world. The presence of major oil and gas service firms has boosted the drilling operations across the world that is driving the growth of the Oil Country Tubular Goods industry.

The presence of political policies and economy stability in various developed countries has banned advanced technology, which can increase the efficiency and safety of exploration & transportation of the oil & gas. The government policies to develop the GDP of the country and save local enterprises from other manufacturing firms hamper the development of the oil country tubular goods market.

On the basis of manufacturing process, the global Oil Country Tubular Goods market is segmented into Electric Resistance Welded and Seamless. On the basis of product, the market is segmented into well casing, product tubing, drill pipe, and others. On the basis of application, the global Oil Country Tubular Goods market is segmented into onshore and offshore. On the basis of grade, it is fragmented into API grade and Premium grade.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.

Rapid industrialization and modernization has led to the increase in the demand for energy resources and chemical raw materials, which in-turn has fueled the demand for Oil Country Tubular Goods. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and joint venture in the development of the high quality OCTG products from manufacturers have helped to attain key developments in the global Oil Country Tubular Goods market trends.

Impact Of Covid-19 On The Global Oil Country Tubular Goods Market

Emergence of COVID-19 had a negative impact on the growth of the Oil Country Tubular Goods market during this period.

This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand power hence decrease in the demand for Oil Country Tubular Goods market during this period.

The increasing demand for environment friendly resources and increase in awareness among the people regarding the advantages of the power generate from solar panels towards environment will provide good opportunities for the growth of Oil Country Tubular Goods market.

Browse Complete Report @ https://www.alliedmarketresearch.com/oil-country-tubular-goods-octg-market-A09028

Oil Country Tubular Goods is a family of seamless rolled products consisting of drill pipe, casing, and tubing subjected to loading conditions according to their specific application.

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[tumb11]

U.S Powerful Discharge Tube Market 2022 Analysis, Research Study With SINGI, TDK, UN Semiconductor, SOCAY

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[vikaschauhanwriter]

Oil Country Tubular Goods Market Size 2022-2027: Share, Growth, Analysis

[snehapatilmrfr]

Oil Country Tubular Goods Market Size, Share, Trends, Growth and Regional Forecast 2026

Market Research Future published a research report on “Oil Country Tubular Goods Market Research Report - Global Forecast till 2026” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2026.

Market Highlights

Based on the manufacturing process, the Impact of COVID-19 on Global Oil Country Tubular Goods (OCTG) Market is divided into electric resistance welded (ERW) and seamless. ERW pipes are made using steel coils in a roll form. In this process, the coil is cut, smoothened, and then formed into a pipe shape by joining the two contacts and welding them electrically. ERW pipes are available in sizes ranging from 1/8 inch to 24 inches in carbon steel and stainless steel varieties. The low cost of the pipes and easy availability of the pipes has resulted in increased adoption of these pipes in the oil & gas industry. Seamless pipes are manufactured using steel billets that are heated, rolled, and stretched to make tubular sections until it meets the required length, diameter, and wall thickness. These pipes do not have joints and thus do not require welding as they are made of a solid block of steel. Due to the absence of seams and joints, seamless pipes provide higher efficiency and tensile strength. They come with a wall thickness that ranges from sizes 1/8 inch to 26 inches.

Based on grade, the  Impact of COVID-19 on Global Oil Country Tubular Goods (OCTG) Market is segmeted into API grade and premium grade. In 2018, the API grade segment held a larger market share of the global oil country tubular goods (OCTG) market and is expected to hold a larger market share during the forecast period. This is primarily due to the easy availability of a wide range of cost-efficient products in the API grade segment. Oil and gas reserves on onshore fields are usually located at smaller depths from the surface, leading to the higher use of API grade products. Additionally, the lower costs of API grade products compared to the premium grade products is the major factor driving this segment. However, the premium grade segment includes both premium and semi-premium grade products. Premium grade products have better product quality than API grade products, and thus are increasingly being used in drilling and production activities such as extended reach wells, directional drilling, and deep well drilling. For instance, Vallourec offers premium-grade Cleanwell Dry connections, which are highly corrosion resistant and improve the performance of the overall equipment. The share of the premium grade segment is growing in the global market, primarily due to the increase in the adoption of unconventional drilling methods.

Available Exclusive Sample Copy of this Report @ https://www.marketresearchfuture.com/sample_request/9543

Competitive Landscape

The Major Players in the Global Oil Country Tubular Goods Market are Tenaris S.A. (US), TMK Group (Russia), Vallourec (France), National Oilwell Varco (US), Benteler Group (Austria), Tata Steel (India), Nippon Steel Corporation (Japan), JFE Holdings, Inc. (Japan), Continental Alloys & Services (US), ACE O.C.T.G. Ltd (Malta), Jindal Saw Ltd. (India), United States Steel Corporation (US), ISMT LTD (India), Corpac Group (US), and ArcelorMittal (Luxembourg).

Segmental Analysis

This study provides an overview of the global oil country tubular goods market, tracking two market segments across five geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global oil country tubular goods market by manufacturing process, grade, and region.

By Manufacturing Process

Electric Resistance Welded (ERW)

Seamless

By Grade

API grade

Premium grade

By Regions

North America

Europe

Asia-Pacific

Middle East & Africa

South America

Market Research Analysis

In terms of region, the global market for the oil country tubular goods is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America dominates the global oil country tubular goods market. The increasing well drilling, rise in exploration and production activities in the oil & gas industry, and growing production of sour crude are expected to drive the oil country tubular goods market in the region.  

The US is one of the most industrialized countries in the world, and the increasing investments in the oil & gas industry and the exploration of the oil reserves has led to the development of oil country tubular goods (OCTG) market in the region. According to the U.S. Energy Information Administration (EIA), the US is expected to be the major oil producer globally owing to the rise in demand for oil production between 2018 and 2026. Moreover, the US is likely to export 8.93 million BPD, globally by 2026, thereby surpassing Russia and catching up to Saudi Arabia in terms of gross oil exporters. As the production of oil and gas increases in the US, the use of OCTGs in horizontal and vertical drilling activities are expected to grow, consequently. These factors together drive the growth of the oil country tubular goods (OCTG) market in the US during the forecast period.

Browse Complete Report Details with Table of Content and Figures @ https://www.marketresearchfuture.com/reports/oil-country-tubular-goods-market-9543

Impact of COVID-19 on Global Oil Country Tubular Goods (OCTG) Market Table of Content (TOC):-

Market overview

Global Oil Country Tubular Goods Market competition by manufacturers, type and application

Analysis of the global market by the manufacturer

Global Oil Country Tubular Goods Market manufacturing analysis

Industrial Chain, sourcing strategy and downstream buyers

Marketing strategy analysis, distributors/traders

Global market forecast 2019-2026

Conclusion

Appendix

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