Global Oil Country Tubular Goods Market Research and Forecast Report 2022-2027 © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Oil Country Tubular Goods Market Research Report: According to the latest report by IMARC Group, titled “ Oil Country Tubular Goods Market: Global Industry Trends, Share, Size, Growth, Opportunity and For ecast 2022-2027 ,” the global oil country tubular goods market reached a strong growth in 2021. Oil country tubular goods, or OCTG, are seamless or welded rolled products employed in drilling, equipment, and operating wells for oil and gas production. They comprise drill pipe, casing, and tubing manufactured using high-strength corrosion-resistant steel alloys or carbon. The drill pipes rotate the drill bit and circulate drilling fluid. In contrast, casing pipes line the borehole to avoid groundwater contamination, provide stability, and prevent the wellbore from collapsing while drilling. On the other hand, tubing transports pumped oils and gases to the surface. As a result, OCTG products are widely utilized to facilitate safe and efficient oil and gas transportation Request Free Sample Report: https://www.imarcgroup.com/oil-country-tubular-goods-market/requestsample
Report Description and Highlights Report Description Global Oil Country Tubular Goods Market Trends : The global oil country tubular goods market is primarily driven by the expanding oil and gas industry and the rising exploration and production (E&P) activities. Additionally, there has been widespread product adoption in drilling operations due to the shifting focus toward developing deep-water and offshore reserves. Along with this, the growing usage of OCTG to explore onshore oil fields and develop various chemical products and fuels has augmented the product demand. Furthermore, the increasing utilization of horizontal drilling and hydraulic fracturing technology to release long-held shale reserves has accelerated the adoption of OCTG products. Other factors, including the surging popularity of premium grade OCTG, favorable government initiatives, escalating demand for energy resources, and technological advancements, are also anticipated to catalyze the market growth in the coming years. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Report Description and Highlights Report Description Market Summary: •Breakup by Product: • Well Casing • Product Tubing • Drill Pipe • Others •Breakup by Manufacturing Process: • Electric Resistance Welded (ERW) • Seamless •Breakup by Grade: • API Grade • Premium Grade •Breakup by Application: • Onshore • Offshore
Report Description and Highlights Report Description Breakup by Region: •North America • United States • Canada •Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others •Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others
Report Description and Highlights Report Description •Latin America • Brazil • Mexico • Others •Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • •
ArcelorMittal S.A. EVRAZ plc Iljin Steel Co. Ltd. (ILJIN Group) JFE Steel Corporation Nippon Steel Corporation NOV Inc. Oil Country Tubular Limited Sumitomo Corporation Tenaris S.A. (Techint) TMK Group United States Steel Corporation Vallourec S.A.
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© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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