This Oil Country Tubular Goods market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Oil Country Tubular Goods market.
The prospects for oil country tubular goods in oil and gas industry are striking due to the increasing production activities in the industry. Owing to the high energy demand, the need for exploration activities and investments are increasing which is further driving the need of OCTG goods in the industry.
The growth in oil and gas industry is anticipated to fuel the growth of global oil country tubular goods market along with the increasing exploration from unconventional reserves. It has also upturned the OEM’s towards the launching of higher technology content to meet the new generation of challenges and demanding field conditions, thereby driving the demand for global oil country tubular goods across the globe.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Ever-increasing demand and succeeding energy production is considered as one of the biggest driver for the increasing demand of the oil country tubular goods and global oil country tubular goods market penetration. The key driving forces for the global oil country tubular goods market are increasing drilling and production activities, mounting shale gas exploration and rise in the number of oil wells per rig. Also, there is a growing investment in the unconventional sources of oil and gas which is rising the need of oil country tubular goods immensely.
Oil Country Tubular Goods Market: Segmentation
On the basis of product type, the global oil country tubular goods market is segmented as Seamless and Electric Resistance Welding (Welded) and Others (Fiber Reinforced Plastic)
On the basis of metal grades the global oil country tubular goods market is segmented as API and Premium.
Oil Country Tubular GoodsMarket: Region-wise Outlook
The global oil country tubular goods market is expected to register a favourable growth for the forecast period, 2015?2025. Asia-Pacific is likely to dominate the global oil country tubular goods market. The key countries in the mentioned region is projected to be China as an outcome of the strong growth in exploration and production of oil and gas. The North American market is expected to depict the high growth rate in the forecast period due to the abundant shale gas reserves resulting in the higher demand of drilling activities.
Oil Country Tubular Goods: Key Players
Some of the key market participants in global oil country tubular goods market are Arcelormittal, MRC Global, National Oilwell Varco, Jindal SAW Ltd, Nippon Steel & Sumitomo Metal Corporation, JFE Steel Corporation, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Oil Country Tubular Goods Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Oil Country Tubular Goods Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Oil Country Tubular Goods Market report?
In addition to up-to-date market figures and customized of the Oil Country Tubular Goods Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.