Patrocinado

Oil Country Tubular Goods Market 2022 Demand Overview, Production Value and Gross Margin - 2030

0
567

OCTG Market is projected to rise with CAGR of 7.09% through 2027. 

Oil country tubular goods (OCTG) market are components used in the production of oil and gas from wells. Proper use of OTCGs may help to reduce the probability of mishaps, hazards, and risks that eventually reduce the cost of production of a company. OCTGs are tubular products used in the production and exploration activities on offshore and onshore reserves. OCTGs are a group of seamless rolled products consisting of drill pipes, casings, and tubing, which are subject to loading conditions in accordance with their particular applications. These products are some of the critical tools used in the oil and gas exploration process.

Market Research Future (MRFR) report on the global oil country tubular goods market is a detailed assessment that provides a holistic overview of the industry. The report examines the COVID-19 overview of the global Oil Country Tubular Goods Market and offers a detailed summary of market segments, recent developments, growth forecasts, and market challenges from 2018 to 2026 (forecast period) to identify business opportunities.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/9543

Market Dynamics

Increased exploration & production (E&P) activities and increased production of sour crude are factors propelling the growth of the OCTG market. North America and the Middle East and Africa are the regions with the world's highest oil production. Moreover, the majority of the oil produced in these regions is sour crude. Oil production in these regions has increased steadily over the last few years due to the improvement of the global economy.

In addition, the sour crude prices are lower than the sweet crude prices due to the high refining costs of the latter. This is a crucial factor driving the increasing production of sour crude during the forecast period. As stated by the BP Statistical Review of World Energy in 2019, crude oil production in North America rose from 20,157 TBPD in 2017 to 22,587 TBPD in 2018. This figure is projected to increase further during the forecast period. In addition, the demand for diesel is increasing due to the rise in electricity generation and motor vehicle production. Sour crude is extremely corrosive, and high-quality OCTGs are used to mitigate the possibility of leakage into the surroundings. Owing to the highly corrosive nature, premium grade products that will be operable for a longer period in the oil well are mostly used to produce sour crude.

Market Segmentation

The global Oil Country Tubular Goods Market Size has been segmented based on the manufacturing process and grade. 

  • Based on the manufacturing process, the global oil country tubular goods market has been divided into electric resistance welded (ERW) and seamless. 
  • Based on grade, the global oil country tubular goods market has been divided into API grade and premium grade.

Regional Analysis

Region-wise, the global oil country tubular goods market has been segmented into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. 
North America is projected to retain a large market share during the forecast period due to increased well-drilling, increased exploration, and production activities in the oil and gas industry, and increased sour crude production.

Key Players

  • Tenaris S.A. (US)
  • TMK Group (Russia)
  • JFE Holdings Inc. (Japan)
  • Vallourec (France)
  • National Oilwell Varco (US)
  • Benteler Group (Austria)
  • Tata Steel (India)
  • Continental Alloys & Services (US)
  • ACE O.C.T.G. Ltd (Malta)
  • Jindal Saw Ltd. (India)
  • Nippon Steel Corporation (Japan)
  • United States Steel Corporation (US)
  • ISMT LTD (India)
  • Corpac Group (US)
  • ArcelorMittal (Luxembourg).

Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/oil-country-tubular-goods-market-9543

Tables Of Contents

1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Oil Country Tubular Goods Market, By Reactor Type
5 Global Oil Country Tubular Goods Market, By Strategy
6 Global Oil Country Tubular Goods Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures

Also Read @

https://icrowdnewswire.com/2021/01/18/oil-country-tubular-goods-market-2021-industry-analysis-growth-drivers-size-trends-future-insights-competitor-strategies-and-forecast-2023/

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

Contact:

Market Research Future
Phone:
+1 628 258 0071(US) 
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

Connect With Us @https://www.linkedin.com/posts/amar-nikade-015184214_oil-country-tubular-goods-market-size-share-activity-6816349887039385600-YmlI

Patrocinado
Pesquisar
Patrocinado
Categorias
Leia mais
Tech
Florida Gators Football Program Set to Drop New Air Jordan 5 Low Cleat PE
The college rugby season is approaching, 2021Shoes  and in the next few months, a new round...
Por Kate Bail 2021-09-02 01:49:08 0 785
Tech
heir Loss- Chris Paul upon crack with Rockets
This July, it will be almost 2 many years because Chris Paul was a member of the Houston Rockets....
Por Fdfdfds Fdyrt 2021-07-16 08:20:24 0 656
Tech
Assuming you truly do figure out how to get a solid group in the NBA draft
We love to see it. Personally, I'm still trying to find a next-generation gaming console for the...
Por Nfkja Sfas 2022-04-06 03:09:25 0 1KB
Tech
Smart Air Purifiers Market 2022: Leading Players, Size Value Analysis and Growth Drivers by 2030
Smart Air Purifier Market Overview: According to a comprehensive research report by Market...
Por Anand Agarwal 2021-12-29 07:41:01 0 570
Tech
Automotive Diagnostic Tool Market Research Report 2021 | Upcoming Market Growth, Trends, Analysis by 2027
Market Synopsis: Market Research Future (MRFR)’s assessment indicates that the global...
Por Market Research Future 2021-10-29 08:02:49 0 589