• Future Growth of Global OCTG Industry is expected to be led by China and NAFTA |
• Industry consolidation by the means of mergers and acquisitions is anticipated to present huge opportunities for both small and large players in the Global OCTG industry.
Ken Research announced its latest publication on “Global OCTG Market Outlook to 2018-Rising Level of Deepwater Exploration to Stimulate Market Growth”, which provides detailed overview of OCTG market worldwide. The report 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.
The OCTG market is a very niche segment of oilfield services industry, yet plays a significant role in the overall exploration and production (E&P) of crude oil. OCTG products are critical components in the production of oil and gas from the reservoir. The global OCTG market has been growing significantly during the past few years majorly due to amplification in global rig count, seamless OCTG capacity expansion and increased global crude oil consumption which peaked at 91.3 million barrels per day in 2013.
The Global OCTG market is comprised of large companies such as Tenaris, Vallourec, TMK and the US Steel which posses a large product portfolio of OCTG products. The Global OCTG market revenue has grown at a CAGR of 5.1% from 2008-2013.
According to the research report, the Global OCTG market will grow at a considerable CAGR of 4.3% thus inclining to USD ~ billion by 2018 due to the increasing exploration and production investments across the globe and rising level of consolidation in the industry.
“A hike in the investment activity, technological advancements and rising level of onshore and deepwater exploration will result in market growth and the capital will become more accessible. Additionally, low-cost OCTG providers, cyclical nature of steel industry and depletion of oil and gas resources are few major challenges which will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.
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
Related Reports: Middle-East Naphtha Market Outlook to 2018- Refineries-Petrochemicals Integration to Drive Naphtha Market Global Enhanced Oil Recovery (EOR) Industry Outlook to 2018 - EOR Applications in Mature Oil Reserves to Drive the Industry Growth Iraq Drilling and Oilfield Services Industry Outlook to 2018 - Rising Crude Oil Production and Oil Revenue to Spur Growth
Contact: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249
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