The global OCTG market to grow at a CAGR of 6.214% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global OCTG market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the products in the market. It also includes the revenues generated from the replacement of previously used products. The report also includes a discussion of the key vendors operating in this market.
Increasing directional drilling activity worldwide is one of the major trends observed in the global offshore drilling market. The market for directional drilling is rapidly increasing because it enables drilling into the reservoirs where vertical drilling alone is not feasible. Moreover, directional drilling enables the grouping of wellheads together in one surface location. This makes the entire process easier and cost-effective and has less impact on the environment as multiple wells are bored from a single location.
According to the report, opening up of new avenues for oil and gas markets will drive growth in the market. As discussed in earlier sections, the era of easy oil is coming to an end. This has resulted not only in inflated costs of hydrocarbon acquisition but has also displaced oil drilling operations geographically. Much of the past century saw drilling operations being carried out at established locations worldwide. The major hydrocarbon-rich regions around the globe were identified in the early 20th century and most operations were based out of these areas for the next century or so. However, things have started to change significantly now and the E&P companies have started to look at unconventional avenues for hydrocarbon exploration.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- U.S. Steel
Other prominent vendors
- ACE O.C.T.G
- Corpac Steel Products
- JFE Steel
- Jindal Steel & Power
- Tata Steel
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/56vh6q/global_oil
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-oil-country-tubular-goods-market-2016-2020-opportunities-and-threats-faced-by-key-vendors---arcelormittal-nssmc-tenaris-tmk--us-steel-300358402.html
SOURCE Research and Markets