Global OCTG (Oil Country Tubular Goods) Market: Industry Analysis & Outlook 2018-2022
DUBLIN, May 22, 2018 /PRNewswire/ --
The "Global OCTG (Oil Country Tubular Goods) Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
Oil Country Tubular Goods (OCTG) comprises of a wide range of steel tubular products that are used in Oil and Gas exploration and production and in particular drilling. They can be Seamless and Welded Pipes (Electric Resistance Welding (EWR) and come in various sizes and length. The process of manufacturing of seamless and welded pipes and tubes is different with the seamless pipes designed to bear much higher stress. OCTG generally includes three categories of products - drill pipe, casing, and tubing.
The OCTG market is a highly competitive sector and with the upsurge in the number of drilling and exploration activities in unconventional reserves, the competition has progressed to a higher level. Moreover, technological advances and rapid economic development in the developing countries are some of the other vital factors that have been guiding the demand for energy. This has propelled the market growth of OCTG over the years.
The key factors driving the growth of OCTG market are increasing demand for oil & gas, accelerating economic growth, rising energy consumption, growing shale oil production and increasing investment in offshore drilling exploration activities. The noteworthy trends that can be witnessed in this industry is accelerating rig count and upsurge in footage of wells drilled. However, the expansion of the market is hindered by the challenges such as depletion of oil and gas reserves, volatile crude oil prices, environmental issues and the international political and economic instability.
The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Nippon Steel & Sumitomo Metal Corporation, Tenaris S.A, TMK and Vallourec. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
Key Topics Covered:
1. OCTG Market - An Overview
1.1 Introduction
1.2 Types of OCTG Products
1.3 Types of Oil Country Tubular Goods (OCTG) Pipes
1.4 Comparison of Seamless and Welded Pipes
1.5 Oil Country Tubular Goods (OCTG) Manufacturing Process
2. Global OCTG Market
2.1 Global OCTG Market by Value
2.2 Global OCTG Market Forecast by Value
2.3 Global OCTG Demand by Volume
2.4 Global OCTG Demand Forecast by Volume
2.5 Global OCTG Demand by Region
2.6 Global OCTG Demand - Shales vs. Others
2.7 Global OCTG Demand Forecast - Shales vs. Others
2.8 Global Drilling Activity by Region
2.9 Global Deep Water OCTG Consumption by Volume
2.10 Global Deep Water OCTG Consumption Forecast by Volume
2.11 Global Seamless OCTG Production and Capacity by Volume
2.12 Global Seamless OCTG Production and Capacity by Volume
2.13 Global Seamless OCTG Production by Region
2.14 Global Seamless OCTG Consumption by Region
3. Regional Market Analysis
3.1 The US
3.1.1 The US Rig Count
3.1.2 The US Rig Count Forecast
3.1.3 The US OCTG Consumption by Volume
3.1.4 The US OCTG Consumption by Volume Forecast
3.1.5 The US OCTG Consumption by Segment
3.1.6 The US Distributor Welded OCTG vs. HRC Prices
3.1.7 The US Distributor Seamless OCTG vs. Scrap Prices
3.2 Russia
3.2.1 Russian OCTG Market by Volume
3.2.2 Russian OCTG Market Forecast by Volume
3.2.3 Russia OCTG Market Share by Product
3.2.4 Russian Annual Development Drilling Program
3.2.5 Russian Annual Development Drilling Program
3.2.6 Russian Tube and Pipe Market by Volume
3.2.7 Russian Tube and Pipe Market Forecast by Volume
3.3 China
3.3.1 China's Seamless OCTG Production and Capacity by Volume
3.3.2 China's Seamless OCTG Production and Capacity by Volume Forecast
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Demand for Oil & Gas
4.1.2 Accelerating Economic Growth
4.1.3 Rising Energy Consumption
4.1.4 Growing Shale Oil Production
4.1.5 Increased Investment in Offshore Drilling Exploration Activities
4.2 Key Trends
4.2.1 Accelerating Rig Count
4.2.2 Upsurge in Footage of Wells Drilled
4.3 Challenges
4.3.1 Volatility of Oil Prices
4.3.2 Depletion of Limited Oil and Gas Reserves
4.3.3 International Political and Economic Instability
4.3.4 Environmental Issues
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
5.1.2 Global Premium OCTG Market Share by Company
5.2 Russia
5.2.1 Russia OCTG Market Share by Company
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/gwn96v/global_octg_oil?w=5
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