The Oil Country Tubular Goods are the components that are used in the production of oil and gas from the well. The proper use of Oil Country Tubular Goods could help reduce the probabilities of any mishap, hazard, and risks that ultimately save the production cost of the company. It includes, casing, drill pipe, tubing etc. Economic development is the prime concern of any developing country and the upsurge in production activities will lead to fulfilment of the demand for natural resources. This will ramp up the production and exploration activities in oil and gas sector, which will eventually lead to the growth of global OCTG market.
Oil Country Tubular Goods Market Segments Analysis:
The global oil country tubular goods market is segmented on the basis of type, make, grade and regions.
On the basis of type, the global oil country tubular goods market segmented into tubing, casing, and drill pipe. Tubing is the inner wall of well, which helps transport the fluid from bottom to top. Casing protects the layer of soil, groundwater contamination by drill mud or fracking fluid and lastly. Drill pipes are durable steel pipes that conduct the force to drill bits.
On the basis of grade, the global oil country tubular goods market segmented into premium and API, which are the grades of steel pipe that require on the basis of their properties like ductility, temperature and thermal compatibility.
On the basis of make, the global oil country tubular goods market segmented into welding or seamless.
The global OTCG market is segmented by region North America, Europe, Asia Pacific, Middle East and Latin America.
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Geographic Analysis:
Regionally, North America has been the highest growth market in last decade, is likely to grow further. Countries such as U.S. and China are also in the inline to drive the production and OCTG markets. Particularly, in U.S. the rig count has increased by ~135 than last year operated by Baker Hughes. Within Asia Pacific, the rig count in Australia has increased by ~15; increasing the rig count of Asia Pacific by ~12%. China is also increasing their drilling and production activities for improvement of the economy. As drilling activities ramp up, there will be a rise in the manufacture of tools related to drilling activity, especially for the service providers.
Competitive Analysis:
The prominent players in global oil country tubular goods market are Nippon Steel & Sumitomo Metal Co. (Japan), Vallourec (France), Tenaris(Europe), National Oilwell Varco (U.S.), TMK (U.S.), Steel Tubular Products Inc(NA)., ILJIN STEEL CO (S. Korea), Continental Alloys (Malaysia), Anhui Tianda Oil Pipe Company(China).
TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continue….
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