Report Feature
Global octg market is expected to grow at a CAGR of 3.7% over the next five years from 2015 to 2020. The major drivers of this market are increasing oil and gas drilling activities, increasing oil wells per rig, and growing shale gas exploration activities. Increasing investment in unconventional oil and gas sources increases
drilling activities, which drives the oil country tubular goods market. North America has been the top region in terms of total oil country tubular goods market, whereas Rest of the World (ROW) showed the highest CAGR from 2009 to 2014 due to a rapidly increasing demand in the Middle East and Latin America.Some of the important
emerging trends which have a direct impact on the dynamics of the octg industry include growing consumption of premium pipes and advent of technologically advanced pipes.
A total of 87 figures / charts and 14 tables are provided in this 147-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the octg market report, download the report brochure.
The study also includes octg market size and forecast for global octg market through 2020 by value ($B) and volume (M T) segment breakdown by region, product, and metal grade type as follows:
- North America
- Europe
- Asia Pacific
- Rest of the World
- Seamless Pipes
- Welded Pipes
- Others
- API Standard Pipes
- Premium Pipes
On the basis of its comprehensive research, Lucintel forecasts that the welded pipe segment in the North American region is expected to have the highest growth rate in the forecast period due to the active participation of companies, as they are focusing on cost cutting strategies in production of oil and gas. The others pipe segment, which includes FRP pipes, is expected to show the highest growth potential during the forecast period. With an increase in new exploration of oil wells from unconventional sources, the demand of the seamless pipe segment is also expected to increase. APAC and ROW regions are expected to depict above average growth during the forecast period due to strong growth in exploration and production of oil and gas.
- Market size estimates: Global octg market size estimation in terms of volume (MT) and value ($B) shipment.
- Trend and forecast analysis: Global octg market trend (2009-2014) and forecast (2015-2020) by regions and by segments.
- Segmentation analysis: Global octg market size by various product types such as seamless pipes, welded pipes and others both in terms of volume and value shipment.
- Regional analysis: Global octg market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of octg market.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of octg suppliers.
- Emerging applications: Emerging applications of global oil country tubular goods in various markets.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Table of Contents
List of Figures
List of Tables
Methodology
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
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