·
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.
 |
| Global OCTG Industry |
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:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communicationsinfo@kenresearch.com
+91-11-47017199
Ken Research
Ankur Gupta, Head Marketing & Communicationsinfo@kenresearch.com
+91-11-47017199
