DALLAS, December 12, 2014 /PRNewswire/ --
ReportsnReports.com adds Global Oil Country Tubular Goods (OCTG) Market 2015-2019 and Oil Country Tubular Goods Market by Grade (API, Premium), by Product (Seamless, ERW), & by Geography (North America, South America, Europe, Asia-Pacific, Africa, and Middle East) - Global Trends & Forecast to 2019 research reports to its online store.
The Global OCTG market is forecast to grow at 8% CAGR over the period 2014-2019 with growing oil and gas exploration as one of the major industry drivers and the market trend of growing investment in unconventional oil and gas sources. The Global OCTG Market 2015-2019 report is a detailed study based on geography (the APAC and EMEA regions, and the Americas) and product types (seamless pipes and welded pipes). It has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global OCTG market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
OCTG is a set of equipment used in the drilling and extraction of on-shore and off-shore oil and gas. OCTG consists of drilling pipes, casing pipes, tubing pipes, and other line pipes used in the production and transportation of oil from wells to refineries. Casing pipes are placed at a wellhead to extract oil during the drilling process. Tubing pipes are inserted in the well after the completion of the drilling process and are used to transport oil and gas from wellbore to the surface. The diameter of a wellbore pipe decreases as it reaches the oil beds.
Companies of the OCTG market discussed in this research include Nippon Steel and Sumitomo Metal, Tenaris, TMK Group, United States Steel, Vallourec, ACE OCTG, Benteler International, Cressman Tubular Products, Kelly Pipe, Lone Star Technologies Inc., OCTG and Tubular Services. Order a copy of this 68 pages global OCTG research report at http://www.reportsnreports.com/Purchase.aspx?name=319928 .
The Oil Country Tubular Goods Market by Grade (API, Premium), by Product (Seamless, ERW), & by Geography (North America, South America, Europe, Asia-Pacific, Africa, and Middle East) - Global Trends & Forecast to 2019 research report estimates the oil country tubular goods market in terms of volume and value. The volume of this market is estimated in terms of Kilotons (kt) and value in terms of $million. This has been broken down into component regions and further split into countries. Oil country tubular goods are required throughout the lifecycle of an oil and gas well. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the OCTG market. However, issues associated with the cyclical nature of tube market and emphasis on renewable sources of energy will slightly affect the growth of this market. With competition growing vigorous and increase in concern for environmental safety, the companies have started differentiating the products for OCTG market. These reasons will result in the market witnessing a higher growth rate in the demand for premium product type such as OCTG.
According to this oil country tubular goods industry research, Asia-Pacific market had the largest share in the global OCTG consumption in 2013. In Asia-Pacific, China is the largest market which will continue to dominate the OCTG industry. North America follows the Asia-Pacific market with U.S. being the most influential player due to activities in abundant shale reserves. The OCTG market is segmented in six regions, namely North America, South America, Europe, Africa, Asia-Pacific, and the Middle East. The OCTG market is further segmented on the basis of major countries in the region. Complete report is available at http://www.reportsnreports.com/reports/289060-oil-country-tubular-goods-market-by-grade-api-premium-by-product-seamless-erw-by-geography-north-america-south-america-europe-asia-pacific-africa-and-middle-east-global-trends-forecast-to-2019.html .
The report also touches on various other important aspects of the oil country tubular goods market. It includes an analysis of the value chain, Porter's Five Forces Analysis, the competitive landscape, and premium insights of the OCTG market. Various secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive commercial study of the global oil country tubular goods market. The primary sources-experts from industry and suppliers- have been interviewed to obtain and verify critical information as well as to assess the future prospects of the OCTG market.
Oil country tubular goods market companies profiled in this report include Tenaris (Luxembourg), Vallourec (France), TMK group (Russia), United States Steel Corporation (U.S.), Nippon Steel and Sumitomo Metal Corporation (Japan), National Oilwell Varco(NOV)(U.S.), JFE Steel Corporation(Japan), Jindal Saw Limited (India), MRC Global (U.S.) and ArcelorMittal (Luxembourg). Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=289060 .
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