DUBLIN, July 14, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Oil Country Tubular Goods Market by Grade, by Product, & by Geography - Global Trends & Forecast to 2019" report to their offering.
The Oil Country Tubular Goods (OCTG) market is witnessing a high growth due to an increase in the number of exploration and development activities in all the countries across the world. The production of oil and gas requires various kinds of OCTG.
The OCTG market is estimated to reach about $59 billion by 2019, signifying a firm growth rate of over 7.2% from 2014 to 2019.
Development is a prime concern in countries all across the world, and to develop, one requires energy. The increase in demand for energy is leading to an increase in oil and gas prices, which is in turn resulting in an increase in exploration and development activities and furthermore catalyzing the demand for OCTG. The major trends which trigger the growth in the OCTG market are increased global rig counts, increased exploration and production activities, rise in unconventional reserves, and growing horizontal and directional drilling.
Geographically, different regions such as Asia-Pacific, Europe, the Middle East, Africa, North America, and South America have been studied.
The value of the market for Oil Country Tubular Goods is analyzed in detail for all the major countries in specific regions.
The study covers different strategies such as contract agreements, equipment supply, mergers & acquisition, geographical expansions, and others.
Tenaris (Luxembourg), Vallourec (France), TMK group (Russia), United States Steel Corporation (U.S.), Nippon Steel and Sumitomo Metal Corporation (Japan), and National Oilwell Varco (NOV) are the current leaders in the OCTG market.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Oil Country Tubular Goods Market, By Geography
6 Oil Country Tubular Goods, By Product
7 Oil Country Tubular Goods Market, By Grade
8 Competitive Landscape
9 Company Profiles
- Jfe Steel Corporation
- Jindal Saw Ltd.
- Mrc Global
- National Oilwell Varco (Nov)
- Nippon Steel & Sumitomo Metal Corporation
- Tenaris Sa
- Tmk Group
- United States Steel (Uss) Corporation
For more information visit http://www.researchandmarkets.com/research/dw29sn/oil_country
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SOURCE Research and Markets