Oil Country Tubular Goods Market

Oil Country Tubular Goods Market by Manufacturing Process (Seamless, Electric Resistance Welded) by Grade (Premium Grade, API Grade) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Oil Country Tubular Goods in terms of revenue?

    The global Oil Country Tubular Goods valued at 22 Billion in 2020 and is expected to reach 37.8 Billion in 2028 growing at a CAGR of 7%

  • Which are the prominent players in the market?

    The prominent players in the market are ILJIN Steel Co. Ltd., Sumitomo Corporation, JFE Steel Corporation, Tenergy Equipment & Service Ltd., National Oilwell Varco, SB International Inc., United States Steel Corporation, ArcelorMittal, Schlumberger, Tenaris, Weatherford, EVRAZ North America, TMK, Vallourec..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 7% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Oil Country Tubular Goods include

    • The demand for oil country tubular goods market is boosted by high exploration as well as production activities happening, growth in proven shale reserves, with escalating investments from oil and gas operators. The trend is expecte to continue with the current growth in offshore activities and shale reserve exploratory activities.
    • Development has now become a prime concern in countries all over the world and for development the requirment of energy is must. With the increase in demand for energy the market is leading to the increase the prices of oil and gas , which is through positive impact on an increase in exploration and development activities all over and generating growth and demand for OCTG.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Oil Country Tubular Goods in 2020.

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