Oil Country Tubular Goods Market
Oil Country Tubular Goods Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0468
Segments Covered
By
Manufacturing Process Seamless, Electric Resistance Welded
-
By
Grade Premium Grade, API Grade
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
22 Billion |
 Revenue 2028:
|
37.8 Billion |
 Revenue CAGR
(2021 - 2028): |
7 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Manufacturing Process, Grade,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Manufacturing Process,
the market is divided into Seamless, Electric Resistance Welded. Seamless held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Grade,
the market is divided into Premium Grade, API Grade. Premium Grade attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Oil Country Tubular Goods Market: Manufacturing Process Segment Analysis
-
- Seamless
- Electric Resistance Welded
Global Oil Country Tubular Goods Market: Grade Segment Analysis
-
- Premium Grade
- API Grade
FAQ
Frequently Asked Question
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.
