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
Research Methodology: Oil Country Tubular Goods Market - Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Oil Country Tubular Goods market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Oil Country Tubular Goods market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Oil Country Tubular Goods market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
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.
