Global Oil Country Tubular Goods Market Analysis by Geography, Grade (API, Premium), Product, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 128 | Published By - Mordor Intelligence

Report Highlights

The Global Oil Country Tubular Goods Market is projected to witness CAGR of 5.5% from 2014 to 2022.

Pipeline and tube products such as drill pipe, tubing and pipe casings that are utilized in the petroleum industry are called oil country tubular goods. They are one of the key components in oil and gas exploration and production segments.  

Depending on the geology and other conditions of the oil and gas field, right selection of oil country tubular goods can prevent any hazard and any risk associated with operating an oil and gas field.

North America leads the market in terms of demand and is closely followed by Asia-Pacific. Asia-Pacifics exploration activity is at an all-time high from the last four-five years thanks to shale boom in some countries such as China. Decent market opportunity exists for this market in Europe, as the North Seas new exploration activity is now moving in to deeper waters which require much sophisticated equipment. Countries such as the Netherlands and Norway present a decent market opportunity for oil country tubular goods.

Ever-growing energy demand, increased offshore exploration activity across the globe which often going in to deeper waters, several operators efforts to find new oil and gas reserves, and rise in exploration activities in unconventional reserves are driving the market. On the flipside, Eccentric Crude Oil Market, high initial investments, lack of skilled labor, and operational challenges such as harsh weather conditions are restraining the market from growth.

This report exhaustively analyzes the Oil Country Tubular Market by segmenting it based on geography,  Grade (API, Premium) and By Product.  Estimates in each segment are provided for the next five years. Key drivers and restraints that are affecting the growth of this market were discussed in detail. The study also elucidates on the competitive landscape and key market players.
 

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