OCTG (Oil Country Tubular Goods) Market 2016-2019 Trends, Competitive Landscape & Forecasts Analysis
MarketReportsOnline.com adds “Global OCTG (Oil Country Tubular Goods) Market Report: 2016 Edition” report to its research store.
Pune, India – March 30, 2016 /MarketersMedia/ —
The oil country tubular goods (OCTG) sector involves companies whose work is to make steel products to be used while drilling oil and gas wells. These are hollow steel products of circular cross-section used in the oil and gas industry for exploration and production activities. OCTG includes generally three categories of products – drill pipe, casing, and tubing. OCTG products can be manufactured as seamless or welded tubes and pipes.
The Global OCTG (Oil Country Tubular Goods) Market Report: 2016 Edition research of 57 pages with 51 Charts and 7 Tables, 4 company profiles to the energy and power industry segment of its online data and intelligence library, Purchase a copy of this research report at USD 800 (Single User License) http://www.marketreportsonline.com/contacts/purchase.php?name=448401.
The OCTG manufacturers can generally either produce seamless or welded OCTG products and not both, as the capital investment to manufacture seamless OCTG is quite high in comparison to the investment required in manufacturing welded OCTG.
This report offers a comprehensive analysis of the global OCTG market. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. On the contention front, the global OCTG market is reined by few major players namely, Tenaris S.A., Vallourec, OAO TMK and Nippon Steel and Sumitomo Metal Corporation. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.
The key factors which are anticipated to drive OCTG market include increasing global demand for oil and gas, economic growth, investment growth in offshore exploration activities and no substitute sources present for the present forms of energy. The industry is facing a decline in demand because of the falling oil prices and the decline in global rig count. The regions undergoing rapid industrialization process in the developed countries like China, India and Gulf nations have shown positive signs but the market will take time to bounce back on a positive note. Some of the significant developments of this industry include fluctuating rig count growth, increasing global E&P spending, and increasing global steel demand. However, the growth of the industry is hindered by the falling crude oil and steel prices, depletion of energy reserves and effect on the environment.
Complete report available at http://www.marketreportsonline.com/448401.html.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the OCTG market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Major Points from Table of Contents (http://www.marketreportsonline.com/448401-toc.html) are Listed Below:
1. Market Overview
1.1 OCTG Market: An Introduction
1.2 Types of Oil Country Tubular Goods (OCTG) Pipes
1.3 Oil Country Tubular Goods (OCTG) Manufacturing Process
2. OCTG Market Analysis
2.1 Global OCTG Demand
2.2 Global OCTG Demand – Shales vs. Others
2.2.1 Global Deep Water OCTG Consumption
2.2.2 Global Seamless OCTG Market
3. The US OCTG Market
3.1 The US Rig Count
3.2 The US OCTG Consumption
3.3 The US OCTG Consumption by Segment
4. Russian OCTG Market
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Demand for Oil & Gas
5.1.2 Accelerating Economic Growth
5.1.3 Investment Growth in Offshore Drilling Exploration Activities
5.1.4 No Substitute Sources of Energy
5.1.5 Future Global Energy Consumption
5.2 Key Trends
5.2.1 Fluctuating Global Rig Count
5.2.2 Increasing Global E&P Spending
5.2.3 Increase in Global Steel Demand
5.2.4 COGS and SG&A Breakdown for an Integrated Seamless Producer
5.3 Challenges and Issues
5.3.1 Falling Crude Oil Prices
5.3.2 Falling Steel Prices
5.3.3 Depletion of Limited Oil and Gas Reserves
5.3.4 Environmental Issues
6. Competitive Landscape
7. Company Profiles
Explore more related reports on energy and power market at http://www.marketreportsonline.com/cat/energy-and-power-supplies-market-research.html.
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