Albany,NY (PRWEB) January 15, 2015
The report, titled ‘Global OCTG (Oil Country Tubular Goods) Market Report 2014 Edition’, estimates that increasing demand for fossil fuels from all over the world will help the global oil country tubular goods market expand at a robust rate till 2018.
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Vital statistics about the global market for oil country tubular goods are collated to provide an insightful analysis on the market conditions. The major stakeholders in the OCTG market are profiled to provide comprehensive understanding of the competitive landscape of the market, and influential trends and expected developments are also analyzed to examine their potential impact on the global market. The interrelationship between the numerous variables in the oil countries tubular goods industry is analyzed and used to present regression models for the market.
The oil country tubular goods market consists of three types of products, viz. drill pipes, tubing, and casing. All three can be produced in two forms: seamless or welded. Seamless OCTG are up to twenty times more expensive to manufacture than welded OCTG. Thus, manufacturers tend to produce one of the two. The report provides an overview for each type of oil country tubular goods and the process used in its manufacturing.
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The global market for oil country tubular goods is analyzed according to its regional distribution and end-use applications. The North American OCTG market, and that of the USA in particular, is analyzed in detail. The market overview of the North American market contains vital information on rig count and API (American Petrol Institute) Vs Premium demand.
With regards to the OCTG market in the USA, special attention is provided to the segment-wise supply and demand, the growth in the import of OCTG into the American market, and the region’s production capacity.
The report contains insightful information about the key trends, drivers, and restraints on the global OCTG market. Some of the most important trends are the increase in the number of rigs and increasing spending on E & P worldwide, and the dynamics of the seamless pipe industry, which makes up the bulk of the global oil countries tubular goods market.
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The rising demand for natural oil and gas from all over the world is the major driver for the global OCTG market. The increasing development in large tracts of the world is a complementary driver, demanding more fossil fuels and consequently more oil countries tubular goods. Though the eventual depletion of the fossil fuel stores in the world, along with the contemporaneous rise in alternate energy technologies, will hamper the OCTG market, the lack of an alternative energy source with strong infrastructure will help the OCTG market massively in the short term.
Some of the major restraints on the market include the fluctuations on the price of steel and the oncoming fossil fuel depletion. Increasing environmental regulations are also expected to hamper the growth of the industry.
The report also profiles major players in the global oil countries tubular goods market such as Vallourec, OAO TMK, Tenaris S.A., Nippon Steel and Sumitomo Metal Corp, etc.
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