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Global OCTG (Oil Country Tubular Goods) Market Report: 2014 Edition
  • USA - English


News provided by

Market Reports Online

Jan 02, 2015, 06:10 ET

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Dallas, Texas (PRWEB) January 02, 2015 -- As per the report “OCTG Market: 2014 Edition” the demand for OCTG market will be driven by economic growth, growth in crude oil prices and lack of alternative sources of energy. Some of the noteworthy trends of this industry include global rig count growth, global E&P spending and rising capital expenditure from E&P companies to boost OCTG demand in Russia, among others. Sustained high oil prices and sanctioning of major projects are driving the global exploration and production (E&P) spending. This growth has been witnessed all across the globe, as almost every country with hydrocarbons to exploit is experiencing growth in E&P.

Complete report available at http://www.marketreportsonline.com/391894.html.

The growth in crude oil prices plays a significant role in Global OCTG Market. The prices of crude oil have recorded a notable growth over the last few years mainly in response to the strong global demand, limited spare oil production capacity and continuing political instability in certain oil producing regions.This growth provides an incentive to oil and gas companies to increase drilling operations and increase their investments in production and exploration activities. This, in turn, will add to the demand for oil country tubular goods throughout the oil and gas industry.

The demand for oil and gas is increasing at a significant rate due to industrialization, particularly in emerging markets as industrialization calls for increased energy consumption. Growing wealth of the residents of emerging markets, especially China and India, is also reflecting in their spending pattern in which they are buying cars which again requires notable amount of energy. The demand for oil has increased at a steady pace during the period of 2004 to 2007; however, it declined in 2008 and 2009 due to global economic recession. In 2010, global demand for oil and gas again picked up and has been increasing since then primarily due to the economic development of Asian and other major non-OECD nations.

Purchase a copy of this report at http://www.marketreportsonline.com/contacts/purchase.php?name=391894.

This report presents an exhaustive study of the global OCTG market. It also encompasses detailed description of a number of factors driving the growth of the industry coupled with recent trends and challenges hindering the growth of the industry. The company profile section of the report covers detailed description of the players operating in the aforementioned industry. The report also includes in-depth analysis of fierce competition among the major players on a number of parameters. By deploying SPSS Inc.’s data integration and analysis capabilities, future growth prediction in terms of volume of the global OCTG market has also been analyzed in the report.

Major points from Table of Contents (http://www.marketreportsonline.com/391894-toc.html) are listed below:

List of Tables

US OCTG Supply Model
US OCTG Demand Model
Evolution of Rig Count by Region (2007-2013)
Global E&P Capital Spending by Region (2013-2014E)
Seamless Pipe Industry Capacity Development (2011-2013)
Dependent & Independent Variables (2007-2013)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

Related Reports on Energy and Power Market:

Global Heat Exchanger Market: Trends and Opportunities (2014-2019): Heat Exchangers are used to transfer heat between two or more fluids, between a solid surface and a fluid, or between solid particulates and a fluid, at different temperatures and in thermal contact. Heat Exchangers are an integral part of many businesses which includes industries, buildings, power generation and transport.

Global Database of the Top 1000 Storage Battery Producers - Company Names, Financial Performance, Key Executives, and Contact Details at http://www.marketreportsonline.com/349058.html.

Global Database of the Top 1000 Turbine and Turbine Generator Set Unit Producers - Company Names, Financial Performance, Key Executives, and Contact Details at http://www.marketreportsonline.com/349012.html.

Global Database of the Top 1000 Oil and Gas Field Machinery and Equipment Producers - Company Names, Financial Performance, Key Executives, and Contact Details at http://www.marketreportsonline.com/349003.html.

About Us:
MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries, organizations and market segments. Our sales and research experts offer 24 X 7 support to our customers through phone and email communication. Not limited to the energy and power market, MarketReportsOnline.com offers research studies on medical devices, chemicals, agriculture, environment, biotechnology, public sector, retail, food and beverages, semiconductor and electronics, it & telecommunication, advanced materials, banking and financial services, mining & utilities, consumer goods, agriculture, travel & hospitality, healthcare and much more.

Ritesh Tiwari, Market Reports Online, http://www.marketreportsonline.com/, +1 (888) 391-5441, [email protected]

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