Key Players in the South American Oil Country Tubular Goods (OCTG) Market are Tenaris SA, Vallourec and Sumitomo.
(PRWEB) October 24, 2014
The South American Oil Country Tubular Goods (OCTG) Market report defines and segments the OCTG market in South America with analysis and forecast of revenue. This market is estimated to grow from $3.4 billion in 2014 to $6.6 billion by 2019, at a CAGR of 13.9% from 2014 to 2019.
Browse through the TOC of the South American Oil Country Tubular Goods (OCTG) Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
The OCTG market in South America is at a high growth stage due to increase in drilling activity and well explorations. The demand for OCTG is driven by high exploration and production activities, growth in the proven shale reserves, and escalating investments from oil and gas operators. The increasing demand for energy and improved technology are some other driving factors.
South America is the fastest-growing market,wherein Brazil holds the maximum share. As of 2014, Brazil contributed major share of around 67% to the South American OCTG market.
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This market is segmented and forecasted on the basis of types of OCTGs, such as Seamless and Electric Resistance Welding (ERW). The market is further segmented and forecasted on the basis of major countries, such as Brazil, Venezuela, Argentina, and Colombia. The OCTG market by grade covers API and premium.
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This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which manufacture oil country tubular goods.
Related Reports :
Middle East Oil Country Tubular Goods (OCTG) Market
The Oil Country Tubular Goods (OCTG) Market in Middle East was valued at $2,682.0 million in 2013 and is forecasted to reach $4,203.0 million by 2019, growing at a CAGR of 7.7% from 2014 to 2019.
The report, ‘Oil Country Tubular Goods (OCTG) Market in Middle East - Forecast, 2012-2019’, analyzes the OCTG market by types, grades, and geography. By geography, the report is segmented into Abu Dhabi (UAE), Oman, Qatar, and Saudi Arabia. By type, the report covers Seamless and Electric Resistance Welding (ERW). The market is also segmented by grade into API and premium.
The OCTG market in Middle East is directly linked to the demand for oil and gas, which is growing at a great pace, thus triggering the demand for OCTG products. The demand for OCTG is driven by high exploration and production activities, growth in the proven shale reserves, and increasing investments from oil and gas operators.
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