North America Oil Country Tubular Goods (OCTG) Market is Expected to Reach $16.2 Billion in 2019 - New Report by MicroMarket Monitor
(PRWEB) August 09, 2014 -- The North American Oil Country Tubular Goods (OCTG) Market report defines and segments the OCTG market in North America with analysis and forecast of revenue. This market is estimated to grow from $12.8 billion in 2014 to $16.2 billion by 2019, at a CAGR of 4.8% from 2014 to 2019.
Browse through the TOC of the North 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 North America is a highly competitive market and with the increase in exploration activities in unconventional reserves, the competition has moved to a higher level. An increase in more complex horizontal and directional drilling has led to an increase in demand for OCTG. North America is the biggest market for premium OCTG products, having the highest shale gas reserves in the world.
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The U.S. holds the maximum share in the North American oil country tubular goods market. As of 2014, the country contributed a major share of around 82% to the market in this region.
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 the U.S., Canada, and Mexico. 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:
Europe Oil Country Tubular Goods (OCTG) Market
The Oil Country Tubular Goods (OCTG) Market in Europe was valued at $2,939.0 million in 2013 and is forecasted to reach $4,639.0 million by 2019, growing at a CAGR of 7.9% from 2014 to 2019.
The report, ‘Oil Country Tubular Goods (OCTG) Market in Europe - Forecast, 2012-2019’, report analyzes the OCTG market by types, grades and geography. In terms of geography, the report is segmented into Russia, the UK, and Norway. 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 Europe is directly linked to the demand for oil and gas, which is growing at a great pace, thus triggering the demand for OCTG products. Other factors which are driving the OCTG market in Europe are abundant shale oil and gas reserve, growing offshore drilling activities, and shale reserve exploratory activities.
http://www.micromarketmonitor.com/market/europe-oil-country-tubular-goods-octg-3645817247.html
Asia-Pacific Oil Country Tubular Goods (OCTG) Market
The Oil Country Tubular Goods (OCTG) market in Asia-Pacific was valued at $16.11 billion in 2013 and is forecasted to reach $24.40 billion by 2019, growing at a CAGR of 6.90% from 2014 to 2019.
The report, ‘Oil Country Tubular Goods (OCTG) Market in Asia Pacific - Forecast, 2012-2019’, analyzes the OCTG market by types, grades, and geography. By geography, the report is segmented into China, India, Indonesia, Thailand, and others. 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 Asia-Pacific expected to develop at a quick pace and with an increase in number of wells to be drilled. Asia-Pacific is the major market in the OCTG industry, as the emphasis of the countries in the region is to reduce their dependency on imports and hence, improve their domestic energy market. The increase in complex horizontal and directional drilling, offshore exploration activities, and technology advancement have increased the demand for OCTG products.
http://www.micromarketmonitor.com/market/asia-pacific-oil-country-tubular-goods-octg-4794962580.html
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.
http://www.micromarketmonitor.com/market/middle-east-oil-country-tubular-goods-octg-7926060652.html
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