Europe Oil Country Tubular Goods (OCTG) Market is Expected to Reach $4.6 billion in 2019 - New Report by MicroMarket Monitor

The European Oil Country Tubular Goods (OCTG) Market report defines and segments the oil country tubular goods (OCTG) market in Europe with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/europe-oil-country-tubular-goods-octg-3645817247.html

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MicroMarket Monitor

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Key players in the Europe Oil Country Tubular Goods (OCTG) Market are Tenaris SA, Vallourec, TMK, United States Steel Corporation, Sumitomo & others.

(PRWEB) August 23, 2014

The European Oil Country Tubular Goods (OCTG) Market report defines and segments the oil country tubular goods (OCTG) market in Europe with analysis and forecast of revenue. The oil country tubular goods (OCTG) market in Europe is estimated to grow from around $3.2 Billion in 2014 to $4.6 Billion by 2019, at a CAGR of 8%, for the given period.

Browse through the TOC of the European Oil Country Tubular Goods (OCTG) Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European oil country tubular goods (OCTG) market, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/europe-oil-country-tubular-goods-octg-3645817247.html

The OCTG market in Europe is expected to develop with an increasing pace, considering the large number of wells to be drilled. The demand for OCTG is driven by high exploration and production activities, growth in the proven shale reserves and increasing investments from the oil and gas operators. The growing offshore drilling activities and shale reserve exploratory activities have increased the demand for OCTG products.

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Europe is one of the growing markets, wherein Norway holds a maximum share in the oil country tubular goods (OCTG) market. Norway is the biggest market in Europe, and as of 2014, contributed a major share of around 28% in the European oil country tubular goods (OCTG) market.

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This market is segmented and projected on the basis of type of oil country tubular goods (OCTG), such as Seamless and Electric Resistance Welding (ERW). The market is further segmented and projected on the basis of major countries, such as Norway, Russia, The U.K. and Others. The OCTG market by grades covers API and premium.

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 (OCTG).

Related Reports:
North America Oil Country Tubular Goods (OCTG) Market
The Oil Country Tubular Goods (OCTG) market in North America was valued at $11.57 billion in 2013 and is forecasted to reach $16.24 billion by 2019, growing at a CAGR of 4.80% from 2014 to 2019.

The report ‘Oil Country Tubular Goods (OCTG) Market in North America - Forecast, 2012-2019’, analyzes the OCTG market by types, grades, and geography. By geography, the report is segmented into the U.S., Canada, and Mexico. By type, the report covers Seamless and Electric Resistance Welding (ERW). The market is also segmented by grade into API and premium.

http://www.micromarketmonitor.com/market/north-america-oil-country-tubular-goods-octg-9739477780.html

Asia-Pacific Oil Country Tubular Goods (OCTG) Market
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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