DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mfcndh/growth) has announced the addition of the "Growth Opportunities in Global Oil Country Tubular Goods Market 2015-2020: Trends, Forecasts and Market Analysis" report to their offering.
Global oil country tubular goods market is expected to grow at a CAGR of 3.7% over the next five years from 2015 to 2020
The major drivers of this market are increasing oil and gas drilling activities, increasing oil wells per rig, and growing shale gas exploration activities. Increasing investment in unconventional oil and gas sources increases drilling activities, which drives the oil country tubular goods market. North America has been the top region in terms of total oil country tubular goods market, whereas Rest of the World (ROW) showed the highest CAGR from 2009 to 2014 due to a rapidly increasing demand in the Middle East and Latin America.
This report provides an analysis of OCTG in global industry, including the market trends, growth opportunities, key drivers, and emerging trends in the market. The study also includes the forecast for OCTG in global industry through 2020 by value ($B) and volume (M T) segment breakdown by region, product, and metal grade type.
Tenaris SA, Vallourec SA, OAO TMK, National Oilwell Varco Inc., and United States Steel Corp. are some of the major industry players. The industry players are opting for M& A, innovation and new product development as well as expansion for growing their business. Some of the important emerging trends which have a direct impact on the dynamics of the industry include growing consumption of premium pipes and advent of technologically advanced pipes.
Key Topics Covered:
1. Executive Summary
2. Oil Country Tubular Goods Market Background and Classifications
3. Market Trend and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
- National Oilwell Varco Inc.
- OAO TMK
- Tenaris SA
- United States Steel Corp.
- Vallourec SA
For more information visit http://www.researchandmarkets.com/research/mfcndh/growth