Global Oil Country Tubular Goods Market (2018-2022) Forecast to Grow at a CAGR of 5.2% - Increase in Global Rig Count is Driving the Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Oil Country Tubular Goods Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the global oil country tubular goods market to grow at a CAGR of 5.2% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is new oil and gas discoveries. Energy demand is rising continuously owing to the increase in urbanization rate in developing economies. Continuous exploration activities are required by oil and gas companies to meet the rising consumption of individuals. The rationale behind exploration activities is about sustaining in the market along with increasing profit and gaining a competitive edge.

According to the report, one driver in the market is increase in global rig count. The recent crude oil price slump that started in mid-2014 severely affected the upstream industry. However, crude oil prices have now started to increase and are in the range of $50/bbl-60/bbl. The decline in upstream operations was evident from the fact that the global active rig count had fallen dramatically. Reduced operations worldwide impacted major oil and gas exploration as well as service provider companies. With the crude oil prices on the path of recovery, upstream operations have started to gain momentum.

Further, the report states that one challenge in the market is decline in investments in the upstream sector. Rapid decline in crude oil prices starting mid-2014 triggered massive withdrawal of investments and cost reductions by various upstream companies worldwide. During 2014-2016, as per the International Energy Agency (IEA), investments in the upstream segment of the oil and gas industry witnessed a 44% decline.

Key Vendors

  • ArcelorMittal
  • Nippon Steel & Sumitomo Metal
  • Tenaris
  • TMK
  • United States Steel
  • Vallourec

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Product

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/rxgzjl/global_oil?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Pipelines

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Pipelines