Nigeria Oil Country Tubular Goods Market, 2020 - Country Analysis & Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Nigeria Oil Country Tubular Goods Market to 2027 - Country Analysis and Forecasts by Process; Product; Application" report has been added to ResearchAndMarkets.com's offering.

The Nigeria oil country tubular goods market was worth US$ 440.51 million in 2019 and is projected to reach US$ 718.60 million by 2027; it is expected to grow at a CAGR of 6.5% during the forecast period.

The rising production of shale and a resulting hike in horizontal and unconventional drilling is one of the major driving factors of the Nigeria oil country tubular goods market. Shale oil and shale gas, much like crude oil and natural gas, are hydrocarbon commodities; the difference between them is the source from which they are extracted. Shale oil and shale gas are extracted from shale formations that lie below the surface of the earth via a horizontal drilling and hydraulic fracturing process in which water, sand, and chemical additives are injected under high pressure to create and maintain fractures in underground formations. They are referred to as unconventional sources of hydrocarbon resources, while traditional sources are called crude oil and natural gas in the Nigeria oil country tubular goods market. The development of shale resources seems to have finally brought solace to some of those countries who for years have been craving for energy self-sufficiency. The consequence of this is that there will be fewer oil imports from foreign countries on their side, some of which are located in volatile regions of the world. The effect on those foreign countries that export crude oil is that their income from oil exports will decline, and for those whose economies rely on the revenue from the selling of these resources, it could spell doom for them as their primary source of income is cut short. Nigeria is one such country that finds itself in such a precarious situation. Despite the popularity of such a thought, one may have no other choice but to hold the same views. If, however, a holistic view of the whole scene is taken, one observes that the Nigerian economy's future vis-à-vis shale growth is not as grim as is commonly believed.

The overall Nigeria oil country tubular goods market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Nigeria oil country tubular goods market. It also provides an overview and forecast for the Nigeria oil country tubular goods market based on all the segmentations provided for Nigeria. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in oil country tubular goods across Nigeria.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Nigeria Oil Country Tubular Goods Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Nigeria - PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Nigeria OCTG Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Significant Investments to Build Pipeline Infrastructure

5.1.2 Rising Production of Shale and a Resulting Hike in Horizontal and Unconventional Drilling

5.2 Market Restraints

5.2.1 High Cost of Material and Overall Manufacturing Process

5.3 Opportunity

5.3.1 Refineries Acting as a Link Between the Petroleum Sector and GDP of Nigeria

5.4 Trends

5.4.1 Exponential Investment by Oilfield Service Providers and Operators in Oil and Gas Exploration and Production Activities

5.5 Impact Analysis of Drivers And Restraints

6. Oil Country Tubular Goods - Nigeria Market Analysis

6.1 Nigeria Oil Country Tubular Goods Market Overview

6.2 Nigeria Oil Country Tubular Goods Market - Revenue, and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Nigeria Market Players Ranking

7. Nigeria Oil Country Tubular Goods Market Analysis - By Product

7.1 Overview

7.2 Nigeria Oil Country Tubular Goods Market, By Product (2019 and 2027)

7.3 Drill Pipe

7.4 Well Casing

7.5 Production Tubing

8. Nigeria Oil Country Tubular Goods Market Analysis - By Application

8.1 Overview

8.2 Nigeria Oil Country Tubular Goods Market, By Application (2019 and 2027)

8.3 On-shore

8.4 Off-shore

9. Industry Landscape

9.1 Market Initiative

9.2 Merger and Acquisition

9.3 New Development

10. Company Profiles

10.1 DAMAGIX GROUP

10.2 EVRAZ plc

10.3 Hunting Group

10.4 ILJIN STEEL CO., LTD.

10.5 JFE Steel Corporation

10.6 National Oilwell Varco, Inc.

10.7 OilPro Oil and Gas Limited

10.8 Tecon Oil Services Ltd.

10.9 Tenaris

10.10 TMK

10.11 TPCO Enterprise, Inc.

10.12 VALLOUREC

10.13 Baker Hughes Company

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