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Global Oil Country Tubular Goods Market 2018-2022

About Oil Country Tubular Goods

The oil and gas industry is one of the biggest industries worldwide with over trillions of dollars valuation. Crude oil and natural gas are present in rock formations in the earth’s crust and occur at various depths from a few feet to more than 40,000 feet. The extraction of these valuable petroleum resources is done by drilling through the surface to reach the depths where these resources are present. The following are the activities involved in the extraction, transportation and processing of the oil and gas resources: Upstream, Midstream, and Downstream.

Technavio’s analysts forecast the global oil country tubular goods market to grow at a CAGR of 5.20% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global oil country tubular goods market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oil Country Tubular Goods Market 2018-2022, 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.

Key vendors
  • ArcelorMittal
  • NIPPON STEEL & SUMITOMO METAL
  • Tenaris
  • TMK
  • United States Steel
  • VALLOUREC
Market driver
  • Increase in global rig count
  • For a full, detailed list, view our report
Market challenge
  • Decline in investments in the upstream sector
  • For a full, detailed list, view our report
Market trend
  • New oil and gas discoveries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Oil Country Tubular Goods Market 2018-2022

Technavio recognizes the following companies as the key players in the global oil country tubular goods market: ArcelorMittal, NIPPON STEEL & SUMITOMO METAL, Tenaris, TMK, United States Steel, and VALLOUREC.

Commenting on the report, an analyst from Technavio’s team said: “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 upstream oil and gas industry is extremely reliant on the global crude oil prices. 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.

Companies Mentioned

ArcelorMittal, NIPPON STEEL & SUMITOMO METAL, Tenaris, TMK, United States Steel, and VALLOUREC.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major segments of the oil and gas industry
    • Oil country tubular goods
  • Market landscape
    • Market ecosystem
      • Table Global oilfield services market 2017
      • Table Segments of the global oilfield services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global oil country tubular goods market - market size and forecast 2017-2022 ($ billions)
      • Table Global oil country tubular goods market - year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - five forces, 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Seamless - market size and forecast 2017-2022
      • Table Seamless - market size and forecast 2017-2022 ($ billions)
      • Table Seamless - year-over-year growth 2018-2022 (%)
    • Welded - market size and forecast 2017-2022
      • Table Welded - market size and forecast 2017-2022 ($ billions)
      • Table Welded - year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size and forecast 2017-2022
      • Table Americas - market size and forecast 2017-2022 ($ billions)
      • Table Americas - year-over-year growth 2018-2022 (%)
    • EMEA - market size and forecast 2017-2022
      • Table EMEA - market size and forecast 2017-2022 ($ billions)
      • Table EMEA - year-over-year growth 2018-2022 (%)
    • APAC - market size and forecast 2017-2022
      • Table APAC - market size and forecast 2017-2022 ($ billions)
      • Table APAC - year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global rig count 2016-2017
      • Table Global liquid fuel consumption 2009-2018 (mbpd)
      • Table Global tight oil production 2015 and 2040 (mbpd)
      • Table Natural gas production by type in China and the US 2012 and 2040 (tcf)
    • Market challenges
      • Table Change in upstream oil and gas investment by region, 2016 vs. 2017 (%)
      • Table Global renewable investments 2000-2016 ($ billions)
      • Table Global crude oil prices 2007-2016 ($/bbl)
  • Market trends
    • New oil and gas discoveries
    • Rise in the number of deepwater and ultradeepwater drilling projects
    • Falling raw material prices
      • Table Indexed price of steel July 2011-July 2017
      • Table Iron ore prices and forecast 2014-2025 ($/dmt)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ArcelorMittal
      • Table Vendor overview
      • Table ArcelorMittal - business segments
      • Table ArcelorMittal - organizational developments
      • Table ArcelorMittal - geographic focus
      • Table ArcelorMittal - segment focus
      • Table ArcelorMittal - key offerings
    • NIPPON STEEL & SUMITOMO METAL
      • Table Vendor overview
      • Table NIPPON STEEL & SUMITOMO METAL - business segments
      • Table NIPPON STEEL & SUMITOMO METAL - organizational developments
      • Table NIPPON STEEL & SUMITOMO METAL - geographic focus
      • Table NIPPON STEEL & SUMITOMO METAL - segment focus
      • Table NIPPON STEEL & SUMITOMO METAL - key offerings
    • Tenaris
      • Table Vendor overview
      • Table Tenaris - business segments
      • Table Tenaris - organizational developments
      • Table Tenaris - geographic focus
      • Table Tenaris - segment focus
      • Table Tenaris - key offerings
    • TMK
      • Table Vendor overview
      • Table TMK - business segments
      • Table TMK - organizational developments
      • Table TMK - geographic focus
      • Table TMK - segment focus
      • Table TMK - key offerings
    • United States Steel
      • Table Vendor overview
      • Table United States Steel - business segments
      • Table United States Steel - organizational developments
      • Table United States Steel - geographic focus
      • Table United States Steel - segment focus
      • Table United States Steel - key offerings
    • VALLOUREC
      • Table Vendor overview
      • Table VALLOUREC - business segments
      • Table VALLOUREC - organizational developments
      • Table VALLOUREC - geographic focus
      • Table VALLOUREC - segment focus
      • Table VALLOUREC - key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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