Industries > Energy > Asia Oil Country Tubular Goods (OCTG) Market Report 2020-2030

Asia Oil Country Tubular Goods (OCTG) Market Report 2020-2030

Forecasts by Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products), by Application (Residential, Commercial, Industrial), by Region and Analysis of Leading Companies

PAGES: 143
PRODUCT CODE: ENE0432
SUBMARKET: Oil Renewable Energy

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Oil country tubular goods (OCTG) is a family of seamless rolled products consisting of drill pipe, casing and tubing subjected to loading conditions according to their specific application. The major trends driving growth in the oil country tubular goods (OCTG) market are increased exploration and production activities, global rig counts, increased horizontal and directional drilling, and unconventional reserves.

Horizontal directional drilling has promulgated natural gas production from shale deposits, which, in turn, is a major boost to the premium-grade oil country tubular goods (OCTG) market. However, reduction in energy demand due to lockdowns to tackle COVID-19 outbreak has led to over production of crude oil and thereby, halting of production.

Oil country tubular goods are likely to be accelerated through an anticipated recovery of crude oil prices and strategic measures taken by the companies operating in the upstream sector to increase the E&P activities.

Market Segmentation 2020-2030:
The Asia Oil Country Tubular Goods (OCTG) Market is segmented on Application, Heat Source, and Country basis.

Application
• Coal
• Natural Gas
• Renewable
• Oil & Petroleum Products

Heat Source
• Industrial
• Commercial
• Residential

Country Breakdown

Focused country forecasts and analysis explore the future opportunities:
• China
• India
• Japan
• Southeast Asia
• Rest of Asia

Major Market Players
• Arcelormittal
• JFE Steel Corporation
• Jindal SAw Ltd
• National-Oilwell Varco, Inc.
• ILJIN STEEL CO.
• Nippon Steel Corp, Inc.
• Tenaris SA
• TPCO Enterprise, Inc.

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