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
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.
• Natural Gas
• Oil & Petroleum Products
Focused country forecasts and analysis explore the future opportunities:
• Southeast Asia
• Rest of Asia
Major Market Players
• 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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