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Global Oil Country Tubular Goods Market to grow at a CAGR of 6.214% during 2016-2020

Press Release   •   Jan 24, 2017 04:46 EST

About OCTG

The global oil country tubular goods market pertains to the family of consumables consisting of drill pipe, casing, and tubing that are extensively utilized in the global oil and gas operations. They refer to a class of steel pipe products that have varied applications across the upstream oil and gas industry. These goods are seamless or welded; however, a new segment of pipes is slowly evolving, which is neither of the above two mentioned classes.

Technavios analysts forecast the global OCTG market to grow at a CAGR of 6.214% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global OCTG market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the products in the market. It also includes the revenues generated from the replacement of previously used products.

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




Technavio's report, Global OCTG Market 2016-2020, 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.

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Key vendors





U.S. Steel

Other prominent vendors



Corpac Steel Products


JFE Steel

Jindal Steel & Power

Tata Steel


Market driver

Opening up of new avenues for oil and gas markets

For a full, detailed list, view our report

Market challenge

Prolonged periods of lull in global steel prices

For a full, detailed list, view our report

Market trend

Increase in drilling of horizontal and multilateral wells

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 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?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?