The industry has ramped up very quickly and is settling. Key companies covered in oil country tubular goods market research report are evraz. Sales, means the sales volume of oil country tubular goods octg revenue, means the sales value of oil country tubular goods octg this report studies sales consumption of oil country tubular goods octg in global market, especially in united states, china, europe and japan, focuses on top. Oil country tubular goods are required throughout the lifecycle of an oil and gas well. After all, what other segments of the economy were in a position to boast performance numbers like the oil and gas industry so soon after the recession.
Steady rise in oil and gas exploration and production activities in north america is anticipated to be a major growth driver for this market in the upcoming decade. Top 5 vendors in the global oil country tubular goods. The five year outlook for the global octg industry is highly acclaimed to be the most groundbreaking, insightful and accurate market study providing independent bycountry analysis of octg supply, demand and pricing trends. Trends and opportunities 20122017 analyzes the potential opportunities and significant trends in the global oil country tubular goods market. Jan 08, 2019 oil and country tubular goods are production and exploration activities on offshore as well as onshore reserves. Global oil country tubular goods market industry analysis. The global oil country tubular goods octg market size was valued at usd 17. As far as the mena region is concerned, gas development will be a strong focus in 2019 in the bid to satisfy regional demand p1618, with egypt fast emerging as regional hub for lng trading p11. Apr 17, 2020 kim leppold is a senior metals analyst for metal bulletin research. Background global steel overcapacity and oil country tubular.
Modernday market for unique and uptotheminute fashion at great prices. Global oil country tubular goods octg market 2019 industry. The resulting surge of unfairly dumped and subsidized imports poses a serious threat to domestic. Expert view of linepipe and octg market developments, trends and industrial activity.
The report also provides detailed analysis of the global octg market, seamless and welded octg market, drill pipes market and octg coating materials and services. Kim leppold is a senior metals analyst for metal bulletin research. Back in the day, opec ruled the oil markets with an iron hand. Prices weakened in august for all 10 categories of octg tracked by amm. From some perspectives, an overview of the octg market this year would reflect a situation much like this time last year. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for oil. Background global steel overcapacity and oil country tubular goods in the aftermath of the recession, steelmakers around the globe, backed by aggressive support from their governments, have targeted the u. Global oil country tubular goods octg market study 20152025, by segment drill pipe, casing, tubing, by market onshore, offshorecasing, by company tmk ipsco, arcelormittal, nssmc report id 18054 published date 14oct pages 65 delivery format pdf publisher name 99strategy.
The global oil country tubular goods octg market size is projected to reach usd 31. Oil country tubular goods market octg global industry. She is principally responsible for analysis of the north american steel markets and the global tube and pipe markets. Octg market apac, emea, americas 2019 growth forecasts. Global oil country tubular goods octg market 2018 99s. Global octg oil country tubular goods market report. Outlook strong for octg market, but with some bumps along the. Seamless steel tube and pipe fastmarkets mb research. Octg oil country tubular goods market 20162019 trends. Other key findings of its latest report on the sector, the five year outlook for the global octg industry, are that, over 202020, global demand will see a compound annual growth rate of 4. Energy consumption in other parts of the world less affected by the. Forecast volumes, trade flows and pricing out to 2016 will also be provided. While the results of our exclusive 4q19 octg inventory yard survey cant steel you against unforeseen events, we trust it will provide some 2020 foresight to prepare you for any situation that arises in the tubular market this year. These are hollow steel products of circular crosssection used in the oil and gas industry for exploration and production activities.
The chances of an octg pricing turnaround any time soon are remote, according to kurt minnich, ceo of pipe logix, inc. Global octg market outlook to 2018 rising level of. Deep water exploration expected to stimulate octg market research and markets. Jan 24, 2012 mbr will be offering an analysis on the current global market for seamless and welded octg and regional analysis including north america and others. The report oil country tubular goods octg market in north america forecast, 20122019, analyzes the octg market by types, grades, and geography. The products can also be segmented on the basis of pressure, loads and overall utilization time in a day. Demand for refined copper continues to be extremely slack. Before this, kim served as a consultant for the streel and energy markets. For the oil and gas industry exploration and production activities, oil country tubular goods octg are hollow steel products, which is circular crosssection. This research report also lists eight other prominent. What is octg and global octg market outlook what is the meaning of octg. The figure below discusses the oil country tubular goods market share, based on regions, as of 20. Oil country tubular goods octg market segmentation along with.
Research and markets has announced the addition of the global octg oil country tubular goods market. Oil country tubular goods market size, key technology and. By myra pinkham, contributing editor download full article in pdf. Energy pipe and tube market metal center news solutions for.
Compounding the uncertainty in the octg market are natural gas prices. Tmk ipscos analysts registered much greater activity in the oil drilling market. Top 5 vendors in the global oil country tubular goods market. Apr 18, 2019 global octg oil country tubular goods market. Oil country tubular goods market global trends, size. Development is a prime concern in countries all across the world and to develop one requires energy. The analysis shows that the key factors affecting the oil pipe market include the global oil distribution, the global demand for oil pipe, and the growth trend of crude oil prices.
Exchange prices for the red metal showed strength early in february, then weakened. Londonbusiness wiretechnavio has announced the top five leading vendors in their recent global oil country tubular goods market report. High volatility is not only a recent feature of the global stock market, but also the best term for the international oil price. Octg market apac, emea, americas 2019 growth forecasts in. Kim joined in 2005, following 6 years as an economist for global insight. Global oil country tubular goodsoctg market 2017 industry. Most pdf editors will also offer one or more ways to electronically sign documents. Oil country tubular goods market global octg industry, 2026. North america oil country tubular goods octg market. Mar 25, 2020 welcome to the new year and a new decade. Louisvery quickly into the economic recovery, the oil country tubular goods market drew significant interest because of its speedy return to strong growth rates. Oil country tubular goods market report categories the global.
As a result, the market for oil country tubular goods octg has softened, and in the past month distributor prices have declined by 510%. Octg market apac, emea, americas 2019 growth forecasts in new research reports. Access to mbrs expert tube and pipe analysts speak directly to the editor to discuss how their forecasts affect your business. She holds a ba in mass communications and a msc in. While the results of our exclusive 4q19 octg inventory yard survey cant steel you against unforeseen events, we trust it will provide some 2020 foresight to prepare you for any situation that arises in the tubular market this year gauging the fitness of the industry by measuring demand for octg throughout the entire supply chain across the. Oil country tubular goods are required throughout the lifecycle of an. New york, march 9, 2015 prnewswire executive summary the report titled global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth, presents a. Oil country tubular goods octg market is valued at usd.