Oil Country Tubular Goods Market 2020-2024 | Increasing Investments in Upstream Activities to Boost

By: Technavio
 
 
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* Oil Country Tubular Goods

Industry:
* Technology

Location:
* Elmhurst - Illinois - US

ELMHURST, Ill. - July 17, 2020 - PRLog -- The oil country tubular goods market and it is poised to grow by USD 13.5 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. PAO TMK, Tenaris SA, The Weir Group Plc, United States Steel Corp. and Vallourec SA are some of the major market participants. Although the increasing investments in upstream activities will offer immense growth opportunities, environmental concerns related to drilling will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing investments in upstream activities has been instrumental in driving the growth of the market. However, environmental concerns related to drilling might hamper market growth.

Oil Country Tubular Goods Market 2020-2024: Segmentation
Oil Country Tubular Goods Market is segmented as below:
Product
• Seamless
• Welded
Geographic Segmentation
• APAC
• Europe
• MEA
• North America
• South America

https://www.technavio.com/report/oil-country-tubular-good...

Oil Country Tubular Goods Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our oil country tubular goods market report covers the following areas:
• Oil Country Tubular Goods Market Size
• Oil Country Tubular Goods Market Trends
• Oil Country Tubular Goods Market Industry Analysis

This study identifies advances in OCTG as one of the prime reasons driving the oil country tubular goods market growth during the next few years.

Oil Country Tubular Goods Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the oil country tubular goods market, including some of the vendors such as PAO TMK, Tenaris SA, The Weir Group Plc, United States Steel Corp. and Vallourec SA. Backed with competitive intelligence and benchmarking, our research reports on the oil country tubular goods market are designed to provide entry support, customer profile and M&As as well as
Request a free sample report - https://www.technavio.com/talk-to-us?report=IRTNTR40761&a...
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Tags:Oil Country Tubular Goods
Industry:Technology
Location:Elmhurst - Illinois - United States
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