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Oil Country Tubular Goods Market Trends

  • Report ID: 3234
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Oil Country Tubular Goods Market Trends

Growth Drivers

  • Increasing Demand for Oil and Gas
  • Rising Exploration and Production Activities in The Energy and Power Industry

Challenges

  • Fluctuating Prices of Crude Oil
  • Constantly Depleting Oil Reserves

Oil Country Tubular Goods Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7.4%

Base Year Market Size (2023)

USD 21.93 billion

Forecast Year Market Size (2036)

USD 55.47 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Dhruv Bhatia


  • Report ID: 3234
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for oil and gas, and increasing production activities in the energy and power industry are the major factors driving the market growth.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022-2030.

Fluctuating costs of crude oil is one of the major factors estimated to hamper the market growth.

The market in the North America will provide the highest growth opportunities for the market during the forecast period on the back of large number of oil reserves, along with high production of petroleum and other fuels.

The major players in the market are JFE Steel Corporation, TMK Group, NOV Inc., United States Steel Corporation, Weatherford International plc, Vallourec, and others.
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