Global Oil Country Tubular Goods Market to Reap Benefits of Burgeoning Offshore Drilling Exploration Activities

Published Date : Mar 21, 2016

Albany, New York, March 21, 2016 - has recently added a new research report, titled “Global OCTG (Oil Country Tubular Goods) Market Report: 2016 Edition,” to its vast database. The research report has been compiled using primary and secondary research methodologies. It also includes Porter’s five forces reports to examine the threat of new entrants, the bargaining power of customers, the threat of substitute products or services, the intensity of competitive rivalry, and the bargaining power of suppliers. Furthermore, the report is also inclusive of SWOT reports to point out the strengths, weaknesses, opportunities and threats impacting the segments of the global oil country tubular goods market. The research report takes a chapter-wise approach to explain the various elements of the global oil country tubular goods market and the ways in which they are impacting the trajectory of the market.

The primary growth drivers of the global oil country tubular goods market are the rising demand for oil and gas, growing investments in offshore exploration activities, economic growth of nations across the globe, and lack of alternatives for current forms of energy. Some of the countries witnessing robust industrialization are India and China. Additionally, the Gulf nations are also showing signs of rapid economic growth as the global economy is stabilizing. The factors indicating developments in the oil country tubular goods market are the wavering growth of the rig count, growing global exploration and production spending, and rising demand for steel in the world. Despite the strong growth drivers, this market is being hampered by the dropping steel and crude oil prices, harmful effects of petroleum products on the environment, and depleting energy reserves.

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This research report provides a comprehensive reports of the global oil country tubular market, the important trends and dynamics, and market segmentation to help the readers understand the complex nitty-gritty of the overall market. The report includes a market overview, which explains the manufacturing processes, demand, and consumption of oil country tubular goods. Additionally, the report also provides information about the dependent and independent variables, correlation reports, and regression reports. Additionally, the research report also gives an exact assessment of the regional, product, and application segments of the market and the import and export policies likely to impact the future of the overall oil country tubular goods market.

Some of the key players in the global oil country tubular goods market are Vallourec, Tenaris S.A., OAO TMK, and Nippon Steel & Sumitomo Metal. The research report provides an reports of the competitive landscape of the global oil country tubular goods market. Furthermore, it also explains the governmental policies of various nations leading in this market. The research report also includes an reports of the financial overview, research and development strategies, product portfolio, marketing strategies, and investment outlook of these top players in the global oil country tubular goods market for the coming few years.

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