Oil Country Tubular Goods (OCTG) Market by Product, Application, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023 Pages: 161 SKU: IRTNTR40761

The oil country tubular goods market size is estimated to grow at a CAGR of 6.85% between 2022 and 2027. The market size is forecast to increase by USD 16.86 billion. The growth of the market depends on several factors, including increasing investments in upstream activities, increasing focus on unconventional oil and gas exploration and production activities, and increasing global active rig count.

This oil country tubular goods market report extensively covers market segmentation by product (seamless and welded), application (onshore and offshore), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Oil Country Tubular Goods Market During the Forecast Period?

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Oil Country Tubular Goods Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing investments in upstream activities are notably driving the market growth, although fluctuations in crude oil prices may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Oil Country Tubular Goods Market Driver

Increasing investments in upstream activities are notably driving the Oil Country Tubular Goods (OCTG) Market growth. Globally, as population and industrial development increase dramatically, energy security becomes important to meet energy demand. As a result, many countries are exploring untapped oil and gas resources using cutting-edge technologies in the oil and gas industry. In addition, oil and natural gas production is declining from some traditional oil fields. To solve this problem and maximize the revenue from these oil fields, oil and gas operators are increasing their investment in mature oil and gas fields.

Governments in many countries are increasing oil and gas production as part of their initiatives to ensure energy security. For example, in 2022, the ONGC announced plans to invest USD 4 billion between 2022 and 2025 to increase exploration in India. Similarly, in China, in 2022, crude oil production will increase by 7% (52.04 million tons) compared to crude oil production in 2021. The new policies announced by the government are expected to attract domestic and foreign investment, increase exploration activities in untapped oil and gas fields, and at the same time increase domestic oil and gas production. Increased investment in the upstream oil and gas sector will lead to the growth of oil and gas exploration and production activities, which will drive the use of oil country tubular goods products, such as drill pipes, casings, and tubes, in industries oil and gas drilling and finishing operations. , which will drive the growth of the market during the forecast period. 

Significant Oil Country Tubular Goods Market Trends

Declining prices of raw materials is a key trend influencing the OCTG Market growth. Competitive prices are essential to the commercial success of any equipment used in the oil and gas industry, as they have a direct impact on the investment costs of the entire project. In the case of oil country tubular goods equipment, drill rod, housing, and housing, one of the main costs incurred is the cost of raw materials, which mainly consists of steel. Therefore, any fluctuations in world steel prices will have a significant impact on the market. Currently, steel prices are low, which will significantly boost the demand for enclosures.

Iron ore and scrap steel are the main raw materials used in steel production. Steel scrap demand is determined by fluctuations in iron ore prices. Therefore, when iron ore prices are low, scrap steel demand is also low. As a result, manufacturers are turning to iron ore as the main raw material. According to the World Bank Group,  iron ore prices in Europe fell 3.2% in 2022. Global iron ore prices are expected to fall to USD 76.6/ton by 2024. As a result, the market is expected to benefit significantly from lower commodity prices. The decline in raw material prices will continue to boost the profitability of oil country tubular goods equipment manufacturers and subsequently drive the growth of the market during the forecast period. 

Major Oil Country Tubular Goods Market Challenge

Fluctuations in crude oil prices are challenging the Oil Country Tubular Goods Market growth. The drop in global crude oil production has caused disruptions in the oil and gas industry, which has had a significant impact on crude oil prices. Falling crude oil and natural gas prices have had a negative impact on the upstream oil and gas sector. Several oil and gas exploration and production projects have been canceled or postponed around the world. Upstream companies have been negatively affected when crude oil prices fluctuate because the selling price of crude oil is determined by the market, while production costs are fixed. As a result, costly and capital-intensive exploration and production operations will negatively impact investment decisions and profitability.

Fluctuating crude oil prices leading to the postponement or cancellation of oil and gas drilling activities will reduce oil country tubular goods consumption. Therefore, fluctuating crude oil prices will be a significant challenge for the OCTG Market during the forecast period.  

Key Oil Country Tubular Goods Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Oil Country Tubular Goods Market Customer Landscape

Who are the Major Oil Country Tubular Goods Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ArcelorMittal: The company offers different types of oil country tubular goods (OCTG) such as Seamless OCTG casing and tubing, Roman OCTG, Jubail OCTG, and many more.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • EVRAZ Plc
  • Hunting Plc
  • Iljin Co. Ltd.
  • JFE Holdings Inc.
  • Jindal SAW Ltd.
  • Nippon Steel Corp.
  • PAO TMK
  • SB International Inc.
  • Tenaris SA
  • Tenergy Equipment and Service Ltd.
  • The Weir Group Plc
  • Tianjin Pipe International Economic and Trading Corp.
  • Trident Steel Corp.
  • UMW HOLDINGS BERHAD
  • United States Steel Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Oil Country Tubular Goods Market?

The market share growth by the seamless segment will be significant during the forecast period. Seamless is the largest segment in the market. This segment is expected to grow faster than the entire market between 2022 and 2027. Its position will remain the largest market in 2027. Seamless oil country tubular goods are manufactured by special rolling mills from solid cylindrical steel called billets. The heated billet is pierced in the center with a mandrel, rolled, and stretched to the dimensions and thickness required by the customer. Due to its high tensile strength, its use in high-pressure drilling environments is increasing. 

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The seamless segment was valued at USD 27.69 billion in 2017 and continued to grow until 2021. Seamless oil country tubular goods are more reliable than welded oil country tubular goods because there are no welds to cause leaks. Also, it is easy to accurately calculate the pressure for seamless pipes. In addition, since seamless pipes are made by uniformly extruding alloys, they are thinner and lighter than welded pipes and have a uniform shape. Seamless oil country tubular goods have higher strength than welded oil country tubular goods, so they are being adopted all over the world. 

Which are the Key Regions for the Oil Country Tubular Goods Market?

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North America is estimated to contribute 43% to the growth of the global oil country tubular goods market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is expected to grow faster than the overall market between 2023 and 2027. Its position will remain the largest market in 2027. The United States and Canada will make the largest contribution to the market in North America. The United States is one of its major oil producers. Oil and gas production in North American countries has increased significantly due to unconventional exploration and production activities such as drilling in US shale reserves and Canadian oil sands. According to the U.S. Energy Information Administration (EIA), in 2018 the United States produced about 6.5 million barrels per day (MBPD) of crude oil from scarce oil reserves. High exploration and production activity in unconventional oil and gas wells such as oil sands and shale in the region has contributed to the increase in overall crude oil and gas production in North America. Therefore, increased exploration and production activity in such crude oil and gas resources will lead to increased demand for casings, drill pipes, and pipes in the region.

A spike in the number of COVID-19 cases across the world in the first half of 2020 prompted governments to implement lockdowns across the world. This caused several oil and gas exploration projects to be postponed and oil prices to fluctuate wildly. Additionally, several refineries delayed planned turnarounds. In addition, manufacturing and supply chain activities were adversely affected. Therefore, all these factors hampered the growth of the market globally in the first half of 2020. However, since 2021, a massive vaccination campaign was launched across the world, allowing lockdown restrictions to be lifted and operations to resume in various industries, including manufacturing and supply chain activities. This led to the recovery of the market during the forecast period. 

Segment Overview

The oil country tubular goods market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Seamless
    • Welded
  • Application Outlook (USD Billion, 2017 - 2027)
    • Onshore
    • Offshore
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global oil country tubular goods market as a part of the global oilfield equipment and services within the global oil and gas market. The global oilfield equipment and services market includes upstream exploration and production (E&P) operations, products, and companies engaged in equipment manufacturing or service contracts, and also major manufacturers serving the needs of the upstream oil and gas sector. 

Oil Country Tubular Goods Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.85%

Market growth 2023-2027

USD 16.86 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.45

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ArcelorMittal, EVRAZ Plc, Hunting Plc, Iljin Co. Ltd., JFE Holdings Inc., Jindal SAW Ltd., Nippon Steel Corp., PAO TMK, SB International Inc., Tenaris SA, Tenergy Equipment and Service Ltd., The Weir Group Plc, Tianjin Pipe International Economic and Trading Corp., Trident Steel Corp., UMW HOLDINGS BERHAD, United States Steel Corp., US Steel Tubular Products Inc., Vallourec SA, voestalpine AG, and Zekelman Industries

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oil Country Tubular Goods Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global oil country tubular goods market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global oil country tubular goods market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Seamless - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Seamless - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Seamless - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Seamless - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Seamless - Year-over-year growth 2022-2027 (%)
    • 6.4 Welded - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Welded - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Welded - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Welded - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Welded - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Onshore - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Onshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Onshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 7.4 Offshore - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Offshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Offshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 56: Market opportunity by Application ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Russia - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 ArcelorMittal
              • Exhibit 111: ArcelorMittal - Overview
              • Exhibit 112: ArcelorMittal - Business segments
              • Exhibit 113: ArcelorMittal - Key news
              • Exhibit 114: ArcelorMittal - Key offerings
              • Exhibit 115: ArcelorMittal - Segment focus
            • 12.4 EVRAZ Plc
              • Exhibit 116: EVRAZ Plc - Overview
              • Exhibit 117: EVRAZ Plc - Business segments
              • Exhibit 118: EVRAZ Plc - Key offerings
              • Exhibit 119: EVRAZ Plc - Segment focus
            • 12.5 Hunting Plc
              • Exhibit 120: Hunting Plc - Overview
              • Exhibit 121: Hunting Plc - Business segments
              • Exhibit 122: Hunting Plc - Key offerings
              • Exhibit 123: Hunting Plc - Segment focus
            • 12.6 Iljin Co. Ltd.
              • Exhibit 124: Iljin Co. Ltd. - Overview
              • Exhibit 125: Iljin Co. Ltd. - Key offerings
            • 12.7 JFE Holdings Inc.
              • Exhibit 126: JFE Holdings Inc. - Overview
              • Exhibit 127: JFE Holdings Inc. - Business segments
              • Exhibit 128: JFE Holdings Inc. - Key offerings
              • Exhibit 129: JFE Holdings Inc. - Segment focus
            • 12.8 Jindal SAW Ltd.
              • Exhibit 130: Jindal SAW Ltd. - Overview
              • Exhibit 131: Jindal SAW Ltd. - Business segments
              • Exhibit 132: Jindal SAW Ltd. - Key offerings
              • Exhibit 133: Jindal SAW Ltd. - Segment focus
            • 12.9 Nippon Steel Corp.
              • Exhibit 134: Nippon Steel Corp. - Overview
              • Exhibit 135: Nippon Steel Corp. - Business segments
              • Exhibit 136: Nippon Steel Corp. - Key offerings
              • Exhibit 137: Nippon Steel Corp. - Segment focus
            • 12.10 PAO TMK
              • Exhibit 138: PAO TMK - Overview
              • Exhibit 139: PAO TMK - Business segments
              • Exhibit 140: PAO TMK - Key offerings
              • Exhibit 141: PAO TMK - Segment focus
            • 12.11 SB International Inc.
              • Exhibit 142: SB International Inc. - Overview
              • Exhibit 143: SB International Inc. - Product / Service
              • Exhibit 144: SB International Inc. - Key offerings
            • 12.12 Tenaris SA
              • Exhibit 145: Tenaris SA - Overview
              • Exhibit 146: Tenaris SA - Product / Service
              • Exhibit 147: Tenaris SA - Key offerings
            • 12.13 Tenergy Equipment and Service Ltd.
              • Exhibit 148: Tenergy Equipment and Service Ltd. - Overview
              • Exhibit 149: Tenergy Equipment and Service Ltd. - Product / Service
              • Exhibit 150: Tenergy Equipment and Service Ltd. - Key offerings
            • 12.14 The Weir Group Plc
              • Exhibit 151: The Weir Group Plc - Overview
              • Exhibit 152: The Weir Group Plc - Business segments
              • Exhibit 153: The Weir Group Plc - Key news
              • Exhibit 154: The Weir Group Plc - Key offerings
              • Exhibit 155: The Weir Group Plc - Segment focus
            • 12.15 United States Steel Corp.
              • Exhibit 156: United States Steel Corp. - Overview
              • Exhibit 157: United States Steel Corp. - Business segments
              • Exhibit 158: United States Steel Corp. - Key news
              • Exhibit 159: United States Steel Corp. - Key offerings
              • Exhibit 160: United States Steel Corp. - Segment focus
            • 12.16 US Steel Tubular Products Inc.
              • Exhibit 161: US Steel Tubular Products Inc. - Overview
              • Exhibit 162: US Steel Tubular Products Inc. - Product / Service
              • Exhibit 163: US Steel Tubular Products Inc. - Key offerings
            • 12.17 Vallourec SA
              • Exhibit 164: Vallourec SA - Overview
              • Exhibit 165: Vallourec SA - Business segments
              • Exhibit 166: Vallourec SA - Key offerings
              • Exhibit 167: Vallourec SA - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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