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The Asia-Pacific market has a largest share of around 41% in the global OCTG market in 2013. The total revenue generated by the Asia-Pacific market is $16,114.0 million in 2013, which is expected to grow, at a moderate CAGR of 6.9% from 2014 to 2019 to reach $24,393.4 million by 2019.
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MicroMarket Monitor World’s 1st Real Time Market Intelligence Forecasts Asia-Pacific OCTG (Oil Country Tubular Goods) Market Worth $24,393.4 Million by 2019 http://www.micromarketmonitor.com/market/asia-pacific-oil-country-tubular-goods-octg-4794962580.html
Browse through the market data tables, figures and detailed ToC on the “Asia-Pacific Oil Country Tubular Goods (OCTG) Market”. http://www.micromarketmonitor.com/market/asia-pacific-oil-country-tubular-goods-octg-4794962580.html http://www.micromarketmonitor.com/market/asia-pacific-oil-country-tubular-goods-octg-4794962580.html
The Asia-Pacific market has a largest share of around 41% in the global OCTG market in 2013. • The total revenue generated by the Asia-Pacific market is $16,114.0 million in 2013, which is expected to grow, at a moderate CAGR of 6.9% from 2014 to 2019 to reach $24,393.4 million by 2019. • Asia-Pacific had highest share in the seamless market of OCTG in 2013. Increase in the demand of shale oil & gas, rise in the depth of the wells, the number of OCTG needed for establishing a well also increases. • Three countries, China, Thailand and Indonesia, dominate the Asia-Pacific OCTG market. These three countries account for around 82% market share in 2013. http://www.micromarketmonitor.com/market/asia-pacific-oil-country-tubular-goods-octg-4794962580.html
North America Oil Country Tubular Goods (OCTG) Market: • North America had a share of around 29% in the global OCTG market in 2013. • The total revenue generated by the North American OCTG market is $11,570.8 million in 2013, which is expected to grow at a CAGR of 4.8% from 2014 to 2019 to reach $16,237.8 million by 2019. • Increased drilling activities in onshore and offshore and growing trends of horizontal drilling in unconventional reserves, are driving the growth of OCTG market in this region. U.S. and Canada are the key OCTG markets in the North American region. • http://www.micromarketmonitor.com/market/north-america-oil-country-tubular-goods-octg-9739477780.html
South America Oil Country Tubular Goods (OCTG) Market: • South America had a small share of 7.9% in the global OCTG market in 2013. • The total revenue generated by the South American OCTG market is $3,026.3 million in 2013, which is expected to grow at a highest CAGR of 13.9% from 2014 to 2019 to reach $6,591.3 million by 2019. • Focus on unconventional reserves and growth in the trend of horizontal drilling in unconventional reserve, are the factors driving the growth of OCTG market in this region. Brazil is a key OCTG markets in the South American region. • http://www.micromarketmonitor.com/market/south-america-oil-country-tubular-goods-octg-2334404977.html
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