COVID-19 Impact and Recovery Analysis- Oil Country Tubular Goods Market 2020-2024 | Increasing Investments in Upstream Activities to Boost Growth

 

The oil country tubular goods market and it is poised to grow by USD 13.5 billion 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Oil Country Tubular Goods Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArcelorMittal SA, Hunting Plc, JFE Holdings Inc., Jindal SAW Ltd., Nippon Steel Corp., PAO TMK, Tenaris SA, The Weir Group Plc, United States Steel Corp., and Vallourec SA. are some of the major 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.

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Increasing investments in upstream activities have been instrumental in driving the growth of the market.

Oil Country Tubular Goods Market 2020-2024: Segmentation

Oil Country Tubular Goods Market is segmented as below:

• Product
• Seamless
• Welded
• Geographic Landscape
• APAC
• Europe
• MEA
• North America
• South America

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 Analysis

This study identifies the decline in prices of raw materials one of the prime reasons driving the oil country tubular goods market growth during the next few years.