Oil Country Tubular Goods (OCTG) Market Size to Hit US$ 79.21 Bn by 2032, Owing to Increasing Demand for Energy and Shale Oil Exploration | Research by SNS Insider [Yahoo! Finance]
Arcelor Mittal NY Registry Shares NEW (MT)
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Source: Yahoo! Finance
Austin, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Oil Country Tubular Goods Market Size & Share Analysis: “According to SNS Insider Research, The Oil Country Tubular Goods Market size was valued at USD 42.66 billion in 2023. It is expected to grow to USD 79.21 billion by 2032 and grow at a CAGR of 7.12% over the forecast period of 2024-2032.” Growth and Trends in the Oil Country Tubular Goods (OCTG) Market: Fueling the Future of Energy and Exploration The Oil Country Tubular Goods (OCTG) market has seen substantial growth in recent years, driven by the increasing demand for energy, exploration activities, and advancements in oil and gas drilling technologies. OCTG includes pipes, casing, tubing, and drill pipes used in oil and gas production, making it a critical component of the energy industry. A key factor fueling market growth is the rise in unconventional oil production, particularly in shale oil, which requires specialized OCTG products capable of withstanding extreme drilling co
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