Report ID: SQMIG10B2073
Report ID:
SQMIG10B2073 |
Region:
Global |
Published Date: December, 2024
Pages:
250
|
Tables:
89 |
Figures:
76
Oil Country Tubular Goods Market size was valued at USD 21.28 Billion in 2023 and is poised to grow from USD 22.66 Billion in 2024 to USD 39.94 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
Global economic growth is fundamentally dependent on the production of oil and gas. Many different industrial sectors, including transportation, power generation, production, and process, among others, heavily utilize hydrocarbons. Exploration and production operations have expanded as a result of the rise in oil and gas demand. Governments and well-known hydrocarbon producers invest often in the production of oil and gas all over the world. To extract hydrocarbon, drilling is a crucial process, and it takes OCTG to complete drilling operations.
US Oil Country Tubular Goods Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG10B2073