North America to Spearhead the Carbon Steel Tubing in Oil and Gas Lift Applicati

Posted by Arslan on January 28th, 2019

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Carbon Steel Tubing in Oil and Gas Lift Applications Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

There has been a significant upsurge in the growth of carbon steel tubing in oil & gas lift applications market, in concurrence to the rising number of horizontal wells, which offers a lucrative opportunity to the carbon steel tubing manufacturers. Crude oil prices is gradually being recovered on account of increasing drilling activities, which in turn has caused a positive influence on the oil & gas lift applications market.

Technological advancements in coating steel tubing to offset corrosion has extensively underpinned the growth of the market. Aforementioned insights have been culled from a recently issued report titled, “Carbon Steel Tubing in Oil and Gas Lift Applications Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028, which has been encapsulated in the broad repository of Market Research Reports Search Engine (MRRSE).

Advancements in the hydraulic fracturing segment for optimizing the shale gas production capacity is anticipated to be one of the most dominant factors for growth of the North American market in this segment. Above-said factors have boosted the growth of the market, which is forecasted to record an impressive CAGR of around 4% through 2028.

The primary aim of this detailed report is to offer a comprehensive overview on the market, so as to equip the new entrants with valuable information on the market. The brief study provides a holistic purview on the market for the forecasted period of 2018-2028, wherein the historical data from 2013 has been included and 2018 is base year. Forecast period for analysis is 2018-2028. The evaluation of the market has been carried out in values (US$ Mn).

This comprehensive report comprises of multiple macroeconomic and microeconomic factors, influencing the market growth for the forecasted period. A detailed analysis on key trends, opportunities, drivers, and restraints for the market has been incorporated in this study. This assessment evaluates the attractiveness of the market, depending on its coating type, outer diameter, region, and end use. The study has been curated on the basis of the end-use segments, the data to which has been gleaned from primary and secondary sources. An in-depth analysis on the market has been included in this study that provides a concise forecast on the key market drivers for the said period.

The comprehensive study encapsulates a thorough analysis on the major regions of the market, which comprises of North America, Asia Pacific, South America, Middle East & Africa, Western Europe, and Eastern Europe. An in-depth overview of these regions, besides their recent developments and market attractiveness has been included in this study.

Value chain analysis has been included in this study, which offers a brief outlook on the competitive dynamics in the market. Giants in the market constitute of CONTINENTAL ALLOYS & SERVICES Inc., SB International, Inc., JFE Holdings, Inc., U.S. Steel Tubular Products, Webco Industries Inc., Tenaris S.A., Vallourec S.A., Marcegaglia, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal S.A., and Sandvik AB. The study comprises of a detailed analysis on the market size of these players, their market shares, business strategies, and their financials.

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