DUBLIN, Jan 14, 2019 /PRNewswire/ --
The "Oil Country Tubular Goods (OCTG) Market in Indonesia 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The oil country tubular goods (OCTG) market in Indonesia will register a CAGR of more than 4% by 2023.
Declining raw material prices to drive market growth. Iron ore and steel scrap are used as raw materials for the preparation of steel. The demand for steel is highly influenced by the fluctuation in prices of iron ore. Moreover, the demand of steel scrap is directly proportional to the prices of iron ore. Hence, with low iron ore prices, the demand for steel scrap is also low.
Rise in offshore E&P activities
To increase the production of oil in Indonesia, E&P activities are being shifted from onshore to more remote and technically challenging locations like deep-water locations in eastern Indonesia. This has increased the demand for oil country tubular goods (OCTG) market in Indonesia.
Rise in adoption of renewable sources of energy
The use of renewable energy sources has increased across the world, owing to the increase in clean energy initiatives and subsidies for power generation from sustainable resources. This has affected the oil country tubular goods (OCTG) market in Indonesia.
The market appears to be fragmented and with the presence of several companies including Tenaris and TPCO Pan Asia, the competitive environment is quite intense. Factors such as the rise in offshore E&P activities and the declining raw material prices, will provide considerable growth opportunities to oil country tubular goods market in Indonesia manufactures.
Citra Tubindo, Hunting, NIPPON STEEL & SUMITOMO METAL, Telaga Mas Mulia, Tenaris, and TPCO Pan Asia are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Market opportunity by application
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
- Recovering oil prices
- Declining raw material prices
- Technological developments in OCTG
PART 11: VENDOR LANDSCAPE
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Citra Tubindo
- Nippon Steel & Sumitomo Metal
- Telaga Mas Mulia
- TPCO Pan Asia
For more information about this report visit https://www.researchandmarkets.com/research/f4cjxs/indonesia_oil?w=5
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