The Nigeria Oil Country Tubular Goods market is growing along with the Manufacturing industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
Oil country tubular goods (OCTG) is a family of seamless rolled products consisting of drill pipe, casing and tubing subjected to loading conditions according to their specific application.
The Nigeria oil country tubular goods market was worth US$ 440.51 million in 2019 and is projected to reach US$ 718.60 million by 2027; it is expected to grow at a CAGR of 6.5% during the forecast period.
Oil Country Tubular Limited manufactures and sells drill pipes and related products, Oil Country Tubular Products (OCTG), and services for the oil drilling and exploration industry. The company’s segment includes drill pipes and related products, OCTG sales, OCTG services, and other sales and services.
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These factors are expected to offer broad growth opportunities in the Manufacturing industry and this is expected to cause the demand for Oil Country Tubular assays in the market.
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Nigeria Oil Country Tubular Goods Market Segmentation
• Drill Pipe
• Well Casing
• Production Tubing
• DAMAGIX GROUP
• EVRAZ plc
• Hunting Group
• ILJIN STEEL CO., LTD
• JFE Steel Corporation
• National Oilwell Varco, Inc.
• OilPro Oil and Gas Limited
• Tecon Oil Sevices Ltd
• TPCO Enterprise, Inc.
• Baker Hughes Company
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