The current status of the OCTG industry based on its market analysis clearly reveals that there is a high demand for OCTG products for offshore activities and exploration of reserves. This trend is expected to continue in the coming five years and the market will witness a rising demand for premium oil country tubular goods.
Katy, TX -- (SBWIRE) -- 06/26/2015 -- The United States along with Europe and the Middle East have the largest market share for OCTG casing and they continue to dominate the industry with cost-effective solutions. The ever-increasing requirement for energy resources has led to a high demand for reliable, high-quality and affordable oil country tubular goods. The OCTG market is currently facing a fierce competition for producing premium quality connections and high-strength line pipes at competitive prices.
Big Bear Casing Solutions (BBCS) is a major player in the OCTG sector and has convenient access to domestic as well as international resources. The company stocks both domestic and international casing, tubing and line pipe solutions and delivers anywhere across the globe, on schedule.
The OCTG industry presents a highly competitive landscape for the key players. OCTG are essential components for exploring oil and gas reservoirs and are needed during the entire production lifecycle. The OCTG industry has come a long way and today these products are designed to offer maximum safety against hazards at a much lower price. The escalating investments, developmental policies and strong growth rates clearly indicate that the OCTG market has great prospects in the global economy.
Big Bear Casing Solutions stocks an exhaustive product line of OCTG casing in different dimensions, grades, and weights to cater to a diverse client base. All the products available at BBCS are supplied with a variety of connections that are inclusive of API, premium and semi-premium threads. These products adhere to the highest levels of quality control for transportation and down-hole operations. The company also provides pump joints and markers with a faster turnaround.
To conclude, it can be safely stated that the OCTG market is supposedly at its peak and it reflects a steady growth in the coming years. The future of the natural gas and crude oil space seems bright and this will have a direct positive impact on global economies and the OCTG market.
About Big Bear Casing Solutions
Big Bear Casing Solutions is an industry leader for line pipe products and oil country tubular goods. The company has multiple affiliations with logistic companies, stocking yards, and processing facilities throughout the United States and Canada.
For premium quality OCTG casing and reliable tubular services, please visit bigbearcasing.com.