Oil country tubular goods ,such as casing is an essential good in the mining period of the oil and gas.Frankly speaking, with the increasing exploration and production activities and the new unconventional resource area have become the main driving force for the growth of OCTG market.
As competition continues to intensify, more and more companies are beginning to pay more attention to environmental safety. So the market will witness the high growth rate of premium product type such as the casing serve as an important OCTG goods.
I think the factors that contribute to the casing pipe growth and development are shown as below :
1)Over the past years, bourgeoisie population and globalization develop vigorously, which is the reason why oil, gas and energy demand is growing faster than expected.
2)Technological innovation and rapid economic expansion are a number of other important factors in developing country, which has been guiding the needs of energy.
3)The increase of investment and exploration in oil and gas further promotes the oil and gas industry.