Drill Pipe Market Synopsis
Drill Pipe Market Size Was Valued at USD 2.23 Billion in 2023 and is Projected to Reach USD 3.16 Billion by 2032, Growing at a CAGR of 3.68% From 2024-2032.
Drill pipe is a thick-walled and hollow piping used for transmission of drilling fluid through wellbore to the drill bit during rig drilling operation. Drill pipes are seamless steel pipes and are considered as a component of drill string assembly. Drill pipes are also built to handle high external and internal pressures that drilling fluids exert. It is manufactured, inspected, and tested in compliance with the American Petroleum Institute's standard criteria (API). Drill pipes are classified as E grade, X-95, G-105, and S-135 on their API grade.
- A drill pipe is a thick-walled tubular pipe made of metal alloy and other composite materials. It consists of threaded ends called tool joints. Drill pipe is mainly used to connect the interface between the drilling rig and the boreholes. It is also used to move the liquid down towards the drilling point or up using the ring. A variety of drill pipes are available for directional drilling and a gradual transition from heavy-duty drill collars to lightweight options.
- Each double-ended section of the drill pipe is connected to tool connections. Standard drill pipe, heavy drill, and drill collars are different types of drill pipe. Drill pipe is used in a variety of industries including mining, agriculture, oil and gas, and many others. The market is mainly driven by the growth of mining activities and the construction of new oil and gas fields.
The Drill Pipe Market Trend Analysis
The Rising Demand for Drill Pipes at Oil and Gas Extraction Sites
- The rapidly increasing demand for oil and gas in the industrial, transportation, and residential sectors is the main factor driving the growth of the market. In addition, drill pipes play an important role in oil and gas exploration because they withstand enormous stress, heat, and stress during drilling and completion fluids. They also prevent failures that can cause delays and loss of resources.
- In addition, when drilling wells, drill pipes are used to cut rock layers on land and underwater. As global oil exploration moves to complex geographies, the demand for advanced drill pipes increases. Moreover, increased investment in offshore exploration and production activities in both developed and emerging economies is driving market growth.
- Many product innovations such as the introduction of drill pipes that can operate in areas with high pressure, temperature, permafrost, or high concentrations of toxic substances such as hydrogen sulfide (H2S) will further boost the market growth. It also includes making stronger tubes, higher torque joints, and metallurgical properties to increase durability and longevity.
Rapid Growth in Drilling Activities
- Discovery of new hydrocarbon reserves in the countries especially in the South China Sea, Pakistan, Australia, Egypt, and Senegal in the last few years is excepted to provide growth opportunities to industry participants in the upcoming years. The increasing technological advancements and innovations related to drilling operations are likely to provide growth opportunities for the market.
- During the forecast period drill pipe provides many opportunities for market players to invest in research and development of the market. Developing countries such as China, Australia, India, and Indonesia, are leading the Asia-Pacific market with rising rig activities in the region, development of offshore basins, strong economic growth, large consumer base, and significant investment by leading industry players considering potential growth opportunities.
- Moreover, the presence of major key players like Drill Pipe International LLC., Superior Drill Pipe Manufacturing Inc, DP Master Manufacturing Pte Ltd., and others are focused on new product launches, collaborations, partnerships, and acquisition drives the market growth in the upcoming years. For instance, NOV acquired the advanced drilling solutions (ADS) business of AFGlobal, an oil and gas OEM specializing in technology, products, and services. Under this acquisition, NOV’s experience and expertise combined with AFGlobal’s extensive portfolio provided the company with promising breakthrough opportunities in MPD.
Segmentation Analysis of The Drill Pipe Market
Drill Pipe market segments cover the Type, Material, Application, and Grade. By Grade, the American Petroleum Institute (API) Grade, a segment is anticipated to dominate the Market Over the Forecast period.
- API grade drill bit accounted for the largest share of global demand and is expected to continue its dominant position during the forecast period. Standardization of finished products and relatively low prices for their quality are expected to encourage market entry. The use of these products also ensures a reduction in operating costs for E&P and operator companies. API grade products are largely preferred in conventional environments and conventional reservoirs due to easy availability and lower OpEx costs for both E&P and contractor companies.
- Exploration in unusual and harsh environmental conditions, especially oil shale, CBM, and tight reserves, will increase the demand for high-quality drill pipes during the forecast period. API grade drill bit is cheaper than a high-grade drill bit. Superior drill pipes are generally suitable for unusual drilling conditions, such as high temperature, high pressure, corrosive environment, etc. With the growth of deep-water drilling, the premium drill pipe market is expected to grow faster than the API drill pipe market.
Regional Analysis of The Drill Pipe Market
North America is Expected to Dominate the Market Over the Forecast period.
- The North American drill pipe market will witness strong growth, owing to a rise in capital expenditure from independent players across the region. Large investments by major E&P companies in both conventional and unconventional fields have been the major factor responsible for initial market penetration in the region.
- Due to an increase in demand for oil and gas production activities in these regions, the demand for drill pipes required to pump drilling fluid during these production activities will also most likely increase, thus, leading to market growth in the upcoming years. For instance, according to Statista, The United States is the world's largest crude oil producer. In 2021, it had an output of 16.6 million barrels worth of oil per day. This was nearly 10 million barrels more than ten years prior and largely a result of advances in unconventional tight oil production. Saudi Arabia and Russia ranked second and third, each at around 11 million barrels daily. Oil production includes crude oil, shale oil, oil sands, and natural gas liquids.
- Due to the ongoing shale gas exploration in the region, especially in the United States. The improvement of shale formations has been associated with an increase in employment in the oil and gas industry in the United States and is excepted to boost the market growth during the forecast period. The presence of a large number of oil and gas companies, such as Schlumberger, Baker Hughes, and RK Pipe LLC, increases the market share of the drill pipe market in this region.
Top Key Players Covered in The Drill Pipe Market
- Drill Pipe International LLC. (US)
- Superior Drill Pipe Manufacturing Inc (US)
- DP Master Manufacturing Pte Ltd. (Singapore)
- RK Pipe LLC (US)
- TPS-Technitube Röhrenwerke (Germany)
- Oil Country Tubular Limited (India)
- Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd. (China)
- Hilong Group (China)
- Tejas Tubular Products Inc. (US)
- Tenaris SA (Luxembourg)
- National Oilwell Varco (US)
- Workstrings International (US)
- Vallourec (France)
- Inter Drill Asia Ltd (India), and Other Major Players
Key Industry Developments in the Drill Pipe Market
- In November 2023, Hilong Holding Limited, an oilfield equipment and services provider, announced the signing of two coating service contracts and seven drill pipe supply contracts, valuing USD 41.5 million. The drill pipe supply contracts were signed with companies in the South American and North American markets, including Ventura Petroleo S.A. in South America and several Canadian companies such as Precision Drilling Canada, Horizon Drilling, Savanna Drilling, Complete Tubular Products, and Bonanza Drilling. The company also renewed a contract with Ensign US Southern Drilling LLC, a subsidiary of Ensign Energy Services Inc.
- In October 2023, Oceaneering International, Inc., a global technology company, announced a five-year contract with Petróleo Brasileiro S.A. (Petrobras) to operate 3 existing drill pipe riser (DPR) systems in Brazil. The agreement, valued at up to USD 75 million, will commence when the current contract expires or 18 months after the award.
Global Drill Pipe Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.23 Bn. |
Forecast Period 2024-32 CAGR: |
3.68% |
Market Size in 2032: |
USD 3.16 Bn. |
Segments Covered: |
By Type |
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By Material |
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By Grade |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Grade
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Drill Pipe Market by Type
5.1 Drill Pipe Market Overview Snapshot and Growth Engine
5.2 Drill Pipe Market Overview
5.3 Standard Drill Pipe
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Standard Drill Pipe: Geographic Segmentation
5.4 Heavy Weight Drill Pipe
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Heavy Weight Drill Pipe: Geographic Segmentation
5.5 Drill Collar
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Drill Collar: Geographic Segmentation
Chapter 6: Drill Pipe Market by Grade
6.1 Drill Pipe Market Overview Snapshot and Growth Engine
6.2 Drill Pipe Market Overview
6.3 American Petroleum Institute (API) Grade
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 American Petroleum Institute (API) Grade: Geographic Segmentation
6.4 Proprietary Grade
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Proprietary Grade: Geographic Segmentation
Chapter 7: Drill Pipe Market by Application
7.1 Drill Pipe Market Overview Snapshot and Growth Engine
7.2 Drill Pipe Market Overview
7.3 Onshore
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Onshore: Geographic Segmentation
7.4 Offshore
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Offshore: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Drill Pipe Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Drill Pipe Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Drill Pipe Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 DRILL PIPE INTERNATIONAL LLC.
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 SUPERIOR DRILL PIPE MANUFACTURING INC
8.4 DP MASTER MANUFACTURING PTE LTD.
8.5 RK PIPE LLC
8.6 TPS-TECHNITUBE ROHRENWERKE
8.7 OIL COUNTRY TUBULAR LIMITED
8.8 JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.
8.9 HILONG GROUP
8.10 TEJAS TUBULAR PRODUCTS INC.
8.11 TENARIS SA
8.12 NATIONAL OILWELL VARCO
8.13 WORKSTRINGS INTERNATIONAL
8.14 VALLOUREC
8.15 INTER DRILL ASIA LTD
8.16 OTHER MAJOR PLAYERS
Chapter 9: Global Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Standard Drill Pipe
9.2.2 Heavy Weight Drill Pipe
9.2.3 Drill Collar
9.3 Historic and Forecasted Market Size By Grade
9.3.1 American Petroleum Institute (API) Grade
9.3.2 Proprietary Grade
9.4 Historic and Forecasted Market Size By Application
9.4.1 Onshore
9.4.2 Offshore
Chapter 10: North America Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Standard Drill Pipe
10.4.2 Heavy Weight Drill Pipe
10.4.3 Drill Collar
10.5 Historic and Forecasted Market Size By Grade
10.5.1 American Petroleum Institute (API) Grade
10.5.2 Proprietary Grade
10.6 Historic and Forecasted Market Size By Application
10.6.1 Onshore
10.6.2 Offshore
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Standard Drill Pipe
11.4.2 Heavy Weight Drill Pipe
11.4.3 Drill Collar
11.5 Historic and Forecasted Market Size By Grade
11.5.1 American Petroleum Institute (API) Grade
11.5.2 Proprietary Grade
11.6 Historic and Forecasted Market Size By Application
11.6.1 Onshore
11.6.2 Offshore
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Standard Drill Pipe
12.4.2 Heavy Weight Drill Pipe
12.4.3 Drill Collar
12.5 Historic and Forecasted Market Size By Grade
12.5.1 American Petroleum Institute (API) Grade
12.5.2 Proprietary Grade
12.6 Historic and Forecasted Market Size By Application
12.6.1 Onshore
12.6.2 Offshore
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Standard Drill Pipe
13.4.2 Heavy Weight Drill Pipe
13.4.3 Drill Collar
13.5 Historic and Forecasted Market Size By Grade
13.5.1 American Petroleum Institute (API) Grade
13.5.2 Proprietary Grade
13.6 Historic and Forecasted Market Size By Application
13.6.1 Onshore
13.6.2 Offshore
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Drill Pipe Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Standard Drill Pipe
14.4.2 Heavy Weight Drill Pipe
14.4.3 Drill Collar
14.5 Historic and Forecasted Market Size By Grade
14.5.1 American Petroleum Institute (API) Grade
14.5.2 Proprietary Grade
14.6 Historic and Forecasted Market Size By Application
14.6.1 Onshore
14.6.2 Offshore
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Drill Pipe Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.23 Bn. |
Forecast Period 2024-32 CAGR: |
3.68% |
Market Size in 2032: |
USD 3.16 Bn. |
Segments Covered: |
By Type |
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By Material |
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By Grade |
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By Application |
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By Region |
|
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. DRILL PIPE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. DRILL PIPE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. DRILL PIPE MARKET COMPETITIVE RIVALRY
TABLE 005. DRILL PIPE MARKET THREAT OF NEW ENTRANTS
TABLE 006. DRILL PIPE MARKET THREAT OF SUBSTITUTES
TABLE 007. DRILL PIPE MARKET BY TYPE
TABLE 008. STANDARD DRILL PIPE MARKET OVERVIEW (2016-2028)
TABLE 009. HEAVY WEIGHT DRILL PIPE MARKET OVERVIEW (2016-2028)
TABLE 010. DRILL COLLAR MARKET OVERVIEW (2016-2028)
TABLE 011. DRILL PIPE MARKET BY GRADE
TABLE 012. AMERICAN PETROLEUM INSTITUTE (API) GRADE MARKET OVERVIEW (2016-2028)
TABLE 013. PROPRIETARY GRADE MARKET OVERVIEW (2016-2028)
TABLE 014. DRILL PIPE MARKET BY APPLICATION
TABLE 015. ONSHORE MARKET OVERVIEW (2016-2028)
TABLE 016. OFFSHORE MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA DRILL PIPE MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA DRILL PIPE MARKET, BY GRADE (2016-2028)
TABLE 019. NORTH AMERICA DRILL PIPE MARKET, BY APPLICATION (2016-2028)
TABLE 020. N DRILL PIPE MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE DRILL PIPE MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE DRILL PIPE MARKET, BY GRADE (2016-2028)
TABLE 023. EUROPE DRILL PIPE MARKET, BY APPLICATION (2016-2028)
TABLE 024. DRILL PIPE MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC DRILL PIPE MARKET, BY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC DRILL PIPE MARKET, BY GRADE (2016-2028)
TABLE 027. ASIA PACIFIC DRILL PIPE MARKET, BY APPLICATION (2016-2028)
TABLE 028. DRILL PIPE MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA DRILL PIPE MARKET, BY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA DRILL PIPE MARKET, BY GRADE (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA DRILL PIPE MARKET, BY APPLICATION (2016-2028)
TABLE 032. DRILL PIPE MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA DRILL PIPE MARKET, BY TYPE (2016-2028)
TABLE 034. SOUTH AMERICA DRILL PIPE MARKET, BY GRADE (2016-2028)
TABLE 035. SOUTH AMERICA DRILL PIPE MARKET, BY APPLICATION (2016-2028)
TABLE 036. DRILL PIPE MARKET, BY COUNTRY (2016-2028)
TABLE 037. DRILL PIPE INTERNATIONAL LLC.: SNAPSHOT
TABLE 038. DRILL PIPE INTERNATIONAL LLC.: BUSINESS PERFORMANCE
TABLE 039. DRILL PIPE INTERNATIONAL LLC.: PRODUCT PORTFOLIO
TABLE 040. DRILL PIPE INTERNATIONAL LLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. SUPERIOR DRILL PIPE MANUFACTURING INC: SNAPSHOT
TABLE 041. SUPERIOR DRILL PIPE MANUFACTURING INC: BUSINESS PERFORMANCE
TABLE 042. SUPERIOR DRILL PIPE MANUFACTURING INC: PRODUCT PORTFOLIO
TABLE 043. SUPERIOR DRILL PIPE MANUFACTURING INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. DP MASTER MANUFACTURING PTE LTD.: SNAPSHOT
TABLE 044. DP MASTER MANUFACTURING PTE LTD.: BUSINESS PERFORMANCE
TABLE 045. DP MASTER MANUFACTURING PTE LTD.: PRODUCT PORTFOLIO
TABLE 046. DP MASTER MANUFACTURING PTE LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. RK PIPE LLC: SNAPSHOT
TABLE 047. RK PIPE LLC: BUSINESS PERFORMANCE
TABLE 048. RK PIPE LLC: PRODUCT PORTFOLIO
TABLE 049. RK PIPE LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. TPS-TECHNITUBE ROHRENWERKE: SNAPSHOT
TABLE 050. TPS-TECHNITUBE ROHRENWERKE: BUSINESS PERFORMANCE
TABLE 051. TPS-TECHNITUBE ROHRENWERKE: PRODUCT PORTFOLIO
TABLE 052. TPS-TECHNITUBE ROHRENWERKE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. OIL COUNTRY TUBULAR LIMITED: SNAPSHOT
TABLE 053. OIL COUNTRY TUBULAR LIMITED: BUSINESS PERFORMANCE
TABLE 054. OIL COUNTRY TUBULAR LIMITED: PRODUCT PORTFOLIO
TABLE 055. OIL COUNTRY TUBULAR LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.: SNAPSHOT
TABLE 056. JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.: BUSINESS PERFORMANCE
TABLE 057. JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.: PRODUCT PORTFOLIO
TABLE 058. JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. HILONG GROUP: SNAPSHOT
TABLE 059. HILONG GROUP: BUSINESS PERFORMANCE
TABLE 060. HILONG GROUP: PRODUCT PORTFOLIO
TABLE 061. HILONG GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. TEJAS TUBULAR PRODUCTS INC.: SNAPSHOT
TABLE 062. TEJAS TUBULAR PRODUCTS INC.: BUSINESS PERFORMANCE
TABLE 063. TEJAS TUBULAR PRODUCTS INC.: PRODUCT PORTFOLIO
TABLE 064. TEJAS TUBULAR PRODUCTS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. TENARIS SA: SNAPSHOT
TABLE 065. TENARIS SA: BUSINESS PERFORMANCE
TABLE 066. TENARIS SA: PRODUCT PORTFOLIO
TABLE 067. TENARIS SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. NATIONAL OILWELL VARCO: SNAPSHOT
TABLE 068. NATIONAL OILWELL VARCO: BUSINESS PERFORMANCE
TABLE 069. NATIONAL OILWELL VARCO: PRODUCT PORTFOLIO
TABLE 070. NATIONAL OILWELL VARCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. WORKSTRINGS INTERNATIONAL: SNAPSHOT
TABLE 071. WORKSTRINGS INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 072. WORKSTRINGS INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 073. WORKSTRINGS INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. VALLOUREC: SNAPSHOT
TABLE 074. VALLOUREC: BUSINESS PERFORMANCE
TABLE 075. VALLOUREC: PRODUCT PORTFOLIO
TABLE 076. VALLOUREC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. INTER DRILL ASIA LTD: SNAPSHOT
TABLE 077. INTER DRILL ASIA LTD: BUSINESS PERFORMANCE
TABLE 078. INTER DRILL ASIA LTD: PRODUCT PORTFOLIO
TABLE 079. INTER DRILL ASIA LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 080. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 081. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 082. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. DRILL PIPE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. DRILL PIPE MARKET OVERVIEW BY TYPE
FIGURE 012. STANDARD DRILL PIPE MARKET OVERVIEW (2016-2028)
FIGURE 013. HEAVY WEIGHT DRILL PIPE MARKET OVERVIEW (2016-2028)
FIGURE 014. DRILL COLLAR MARKET OVERVIEW (2016-2028)
FIGURE 015. DRILL PIPE MARKET OVERVIEW BY GRADE
FIGURE 016. AMERICAN PETROLEUM INSTITUTE (API) GRADE MARKET OVERVIEW (2016-2028)
FIGURE 017. PROPRIETARY GRADE MARKET OVERVIEW (2016-2028)
FIGURE 018. DRILL PIPE MARKET OVERVIEW BY APPLICATION
FIGURE 019. ONSHORE MARKET OVERVIEW (2016-2028)
FIGURE 020. OFFSHORE MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA DRILL PIPE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE DRILL PIPE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC DRILL PIPE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA DRILL PIPE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA DRILL PIPE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Drill Pipe Market research report is 2024-2032.
Drill Pipe International LLC. (US), Superior Drill Pipe Manufacturing Inc (US), DP Master Manufacturing Pte Ltd. (Singapore), RK Pipe LLC (US), TPS-Technitube Rohrenwerke (Germany), Oil Country Tubular Limited (India), Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd. (China), Hilong Group (China), Tejas Tubular Products Inc. (US), Tenaris SA (Luxembourg), National Oilwell Varco (US), Workstrings International (US), Vallourec (France), Inter Drill Asia Ltd (India), and Other Major Players
The Drill Pipe Market is segmented into Type, Material, Grade, Application, and region. By Type, the market is categorized into Standard Drill Pipe, Heavy Weight Drill Pipe, and Drill Collar. By, Material, the market is categorized into Alloys, Composites. By Grade, the market is categorized into American Petroleum Institute (API) Grade and Proprietary Grade. By Application, the market is categorized into Onshore and Offshore. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A drill pipe is a thick-walled tubular pipe made of metal alloy and other composite materials. It consists of threaded ends called tool joints. Drill pipe is mainly used to connect the interface between the drilling rig and the boreholes. It is also used to move the liquid down towards the drilling point or up using the ring. A variety of drill pipes are available for directional drilling and a gradual transition from heavy-duty drill collars to lightweight options.
Drill Pipe Market Size Was Valued at USD 2.23 Billion in 2023 and is Projected to Reach USD 3.16 Billion by 2032, Growing at a CAGR of 3.68% From 2024-2032.