Drill Pipes Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0038265
- Format: Electronic (PDF)
- Publish Type:
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.12 |
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Report Scope:The report presents an overview of the global market for the drill pipes and analyses of global market trends, with data from the base year 2016, and estimates for 2017 to 2022 with projections of CAGR.
The report includes discussion of technological, regulatory, and economic trends that affect the market. Further, it explains the major drivers and regional dynamics of the global drill pipes market and current trends within the industry.
The report includes discussion of end use deployment such as onshore and offshore locations, along with the discussion on the grade type in various regions such as North America, Europe, Asia- Pacific, Middle East and Africa and South America.
The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global Drill Pipes market.
Report Includes:
- 24 data tables and 18 additional tables
- A detailed overview and an industry analysis of the drill pipes market within the industry
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Information on factors currently driving and restraining the growth of drill pipes market along with opportunities that will affect the future of the market
- Insight into environmental concerns and regulatory issues related to drill pipe market
- Company profiles of the major market players in the market, including Drill Pipe International, Hilong group, Jindal Saw Ltd., National Oilwell Varco, Oil Country Tubular (Octl), Ltd., The Superior Drill Pipe Manufacturing, Inc., United States Steel Corp. and Vallourec S.A
Summary
The drill pipe is a hollow tube made mostly of steel or aluminum, fitted with threaded ends called tool joints. The drill pipe connects the rig equipment at the surface with the bottom hole assembly (BHA) and bit. The drill pipe pumps drill fluids to the bit, and rotates, raises and lowers the bottom hole assembly. Available in numerous sizes, the drill pipe typically is 30 to 33 feet long. It provides weight and strength to the well bore. The drill pipe is case hardened to support its own weight when sent a mile long into the earth's surface. It reduces the fatigue failure of the BHA and the additional weight of the drill bit. For onshore and offshore drilled wells, drill pipes mostly compose drilling strings.
Drill pipes are classified by grades, API (American Petroleum Institute) and premium. The drill location and hole depth determine the grade type that will be used. API grade drill pipes, which reached $REDACTED billion to lead the market in 2016, are estimated to total nearly $REDACTED billion by 2022 with a compoundannual growth rate (CAGR) of about REDACTED%. New hydrocarbon sources (oil, gas and other) is driving themarket for API and premium grade drill pipes.
The rise in the global demand for energy has increased conventional oil and gas explorations in deep and ultra-deepwater locations, spurring investments in unconventional resources such as shale, advancement in the drilling technologies and others. However, more government regulations, growing environmental concerns and the cost of high investments will restrain market growth.
Oil prices fell dramatically in 2014 due to the shale gas boom in the United States. To protect its market share and increased the cost of shale production, OPEC (Organization of the Petroleum Exporting Countries) increased their hydrocarbon production. The global oil and gas markets were in the phase of transition in the last three years (2015 to 2017), where oilfield services were increasingly employed by all major players in the market for enhanced returns.
The onshore (land) deployment of drill pipes totaled nearly $REDACTED billion in 2016 and is estimated to reach $REDACTED billion in 2022 with a CAGR of REDACTED%. The rise in the requirements for the hydrocarbons acrossvarious industries around the world is driving the companies to invest in the offshore locations such asdeep-water and ultra deepwater locations.
Geographically, North America led the global drill pipes market with a value of $REDACTED million in 2016 and is estimated to reach $REDACTED million by 2022 with a CAGR of about REDACTED%. North America owns thelargest market share and fastest growth rate due to the rise in the shale resources. North America isfollowed by Middle East and Africa, Asia-Pacific, Europe and South America in descending orde. r in terms of market share
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Methodology and Information Sources
Geographic Breakdown
Analyst's Credentials
Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Introduction
Drivers
Increasing Need for Production Optimization
Increasing Exploration and Production Activities
Restraints
Environmental Concerns and Regulatory Issues
Economic Slowdown in Various Nations
Market Opportunity
Huge Shale Reserves Across Regions
Rise in Deepwater and Ultra-Deepwater Exploration
Value Chain
Chapter 4 Market Breakdown by Grade
Introduction
API Grade
Market Outlook
Market Size and Forecast
Premium Grade
Market Outlook
Market Size and Forecast
Chapter 5 Market Breakdown by End-Use Deployment
Introduction
Onshore
Market Outlook
Market Size and Forecast
Offshore
Market Outlook
Market Size and Forecast
Chapter 6 Market Breakdown by Region
Introduction
North America
Market Outlook
Market Size and Forecast
United States
Canada
Mexico
Europe
Market Outlook
Market Size and Forecast
United Kingdom
Norway
Russia
Rest of Europe
Asia-Pacific
Market Outlook
Market Size and Forecast
China
India
Indonesia
Rest of Asia-Pacific
South America
Market Outlook
Market Size and Forecast
Brazil
Venezuela
Argentina
Rest of South America
Middle East and Africa
Market Outlook
Market Size and Forecast
Saudi Arabia
Unite Arab Emirates
Nigeria
Rest of Middle East and Africa
Chapter 7 Competitive Landscape
Introduction
Porters Five Forces
Threat of New Entrants
Bargaining Power of Supplier
Threat of Substitutes
Degree of Competition
Bargaining Power of Buyers
Developments and Strategies
Ranking of Top Companies
Future of the Market
Developing Unconventional Reserves
Deep and Ultradeep Reserves Development
Chapter 8 Company Profiles
DRILL PIPE INTERNATIONAL, LLC.
Business Overview
Products and Services
DP-MASTER MANUFACTURING (S) PTE LTD
Business Overview
Products and Services
HILONG GROUP
Business Overview
Products and Services
Financials
Developments and Strategies
JIANGYIN LONG BRIGHT DRILL PIPE MANUFACTURE CO. LTD.
Business Overview
Products and Services
JINDAL SAW LTD.
Business Overview
Products and Services
Developments and Strategies
NATIONAL OILWELL VARCO
Business Overview
Financials
OIL COUNTRY TUBULAR LTD.
Business Overview
Products and Services
SUPERIOR DRILL PIPE MANUFACTURING, INC.
Business Overview
Products and Services
TENARIS S.A.
Business Overview
Products and Services
TRUBNAYA METALLURGICHESKAYA KOMPANIYA (TMK) GROUP
Business Overview
Products and Services
TEJAS TUBULAR PRODUCTS, INC.
Business Overview
Products and Services
TEXAS STEEL CONVERSION, INC.
Business Overview
Products and Services
UNITED STATES STEEL CORP.
Business Overview
Products and Services
VALLOUREC S.A.
Business Overview
List of Tables
Summary Table : Global Market for Drill Pipes, by Region, Through 2022
Table 1 : Global Drill Pipes Market, by Grade, Through 2022
Table 2 : Global API Grade Drill Pipes Market, by Region, Through 2022
Table 3 : Global Premium Grade Drill Pipes Market, by Region, Through 2022
Table 4 : Global Drill Pipes Market, by End-use Deployment, Through 2022
Table 5 : Global Onshore Deployment Market, by Region, Through 2022
Table 6 : Global Offshore Deployment Market, by Region, Through 2022
Table 7 : Global Market for Drill Pipes, by Region, Through 2022
Table 8 : North America Market for Drill Pipes, by Country, Through 2022
Table 9 : North America Market for Drill Pipes, by Grade, Through 2022
Table 10 : North America Market for Drill Pipes, by End Use Deployment, Through 2022
Table 11 : European Market for Drill Pipes, by Country, Through 2022
Table 12 : European Market for Drill Pipes, by Grade, Through 2022
Table 13 : European Market for Drill Pipes, by End Use Deployment, Through 2022
Table 14 : Asia-Pacific Market for Drill Pipes, by Country, Through 2022
Table 15 : Asia-Pacific Market for Drill Pipes, by Grade, Through 2022
Table 16 : Asia-Pacific Market for Drill Pipes, by End Use Deployment, Through 2022
Table 17 : South American Market for Drill Pipes, by Country, Through 2022
Table 18 : South America Market for Drill Pipes, by Grade, Through 2022
Table 19 : South America Market for Drill Pipes, by End Use Deployment, Through 2022
Table 20 : Middle East and Africa Market for Drill Pipes, by Country, Through 2022
Table 21 : Middle East and Africa Market for Drill Pipes, by Grade, Through 2022
Table 22 : Middle East and Africa Market for Drill Pipes, by End Use Deployment, Through 2022
Table 23 : Development and Strategies
Table 24 : Ranking of Top Companies
Table 25 : Drill Pipe International LLC Products and Services
Table 26 : DP-Master Products and Services
Table 27 : Hilong Group Products and Services
Table 28 : Hilong Group Financials
Table 29 : Hilong Group Developments and Strategies
Table 30 : Jiangyin Long-bright Drill Pipe Manufacture Co. Ltd Products and Services
Table 31 : Jindal Saw Limited Products and Services
Table 32 : National Oilwell Varco Developments and Strategies
Table 33 : National Oilwell Varco Products and Services
Table 34 : National Oilwell Varco Financials
Table 35 : Oil Country Tubular (OCTL) Products and Services
Table 36 : Texas Steel Conversion Inc. Products and Services
Table 37 : Tenaris S.A. Products and Services
Table 38 : Oil Country Tubular (OCTL) Products and Services
Table 39 : Tejas Tubular Products Inc. Products and Services
Table 40 : Texas Steel Conversion Inc. Products and Services
Table 41 : United States Steel Corp. Products and Services
Table 42 : Vallourec S.A. Products and Services
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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