According to the latest report by IMARC Group, titled “Drill Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global drill pipe market exhibited steady growth during 2015-2020. Looking forward, IMARC Group expects the global drill pipe market to grow at a CAGR of 3.3% during 2021-2026.
A drill pipe refers to a thick-walled, tube-shaped conduit made up of alloy or other composite materials. It provides a linkage between the surface equipment and bottom hole assembly for drilling purposes. Drill pipes consist of threaded ends, which are classified as tool joints. It is often used for moving fluid into the drill point through an annulus. Drill pipe is also deployed for directional drilling and for providing a gradual transition from heavy drill collars to lightweight equivalents.
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The rising demand for oil and gas supply from various industries is propelling the use of drill pipes on a global level. Furthermore, the growing number of oil and gas exploration activities have further propelled the market growth. Drill pipes are increasingly being used in the oil and gas sector for enduring tremendous stress, temperature, and load during drilling operations. Additionally, the rising expenditures in offshore exploration and production activities are also catalyzing the market for drill pipes. Several developments in the sector have led to the emergence of drill pipes with stronger tubular, higher-torque connections, and enhanced metallurgical properties. These advanced products exhibit greater efficiency and can withstand high concentrations of toxic substances, thereby aggravating the drill pipe market.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- DP Master
- Drill Pipe International LLC
- Hilong Group
- National Oilwell Varco
- Oil Country Tubular Limited
- Premier Drill Products
- RK Pipe & Supply LLC
- Superior Drilling Products Inc.
- Tejas Tubular Products Inc.
- Tenaris S.A.
- Texas Steel Conversion Inc.
- Vallourec S.A.
Breakup by Type:
- Standard Drill Pipes
- Heavy Weight Drill Pipes
- Drill Collars
Breakup by Material:
Breakup by Grade:
- API Grade
- Proprietary Grade
Breakup by Application:
Breakup by Industry:
- Oil and Gas Industry
- Mining Industry
- Agriculture Industry
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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