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Drill Pipe Market by Type (Standard Drill Pipes and Heavy Weight Drill Pipes (HWDP)), Grade (API and Premium), and Application (Offshore and Onshore): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10171
Pages: 199
Feb 2021 | 251 Views
 
Author(s) : Tanvi Pednekar , Onkar Sumant
Tables: 107
Charts: 57
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The drill pipe market size is expected to reach $1,648.2 million in 2027, from $1,284.3 million in 2019, growing at a CAGR of 5.2% from 2020 to 2027. Drill pipe is a thick-walled and hollow piping used for transmission of drilling fluid through the wellbore to the drill bit during rig drilling operation. Drill pipes are seamless steel pipes and are considered as a component of the drill string assembly. It consists of a threaded connection called as “tool joint”. Further, drill pipes are manufactured to withstand extreme external and internal pressures exerted by drilling fluids. It is sampled, manufactured, tested, and inspected in accordance with the standard specifications given by the American Petroleum Institute (API). On the basis of API grade, drill pipes are generally distinguished as E grade, X-95, G-105, and S-135. However, drill pipes are also available in premium grades.

The COVID-19 pandemic has negatively affected the global drill pipe market mainly due to the halt in international trade, prolonged lockdowns, and reduced demand for crude oil, globally.

The rise in exploration and drilling activities of new oil & gas extraction sites drives the growth of the drill pipe market. There is an increase in the oil & gas exploration activities owing to new advancements in drilling technologies and techniques. Considering the capital expenditure, Asia, South America, and Africa have gained significant growth. The development of new extraction and exploration sites boost the demand for drill pipes, which in turn drives the growth of the global drill pipe market share. Moreover, the rise in popularity of horizontal directional drilling using drill pipes is likely to boost the demand for drill pipes. Horizontal directional drilling (HDD) has gained traction during the last few years owing to its versatility in drilling of small sized rigs for oil & gas, utilities, pipe installation, and others. Thus, the increase in focus on HDD drives the growth of the drill pipe industry.

Drill-Pipe-Market,-2020-2027

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However, the fluctuations in raw material prices limits the growth of the drill pipe market. The political instability and disruption value chain has majorly affected the demand for oil country tubular goods (OCTG), which hinders the growth of the drill pipe market. In addition, the outbreak of the COVID-19 pandemic has majorly affected the oil & gas extraction processes, which has negatively affected the demand for drill pipes. The sudden halt in international trade, and lockdown restrictions reduce the demand for oil in the international market, which disrupted the value chain significantly. 

On the contrary, the focus toward reduction of carbon emissions during oil extraction can create a demand for new drill pipes in the near future. Various oil producing companies have aimed for net zero carbon emissions during operations to gain control over the climate change and global warming concerns. This is anticipated to create opportunities for the growth of the drill pipe market during the forecast period.

The global drill pipe market is segmented on the basis of type, grade, application, and region. Depending on type, the market is classified into standard drill pipe and heavy weight drill pipe (HWDP). According to grade, it is categorized into API grade and premium grade. On the basis of application, it is classified into offshore and onshore. 

Drill Pipe Market
By Type

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Heavy weight drill pipe (HWDP) segment is projected to grow at a significant CAGR

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The global drill pipe market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, UK, Norway, and rest of Europe), Asia-Pacific (China, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Saudi Arabia, UAE, Brazil, Colombia, Rest of LAMEA). North America is expected to hold the largest market share throughout the study period; however, Asia-Pacific is expected to grow at the fastest rate.

Drill Pipe Market
By Grade

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API segment is projected to grow at a significant CAGR

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Competition Analysis

The key market players profiled in the report include Hilong Group of Companies, Jindal Saw Ltd. (Drill Pipes International LLC), NOV Inc., Oil Country Tubular Ltd., PetroMaterials Corporation, Tejas Tubular Products, Inc., Tenaris S.A., Texas Steel Conversion, Inc., TMK Steel Limited, and Weatherock Group Holding Limited.

Drill Pipe Market
By Application

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Onshore segment holds dominant position in 2019

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Many competitors in the drill pipe market have adopted product launch as their key developmental strategy to strengthen their foothold and upgrade their product technologies. For instance, in January 2017, the company Driconeq AB, launched the eX-Flow state-of-the-art technology drill pipe. The eX-Flow drill pipe offers enhanced safety when breaking joints, reduces operating hours on drill rig and compressor, and is suitable for all types of high-pressure compressors. In addition, the pipe shows no difference in appearance when compared to standard drill pipes. 

Drill Pipe Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

North America holds a dominant position in 2019 and Asia-Pacific is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global drill pipe market trends and dynamics.  
  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive drill pipe market opportunity analysis of all the countries is also provided in the report.
  • The global drill pipe market forecast analysis from 2020 to 2027 is included in the report.
  • Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry. 

Global Drill Pipe Market Segments

By Type

  • Standard drill pipe
  • Heavy weight drill pipe (HWDP)

By Grade

  • API 
  • Premium 

By Application

  • Offshore
  • Onshore

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Russia
    • The UK
    • Norway
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Saudi Arabia
    • UAE
    • Brazil
    • Colombia
    • Rest of LAMEA

Key Players

  • Hilong Group of Companies
  • Jindal Saw Ltd. (Drill Pipes International LLC)
  • NOV Inc.
  • Oil Country Tubular Ltd.
  • PetroMaterials Corporation
  • Tejas Tubular Products, Inc.
  • Tenaris S.A.
  • Texas Steel Conversion, Inc.
  • TMK Steel Limited
  • Weatherock Group Holding Limited
 

CHAPTER 1:INTRODUCTION

1.1.Report description 
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter's five forces analysis
3.4.Market share analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Growth in exploration and drilling activities for oil around the globe
3.5.1.2.Rise in redevelopment of mature oil wells

3.5.2.Restraints

3.5.2.1.Fluctuations in raw material prices

3.5.3.Opportunity

3.5.3.1.Increasing focus towards sustainable oil & gas production

3.6.COVID-19 impact analysis

CHAPTER 4:DRILL PIPE MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast, by type

4.2.Standard drill pipe

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Heavy weight drill pipe (HWDP)

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:DRILL PIPE MARKET, BY GRADE

5.1.Overview

5.1.1.Market size and forecast, by grade

5.2.American Petroleum Institute (API)

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Premium

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:DRILL PIPE MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast, by application

6.2.Offshore

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Onshore

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:DRILL PIPE MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by grade
7.2.4.Market size and forecast, by application
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by grade
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by grade
7.2.5.2.3.Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by grade
7.2.5.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by grade
7.3.4.Market size and forecast, by application
7.3.5.Europe market size and forecast, by country

7.3.5.1.Russia

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by grade
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by grade
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.Norway

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by grade
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Rest of Europe

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by grade
7.3.5.4.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by grade
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by grade
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by grade
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.Indonesia

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by grade
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.Rest of Asia-Pacific

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by grade
7.4.5.4.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by grade
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country

7.5.5.1.Saudi Arabia

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by grade
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.UAE

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by grade
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.Brazil

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by grade
7.5.5.3.3.Market size and forecast, by application

7.5.5.4.Colombia

7.5.5.4.1.Market size and forecast, by type
7.5.5.4.2.Market size and forecast, by grade
7.5.5.4.3.Market size and forecast, by application

7.5.5.5.Rest of LAMEA

7.5.5.5.1.Market size and forecast, by type
7.5.5.5.2.Market size and forecast, by grade
7.5.5.5.3.Market size and forecast, by application

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market player positioning, 2019

CHAPTER 9:COMPANY PROFILES: DRILL PIPE MARKET

9.1.Hilong Holding Limited

9.1.1.Company overview
9.1.2.Key Executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance

9.2.Jindal Saw Ltd. (Drill Pipes International, LLC)

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.Business performance

9.3.National Oilwell Varco, Inc.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Business performance
9.3.7.Key strategic moves and developments

9.4.Oil Country Tubular Limited

9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.Business performance

9.5.PetroMaterials Corporation

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.Tejas Tubular Products, Inc.

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Product portfolio

9.7.Tenaris S.A.

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.R&D Expenditure
9.7.7.Business performance

9.8.Texas Steel Conversion, Inc.

9.8.1.Company overview
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.TMK Steel Limited

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance

9.10.Weatherock Group Holding Limited

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL DRILL PIPE MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 02.DRILL PIPE MARKET REVENUE FOR STANDARD DRILL PIPE, BY REGION 2019–2027($MILLION)
TABLE 03.DRILL PIPE MARKET REVENUE FOR HEAVY WEIGHT DRILL PIPE (HWDP), BY REGION 2019–2027($MILLION)
TABLE 04.GLOBAL DRILL PIPE MARKET, BY GRADE, 2019-2027 ($MILLION)
TABLE 05.API DRILL PIPE MARKET REVENUE, BY REGION 2019–2027($MILLION)
TABLE 06.PREMIUM DRILL PIPE MARKET REVENUE, BY REGION 2019–2027($MILLION)
TABLE 07.GLOBAL DRILL PIPE MARKET REVENUE, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 08.DRILL PIPE MARKET REVENUE FOR OFFSHORE, BY REGION 2019–2027($MILLION)
TABLE 09.DRILL PIPE MARKET REVENUE FOR ONSHORE, BY REGION 2019–2027($MILLION)
TABLE 10.GLOBAL DRILL PIPE MARKET REVENUE, BY REGION 2019–2027$MILLION)
TABLE 11.NORTH AMERICA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 12.NORTH AMERICA DRILL PIPE MARKET REVENUE, BY GRADE, 2019–2027($MILLION)
TABLE 13.NORTH AMERICA DRILL PIPE MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 14.NORTH AMERICA DRILL PIPE MARKET REVENUE, BY COUNTRY 2019–2027($MILLION)
TABLE 15.U.S. DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 16.U.S. DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 17.U.S. DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 18.CANADA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 19.CANADA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 20.CANADA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 21.MEXICO DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 22.MEXICO DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 23.MEXICO DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 24.EUROPE DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 25.EUROPE DRILL PIPE MARKET REVENUE, BY GRADE, 2019–2027($MILLION)
TABLE 26.EUROPE DRILL PIPE MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 27.EUROPE DRILL PIPE MARKET REVENUE, BY COUNTRY 2019–2027($MILLION)
TABLE 28.RUSSIA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 29.RUSSIA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 30.RUSSIA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 31.UK DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 32.UK DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 33.UK DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 34.NORWAY DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 35.NORWAY DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 36.NORWAY DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 37.REST OF EUROPE DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 38.REST OF EUROPE DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 39.REST OF EUROPE DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 40.ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 41.ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY GRADE, 2019–2027($MILLION)
TABLE 42.ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 43.ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY COUNTRY 2019–2027($MILLION)
TABLE 44.CHINA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 45.CHINA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 46.CHINA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 47.INDIA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 48.INDIA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 49.INDIA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 50.INDONESIA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 51.INDONESIA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 52.INDONESIA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 53.REST OF ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 54.REST OF ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 55.REST OF ASIA-PACIFIC DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 56.LAMEA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 57.LAMEA DRILL PIPE MARKET REVENUE, BY GRADE, 2019–2027($MILLION)
TABLE 58.LAMEA DRILL PIPE MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 59.LAMEA DRILL PIPE MARKET REVENUE, BY COUNTRY 2019–2027($MILLION)
TABLE 60.SAUDI ARABIA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 61.SAUDI ARABIA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 62.SAUDI ARABIA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 63.UAE DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 64.UAE DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 65.UAE DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 66.BRAZIL DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 67.BRAZIL DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 68.BRAZIL DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 69.COLOMBIA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 70.COLOMBIA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 71.COLOMBIA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 72.REST OF LAMEA DRILL PIPE MARKET REVENUE, BY TYPE 2019–2027($MILLION)
TABLE 73.REST OF LAMEA DRILL PIPE MARKET REVENUE, BY GRADE 2019–2027($MILLION)
TABLE 74.REST OF LAMEA DRILL PIPE MARKET REVENUE, BY APPLICATION 2019–2027($MILLION)
TABLE 75.HILONG: KEY EXECUTIVES
TABLE 76.HILONG: COMPANY SNAPSHOT
TABLE 77.HILONG: OPERATING SEGMENTS
TABLE 78.HILONG: PRODUCT PORTFOLIO
TABLE 79.JINDAL: KEY EXECUTIVES
TABLE 80.JINDAL: COMPANY SNAPSHOT
TABLE 81.JINDAL: PRODUCT PORTFOLIO
TABLE 82.NOV: KEY EXECUTIVES
TABLE 83.NOV: COMPANY SNAPSHOT
TABLE 84.NOV: OPERATING SEGMENTS
TABLE 85.NOV: PRODUCT PORTFOLIO
TABLE 86.OCTL: KEY EXECUTIVES
TABLE 87.OCTL: COMPANY SNAPSHOT
TABLE 88.OCTL: OPERATING SEGMENTS
TABLE 89.OCTL: PRODUCT PORTFOLIO
TABLE 90.PETROMATERIALS: KEY EXECUTIVE
TABLE 91.PETROMATERIALS: COMPANY SNAPSHOT
TABLE 92.PETROMATERIALS: PRODUCT PORTFOLIO
TABLE 93.TEJAS TUBULAR: KEY EXECUTIVES
TABLE 94.TEJAS TUBULAR: COMPANY SNAPSHOT
TABLE 95.TEJAS TUBULAR: PRODUCT PORTFOLIO
TABLE 96.TENARIS: KEY EXECUTIVES
TABLE 97.TENARIS: COMPANY SNAPSHOT
TABLE 98.TENARIS: OPERATING SEGMENTS
TABLE 99.TENARIS: PRODUCT PORTFOLIO
TABLE 100.TSC: COMPANY SNAPSHOT
TABLE 101.TSC: PRODUCT PORTFOLIO
TABLE 102.TMK: KEY EXECUTIVES
TABLE 103.TMK: COMPANY SNAPSHOT
TABLE 104.TMK: OPERATING SEGMENTS
TABLE 105.TMK: PRODUCT PORTFOLIO
TABLE 106.WEATHEROCK: COMPANY SNAPSHOT
TABLE 107.WEATHEROCK: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW TO MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 08.LOW TO MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.MARKET SHARE ANALYSIS
FIGURE 11.GLOBAL DRILL PIPE MARKET, BY TYPE, 2019-2027
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF DRILL PIPE MARKET REVENUE FOR STANDARD DRILL PIPE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF DRILL PIPE MARKET FOR HEAVY WEIGHT DRILL PIPE (HWDP), BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.GLOBAL DRILL PIPE MARKET, BY GRADE, 2019-2027
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF API DRILL PIPE MARKET REVENUE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF PREMIUM DRILL PIPE MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.GLOBAL DRILL PIPE MARKET, BY APPLICATION, 2019–2027
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF DRILL PIPE MARKET FOR OFFSHORE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF DRILL PIPE MARKET FOR ONSHORE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.GLOBAL DRILL PIPE MARKET, BY REGION, 2019–2027
FIGURE 21.U.S. DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 22.CANADA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 23.MEXICO DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 24.RUSSIA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 25.UK DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 26.NORWAY DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 27.REST OF EUROPE DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 28.CHINA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 29.INDIA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 30.INDONESIA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 31.REST OF ASIA-PACIFIC DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 32.SAUDI ARABIA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 33.UAE DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 34.BRAZIL DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 35.COLOMBIA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 36.REST OF LAMEA DRILL PIPE MARKET REVENUE, 2019–2027($MILLION)
FIGURE 37.MARKET PLAYER POSITIONING, 2019
FIGURE 38.HILONG: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 39.HILONG: REVENUE, 2017–2019 ($MILLION)
FIGURE 40.HILONG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 41.HILONG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 42.JINDAL: REVENUE, 2018–2020 ($MILLION)
FIGURE 44.JINDAL: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 45.NOV: REVENUE, 2017–2019 ($MILLION)
FIGURE 46.NOV: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47.NOV: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48.OCTL: REVENUE, 2018–2020 ($MILLION)
FIGURE 49.OCTG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 50.TENARIS: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 51.TENARIS: REVENUE, 2017–2019 ($MILLION)
FIGURE 52.TENARIS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 53.TENARIS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 54.TMK: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 55.TMK: REVENUE, 2017–2019 ($MILLION)
FIGURE 56.TMK: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 57.TMK: REVENUE SHARE BY REGION, 2019 (%)

 
 

The U.S. is the largest shareholder of the drill pipe industry, owing to high investment on oil & gas extraction and exploration activities. Currently, the U.S. is the highest oil producing country globally followed by Saudi Arabia. However, considering the production and consumption of drill pipes, China is the second largest contributing country after the U.S. Furthermore, China is the largest exporter of oil country tubular goods (OCTG) especially in API grade products. The demand for drill pipes is anticipated to experience growth during the forecast period though the year-on-year growth of the industry is anticipated to decline from 2019 to 2020.

Moreover, the market is likely to expect positive upturn during the forecast period, due to the increase in focus on reduction of carbon emissions during oil & gas production. Companies are likely to adopt new drilling components to increase the efficiency of the rig and reduce the overall carbon emissions to curb the rise in global warming and climate change problems. 

Many competitors in the drill pipe market have adopted product launch as their key developmental strategy to strengthen their foothold and upgrade their product technologies. For instance, in January 2017, the company Driconeq AB, launched the eX-Flow state-of-the-art technology drill pipe. The eX-Flow drill pipe offers enhanced safety when breaking joints, reduces operating hours on drill rig and compressor, and is suitable for all types of high-pressure compressors. In addition, the pipe shows no difference in appearance when compared to standard drill pipes.
 

 
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FREQUENTLY ASKED QUESTIONS?
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A. The global drill pipe market size was $1,284.3million in 2019 and is projected to reach $1,648.2 million in 2027, growing at a CAGR of 5.2% from 2020 to 2027.

A. The forecast period considered for the global drill pipe market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. The base year considered in the global drill pipe market is 2019.

A. No, the report does not provide Value Chain Analysis for the global drill pipe market. However, it provides market share analysis for the top players in the drill pipe market.

A. On the basis of type, the standard drill pipe segment is expected to be the most influencing segment growing in the global drill pipe market report.

A. Based on the application, in 2019, the onshore segment generated the highest revenue, accounting for 69.8% of the market, and is projected to grow at a CAGR of 4.8% from 2020 to 2027.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The market value of global drill pipe market is $1,155.9 million in 2020. The decline is mainly due to the COVID-19 pandemic and the contraction of construction industry. COVID Banner Statement: The COVID-19 pandemic has negatively affected the global drill pipe market mainly due to the halt in international trade, prolonged lockdowns, and reduced demand for crude oil, globally.

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