Drill Pipe Market, By Grade (API Grade and Premium Grade), By End User (Onshore and Offshore), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

Drill Pipe Market accounted for USD 5.34 billion in 2020 and is estimated to be USD 10.98 billion by 2030 and is anticipated to register a CAGR of 7.5%.

Drill pipes are hollow thick-walled pipe of steel, and aluminum alloy piping to carry out horizontal drilling for facilitating drilling in a wellbore. Drill pipes are available in various types, sizes, weight, and strengths. Oil and gas exploration activities have to withstand enormous stress, load and heat during drilling operations in which drill pipes plays important role to withstand all stress. They are usually long in height single length drill pipe consists of a hollow tube with adequate wall thickness along with tool joint connections at the two ends. In well drilling operations, the well has to be drilled through rocky layers on land and sometimes inside the sea. Drill pipes are subject to torsional stress and fatigue at the time of drilling; thus, they are seamless in nature and are heat-treated to conform the specifications.

Rising offshore oil fields activity

The major factors driving the global drill pipe market are increasing offshore exploration, production activities & increasing investments for the development of offshore oil fields. Increasing investment in oil exploration activities and advancement in drilling technologies also propels the growth of target market. Increasing presence of conventional and large unconventional onshore oil and gas business is another factor expected to fuel growth of the target market. Increasing demand for oil and gas supply in various industrial, transportation and domestic applications enhances the growth of the global market. On-going government ventures to increase crude production along with rising demand for petroleum products are some factors which will increase the growth of the global drill pipe market.

 However, the high operational cost of drilling procedures and increasing atmospheric distress due to emission of hazardous gases are the factor to restrain the growth of global drill pipe market.

Drill Pipe Market is segmented based on grade, end user, and region.

On the basis of grade, the drill pipe market is divided into API grade and premium grade. On the basis of end user, the target market is divided into onshore and offshore.

Regional Insights:

The drill pipes market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 10.98 billion by 2030 and is anticipated to register a CAGR of 7.5%. On region the global Drill pipes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America drill pipe market will witness strong growth owing to rise in capital expenditure from independent players across the region. The market in Asia Pacific is expected to register for significant share in the target market over the forecast period, owing to stringent government regulation, flexible regulatory scenario, and rising shale-related exploration activity followed by Middle East & Africa.

Drill Pipe Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global drill pipes market report based on grade, end user, and region.

Drill Pipes Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the drill pipes market includes Superior Drill pipe Manufacturing Inc., Tenaris Company, Drill Pipe International LLC, DP Master Manufacturing Pvt Ltd., Shanghai Hilong Drill Pipe Co. Ltd., RK Pipe Corporation, TPS TECHNITUBE RÖHRENWERKE Pvt Ltd., and Interdril Asia Ltd.

• Superior Drillpipe Manufacturing Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Tenaris Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Drill Pipe International LLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• DP Master Manufacturing Pvt Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Shanghai Hilong Drill Pipe Co. Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• RK Pipe Corp.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• TPS Technique Rohrenwerke Pvt Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Interdril Asia Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies