Drill Pipes Market

Introduction of the Drill Pipes Market Report

Drill pipes are is thin-walled, hollow, steel or aluminium alloy piping used in drilling rigs. It is hollow pipe which allows fluid to transfer from one point to another which is available in variety of sizes, strengths, and wall thicknesses. It is seamless steel pipe used in the oil, water and gas fields which is subjected to various grades of loads and different environmental conditions. Drill pipes are manufactured by several manufacturing processes such as welding, joint, extrusion together massively applicable in drilling oil field.

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Market Dynamic

Key Drivers and Emerging Trends

Major driving factor for the growth of the drill pipes market includes rising demand in the oil & gas exploration activities, coupled with water and other natural resources extraction which requires a wide range of essential tools and equipment such as pipes, collars and among others. Drill pipes are one of important tool that necessary for any drilling projects around the globe. For instance, in Feb, 2019, the Alaska government authority has invested between USD 45-65 Billion for one of the world’s biggest natural gas developments Mega-project in the United States. The project includes 800 mile pipeline from the full LNG liquefaction plant, a storage and shipping terminal, and a gas treatment plant at Alaska United States.

Drill pipes are manufactured to transfer drilling torque to the entire length of the pipe, to resist pressure changes and to hold the entire weight of the deeper drilling components. Also, growing oil production and rising oil & gas exploration activities by the leading players is expected to strengthen the market growth. For instance, in May 2019, Shell has started production of deep-water oil and gas development at Appomattox, Virginia, United States at Shell’s largest floating platform.

Also, the demand for the drill pipes market is driving in the water exploration activities due to increasing water scarcity which requires drilling pipes market globally. For instance, globally more than 2 Billion people lives in countries with high water stress areas which created massive demand for the drill pipes market growth.

Restraining Factor for the Drill Pipes Market

Fluctuation in raw material prices require for manufacturing of the drill pipes and pipe subjected to corrosion and stress problem in the oil and gas field may hamper the drill pipe market growth.

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Grade – Segment Analysis

Based on the grade, API grade holds the largest share for the drill pipes market owing to rising approval for standard size specifications with several approved drill pipe grades such as E-75, G-105, and S-135 across several countries.

Application – Segment Analysis

Based on the application, onshore segment is expected to grow at the fastest rate in the global drill pipes market during the forecast period owing to its ability conduct drilling operations under the earth’s surface for several applications such as oil & gas, and water exploration with surge in government initiatives. For instance, in April, 2021, President Biden has released infrastructure plan with an investment of USD 111 Billion in water infrastructure. This will create massive demand for the drilling pipes in the United States for building water infrastructures.

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Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market share in the global drill pipes market in 2020 due to the rising oil and gas production activities due to surge in the automobile and transportation demand. For instance, according to the US Energy Information Administration in 2019, the annual average oil production reached 12.2 Million b/d in the United States whereas United State’s natural gas production reached 116.8 Bcf/d in 2019.

Top Market Players

Some of the leading players operating in the market National Oilwell Varco, International Drilling Services Ltd. (IDS), American Oilfield Tools, Inc., Tenaris Company, National Oilwell Varco, Hunting PLC, Schoeller-Bleckmann Oilfield Equipment AG, Vallourec, Inter Drill Asia Ltd., Texas Steel Conversion Inc. (TSC), RK Pipe LLC., among others.

Key Developments: 

• • In 2021, Reelwell has launched electrically powered open-platform wired drill pipe technology for commercial purpose. This Dual Link pipe technology is tested on a rig consists of a braided conductor with a pipe connector system, more than 800 wires, and transceivers.

Segments covered in the Report:

The global drill pipes market has been segmented on the basis of grade, application, and key regions. In terms of grade, the market is bifurcated into premium grade, and API grade. In terms of the application, the global drill pipes market is divided into onshore, and offshore. 

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Key questions answered in this research report:

• • At what pace is global drill pipes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in drill pipes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global drill pipes market?
  • Which type generated maximum revenues in 2020 and identifies the most promising type during the forecast period?
  • What are the various application areas of global drill pipes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	The National Oilwell Varco, International Drilling Services Ltd. (IDS), American Oilfield Tools, Inc., Tenaris Company, Hunting PLC, Schoeller-Bleckmann Oilfield Equipment AG, Vallourec, Inter Drill Asia Ltd., Texas Steel Conversion Inc. (TSC), RK Pipe LLC. among others; A total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Drill Pipes Market by Grade

• • Premium Grade
  • API Grade

Global Drill Pipes Market by Application

• • Offshore
  • Onshore

Global Drill Pipes Market by Region

• • North America Drill Pipes Market (Option 1: As a part of the free 25% customization)
    • North America Drill Pipes Market by Grade
    • North America Drill Pipes Market by Application
    • US Drill Pipes Market All-Up
    • Canada Drill Pipes Market All-Up
  • Europe Drill Pipes Market (Option 2: As a part of the free 25% customization)
    • Europe Drill Pipes Market by Grade
    • Europe Drill Pipes Market by Application
    • UK Drill Pipes Market All-Up
    • Germany Drill Pipes Market All-Up
    • France Drill Pipes Market All-Up
    • Spain Drill Pipes Market All-Up
    • Rest of Europe Drill Pipes Market All-Up
  • Asia-Pacific Drill Pipes Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Drill Pipes Market by Grade
    • Asia-Pacific Drill Pipes Market by Application
    • China Drill Pipes Market All-Up
    • India Drill Pipes Market All-Up
    • Japan Drill Pipes Market All-Up
    • Rest of APAC Drill Pipes Market All-Up
  • RoW Drill Pipes Market (Option 4: As a part of the free 25% customization)
    • RoW Drill Pipes Market by Grade
    • RoW Drill Pipes Market by Application
    • Brazil Drill Pipes Market All-Up
    • South Africa Drill Pipes Market All-Up
    • Saudi Arabia Drill Pipes Market All-Up
    • UAE Drill Pipes Market All-Up
    • Rest of world (remaining countries of the LAMEA region)Drill Pipes Market All-Up

Major Players Operating in the Drill Pipes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • China Vigor Drilling Oil Tools and Equipment Co. Ltd
  • International Drilling Services Ltd. (IDS)
  • American Oilfield Tools, Inc.
  • Workstrings International
  • National Oilwell Varco
  • Hunting PLC
  • Schoeller-Bleckmann Oilfield Equipment AG
  • Schlumberger Limited
  • Zhong Yuan Special Steel Co. Ltd
  • Texas Steel Conversion Inc. (TSC)