Drill Pipe Market by Grade (API, Premium), Application (Onshore, Offshore), & Geography - Global Trends & Forecasts to 2019
This report estimates the drill pipe market in terms of value and volume. The value of this market is estimated in terms of $million and the volume is estimated in terms of thousand short tons. It has been further broken down into geographical regions and is further split on the basis of application and grade.
Drill pipes are required for drilling activities in order to transmit the torque generated by the rotary table to the drill bit, and also to provide a conduit for the drilling fluids to travel between the surface and the bottom hole. The increasing shale gas exploration and production activities along with deepwater and ultra-deepwater drilling across the globe are the key drivers for the growth of the drill pipe market. With the growing energy demand and proven domestic oil & gas reserves, many countries are now increasing their exploration & production activities. Collectively, these developments will result in the market witnessing a higher growth rate in the demand for drill pipes.
The drill pipe market is segmented in six regions, namely North America, Europe, Latin America, Middle East, Asia-Pacific, and Africa. The drill pipe market is further segmented on the basis of major countries in each region.
North America had the largest share in the global drill pipe market in 2013. In North America, U.S. is the largest market which will continue to influence the drill pipe industry. Within Europe, Russia is the leading player due to exploration and production activities in abundant oil & gas reserves. Mexico is the largest market for drill pipe in Latin America due to the large oil& gas resources. Within Asia-Pacific, the largest market share is occupied by China due to the recent developments in the shale gas production.
The report also touches on various other important aspects of the market. It includes an analysis of the value chain, the competitive landscape of the drill pipe market, along with drivers, restraints, and opportunities.
We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These include DP Master (China), Hilong Group (China), Jiangyin Long-Bright Drill Pipe Manufacture Co. Ltd. (China), National Oilwell Varco (U.S.), Oil Country Tubular Ltd. (India), Tejas Tubular (U.S.), Tenaris (Luxembourg), Texas Steel Conversion, Inc. (U.S.), TMK Group (Russia), Vallourec (France).