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PUBLISHER: IMARC | PRODUCT CODE: 1541279
PUBLISHER: IMARC | PRODUCT CODE: 1541279
Drill Pipe Market Report by Type, Material, Grade, Application, Industry, and Region 2024-2032
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PAGES: 140 Pages
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The global drill pipe market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
A drill pipe is a thick-walled tube-shaped conduit made using alloy and other composite materials. It consists of threaded ends, which are known as tool joints. A drill pipe is primarily used to provide a connection between the surface equipment and bottom hole assembly for drilling purposes. It is also used for transferring fluid downwards toward the drill point or upwards using an annulus. A variety of drill pipes are available for directional drilling and providing a gradual transition from heavy drill collars to lightweight alternatives.
Continually increasing demand for oil and gas supply from industrial, transportation and residential sectors is the major factor driving the market growth. Furthermore, drill pipes play an important role in oil and gas explorations as they can withstand immense stress, heat and load during drilling and completion fluids operations. They also prevent operation failures that can lead to delays and loss of resources. Furthermore, in cases of well-drilling, drill pipes are used to cut through rocky layers on land and underwater. As the global oil explorations are transitioning toward challenging geographical areas, there is an increasing demand for advanced drill pipes. Additionally, the market is also driven by increased investments in offshore exploration and production activities conducted in both developed and emerging nations. Numerous product innovations, such as the introduction of drill pipes that can function in places with high pressure, temperatures, permafrost or with high concentrations of toxic substances like hydrogen sulfide (H2S), are further augmenting the growth of the market. This further includes the production of stronger tubular, higher-torque connections and metallurgical properties for enhanced robustness and longevity.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global drill pipe market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, material, grade, application and industry.
Breakup by Type:
Standard Drill Pipes
Heavy Weight Drill Pipes
Drill Collars
Breakup by Material:
Alloys
Composites
Breakup by Grade:
API Grade
Proprietary Grade
Breakup by Application:
Onshore
Offshore
Breakup by Industry:
Oil and Gas Industry
Mining Industry
Agriculture Industry
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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., etc.
Key Questions Answered in This Report:
- How has the global drill pipe market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global drill pipe market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global drill pipe market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A2149
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Drill Pipe Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Standard Drill Pipes
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Heavy Weight Drill Pipes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Drill Collars
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Material
- 7.1 Alloys
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Composites
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Grade
- 8.1 API Grade
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Proprietary Grade
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Onshore
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Offshore
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Industry
- 10.1 Oil and Gas Industry
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Mining Industry
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Agriculture Industry
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Others
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Price Indicators
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 DP Master
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Drill Pipe International LLC
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 Hilong Group
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 National Oilwell Varco
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Oil Country Tubular Limited
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 Premier Drill Products
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 RK Pipe & Supply LLC
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Superior Drilling Products Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.9 Tejas Tubular Products Inc.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Tenaris S.A.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Texas Steel Conversion Inc.
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.12 Vallourec S.A.
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.1 DP Master
Product Code: SR112024A2149
List of Figures
- Figure 1: Global: Drill Pipe Market: Major Drivers and Challenges
- Figure 2: Global: Drill Pipe Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Drill Pipe Market: Breakup by Type (in %), 2023
- Figure 4: Global: Drill Pipe Market: Breakup by Material (in %), 2023
- Figure 5: Global: Drill Pipe Market: Breakup by Grade (in %), 2023
- Figure 6: Global: Drill Pipe Market: Breakup by Application (in %), 2023
- Figure 7: Global: Drill Pipe Market: Breakup by Industry (in %), 2023
- Figure 8: Global: Drill Pipe Market: Breakup by Region (in %), 2023
- Figure 9: Global: Drill Pipe Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 10: Global: Drill Pipe (Standard Drill Pipes) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Drill Pipe (Standard Drill Pipes) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Drill Pipe (Heavy Weight Drill Pipes) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Drill Pipe (Heavy Weight Drill Pipes) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Drill Pipe (Drill Collars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Drill Pipe (Drill Collars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Drill Pipe (Alloys) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Drill Pipe (Alloys) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Drill Pipe (Composites) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Drill Pipe (Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Drill Pipe (API Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Drill Pipe (API Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Drill Pipe (Proprietary Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Drill Pipe (Proprietary Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Drill Pipe (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Drill Pipe (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Drill Pipe (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Drill Pipe (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Drill Pipe (Oil and Gas Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Drill Pipe (Oil and Gas Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Drill Pipe (Mining Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Drill Pipe (Mining Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Drill Pipe (Agriculture Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Drill Pipe (Agriculture Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Drill Pipe (Other Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Drill Pipe (Other Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: North America: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: North America: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: United States: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: United States: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Canada: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Canada: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Asia Pacific: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Asia Pacific: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: China: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: China: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Japan: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Japan: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: India: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: India: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: South Korea: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: South Korea: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Australia: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Australia: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Indonesia: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Indonesia: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Others: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Others: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Europe: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Europe: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Germany: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Germany: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: France: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: France: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: United Kingdom: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: United Kingdom: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Italy: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Italy: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Spain: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Spain: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Russia: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Russia: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Latin America: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Latin America: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Brazil: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Brazil: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Mexico: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Mexico: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Middle East and Africa: Drill Pipe Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Middle East and Africa: Drill Pipe Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Global: Drill Pipe Industry: SWOT Analysis
- Figure 85: Global: Drill Pipe Industry: Value Chain Analysis
- Figure 86: Global: Drill Pipe Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Drill Pipe Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Drill Pipe Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Drill Pipe Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 4: Global: Drill Pipe Market Forecast: Breakup by Grade (in Million US$), 2024-2032
- Table 5: Global: Drill Pipe Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 6: Global: Drill Pipe Market Forecast: Breakup by Industry (in Million US$), 2024-2032
- Table 7: Global: Drill Pipe Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: Drill Pipe Market: Competitive Structure
- Table 9: Global: Drill Pipe Market: Key Players
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