Drill Pipe Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The drill pipe market size is expected to reach USD 1,648.2 million in 2028, growing at a CAGR of 5% from 2022 to 2028. Drill pipe refers to a thick-walled hollow pipe, which is used to perform horizontal drilling to facilitate drilling in a wellbore. A single-length drill rod consists of a hollow tube that is usually long in height with an adequate wall thickness as well as tool joint connections at both ends. Drill rods are subjected to torsional stresses and fatigue at the time of drilling, so they are transparent in nature and are heat treated to comply with API specifications. Drill pipes are seamless steel pipes and are considered a component of the drill pipe string assembly. It consists of a threaded connection called the “tool joint”.

 

Company Profile

• 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

 

Market Segmentation

By Type

• Standard drill pipe
• Heavy weight drill pipe (HWDP)
• By Grade
• API
• Premium

By Application

• Offshore
• Onshore

 

Scope of the Report

The research study analyzes the Drill Pipe Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Drill Pipe Market Report

 

1. What was the Drill Pipe Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Drill Pipe Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Drill Pipe Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.