Drill Pipe Market Analysis By Grade (API Grade, Premium Grade), By Application (Onshore, Offshore) And Segment Forecast To 2025

Published: Oct, 2016 | Pages: 90 | Publisher: Grand View Research
Industry: Utilities | Report Format: Electronic (PDF)

The global drill pipes market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. Increasing innovation regarding improving product strength is a major trend in the industry. Industry players are focused on developing new technologies and raw materials for better performance in all type of drilling conditions including onshore and offshore remote oil and gas fields.

However, the dip in the crude oil prices over the last two years has restricted the market growth. Rig rental capital is declining in the offshore market, and customers have significantly higher bargaining power in negotiating new contracts and extensions, leading to lower day rates and an oversupply of rigs.

API grade drill pipes held the largest share in global demand and are expected to continue their dominance over the forecast period. Standardization of the finished products along with the relatively low prices of this grade are anticipated to promote market penetration. Utilizing these products also ensure reduced operational cost to the E&P and operator companies.

API grade products are mostly preferred in normal environments and conventional basins owing to the easy availability and reduced OpEx to both E&P and contractor companies. Exploration in unconventional and harsh environmental conditions particularly in shale, CBM, and tight reserves are expected to steer premium grade drill pipes demand over the forecast period.

Further key findings from the report suggest:

Premium grade drill pipes are expected to account for over 25% of the revenue by 2025. The increasing use of premium grade in tight oil and gas formation is anticipated to drive the segment growth over the next eight years.

Onshore fields dominated the global drill pipe market with a net demand of over USD 580 million in 2015. Hike in E&P in shale and CBM fields particularly in the U.S., Canada, and China have been the key factors responsible for high market penetration.

The U.S. market demand in offshore basins exceeded a net value of USD 64 million in 2015 and is estimated to grow at a CAGR of 4.3% from 2016 to 2025

Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the flexible regulatory scenario in economies including India, China, Indonesia, and Singapore. The Indonesian drill pipe industry is anticipated to reach a net value exceeding USD 19 million by 2025.

The global market is dominated mostly by regional players. Some of the multinational players include Inter Drill Asia, TPS TECHNITUBE RoHRENWERKE, Vallourec, and National Oilwell Varco.

 Table of Contents

Chapter 1. Methodology and Scope
                     1.1. Research Methodology
                     1.2. Research Scope & Assumptions
                     1.3. List of Data Sources

Chapter 2. Executive Summary
                     2.1. Drill pipes - Industry Summary and Key Buying Criteria, 2014 - 2025

Chapter 3. Drill Pipes Industry Outlook
                     3.1. Drill pipe market segmentation
                     3.2. Drill pipe market size and growth prospects, 2014 - 2025
                     3.3. Drill pipe market - Value chain analysis
                     3.4. Regulatory framework
                     3.5. Recent developments
                          3.5.1. R&D initiatives
                          3.5.2. New grade development
                     3.6. Technology outlook
                     3.7. Production cost analysis
                     3.8. Key buyer trends
                     3.9. Drill pipe market dynamics
                          3.9.1. Market driver analysis
                          3.9.2. Market restraint analysis
                     3.10. Key market opportunities - Prioritized
                     3.11. Industry analysis - Porter's
                     3.12. Drill pipe market PESTEL analysis, 2015

Chapter 4. Drill Pipes Grade Outlook
                     4.1. Global drill pipe market share by grade, 2015 & 2025
                     4.2. Api Grade 
                          4.2.1. Market estimates and forecast, 2014-2025
                          4.2.2. Market estimates and forecast by region, 2014 - 2025 
                     4.3. Premium Grade
                          4.3.1. Market estimates and forecast, 2014 - 2025
                          4.3.2. Market estimates and forecast by region, 2014 - 2025 

Chapter 5. Drill Pipes Application Outlook
                     5.1. Global drill pipe market share by application, 2015 & 2025
                     5.2. Onshore
                          5.2.1. Market estimates and forecast, 2014-2025
                          5.2.2. Market estimates and forecast by region, 2014 - 2025 
                     5.3. Offshore
                          5.3.1. Market estimates and forecast, 2014-2025
                          5.3.2. Market estimates and forecast by region, 2014 - 2025 

Chapter 6. Drill Pipes Regional Outlook
                     6.1. Global drill pipe market share by region, 2015 & 2025
                     6.2. North America
                          6.2.1. Market estimates and forecast, 2014 - 2025
                          6.2.2. Market estimates and forecast by grade, 2014 - 2025 
                          6.2.3. Market estimates and forecast by application, 2014 - 2025
                          6.2.4. U.S.
                               6.2.4.1. Market estimates and forecast, 2014 - 2025
                               6.2.4.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.2.4.3. Market estimates and forecast by application, 2014 - 2025
                          6.2.5. Canada
                               6.2.5.1. Market estimates and forecast, 2014 - 2025
                               6.2.5.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.2.5.3. Market estimates and forecast by application, 2014 - 2025
                          6.2.6. Mexico
                               6.2.6.1. Market estimates and forecast, 2014 - 2025
                               6.2.6.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.2.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.3. Europe
                          6.3.1. Market estimates and forecast, 2014 - 2025
                          6.3.2. Market estimates and forecast by grade, 2014 - 2025
                          6.3.3. Market estimates and forecast by application, 2014 - 2025 
                          6.3.4. UK
                               6.3.4.1. Market estimates and forecast, 2014 - 2025
                               6.3.4.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.3.4.3. Market estimates and forecast by application, 2014 - 2025
                          6.3.5. Russia
                               6.3.5.1. Market estimates and forecast, 2014 - 2025
                               6.3.5.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.3.5.3. Market estimates and forecast by application, 2014 - 2025
                          6.3.6. Norway
                               6.3.6.1. Market estimates and forecast, 2014 - 2025
                               6.3.6.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.3.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.4. Asia Pacific
                          6.4.1. Market estimates and forecast, 2014 - 2025
                          6.4.2. Market estimates and forecast by grade, 2014 - 2025
                          6.4.3. Market estimates and forecast by application, 2014 - 2025 
                          6.4.4. China
                               6.4.4.1. Market estimates and forecast, 2014 - 2025
                               6.4.4.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.4.4.3. Market estimates and forecast by application, 2014 - 2025
                          6.4.5. India
                               6.4.5.1. Market estimates and forecast, 2014 - 2025
                               6.4.5.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.4.5.3. Market estimates and forecast by application, 2014 - 2025
                          6.4.6. Indonesia
                               6.4.6.1. Market estimates and forecast, 2014 - 2025
                               6.4.6.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.4.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.5. Central & South America
                          6.5.1. Market estimates and forecast, 2014 - 2025
                          6.5.2. Market estimates and forecast by grade, 2014 - 2025
                          6.5.3. Market estimates and forecast by application, 2014 - 2025 
                          6.5.4. Brazil
                               6.5.4.1. Market estimates and forecast, 2014 - 2025
                               6.5.4.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.5.4.3. Market estimates and forecast by application, 2014 - 2025
                          6.5.5. Argentina
                               6.5.5.1. Market estimates and forecast, 2014 - 2025
                               6.5.5.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.5.5.3. Market estimates and forecast by application, 2014 - 2025
                          6.5.6. Venezuela
                               6.5.6.1. Market estimates and forecast, 2014 - 2025
                               6.5.6.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.5.6.3. Market estimates and forecast by application, 2014 - 2025
                     6.6. Middle East
                          6.6.1. Market estimates and forecast, 2014 - 2025
                          6.6.2. Market estimates and forecast by grade, 2014 - 2025
                          6.6.3. Market estimates and forecast by application, 2014 - 2025 
                          6.6.4. Saudi Arabia 
                               6.6.4.1. Market estimates and forecast, 2014 - 2025
                               6.6.4.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.6.4.3. Market estimates and forecast by application, 2014 - 2025
                          6.6.5. UAE
                               6.6.5.1. Market estimates and forecast, 2014 - 2025
                               6.6.5.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.6.5.3. Market estimates and forecast by application, 2014 - 2025
                          6.6.6. Qatar
                               6.6.6.1. Market estimates and forecast, 2014 - 2025
                               6.6.6.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.6.6.3. Market estimates and forecast by application, 2014 - 2025
                          6.6.7. Kuwait
                               6.6.7.1. Market estimates and forecast, 2014 - 2025
                               6.6.7.2. Market estimates and forecast by grade, 2014 - 2025 
                               6.6.7.3. Market estimates and forecast by application, 2014 - 2025
                     6.7. Africa
                          6.7.1. Market estimates and forecast, 2014 - 2025
                          6.7.2. Market estimates and forecast by grade, 2014 - 2025
                          6.7.3. Market estimates and forecast by application, 2014 - 2025 

Chapter 7. Competitive Landscape
                     7.1. Competitive heat map analysis 
                     7.2. Vendor landscape
                     7.3. Competitive environment

Chapter 8. Competitive Landscape
                     8.1. Hilong Group 
                          8.1.1. Company Overview
                          8.1.2. Financial Performance
                          8.1.3. Grade Benchmarking
                          8.1.4. Strategic Initiatives
                     8.2. National Oilwell Varco 
                          8.2.1. Company Overview
                          8.2.2. Financial Performance
                          8.2.3. Grade Benchmarking
                          8.2.4. Strategic Initiatives
                     8.3. Tenaris S.A. 
                          8.3.1. Company Overview
                          8.3.2. Financial Performance
                          8.3.3. Grade Benchmarking
                          8.3.4. Strategic Initiatives
                     8.4. Vallourec S.A. 
                          8.4.1. Company Overview
                          8.4.2. Financial Performance
                          8.4.3. Grade Benchmarking
                          8.4.4. Strategic Initiatives
                     8.5. TMK Group 
                          8.5.1. Company Overview
                          8.5.2. Financial Performance
                          8.5.3. Grade Benchmarking
                          8.5.4. Strategic Initiatives
                     8.6. Oil Country Tubular Limited 
                          8.6.1. Company Overview
                          8.6.2. Financial Performance
                          8.6.3. Grade Benchmarking
                          8.6.4. Strategic Initiatives
                     8.7. Tejas Tubular Grades Inc. 
                          8.7.1. Company Overview
                          8.7.2. Financial Performance
                          8.7.3. Grade Benchmarking
                          8.7.4. Strategic Initiatives
                     8.8. Texas Steel Conversion Inc. 
                          8.8.1. Company Overview
                          8.8.2. Financial Performance
                          8.8.3. Grade Benchmarking
                          8.8.4. Strategic Initiatives
                     8.9. DP Master 
                          8.9.1. Company Overview
                          8.9.2. Financial Performance
                          8.9.3. Grade Benchmarking
                          8.9.4. Strategic Initiatives
                     8.10. Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd. 
                          8.10.1. Company Overview
                          8.10.2. Financial Performance
                          8.10.3. Grade Benchmarking
                          8.10.4. Strategic Initiatives
                     8.11. Drill Pipe International LLC 
                          8.11.1. Company Overview
                          8.11.2. Financial Performance
                          8.11.3. Grade Benchmarking
                          8.11.4. Strategic Initiatives
                     8.12. Superior Drill Pipe Manufacturing, Inc.
                          8.12.1. Company Overview
                          8.12.2. Financial Performance
                          8.12.3. Grade Benchmarking
                          8.12.4. Strategic Initiatives

List of Tables

Table 1. Drill pipe - Key market driver analysis
Table 2. Drill pipe - Key market restraint analysis
Table 3. Global drill pipe demand by grade, 2014 - 2025 (USD Million)
Table 4. Api grade drill pipe market, 2014 - 2025 (USD Million)
Table 5. Api grade drill pipe market, by region 2014 - 2025 (USD Million)
Table 6. Premium grade drill pipe market, 2014 - 2025 (USD Million)
Table 7. Premium grade drill pipe market, by region 2014 - 2025 (USD Million)
Table 8. Global drill pipe demand by application, 2014 - 2025 (USD Million)
Table 9. Drill pipe demand in onshore applications, 2014 - 2025 (USD Million)
Table 10. Drill pipe demand in onshore applications, by region 2014 - 2025 (USD Million)
Table 11. Drill pipe demand in offshore applications, by region 2014 - 2025 (USD Million)
Table 12. North America drill pipe market, 2014 - 2025 (USD Million)
Table 13. North America drill pipe market, by grade 2014 - 2025 (USD Million)
Table 14. North America drill pipe market, by application 2014 - 2025 (USD Million)
Table 15. U.S. drill pipe market, 2014 - 2025 (USD Million)
Table 16. U.S. drill pipe market, by grade 2014 - 2025 (USD Million)
Table 17. U.S. drill pipe market, by application 2014 - 2025 (USD Million)
Table 18. Canada drill pipe market, 2014 - 2025 (USD Million)
Table 19. Canada drill pipe market, by grade 2014 - 2025 (USD Million)
Table 20. Canada drill pipe market, by application 2014 - 2025 (USD Million)
Table 21. Mexico drill pipe market, 2014 - 2025 (USD Million)
Table 22. Mexico drill pipe market, by grade 2014 - 2025 (USD Million)
Table 23. Mexico drill pipe market, by application 2014 - 2025 (USD Million) 
Table 24. Europe drill pipe market, 2014 - 2025 (USD Million)
Table 25. Europe drill pipe market, by grade 2014 - 2025 (USD Million)
Table 26. Europe drill pipe market, by application 2014 - 2025 (USD Million)
Table 27. UK drill pipe market, 2014 - 2025 (USD Million)
Table 28. UK drill pipe market, by grade 2014 - 2025 (USD Million)
Table 29. UK drill pipe market, by application 2014 - 2025 (USD Million)
Table 30. Russia drill pipe market, 2014 - 2025 (USD Million)
Table 31. Russia drill pipe market, by grade 2014 - 2025 (USD Million)
Table 32. Russia drill pipe market, by application 2014 - 2025 (USD Million)
Table 33. Norway drill pipe market, 2014 - 2025 (USD Million)
Table 34. Norway drill pipe market, by grade 2014 - 2025 (USD Million)
Table 35. Norway drill pipe market, by application 2014 - 2025 (USD Million)
Table 36. Asia Pacific drill pipe market, 2014 - 2025 (USD Million)
Table 37. Asia Pacific drill pipe market, by grade 2014 - 2025 (USD Million)
Table 38. Asia Pacific drill pipe market, by application 2014 - 2025 (USD Million)
Table 39. China drill pipe market, 2014 - 2025 (USD Million)
Table 40. China drill pipe market, by grade 2014 - 2025 (USD Million)
Table 41. China drill pipe market, by application 2014 - 2025 (USD Million)
Table 42. India drill pipe market, 2014 - 2025 (USD Million)
Table 43. India drill pipe market, by grade 2014 - 2025 (USD Million)
Table 44. India drill pipe market, by application 2014 - 2025 (USD Million)
Table 45. Indonesia drill pipe market, 2014 - 2025 (USD Million)
Table 46. Indonesia drill pipe market, by grade 2014 - 2025 (USD Million)
Table 47. Indonesia drill pipe market, by application 2014 - 2025 (USD Million)
Table 48. Central & South America drill pipe market, 2014 - 2025 (USD Million)
Table 49. Central & South America drill pipe market, by grade 2014 - 2025 (USD Million)
Table 50. Central & South America drill pipe market, by application 2014 - 2025 (USD Million)
Table 51. Brazil drill pipe market, 2014 - 2025 (USD Million)
Table 52. Brazil drill pipe market, by grade 2014 - 2025 (USD Million)
Table 53. Brazil drill pipe market, by application 2014 - 2025 (USD Million)
Table 54. Argentina drill pipe market, 2014 - 2025 (USD Million)
Table 55. Argentina drill pipe market, by grade 2014 - 2025 (USD Million)
Table 56. Argentina drill pipe market, by application 2014 - 2025 (USD Million)
Table 57. Venezuela drill pipe market, 2014 - 2025 (USD Million)
Table 58. Venezuela drill pipe market, by grade 2014 - 2025 (USD Million)
Table 59. Venezuela drill pipe market, by application 2014 - 2025 (USD Million)
Table 60. Middle East drill pipe market, 2014 - 2025 (USD Million)
Table 61. Middle East drill pipe market, by grade 2014 - 2025 (USD Million)
Table 62. Middle East drill pipe market, by application 2014 - 2025 (USD Million)
Table 63. Saudi Arabia drill pipe market, 2014 - 2025 (USD Million)
Table 64. Saudi Arabia drill pipe market, by grade 2014 - 2025 (USD Million)
Table 65. Saudi Arabia drill pipe market, by application 2014 - 2025 (USD Million)
Table 66. UAE drill pipe market, 2014 - 2025 (USD Million)
Table 67. UAE drill pipe market, by grade 2014 - 2025 (USD Million)
Table 68. UAE drill pipe market, by application 2014 - 2025 (USD Million)
Table 69. Qatar drill pipe market, 2014 - 2025 (USD Million)
Table 70. Qatar drill pipe market, by grade 2014 - 2025 (USD Million)
Table 71. Qatar drill pipe market, by application 2014 - 2025 (USD Million)
Table 72. Kuwait drill pipe market, 2014 - 2025 (USD Million)
Table 73. Kuwait drill pipe market, by grade 2014 - 2025 (USD Million)
Table 74. Kuwait drill pipe market, by application 2014 - 2025 (USD Million)
Table 75. Africa drill pipe market, 2014 - 2025 (USD Million)
Table 76. Africa drill pipe market, by grade 2014 - 2025 (USD Million)
Table 77. Africa drill pipe market, by application 2014 - 2025 (USD Million)