LAMEA Drill Pipe Market Size, Forecast & Share by 2028

LAMEA Drill Pipe Market Size, Share & Industry Trends Analysis Report By Type (Standard and Heavy Weight), By Application (Onshore and Offshore), By Grade (API and Premium), By Country and Growth Forecast, 2022 - 2028

Published Date: October-2022 | Number of Pages: 73 | Format: PDF | Report ID: KBV-20483

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Market Report Description

The Latin America, Middle East and Africa Drill Pipe Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).

The fatigue resistance is increased by the connection's lower SMYS. Steels with higher strengths tend to be more brittle and harder, which increases their susceptibility to breaking and the subsequent spread of stress cracks. Direct drive friction welding or rotary inertia welding are both used to attach tubes and tool parts. Direct drive friction welding produces a finer quality weld that would not necessarily require a full heat treat, quench, and temper regime because it is monitored and controlled up to 1000 times per second.

The drill pipe's various joints are referred to as Singles. The length of the singles is then used to further categorize them. The lengths will be categorized as one, two, or three because they are specifically recognized using a 3 part API length range. Range 2 is the most typical length for drill pipes. This is crucial because the length of the string must be precisely taken into account when determining the depth of drilling.

Comparable to the range of API length, the size, and composition of the drill pipe are also used to group them into API classes. The drill-pipe body, the tool joint, the yield strength, and the tensile strength are all measured by the API classes. Inspections are very crucial for used drill pipes since API classes are assigned based on them. These measurement ranges are provided by the use of a wide variety of equipment, including ultrasonic testing.

The emphasis on a sustainable future, wherein hydrogen would play a part, is shifting on the international market. Technologies and solutions that combine renewable energy and H2 generation with the current LNG facilities represent areas of potential growth in Qatar, where there is a sizable LNG supply chain. QatarEnergy (QE) started investigating the potential of ammonia and hydrogen as energy sources in 2020.

The Brazil market dominated the LAMEA Drill Pipe Market by Country in 2021; thereby, achieving a market value of $34.5 million by 2028. The Argentina market is exhibiting a CAGR of 8.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 7.9% during (2022 - 2028).

Based on Type, the market is segmented into Standard and Heavy Weight. Based on Application, the market is segmented into Onshore and Offshore. Based on Grade, the market is segmented into API and Premium. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Drill Pipe Market is Predict to reach $1.8 Billion by 2028, at a CAGR of 5.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hilong Group of Companies, Drill Pipes International LLC (Jindal Saw Ltd.). NOV, Inc., Oil Country Tubular Ltd., PetroMaterials Corporation, Tejas Tubular Products, Inc., Tenaris S.A., TEXAS STEEL CONVERSION, INC., PAO TMK and WEATHEROCK GROUP HOLDING LIMITED.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Standard
  • Heavy Weight

By Application

  • Onshore
  • Offshore

By Grade

  • API
  • Premium

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Hilong Group of Companies
  • Drill Pipes International LLC (Jindal Saw Ltd.)
  • NOV Inc.
  • Oil Country Tubular Ltd.
  • PetroMaterials Corporation
  • Tejas Tubular Products, Inc.
  • Tenaris S.A.
  • TEXAS STEEL CONVERSION, INC.
  • PAO TMK
  • WEATHEROCK GROUP HOLDING LIMITED

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Related Reports:

Global Drill Pipe Market Report 2022-2028

North America Drill Pipe Market Report 2022-2028

Asia Pacific Drill Pipe Market Report 2022-2028

Europe Drill Pipe Market Report 2022-2028

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