The North America Drill Pipe Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Rising investments for offshore production and exploration activities carried out in both developing and developed countries are raising the production of drill pipes. The innovation in drill pipes is being guided by the requirement of intricate products, like the development of drill pipes that can operate in environments with high pressure, high temperatures, permafrost, or high concentrations of poisonous compounds like hydrogen sulfide. Additionally, this involves the development of stronger tubular connections with higher torque as well as metallurgical qualities for increased robustness and longevity.
The amount of oilfield and hydrocarbon exploration has increased as a result of recent advancements in drilling methods and technology. The creation of new production and exploration sites boosts the demand for drill pipes, fueling market expansion. Moreover, objectives like lower emissions of carbon during drilling and extraction processes are promoting newer drilling methods. Several oil-producing companies have already set a target of producing net zero carbon emissions during operations in order to battle worries about global warming and climate change.
Significant demand for drill pipes exists in North America as a result of recent shale gas drilling across the continent. The demand for drill pipes in the area is being further complemented by increased exploration efforts in the Gulf of Mexico. The offshore oil output and offshore rig count in the United States increased dramatically as a result of increasing oil prices and falling drilling costs. This indicates expanding offshore oil exploration, which is considered to be a key factor in the country's drill pipe industry.
The US market dominated the North America Drill Pipe Market by Country in 2021; thereby, achieving a market value of $449 million by 2028. The Canada market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 6.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Drill Pipe Market is Estimated 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
By Application
By Grade
By Country
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Drill Pipe Market, by Type
1.4.2 North America Drill Pipe Market, by Application
1.4.3 North America Drill Pipe Market, by Grade
1.4.4 North America Drill Pipe Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Drill Pipe Market
Chapter 4. North America Drill Pipe Market by Type
4.1 North America Standard Market by Country
4.2 North America Heavy Weight Market by Country
Chapter 5. North America Drill Pipe Market by Application
5.1 North America Onshore Market by Country
5.2 North America Offshore Market by Country
Chapter 6. North America Drill Pipe Market by Grade
6.1 North America API Market by Country
6.2 North America Premium Market by Country
Chapter 7. North America Drill Pipe Market by Country
7.1 US Drill Pipe Market
7.1.1 US Drill Pipe Market by Type
7.1.2 US Drill Pipe Market by Application
7.1.3 US Drill Pipe Market by Grade
7.2 Canada Drill Pipe Market
7.2.1 Canada Drill Pipe Market by Type
7.2.2 Canada Drill Pipe Market by Application
7.2.3 Canada Drill Pipe Market by Grade
7.3 Mexico Drill Pipe Market
7.3.1 Mexico Drill Pipe Market by Type
7.3.2 Mexico Drill Pipe Market by Application
7.3.3 Mexico Drill Pipe Market by Grade
7.4 Rest of North America Drill Pipe Market
7.4.1 Rest of North America Drill Pipe Market by Type
7.4.2 Rest of North America Drill Pipe Market by Application
7.4.3 Rest of North America Drill Pipe Market by Grade
Chapter 8. Company Profiles
8.1 Hilong Group of Companies
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.2 Drill Pipes International LLC ( Jindal Saw Ltd.)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Joint Venture:
8.3 NOV Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.4 Oil Country Tubular Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.5 PetroMaterials Corporation
8.5.1 Company Overview
8.6 Tejas Tubular Products, Inc.
8.6.1 Company Overview
8.7 Tenaris S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Joint Venture:
8.7.5.2 Acquisition and Mergers:
8.8 Texas Steel Conversion, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Acquisition and Mergers:
8.9 PAO TMK
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.10. Weatherock Group Holding Limited
8.10.1 Company Overview
TABLE 1 North America Drill Pipe Market, 2018 - 2021, USD Million
TABLE 2 North America Drill Pipe Market, 2022 - 2028, USD Million
TABLE 3 North America Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Standard Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Standard Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Heavy Weight Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Heavy Weight Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Onshore Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Onshore Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Offshore Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Offshore Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 16 North America Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 17 North America API Market by Country, 2018 - 2021, USD Million
TABLE 18 North America API Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Premium Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Premium Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Drill Pipe Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Drill Pipe Market by Country, 2022 - 2028, USD Million
TABLE 23 US Drill Pipe Market, 2018 - 2021, USD Million
TABLE 24 US Drill Pipe Market, 2022 - 2028, USD Million
TABLE 25 US Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 26 US Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 27 US Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 28 US Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 29 US Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 30 US Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 31 Canada Drill Pipe Market, 2018 - 2021, USD Million
TABLE 32 Canada Drill Pipe Market, 2022 - 2028, USD Million
TABLE 33 Canada Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 34 Canada Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 35 Canada Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 36 Canada Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 37 Canada Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 38 Canada Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 39 Mexico Drill Pipe Market, 2018 - 2021, USD Million
TABLE 40 Mexico Drill Pipe Market, 2022 - 2028, USD Million
TABLE 41 Mexico Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 42 Mexico Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 43 Mexico Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 44 Mexico Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 45 Mexico Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 46 Mexico Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 47 Rest of North America Drill Pipe Market, 2018 - 2021, USD Million
TABLE 48 Rest of North America Drill Pipe Market, 2022 - 2028, USD Million
TABLE 49 Rest of North America Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 50 Rest of North America Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 51 Rest of North America Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 52 Rest of North America Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 53 Rest of North America Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 54 Rest of North America Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 55 Key Information – Hilong Group of Companies
TABLE 56 Key Information – Drill Pipes International LLC ( Jindal Saw Ltd.)
TABLE 57 Key Information – NOV Inc.
TABLE 58 Key Information – Oil Country Tubular Ltd.
TABLE 59 Key Information – PetroMaterials Corporation
TABLE 60 Key Information – Tejas Tubular Products, Inc.
TABLE 61 Key Information – Tenaris S.A.
TABLE 62 Key Information – Texas Steel Conversion, Inc.
TABLE 63 Key Information – PAO TMK
TABLE 64 Key Information – WEATHEROCK GROUP HOLDING LIMITED
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Tenaris S.A.