Global Drill Pipes Market is Estimated to Reach $2 Billion by 2025, Says Accurize Market Research
Global Drill Pipes Market report published by Accurize Market Research forecast that the global market is expected to reach $2 billion by 2025; growing at a CAGR of 2.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Improvements in drilling technology and increment in sophisticated technologies for the production of unconventional resources drive the market
Improvements in drilling technology and incrementin sophisticated technologies for the production of unconventional resourcesfuelthe demand for the global drill pipes market.Furthermore,presence of vast unconventional onshore resources in several countriesalso boosts the growth of the market.
The global drill pipesmarket has been bifurcated on the basis ofgrade, application and geography.By grade, the market is classified into premium grade, and API grade. Further, application segment is bifurcated into offshore, and onshore. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Oil Country Tubular Limited, Tejas Tubular Products, Inc., Texas Steel Conversion Inc.,HILONG GROUP OF COMPANIES, DP-Master Manufacturing (S) Pte Ltd., National Oilwell Varco, Tenaris, VALLOUREC, TMK Group, and DRILL PIPE INTERNATIONAL, LLC, among others.
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