LONDON, Dec. 22, 2014 /PRNewswire/ -- This report
estimates the drill pipe market in terms of value and volume. The
value of this market is estimated in terms of $million and the
volume is estimated in terms of thousand short tons. It has been
further broken down into geographical regions and is further split
on the basis of application and grade.
Drill pipes are required for drilling activities in order to
transmit the torque generated by the rotary table to the drill bit,
and also to provide a conduit for the drilling fluids to travel
between the surface and the bottom hole. The increasing shale gas
exploration and production activities along with deepwater and
ultra-deepwater drilling across the globe are the key drivers for
the growth of the drill pipe market. With the growing energy demand
and proven domestic oil & gas reserves, many countries are now
increasing their exploration & production activities.
Collectively, these developments will result in the market
witnessing a higher growth rate in the demand for drill pipes.
The drill pipe market is segmented in six regions, namely
North America, Europe, Latin
America, Middle East,
Asia-Pacific, and Africa. The drill pipe market is further
segmented on the basis of major countries in each region.
North America had the largest
share in the global drill pipe market in 2013. In North America, U.S. is the largest market
which will continue to influence the drill pipe industry. Within
Europe, Russia is the leading player due to
exploration and production activities in abundant oil & gas
reserves. Mexico is the largest
market for drill pipe in Latin
America due to the large oil& gas resources. Within
Asia-Pacific, the largest market
share is occupied by China due to
the recent developments in the shale gas production.
The report also touches on various other important aspects of the
market. It includes an analysis of the value chain, the competitive
landscape of the drill pipe market, along with drivers, restraints,
and opportunities.
We have also profiled the leading players of this industry with
their recent developments and other strategic industry activities.
These include DP Master (China),
Hilong Group (China), Jiangyin
Long-Bright Drill Pipe Manufacture Co. Ltd. (China), National Oilwell Varco (U.S.), Oil
Country Tubular Ltd. (India),
Tejas Tubular (U.S.), Tenaris (Luxembourg), Texas Steel Conversion, Inc.
(U.S.), TMK Group (Russia),
Vallourec (France).
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