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Drill Pipe Market Report 2023: Size, Share, Growth, Trends, Regions, Type And Application, Forecast To 2032
Drill Pipe Market
Drill Pipe Market Size, Growth Rate, And Forecast
The global drill pipe market size is expected to grow from $1.34 billion in 2022 to $1.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global drill pipe market size is expected to reach $1.77 billion in 2027 at a CAGR of 5.5%.
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Drill Pipe Market Drivers
The increasing rig drilling operations are expected to propel the growth of the drill pipe market going forward. A drilling rig is an integrated system that penetrates the subsurface of the ground to create wells, such as water or oil wells, or holes for piling and other building needs. Drill pipe is a type of pipeline used on drilling rigs that is hollow, thin-walled, and made of steel or an aluminum alloy.
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Drill Pipe Market Segments
1) By Type: Standard Drill Pipes, Heavy Weight Drill Pipes, Drill Collars
2) By Material: Alloys, Composites, Other Materials
3) By Application: Offshore, Onshore
4) By Industry: Oil And Gas Industry, Mining Industry, Agriculture Industry, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Drill Pipe Market.
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Drill Pipe Market Key Players
Major competitors in the Drill Pipe Market include Hilong Group of Companies Ltd., Oil Country Tubular Ltd, Texas Steel Conversion Inc., Drill Pipe International LLC, NOV Inc, PetroMaterials Corporation, Tejas Tubular Products Inc, Tenaris S.A, TMK Steel Limited, Weatherrock Group Holding Limited, DP-Master Manufacturing Ltd, RK Pipe & Supply LLC, Jindal Saw Ltd, Alcoa Oil & Gas Inc, RTI Energy Systems Inc, Interdrill Limited, Hunting PLC, International Drilling Services Ltd (IDS), Workstrings International, Challenger International Inc, and Premier Drill Products LLC
The Business Research Company's "Global Drill Pipe Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Drill Pipe Market Include:
1. Executive Summary
2. Drill Pipe Market Characteristics
3. Drill Pipe Market Trends And Strategies
4. Drill Pipe Market - Macro Economic Scenario
5. Drill Pipe Market Size And Growth
.......
26. Africa Drill Pipe Market
27. Drill Pipe Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drill Pipe Market
29. Drill Pipe Market Future Outlook and Potential Analysis
30. Appendix
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