Press release
Five geographical trends driving global "Drill Pipe Market" over 2019-2025|Tenaris|Vallourec|Hilong Group |Holly Pipe Corporation
Drill Pipe Market
Key participants in the drill pipe industry include TMK Group, Drill Pipe International, Hilong Group of Companies, Texas Steel Conversion, Inc., Oil Country Tubular Limited, and others. The dramatic turmoil in crude oil prices has resulted in waning of exploration activities, which could challenge the market growth. Due to fluctuating cost trends in the oil & gas industry, the drill pipe market is likely to experience a slowdown in capital expenditure. Nevertheless, increasing energy demand from emerging economies such as Asia Pacific will present bounteous opportunities for the market growth.
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410 pages
866 market data tables
73 figures & charts
I. The Middle East is the biggest premium oil and gas market across the globe with 48% of world oil reserves and 43% of world gas reserves. Effective participation fromOman drill pipe market, is set to showcase significant growth prospects, backed by several large-scale contracts. Oman signed an agreement with Medco Energi of Indonesia of USD 660 million to develop 18 marginal fields in the southern Oman. Furthermore, escalating demand for oil and gas across the globe will fuel the Saudi Arabia drill pipe market share set to witness a growth rate of 3% from 2016-2025. Abu Dhabi is likely to increase its rig count over 100 to achieve the production rate of 3.5 million barrels per day.
II. Africa drill pipe market worth USD 195 million in 2015, is set to grow at a CAGR of 3.5% in the coming eight years. The region’s growth is backed by several commercial handshakes with respect to drilling of oil fields. In response to this fact, Indonesia’s Pertamina has received approval from the Algerian oil and gas regulator to develop oil & gas wells in the North African countries which will be thriving the regional landscape.
III. Rigorous investments in contracts and bidding for tenders is likely to generate lucrative growth for the Angola drill pipe industry. TOTAL is investing USD 16 billion to develop the ultra-deep offshore Kaombo project in Angola. This project is situated about 260 kilometers off Luanda, at a depth of 1400-1900 meters, with an expected daily production of 230,000 barrels as from 2017.
IV. Canada drill pipe market worth USD 130 million in 2015 is poised to register a y-o-y growth of 2.1% from 2016-2025. Moreover, rising shale gas exploration activities and increasing number of rig counts by 32 units to 449 rigs will complement the U.S. drill pipe industry.
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Drill Pipe Market, By Product
• API
• Premium
Drill Pipe Market, By Application
• Onshore
• Offshore
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Tejas Tubular Products
2. Vallourec
3. Premier Drill Products
4. DP-Master Manufacturing (S)
5. E&M Supply Group
6. Ferrostaal Piping Supply
7. TMK Group
8. Oil Country Tubular Limited
9. Drill Pipe International
10. Texas Steel Conversion
11. Hilong Group
12. Holly Pipe Corporation and RK Pipe & Supply.
Report Methodology
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
Definition and scope of research
Market dynamics, growth drivers and industry pitfalls
Regulatory and political guidelines for the industry
Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
Leadership figures such as CEOs, CSOs, VPs etc. in key companies
Supply-chain participants, distributors and domain experts
Key customers and B2B clients
Table of Content
TABLE 1 Drill pipe market 3600 synopsis, 2014 – 2024
TABLE 2 Global market, 2014 – 2017, (Volume & Revenue)
TABLE 3 Global market, 2018 – 2024, (Volume & Revenue)
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TABLE 865 Trinidad & Tobago market by application, 2014 – 2017, (USD Million)
TABLE 866 Trinidad & Tobago market by application, 2018 – 2024, (USD Million)
Continued…
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About Global Market Insights:
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Corporate Sales, USA
Global Market Insights, Inc.
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