openPR Logo
Press release

Drill Pipe Market size worth $2.3bn by 2025

11-07-2016 03:06 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Drill Pipe Market size is expected to reach USD 2.3 billion by 2025, according to a new research report by Global Market Insights, Inc.

Increasing conventional and unconventional resources drilling coupled with rising number of rig count will drive global drill pipe market size. Premium grade is expected to witness significant growth in future owing to its application in offshore exploration and production. These pipes can withstand under high temperature and pressure conditions. API grade drill pipes market is likely to grow over CAGR of 2.5% owing to its cost effectiveness.

Request for a sample of this research report @
http://bit.ly/2fqT2S0

Offshore drill pipe market share was valued at over USD 890 million in 2015 and is predicted to grow at a CAGR of 3.2%. Increasing offshore drilling will further compliment industry demand. Offshore exploration and production projects are continuously running in Myanmar. In April 2016, Total launched 2D seismic survey in Yetagun West Block.

Gazprom is planning to produce over 1.1 billion cubic meter of natural gas from Kirinskoye field in Russia and China national offshore oil corporation has started oil production from Pearl river mouth basin in South China sea.

Ongoing onshore exploration and production will favor drill pipe market size growth during 2015 to 2025 period. DEA is planning to spend over USD 1 billion to develop Davlin natural gas field of Norway, predicted to produce approx. 18 billion cubic meter of natural gas by 2020.


Browse key industry insights spread across 124 pages with 399 market data tables & 10 figures & charts from the report, “Drill Pipe Market Size By Grade (API, Premium), By End Use (Onshore, Offshore), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Norway, UK, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, India, ASEAN, Oman, Saudi Arabia, UAE, Qatar, Angola, Nigeria, Algeria, Brazil, Argentina, Venezuela), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025” in detail along with the table of contents:
http://bit.ly/2edDVui

Key insights from the report include:
Increasing shale gas exploration and production will favor the growth of the U.S. drill pipe market size over forecast time frame. Canada was valued at over USD 130 million in 2015 and is expected to grow over a CAGR of 2.1% in the near terms
Global offshore segment was valued at over USD 892 million in 2015. Oman entered into contract with Medco Energi of Indonesia of USD 600 million to continuously develop 18 small and marginal field in southern Oman.
Kazakhstan was valued at over USD 35 million in 2015 and is expected to grow over a CAGR of 3.5 % during the forecast time. UAE drill pipe market size is likely to be worth over USD 37 million by 2025 owing to high investment in mature field to increase crude oil production capacity.
Saudi Arabia drill pipe is expected to expand at a CAGR of over 3% up to 2025. Emerging demand for oil & gas and increasing rig count may propel the industry growth.
Presence of reserve will favor the growth of Angola drill pipe market share in future. In June 2016, Sonangol, State oil giant announced that Kwanza basin holds 813 million barrel of oil equivalent which may favor the growth of this industry.
Major players in the industry are Tenaris S. A, Drill Pipe International, Oil Country Tubular Limited, Superior Manufacturing, Hilong Group of Companies, TMK Group, DP Master, Vallourec S.A., Texas Steel Conversion, Inc., Tejas Tubular Products, Inc., Jiangyin Long Bright, National Oilwell Varco.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Drill Pipe Market size worth $2.3bn by 2025 here

News-ID: 379389 • Views: 417

More Releases from Global Market Insights, Inc.

Robotic Prosthesis Market Dynamics, Forecast, Analysis and Supply Demand 2019-20 …
Robotic prosthesis market size is expected to grow significantly from 2019 to 2025. Robotic prosthesis market is primarily driven by growing demand for prosthetic implants owing to due to rise in number of accidents, severe injuries, tumors as well as congenital anomalies. Growing investments in R&D to integrate intelligent mechatronics, advanced sensing and control for attaining higher order lost sensorimotor functions, have enabled introduction of advanced technology within the devices
Anal Fistula Surgical Treatment Market Growth, Opportunities, Industry Applicati …
Anal fistula surgical treatment size is expected to grow significantly from 2019 to 2025. The anal fistula surgical treatment market is projected to witness lucrative growth over the coming years due to the increasing prevalence of inflammatory bowel diseases. Inflammatory bowel disease (IBD) is a chronic inflammatory disorder of the gastrointestinal (GI) tract that includes both ulcerative colitis and crohn disease. Some of the symptoms of inflammatory bowel diseases are
Healthcare Fabrics Market Outlook 2019 - Growth Drivers, Opportunities and Forec …
Healthcare fabrics market size is expected to grow significantly from 2019 to 2025. The healthcare fabrics market is estimated to witness lucrative growth over the coming years owing to increasing consumer awareness regarding the usage of hygiene products along with the improved quality of healthcare fabrics. The fabrics play a vital role in the healthcare textile industry as they are used in various medical applications. With the changing lifestyle, personal
Veterinary Equipment and Disposables Market Growth, Opportunities, Industry Appl …
Veterinary Equipment and Disposables Market size is projected to experience significant growth from 2019 to 2025. The veterinary equipment and disposables market is estimated to witness considerable growth over the forth coming years. These equipments and disposables are intended for diagnosis, monitoring and treatment of various health conditions associated with animals. High growth is attributable to increasing prevalence of zoonotic diseases coupled with rising trend of pet adoption in both

All 5 Releases


More Releases for USD

Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Metabolomics Market USD 1.24 Billion by 2020
The global metabolomics market is estimated to reach USD 1.24 Billion in 2020, growing at a CAGR of 15.6% from 2016 to 2020, according to a market research report Metabolomics Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Metabolomics Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/metabolomics-market/ Metabolomics is the scientific study of chemical processes involving metabolites, whereas metabolome represents the collection of all metabolites in a biological cell, tissue, organ or organism, which
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/albumin-market/ The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of