North America Drill Pipe Market Size, Share & Industry Trends Analysis Report By Type (Standard and Heavy Weight), By Application (Onshore and Offshore), By Grade (API and Premium), By Country and Growth Forecast, 2022 – 2028

North America Drill Pipe Market Size, Share & Industry Trends Analysis Report By Type (Standard and Heavy Weight), By Application (Onshore and Offshore), By Grade (API and Premium), By Country and Growth Forecast, 2022 – 2028

The North America Drill Pipe Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).

Rising investments for offshore production and exploration activities carried out in both developing and developed countries are raising the production of drill pipes. The innovation in drill pipes is being guided by the requirement of intricate products, like the development of drill pipes that can operate in environments with high pressure, high temperatures, permafrost, or high concentrations of poisonous compounds like hydrogen sulfide. Additionally, this involves the development of stronger tubular connections with higher torque as well as metallurgical qualities for increased robustness and longevity.

The amount of oilfield and hydrocarbon exploration has increased as a result of recent advancements in drilling methods and technology. The creation of new production and exploration sites boosts the demand for drill pipes, fueling market expansion. Moreover, objectives like lower emissions of carbon during drilling and extraction processes are promoting newer drilling methods. Several oil-producing companies have already set a target of producing net zero carbon emissions during operations in order to battle worries about global warming and climate change.

Significant demand for drill pipes exists in North America as a result of recent shale gas drilling across the continent. The demand for drill pipes in the area is being further complemented by increased exploration efforts in the Gulf of Mexico. The offshore oil output and offshore rig count in the United States increased dramatically as a result of increasing oil prices and falling drilling costs. This indicates expanding offshore oil exploration, which is considered to be a key factor in the country's drill pipe industry.

The US market dominated the North America Drill Pipe Market by Country in 2021; thereby, achieving a market value of $449 million by 2028. The Canada market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 6.4% during (2022 - 2028).

Based on Type, the market is segmented into Standard and Heavy Weight. Based on Application, the market is segmented into Onshore and Offshore. Based on Grade, the market is segmented into API and Premium. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hilong Group of Companies, Drill Pipes International LLC (Jindal Saw Ltd.). NOV, Inc., Oil Country Tubular Ltd., PetroMaterials Corporation, Tejas Tubular Products, Inc., Tenaris S.A., TEXAS STEEL CONVERSION, INC., PAO TMK and WEATHEROCK GROUP HOLDING LIMITED

Scope of the Study

Market Segments covered in the Report:

By Type

  • Standard
  • Heavy Weight
By Application
  • Onshore
  • Offshore
By Grade
  • API
  • Premium
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Hilong Group of Companies
  • Drill Pipes International LLC (Jindal Saw Ltd.)
  • NOV Inc.
  • Oil Country Tubular Ltd.
  • PetroMaterials Corporation
  • Tejas Tubular Products, Inc.
  • Tenaris S.A.
  • Texas Steel Conversion, Inc.
  • PAO TMK
  • WEATHEROCK Group Holding Limited
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Drill Pipe Market, by Type
1.4.2 North America Drill Pipe Market, by Application
1.4.3 North America Drill Pipe Market, by Grade
1.4.4 North America Drill Pipe Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Drill Pipe Market
Chapter 4. North America Drill Pipe Market by Type
4.1 North America Standard Market by Country
4.2 North America Heavy Weight Market by Country
Chapter 5. North America Drill Pipe Market by Application
5.1 North America Onshore Market by Country
5.2 North America Offshore Market by Country
Chapter 6. North America Drill Pipe Market by Grade
6.1 North America API Market by Country
6.2 North America Premium Market by Country
Chapter 7. North America Drill Pipe Market by Country
7.1 US Drill Pipe Market
7.1.1 US Drill Pipe Market by Type
7.1.2 US Drill Pipe Market by Application
7.1.3 US Drill Pipe Market by Grade
7.2 Canada Drill Pipe Market
7.2.1 Canada Drill Pipe Market by Type
7.2.2 Canada Drill Pipe Market by Application
7.2.3 Canada Drill Pipe Market by Grade
7.3 Mexico Drill Pipe Market
7.3.1 Mexico Drill Pipe Market by Type
7.3.2 Mexico Drill Pipe Market by Application
7.3.3 Mexico Drill Pipe Market by Grade
7.4 Rest of North America Drill Pipe Market
7.4.1 Rest of North America Drill Pipe Market by Type
7.4.2 Rest of North America Drill Pipe Market by Application
7.4.3 Rest of North America Drill Pipe Market by Grade
Chapter 8. Company Profiles
8.1 Hilong Group of Companies
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.2 Drill Pipes International LLC ( Jindal Saw Ltd.)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Joint Venture:
8.3 NOV Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.4 Oil Country Tubular Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.5 PetroMaterials Corporation
8.5.1 Company Overview
8.6 Tejas Tubular Products, Inc.
8.6.1 Company Overview
8.7 Tenaris S.A.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Joint Venture:
8.7.5.2 Acquisition and Mergers:
8.8 Texas Steel Conversion, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Acquisition and Mergers:
8.9 PAO TMK
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.10. Weatherock Group Holding Limited
8.10.1 Company Overview

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