The Asia Pacific Drill Pipe Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
The demand for drill pipes is expected to increase as horizontal directional drilling (HDD) becomes more and more popular for drilling small-sized rigs, pipeline installation, utilities, and other uses. The need for environmental friendly drilling methods, such as HDD, is growing as environmental rules receive more attention. Additionally, it is projected that an increase in expenditures on new drilling and exploration operations would boost the usage of drill pipes significantly.
An increase in fossil fuel demand as a result of population growth and government policies that support raising oil production in a number of nations is pushing for more oil exploration. This has a positive impact on the expansion of the oil processing industries. The demand for innovative drill pipes is rising as worldwide oil exploration shifts to difficult geographic regions. The increasing energy demand and petroleum products are propelling the development of the drill pipe market.
In this region, China is a major oil and gas producer, and can solely cater to its energy needs. Most nations in this region, though, are dependent on imports to quench their energy needs. Due to the significant percentage of extremely energy-intensive businesses in Korea, the country's energy intensity is seen as being relatively high. As a result of Korea's insufficient natural energy resources, it is dependent on imported energy product sources to meet almost 95% of its needs for fossil fuel energy, maintaining its position as one of the world's major LNG importers.
The China market dominated the Asia Pacific Drill Pipe Market by Country in 2021; thereby, achieving a market value of $149.2 million by 2028. The Japan market is anticipated to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 6.6% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Drill Pipe Market is Projected to reach USD 1.8 Billion by 2028, at a CAGR of 5.5%
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
By Application
By Grade
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Drill Pipe Market, by Type
1.4.2 Asia Pacific Drill Pipe Market, by Application
1.4.3 Asia Pacific Drill Pipe Market, by Grade
1.4.4 Asia Pacific 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. Asia Pacific Drill Pipe Market by Type
4.1 Asia Pacific Standard Market by Country
4.2 Asia Pacific Heavy Weight Market by Country
Chapter 5. Asia Pacific Drill Pipe Market by Application
5.1 Asia Pacific Onshore Market by Country
5.2 Asia Pacific Offshore Market by Country
Chapter 6. Asia Pacific Drill Pipe Market by Grade
6.1 Asia Pacific API Market by Country
6.2 Asia Pacific Premium Market by Country
Chapter 7. Asia Pacific Drill Pipe Market by Country
7.1 China Drill Pipe Market
7.1.1 China Drill Pipe Market by Type
7.1.2 China Drill Pipe Market by Application
7.1.3 China Drill Pipe Market by Grade
7.2 Japan Drill Pipe Market
7.2.1 Japan Drill Pipe Market by Type
7.2.2 Japan Drill Pipe Market by Application
7.2.3 Japan Drill Pipe Market by Grade
7.3 India Drill Pipe Market
7.3.1 India Drill Pipe Market by Type
7.3.2 India Drill Pipe Market by Application
7.3.3 India Drill Pipe Market by Grade
7.4 South Korea Drill Pipe Market
7.4.1 South Korea Drill Pipe Market by Type
7.4.2 South Korea Drill Pipe Market by Application
7.4.3 South Korea Drill Pipe Market by Grade
7.5 Singapore Drill Pipe Market
7.5.1 Singapore Drill Pipe Market by Type
7.5.2 Singapore Drill Pipe Market by Application
7.5.3 Singapore Drill Pipe Market by Grade
7.6 Malaysia Drill Pipe Market
7.6.1 Malaysia Drill Pipe Market by Type
7.6.2 Malaysia Drill Pipe Market by Application
7.6.3 Malaysia Drill Pipe Market by Grade
7.7 Rest of Asia Pacific Drill Pipe Market
7.7.1 Rest of Asia Pacific Drill Pipe Market by Type
7.7.2 Rest of Asia Pacific Drill Pipe Market by Application
7.7.3 Rest of Asia Pacific 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
TABLE 1 Asia Pacific Drill Pipe Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Drill Pipe Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Standard Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Standard Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Heavy Weight Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Heavy Weight Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Onshore Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Onshore Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Offshore Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Offshore Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 17 Asia Pacific API Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific API Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Premium Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Premium Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Drill Pipe Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Drill Pipe Market by Country, 2022 - 2028, USD Million
TABLE 23 China Drill Pipe Market, 2018 - 2021, USD Million
TABLE 24 China Drill Pipe Market, 2022 - 2028, USD Million
TABLE 25 China Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 26 China Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 27 China Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 28 China Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 29 China Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 30 China Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 31 Japan Drill Pipe Market, 2018 - 2021, USD Million
TABLE 32 Japan Drill Pipe Market, 2022 - 2028, USD Million
TABLE 33 Japan Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 34 Japan Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 35 Japan Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 36 Japan Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 37 Japan Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 38 Japan Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 39 India Drill Pipe Market, 2018 - 2021, USD Million
TABLE 40 India Drill Pipe Market, 2022 - 2028, USD Million
TABLE 41 India Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 42 India Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 43 India Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 44 India Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 45 India Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 46 India Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 47 South Korea Drill Pipe Market, 2018 - 2021, USD Million
TABLE 48 South Korea Drill Pipe Market, 2022 - 2028, USD Million
TABLE 49 South Korea Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 50 South Korea Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 51 South Korea Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 52 South Korea Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 53 South Korea Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 54 South Korea Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 55 Singapore Drill Pipe Market, 2018 - 2021, USD Million
TABLE 56 Singapore Drill Pipe Market, 2022 - 2028, USD Million
TABLE 57 Singapore Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 58 Singapore Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 59 Singapore Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 60 Singapore Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 61 Singapore Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 62 Singapore Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 63 Malaysia Drill Pipe Market, 2018 - 2021, USD Million
TABLE 64 Malaysia Drill Pipe Market, 2022 - 2028, USD Million
TABLE 65 Malaysia Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 66 Malaysia Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 67 Malaysia Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 68 Malaysia Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 69 Malaysia Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 70 Malaysia Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 71 Rest of Asia Pacific Drill Pipe Market, 2018 - 2021, USD Million
TABLE 72 Rest of Asia Pacific Drill Pipe Market, 2022 - 2028, USD Million
TABLE 73 Rest of Asia Pacific Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 74 Rest of Asia Pacific Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 79 Key Information – Hilong Group of Companies
TABLE 80 Key Information – Drill Pipes International LLC ( Jindal Saw Ltd.)
TABLE 81 Key Information – NOV Inc.
TABLE 82 Key Information – Oil Country Tubular Ltd.
TABLE 83 Key Information – PetroMaterials Corporation
TABLE 84 Key Information – Tejas Tubular Products, Inc.
TABLE 85 Key Information – Tenaris S.A.
TABLE 86 Key Information – Texas Steel Conversion, Inc.
TABLE 87 Key Information – PAO TMK
TABLE 88 Key Information – WEATHEROCK GROUP HOLDING LIMITED
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Tenaris S.A.