The Europe Drill Pipe Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Critical service grades don't corrode in the presence of sweet gas or high carbon dioxide levels. They are utilized in applications including water injection as a more affordable alternative. A pin tool joint, a Box tool joint, and the tube are at least three independent components that are welded together to create a modern drill pipe.
The producer of drill pipes receives the green tubes from the steel factory. The tubes' ends are then disturbed to enhance their cross-sectional area. Internally upset (IU), externally upset (EU), or both internally and externally upset (IEU) tube ends are possible. Although API 5DP specifies the maximum upset dimensions, the manufacturer retains proprietary rights to the upset's precise proportions. The tube is disturbed and then put through a heat-treating procedure. High yield strengths are frequently achieved by quenching and tempering drill pipe steel.
The manufacturer also receives the tool joints as green tubes. The tool joints are split into box or female and pin or male threads after undergoing a quenching and temper heating treatment. Instead of the 135 ksi of the tube, tool joints are typically 120 ksi SMYS (Specified Minimum Yield Strength). Since they are typically stiffer than the drill tube, there are high chances of fatigue failure introduction at the junction.
By 2030, 25–50 billion cubic meters (bcm) of imported Russian gas might be replaced by an extra 15 million tons (mt) of renewable hydrogen in addition to the 5.6 mt anticipated in the Fit for 55. This would exceed the objectives of the EU's hydrogen plan and maximize domestic hydrogen production, consisting of an extra 10 million tons of imported hydrogen from diverse sources and an extra 5 million tons of hydrogen produced in Europe.
The Germany market dominated the Europe Drill Pipe Market by Country in 2021; thereby, achieving a market value of $116.9 million by 2028. The UK market is experiencing a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would witness a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Drill Pipe Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Drill Pipe Market, by Type
1.4.2 Europe Drill Pipe Market, by Application
1.4.3 Europe Drill Pipe Market, by Grade
1.4.4 Europe 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. Europe Drill Pipe Market by Type
4.1 Europe Standard Market by Country
4.2 Europe Heavy Weight Market by Country
Chapter 5. Europe Drill Pipe Market by Application
5.1 Europe Onshore Market by Country
5.2 Europe Offshore Market by Country
Chapter 6. Europe Drill Pipe Market by Grade
6.1 Europe API Market by Country
6.2 Europe Premium Market by Country
Chapter 7. Europe Drill Pipe Market by Country
7.1 Germany Drill Pipe Market
7.1.1 Germany Drill Pipe Market by Type
7.1.2 Germany Drill Pipe Market by Application
7.1.3 Germany Drill Pipe Market by Grade
7.2 UK Drill Pipe Market
7.2.1 UK Drill Pipe Market by Type
7.2.2 UK Drill Pipe Market by Application
7.2.3 UK Drill Pipe Market by Grade
7.3 France Drill Pipe Market
7.3.1 France Drill Pipe Market by Type
7.3.2 France Drill Pipe Market by Application
7.3.3 France Drill Pipe Market by Grade
7.4 Russia Drill Pipe Market
7.4.1 Russia Drill Pipe Market by Type
7.4.2 Russia Drill Pipe Market by Application
7.4.3 Russia Drill Pipe Market by Grade
7.5 Spain Drill Pipe Market
7.5.1 Spain Drill Pipe Market by Type
7.5.2 Spain Drill Pipe Market by Application
7.5.3 Spain Drill Pipe Market by Grade
7.6 Italy Drill Pipe Market
7.6.1 Italy Drill Pipe Market by Type
7.6.2 Italy Drill Pipe Market by Application
7.6.3 Italy Drill Pipe Market by Grade
7.7 Rest of Europe Drill Pipe Market
7.7.1 Rest of Europe Drill Pipe Market by Type
7.7.2 Rest of Europe Drill Pipe Market by Application
7.7.3 Rest of Europe 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 Europe Drill Pipe Market, 2018 - 2021, USD Million
TABLE 2 Europe Drill Pipe Market, 2022 - 2028, USD Million
TABLE 3 Europe Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 4 Europe Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 5 Europe Standard Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Standard Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Heavy Weight Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Heavy Weight Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 10 Europe Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 11 Europe Onshore Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Onshore Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Offshore Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Offshore Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 16 Europe Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 17 Europe API Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe API Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Premium Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Premium Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Drill Pipe Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Drill Pipe Market by Country, 2022 - 2028, USD Million
TABLE 23 Germany Drill Pipe Market, 2018 - 2021, USD Million
TABLE 24 Germany Drill Pipe Market, 2022 - 2028, USD Million
TABLE 25 Germany Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 26 Germany Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 27 Germany Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 28 Germany Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 29 Germany Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 30 Germany Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 31 UK Drill Pipe Market, 2018 - 2021, USD Million
TABLE 32 UK Drill Pipe Market, 2022 - 2028, USD Million
TABLE 33 UK Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 34 UK Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 35 UK Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 36 UK Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 37 UK Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 38 UK Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 39 France Drill Pipe Market, 2018 - 2021, USD Million
TABLE 40 France Drill Pipe Market, 2022 - 2028, USD Million
TABLE 41 France Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 42 France Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 43 France Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 44 France Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 45 France Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 46 France Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 47 Russia Drill Pipe Market, 2018 - 2021, USD Million
TABLE 48 Russia Drill Pipe Market, 2022 - 2028, USD Million
TABLE 49 Russia Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 50 Russia Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 51 Russia Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 52 Russia Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 53 Russia Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 54 Russia Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 55 Spain Drill Pipe Market, 2018 - 2021, USD Million
TABLE 56 Spain Drill Pipe Market, 2022 - 2028, USD Million
TABLE 57 Spain Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 58 Spain Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 59 Spain Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 60 Spain Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 61 Spain Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 62 Spain Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 63 Italy Drill Pipe Market, 2018 - 2021, USD Million
TABLE 64 Italy Drill Pipe Market, 2022 - 2028, USD Million
TABLE 65 Italy Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 66 Italy Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 67 Italy Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 68 Italy Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 69 Italy Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 70 Italy Drill Pipe Market by Grade, 2022 - 2028, USD Million
TABLE 71 Rest of Europe Drill Pipe Market, 2018 - 2021, USD Million
TABLE 72 Rest of Europe Drill Pipe Market, 2022 - 2028, USD Million
TABLE 73 Rest of Europe Drill Pipe Market by Type, 2018 - 2021, USD Million
TABLE 74 Rest of Europe Drill Pipe Market by Type, 2022 - 2028, USD Million
TABLE 75 Rest of Europe Drill Pipe Market by Application, 2018 - 2021, USD Million
TABLE 76 Rest of Europe Drill Pipe Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of Europe Drill Pipe Market by Grade, 2018 - 2021, USD Million
TABLE 78 Rest of Europe 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.