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Drill Pipe Market Pegged for Robust Expansion by 2027<br>
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©2019 Transparency Market Research, All Rights Reserved Drill Pipe Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Drill Pipe Market: Overview • The incessantly increasing demand for energy and the increasing demand for exploration of offshore reserves due to the declining production from onshore fields is leading to the utilizationof new drilling technologies. • The latest advances in drilling technologies such as pad drilling and horizontal drilling have amplified drilling efficiency and lessened drilling rig downtime which has enabled faster drilling operations. • This will translate into the increased demand for drilling equipment, which includes drill pipe. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Drill Pipe Market: Drivers and Restraints • The increasing offshore exploration and production activities within countries such as Norway, Angola, and the U.S. and increasing investments for the development of offshore oil fields are the majorfactorsdrivingthe globaldrillpipemarket. • The presence of large unconventional onshore resources in countries such as China, Canada, Argentina, and the U.S. is also bolsteringthe growth of the drillpipemarket. • However, the high operational cost of drilling procedures is challengingthe market’s growth. • Nevertheless, the increasing energy demand from the developing economies of Asia Pacific such as India and China will present ampleopportunitiesto the growth ofthe market.
©2019 Transparency Market Research, All Rights Reserved Global Drill Pipe Market, by Region • • • • North America Europe Asia Pacific Rest of the World ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Leading Companies in the Global Drill Pipe Market • • • • • • Bridgestone STR Holdings Inc. DuPont First Solar GmBH Dow Corning Corporation KURARAY EUROPE GMBH ©2019 Transparency Market Research, All Rights Reserved
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