Lucintel Forecasts Drill Pipe Market to Grow at a CAGR of 3%-5%

According to the recent study the drill pipe market is projected to grow at a CAGR of 3%-5% from 2020 to 2025. Growth in this market is primarily driven by increasing offshore exploration & production activities within countries, such as Norway, Angola, and the US, and growing investments for the development of offshore oilfields. 

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in drill pipe market  by application (onshore and offshore), grade (American petroleum institute (API) grade and premium grade), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/drill-pipe-market.aspx

“American petroleum institute (API) market is expected to remain the largest segment during the forecast period.”     

Based on grade, the drill pipe market is segmented into American petroleum institute (API) grade and premium grade). Lucintel forecasts that the American petroleum institute (API) market is expected to remain the largest segment during the forecast period as this grade has standardization of finished products along with relatively low prices.

“Within the drill pipe market, the food segment is expected to remain the largest application.”  

Based on application, the onshore segment is expected to witness the largest segment over the forecast period due to a high rate of rig activities and lower risk than offshore drilling.

“North America will dominate the drill pipe market in near future.”

North America is expected to be the largest region over the forecast period due to large investments by major energy & power companies in both conventional and unconventional fields in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/drill-pipe-market.aspx

Major players of drill pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. National Oilwell Varco, Hilong, Vallourec, and Tenaris are among the major drill pipe providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/drill-pipe-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

                                                                                                             
Related reports

Prefabricated Housing Market:

For more details click here https://www.lucintel.com/prefabricated-housing-market.aspx

 

Dry Construction Market:

For more details click here https://www.lucintel.com/dry-construction-market.aspx

 

Aluminum Composite Panel Market:

For more details click here https://www.lucintel.com/aluminum-composite-panel-market.aspx

 

High Purity Quartz Market:

For more details click here https://www.lucintel.com/high-purity-quartz-market.aspx

 

Pipeline Pigging Service Market:

For more details click here https://www.lucintel.com/pipeline-pigging-service-market.aspx

 

North American Cross Arm Utility Pole Market:

For more details click here https://www.lucintel.com/north-american-cross-arm-utility-pole-market.aspx

 

TPO Roofing Membrane:  

For more details click here https://www.lucintel.com/tpo-roofing-membrane-market.aspx

 

Pipeline & Process Service Market:

For more details click here https://www.lucintel.com/pipeline-aand-process-service-market.aspx

 

Global Construction Market:

For more details click here https://www.lucintel.com/construction-industry.aspx

 

Decorative Concrete Market:

For more details click here https://www.lucintel.com/decorative-concrete-market.aspx