Drill Pipe Market Size, Share, Trends, Industry Analysis Report: By Grade (API Grade and Premium Grade), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

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The drill pipe market size is expected to reach USD 3,401.58 million by 2034, according to a new study by Polaris Market Research. The report "Drill pipe market Size, Share, Trends, Industry Analysis Report: By Grade (API Grade and Premium Grade), Application, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

A drill pipe is a long, cylindrical metal pipe used to transmit drilling fluid and mechanical force between the surface equipment and the drill bit during oil and gas exploration or mining operations. The rising investment in energy infrastructure is driving the drill pipe market growth. Governments and private sectors are increasingly focusing on expanding energy production and ensuring a stable supply of power to meet growing global demand. This includes significant investments in oil, gas, and renewable energy projects, which require extensive drilling operations. Drill pipes are essential components in these operations. Large-scale energy infrastructure projects, such as the development of new oilfields, gas extraction sites, and renewable energy plants, require specialized drilling equipment such as drill pipes.

Pipeline installation for the transportation of oil, gas, and other resources also contributes to the rising demand for drill pipes. The continued development of these energy projects, particularly in challenging and remote locations, drives the need for high-quality and durable drill pipes that withstand extreme conditions such as deep drilling and high pressure. The increased focus on energy infrastructure globally, supported by both government and private investments, continues to propel demand for reliable drilling equipment, including drill pipes, thereby driving the drill pipe market expansion.

Energy security and self-sufficiency are expanding the drill pipe market demand. Many countries are prioritizing the development of domestic energy resources to reduce reliance on imports. This shift has resulted in a rise in exploration and drilling activities, particularly in untapped reserves such as deep-water fields and shale gas. The challenging conditions in these regions require durable and high-performance drill pipes to ensure efficient and safe operations. The growing investments in domestic energy development are fueling the demand for drill pipes, thus contributing to the market expansion.

Drill pipe market Report Highlights

In 2024, the onshore segment dominated the drill pipe market due to rising volume of drilling activity for mining and energy infrastructure.
The API grade segment is expected to witness the fastest growth during the forecast period due to their high quality, durability, and specificity for oil and gas operations.
In 2024, North America dominated the market due to the government investment in infrastructure, such as energy and oil and gas sectors.
Asia Pacific is expected to record a significant drill pipe market share in the forecast period due to rising mining activity in the region
The global key market players are Hilong Group; NOV; Tenaris S.A.; Vallourec S.A.; TMK Group; Oil Country Tubular; Tejas Tubular Grade; Texas Steel Conversion; DP Master; Jiangyin Long Bright Drill Pipe; Drill Pipe International; and Superior Drill Pipe.

Polaris market research has segmented drill pipe market report based on grade, application, and region:

By Grade (Revenue - USD Million, 2020-2034)

API Grade
Premium Grade

By Application (Revenue - USD Million, 2020-2034)

Onshore
Offshore

By Regional Outlook (Revenue - USD Million, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle & Africa

Product Code: PM3493

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Drill Pipes Market Insights

4.1. Drill Pipes Market - Market Snapshot
4.2. Drill Pipes Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Expenditure in Oil and Gas Exploration
  - 4.2.1.2. Growth of the Infrastructure Projects
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Investment
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Drill Pipes Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Drill Pipes Market, by Grade

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Drill Pipes Market, by Grade, 2020-2034 (USD Million)
5.3. API Grade
- 5.3.1. Global Drill Pipes Market, by API Grade, by Region, 2020-2034 (USD Million)
5.4. Premium Grade
- 5.4.1. Global Drill Pipes Market, by Premium Grade, by Region, 2020-2034 (USD Million)

6. Global Drill Pipes Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Drill Pipes Market, by Application, 2020-2034 (USD Million)
6.3. Onshore
- 6.3.1. Global Drill Pipes Market, by Onshore, by Region, 2020-2034 (USD Million)
6.4. Offshore
- 6.4.1. Global Drill Pipes Market, by Offshore, by Region, 2020-2034 (USD Million)

7. Global Drill Pipes Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Drill Pipes Market Assessment, By Geography, 2020-2034 (USD Million)
7.3. Drill Pipes Market - North America
- 7.3.1. North America: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
- 7.3.2. North America: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.3.3. Drill Pipes Market - U.S.
  - 7.3.3.1. U.S.: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.3.3.2. U.S.: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.3.4. Drill Pipes Market - Canada
  - 7.3.4.1. Canada: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.3.4.2. Canada: Drill Pipes Market, by Application, 2020-2034 (USD Million)
7.4. Drill Pipes Market - Europe
- 7.4.1. Europe: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
- 7.4.2. Europe: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.3. Drill Pipes Market - UK
  - 7.4.3.1. UK: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.3.2. UK: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.4. Drill Pipes Market - France
  - 7.4.4.1. France: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.4.2. France: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.5. Drill Pipes Market - Germany
  - 7.4.5.1. Germany: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.5.2. Germany: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.6. Drill Pipes Market - Italy
  - 7.4.6.1. Italy: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.6.2. Italy: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.7. Drill Pipes Market - Spain
  - 7.4.7.1. Spain: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.7.2. Spain: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.8. Drill Pipes Market - Netherlands
  - 7.4.8.1. Netherlands: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.8.2. Netherlands: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.9. Drill Pipes Market - Russia
  - 7.4.9.1. Russia: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.9.2. Russia: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.4.10. Drill Pipes Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.4.10.2. Rest of Europe: Drill Pipes Market, by Application, 2020-2034 (USD Million)
7.5. Drill Pipes Market - Asia Pacific
- 7.5.1. Asia Pacific: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
- 7.5.2. Asia Pacific: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.3. Drill Pipes Market - China
  - 7.5.3.1. China: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.3.2. China: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.4. Drill Pipes Market - India
  - 7.5.4.1. India: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.4.2. India: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.5. Drill Pipes Market - Malaysia
  - 7.5.5.1. Malaysia: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.5.2. Malaysia: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.6. Drill Pipes Market - Japan
  - 7.5.6.1. Japan: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.6.2. Japan: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.7. Drill Pipes Market - Indonesia
  - 7.5.7.1. Indonesia: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.7.2. Indonesia: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.8. Drill Pipes Market - South Korea
  - 7.5.8.1. South Korea: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.8.2. South Korea: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.9. Drill Pipes Market - Australia
  - 7.5.9.1. Australia: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.9.2. Australia: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.5.10. Drill Pipes Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.5.10.2. Rest of Asia Pacific: Drill Pipes Market, by Application, 2020-2034 (USD Million)
7.6. Drill Pipes Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
- 7.6.2. Middle East & Africa: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.6.3. Drill Pipes Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.6.3.2. Saudi Arabia: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.6.4. Drill Pipes Market - UAE
  - 7.6.4.1. UAE: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.6.4.2. UAE: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.6.5. Drill Pipes Market - Israel
  - 7.6.5.1. Israel: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.6.5.2. Israel: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.6.6. Drill Pipes Market - South Africa
  - 7.6.6.1. South Africa: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.6.6.2. South Africa: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.6.7. Drill Pipes Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.6.7.2. Rest of Middle East & Africa: Drill Pipes Market, by Application, 2020-2034 (USD Million)
7.7. Drill Pipes Market - Latin America
- 7.7.1. Latin America: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
- 7.7.2. Latin America: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.7.3. Drill Pipes Market - Mexico
  - 7.7.3.1. Mexico: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.7.3.2. Mexico: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.7.4. Drill Pipes Market - Brazil
  - 7.7.4.1. Brazil: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.7.4.2. Brazil: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.7.5. Drill Pipes Market - Argentina
  - 7.7.5.1. Argentina: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.7.5.2. Argentina: Drill Pipes Market, by Application, 2020-2034 (USD Million)
- 7.7.6. Drill Pipes Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Drill Pipes Market, by Grade, 2020-2034 (USD Million)
  - 7.7.6.2. Rest of Latin America: Drill Pipes Market, by Application, 2020-2034 (USD Million)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. DP Master
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Drill Pipe International
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Hilong Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Jiangyin Long Bright Drill Pipe
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. NOV
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Oil Country Tubular
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Superior Drill Pipe.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Tejas Tubular Grade.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Tenaris S.A.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Texas Steel Conversion
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. TMK Group
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Vallourec S.A.
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development