Global Drill Pipe Market

Drill Pipe Market Size, Share, Growth Analysis, By Grade(API Grade and Premium Grade), By Application(Onshore and Offshore), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55D2012 | Region: Global | Published Date: March, 2024
Pages: 182 |Tables: 59 |Figures: 74

Drill Pipe Market Insights

Global Drill Pipe Market size was valued at USD 2.41 billion in 2022 and is poised to grow from USD 2.50 billion in 2023 to USD 3.40 billion by 2031, growing at a CAGR of 3.9% during the forecast period (2024-2031). 

The global demand for oil and gas continues to rise, driving the need for increased exploration and production activities. Drill pipes are a crucial component in drilling operations, and the growing E&P activities worldwide create a demand for drill pipes. Significant oilfield expansions, particularly in North America and the Middle East, as well as improved drilling techniques with increased productivity, have been important factors driving industry growth in recent years. The drop in crude oil prices since mid-2020 has resulted in a significant reduction or cessation of drilling efforts, mostly in the United States, Saudi Arabia, the United Kingdom, and Canada. This has had a significant impact on the total operating profitability of the majority of E&P businesses operating globally.

The aforementioned issues have considerably impeded industry expansion during the last two years. Growth is also projected to be driven by the anticipated return of onshore activity, as well as E&P firms attempting to meet current energy demand. High production costs are likely to hinder the whole sector over the projection period. Regulatory authorities including the Fund for Wild Nature (FWN) have issued numerous directives concerning petroleum production. This is expected to slow the industry as a whole, reducing the market's expansion during the forecast period.

Growing environmental concerns over toxic fume emissions from exploration are also projected to stymie market development. New contracts in the equipment rental business have also fallen dramatically. However, by the end of 2016, it had recovered due to a revival in oil activities and projected stabilization of petroleum prices. The most recent discovery of fresh hydrocarbon reserves, particularly in the South China Sea, as well as in the nation of Pakistan, Israel, Australia, Senegal, & Egypt, is expected to generate profitable prospects for industry participants in the coming years. Increased investment in research and development by key vendors to optimize drill pipe production and improve overall material durability to satisfy API criteria is expected to underpin future demand.

Independent contractors increased their operations in the U.S. and Canada during the final quarter of 2021, leveraging stabilized WTI crude oil prices. The expected recovery in onshore activities, coupled with efforts by Exploration and Production (E&P) companies to meet current energy demands, is anticipated to drive growth. However, high production costs are foreseen as a potential hindrance to the overall market during the forecast period. Regulatory directives from entities like the Fund for Wild Nature (FWN) pertaining to petroleum production are likely to impact the industry negatively, impeding market growth. Concerns about environmental impact due to harmful emissions from exploration activities are also expected to impede market development. The equipment rental services sector experienced a significant downturn in new contracts, but it saw a resurgence by the close of 2016, aligning with the recovery in oilfield activities and the expected stabilization of petroleum prices. The discovery of new hydrocarbon reserves, particularly in regions like the South China Sea, Pakistan, Israel, Australia, Senegal, and Egypt in recent years, is poised to offer lucrative opportunities for industry participants in the near future. Key vendors are increasing their Research and Development (R&D) spending to optimize drill pipe production, enhance material strength, and meet API specifications, which is expected to contribute to future demand.

US Drill Pipe Market is poised to grow at sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 2.41 billion

Largest Segment

API Grade

Fastest Growth

API Grade

Growth Rate

3.9% CAGR

Global Drill Pipe Market ($ Mn)
Country Share for North America Region (%)
Global Drill Pipe Market By Grade ($ Mn)
Global Drill Pipe Market By Grade (%)

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Drill Pipe Market Segmental Analysis

The global drill pipe market is segmented on the basis of grade, application, and region. In terms of grade, the market is segmented into API grade and premium grade. Based on application, the market is segmented into onshore and offshore. Regionwise, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drill Pipe Market Analysis by Grade

The global industry has been further subdivided into API-grade & premium-grade drill pipes based on grades. In 2023, the API-grade drill pipe sector led the global industry, making up over 63.0% of total sales. The standardization of finished products, combined with the comparatively low pricing of API-grade drill pipes, is expected to boost the segment's market penetration. 

By utilizing these goods also means lower operational expenses for E&P and operator firms. API-grade products are commonly used in typical environments and conventional basins due to their ease of availability and low OpEx for both E&P and contractor businesses. Premium-grade drill pipe demand is likely to be driven by exploration in unusual and difficult environments, particularly in shale rock CBM, and tight reserves, over the forecast period.

Drill Pipe Market Analysis by Application

The onshore application sector dominated the industry, accounting for more than 60.0% of total revenue in 2023. Significant advancements in offshore basins, particularly in the Middle East, the nation of Venezuela, Nigeria, and the United States, have resulted in the segment's dominance in the global petroleum sector over the last decade. The high IRR, high pace of rig activity, low hazards as compared to drilling offshore, and extensive familiarity with the top operators in the sector have all contributed to the segment's market dominance. 

The petroleum industry saw an estimated 35% to 40% decrease in total rig count across all regional markets. The Golden Triangle, which covers the Gulf of Mexico, Brazil, & West Africa, as well as the South China Sea and the Persian Gulf, are likely to drive demand in the category over the projection period. The segment is expected to increase at the fastest rate throughout the forecast period.

Global Drill Pipe Market By Grade, 2023 (%)

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Drill Pipe Market Regional Insights

In 2023, the North America region led the global industry, accounting for more than 26.0% of total sales. The region is expected to grow at a moderate rate, maintaining its position during the projection period. Massive expenditures by major oil and gas companies in both conventional & unconventional areas have been the primary drivers of the region's first market penetration.

Asia Pacific is predicted to grow at a faster-than-average rate in the next few years. The anticipated increase in rig activity, as well as different new field developments, particularly offshore basins, are likely to drive market growth in the Asia Pacific region, notably in nations that include China, Indonesia, Australia, & India.

Global Drill Pipe Market By Region, 2024-2031
  • Largest
  • Fastest

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Drill Pipe Market Dynamics

Drill Pipe Market Drivers

Increasing Offshore Drilling Activities

  • Offshore drilling for oil and gas reserves is expanding globally, driven by the need to explore untapped offshore reserves. Offshore drilling operations require specialized drill pipes designed to withstand harsh marine environments. The growing offshore drilling activities, especially in deepwater and ultra-deepwater regions, are fueling the demand for drill pipes.

Rising Investments in Shale Gas Exploration

  • Shale gas exploration and production have witnessed significant growth in recent years, particularly in regions like the United States. The extraction of shale gas involves complex drilling processes, including horizontal drilling and hydraulic fracturing. These techniques require drill pipes capable of effectively accessing and extracting gas from shale formations, contributing to the demand for drill pipes.

Drill Pipe Market Restraints

Volatility in Oil and Gas Prices

  • The drill pipe market is heavily influenced by fluctuations in oil and gas prices. When oil and gas prices are low, exploration and production activities tend to decrease, leading to reduced demand for drill pipes. Market uncertainty caused by price volatility can affect the investments and profitability of drilling companies, impacting the demand for drill pipes.

Environmental Concerns and Regulations

  • Environmental concerns and stringent regulations related to drilling activities, particularly in sensitive regions, can act as a restraint on the drill pipe market. Increased scrutiny on the environmental impact of drilling operations, such as offshore drilling and hydraulic fracturing, may result in stricter regulations and operational limitations, affecting the overall demand for drill pipes.

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Drill Pipe Market Competitive Landscape

The industry is very competitive, with many global and regional competitors present. Established players are creating new products for drill pipe applications through R&D. Schlumberger and NOV Inc., for example, obtained a USD 117.8 million wired drill pipe deal from Equinor ASA.

Drill Pipe Market Top Player’s Company Profiles

  • Tenaris S.A.
  • TMK Group
  • DP Master Manufacturing Pvt. Ltd.
  • Jiangyin Long Bright Drill Pipe Manufacture Co., Ltd.
  • Hunting PLC
  • Superior Drillpipe Manufacturing, Inc.
  • TMK IPSCO
  • Weatherford International Ltd.
  • Dril-Quip, Inc.
  • Ferrostaal Piping Supply GmbH
  • Tejas Tubular Products, Inc.
  • RK Pipe & Supply, LLC
  • Texas Steel Conversion, Inc.
  • Rig Direct™ International, a division of NOV
  • Oil Country Tubular Limited (OCTL)
  • Jiangsu Shuguang Huayang Drilling Tool Co., Ltd.

Drill Pipe Market Recent Developments

  • In March 2024, Parker Wellbore and TDE have partnered to perform pilot projects and commercialise TDE’s proprietary tde powerline downhole power and data highway, to optimise the drilling process. 
  • In February 2024, Expro entered into a definitive agreement to acquire Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, from an investment group led by Buckthorn Partners. 
  • In October 2023, Oceaneering's Brazilian subsidiary, Marine Production Systems do Brasil, secured a five-year contract from the Brazilian oil company Petrobras for the operation of three existing drill pipe riser (“DPR”) systems to support intervention and completion operations in Brazil.   
  • In June 2023, Knight Energy Services acquired Platinum Pipe Rentals ("Platinum"). Headquartered in Odessa, Texas, Platinum specializes in drill pipe and tubing rentals, concentrating its operations in the Permian Basin and the Eagle Ford Shale. 
  • In February 2023, ROC Energy Acquisition Corp. and Drilling Tools International Holdings, Inc. performed a conclusive business merger agreement. The anticipated net cash proceeds from this transaction are expected to amount to around $217 million. This includes up to 209 million sourced from ROC's trust account, without any potential redemptions, and an extra 45 million from a mutual stock PIPE.

Drill Pipe Key Market Trends

  • Growing Demand for Unconventional Oil and Gas Resources: The increasing global demand for energy has led to the exploration and production of unconventional oil and gas resources, such as shale gas and tight oil. These resources require advanced drilling techniques, including horizontal drilling and hydraulic fracturing, which in turn drive the demand for high-quality drill pipes capable of withstanding the challenging drilling conditions associated with unconventional reservoirs.
  • Advancements in Drilling Technologies: Technological advancements in drilling techniques have significantly impacted the drill pipe market. Innovations such as automated drilling systems, directional drilling, and intelligent drilling technologies have improved drilling efficiency, reduced costs, and increased drilling speed. These advancements require drill pipes that can withstand higher torque, pressure, and harsh drilling environments, driving the demand for advanced drill pipe designs and materials.
  • Increasing Offshore Drilling Activities: Offshore drilling for oil and gas reserves continues to expand globally, particularly in deepwater and ultra-deepwater regions. Offshore drilling operations pose unique challenges due to harsh marine environments, high pressures, and corrosive conditions. This trend is driving the demand for drill pipes specifically designed for offshore applications, including enhanced corrosion resistance and fatigue strength.
  • Focus on Drilling Efficiency and Cost Optimization: With the volatile nature of the oil and gas industry, drilling companies are increasingly focused on improving drilling efficiency and optimizing costs. This includes the use of advanced drill pipe designs and materials that enhance drilling performance, reduce downtime, and increase overall operational efficiency. Companies are seeking drill pipes with longer lifespans, improved wear resistance, and reduced maintenance requirements to achieve cost-effective drilling operations.
  • Environmental and Safety Considerations: Environmental regulations and safety concerns are gaining prominence in the drill pipe industry. Companies are focusing on developing environmentally friendly drilling practices and technologies to minimize the impact on ecosystems and communities. This includes the adoption of drill pipes made from sustainable materials, as well as the implementation of safety protocols to mitigate the risks associated with drilling operations.

Drill Pipe Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global drill pipe market analysis, the growing environmental concerns over toxic fume emissions from exploration are also projected to stymie market development. New contracts in the equipment rental business have also fallen dramatically. However, by the end of 2016, it had recovered due to a revival in oil activities and projected stabilization of petroleum prices. The most recent discovery of fresh hydrocarbon reserves, particularly in the South China Sea, as well as in the nation of Pakistan, Israel, Australia, Senegal, & Egypt, is expected to generate profitable prospects for industry participants in the coming years. Increased investment in research and development by key vendors to optimize drill pipe production and improve overall material durability to satisfy API criteria is expected to underpin future demand.

Report Metric Details
Market size value in 2023 USD 2.41 billion
Market size value in 2031 USD 3.40 billion
Growth Rate 3.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Grade
    • API Grade and Premium Grade
  • Application
    • Onshore and Offshore
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Tenaris S.A.
  • TMK Group
  • DP Master Manufacturing Pvt. Ltd.
  • Jiangyin Long Bright Drill Pipe Manufacture Co., Ltd.
  • Hunting PLC
  • Superior Drillpipe Manufacturing, Inc.
  • TMK IPSCO
  • Weatherford International Ltd.
  • Dril-Quip, Inc.
  • Ferrostaal Piping Supply GmbH
  • Tejas Tubular Products, Inc.
  • RK Pipe & Supply, LLC
  • Texas Steel Conversion, Inc.
  • Rig Direct™ International, a division of NOV
  • Oil Country Tubular Limited (OCTL)
  • Jiangsu Shuguang Huayang Drilling Tool Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Drill Pipe Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Drill Pipe Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Drill Pipe Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Drill Pipe Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Drill Pipe Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Drill Pipe Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

Drill Pipe Market size was valued at USD 2.41 billion in 2022 and is poised to grow from USD 2.50 billion in 2023 to USD 3.40 billion by 2031, growing at a CAGR of 3.9% during the forecast period (2024-2031). 

The industry is very competitive, with many and regional competitors present. Established players are creating new products for drill pipe applications through R&D. Schlumberger and NOV Inc., for example, obtained a USD 117.8 million wired drill pipe deal from Equinor ASA. 'Vallourec S.A.', 'National Oilwell Varco, Inc.', 'Hilong Group', 'Tenaris S.A.', 'TMK Group', 'DP Master Manufacturing Pvt. Ltd.', 'Jiangyin Long Bright Drill Pipe Manufacture Co., Ltd.', 'Hunting PLC', 'Superior Drillpipe Manufacturing, Inc.', 'TMK IPSCO', 'Weatherford International Ltd.', 'Dril-Quip, Inc.', 'Ferrostaal Piping Supply GmbH', 'Tejas Tubular Products, Inc.', 'RK Pipe & Supply, LLC', 'Texas Steel Conversion, Inc.', 'Rig Direct™ International, a division of NOV', 'Oil Country Tubular Limited (OCTL)', 'Jiangsu Shuguang Huayang Drilling Tool Co., Ltd.'

Offshore drilling for oil and gas reserves is expanding globally, driven by the need to explore untapped offshore reserves. Offshore drilling operations require specialized drill pipes designed to withstand harsh marine environments. The growing offshore drilling activities, especially in deepwater and ultra-deepwater regions, are fueling the demand for drill pipes.

Growing Demand for Unconventional Oil and Gas Resources: The increasing demand for energy has led to the exploration and production of unconventional oil and gas resources, such as shale gas and tight oil. These resources require advanced drilling techniques, including horizontal drilling and hydraulic fracturing, which in turn drive the demand for high-quality drill pipes capable of withstanding the challenging drilling conditions associated with unconventional reservoirs.

In 2023, the North America region led the industry, accounting for more than 26.0% of total sales. The region is expected to grow at a moderate rate, maintaining its position during the projection period. Massive expenditures by major oil and gas companies in both conventional & unconventional areas have been the primary drivers of the region's first market penetration.

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Global Drill Pipe Market

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