Asia Pacific Drill Pipe Market Size | Latest Research Report and Forecast 2020-2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-28
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Asia Pacific Drill Pipe Market Size | Latest Research Report and Forecast 2020-2026

The Asia Pacific drill pipe market size offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The amplifying investments across the upstream sector coupled with the increasing focus on E&P activities aimed at fulfilling the spiraling demand for power has been boosting the prospects of the APAC drill pipe industry outlook. At the same time, the market has been receiving considerable impetus from the growing necessity to deploy improved oil & gas exploitation techniques and technologies to ensure higher efficiency and productivity.

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Numerous government norms have been seeking to aim toward self-reliance in crude oil E&P across the region. The following four factors have been accelerating the APAC drill pipe industry forecast:

Growing utilization of unconventional resources

The onshore segment has been expanding considerably in the past few years on account of the lower capex, minimized operational hazards, and the rising rig count across the region. The exploration, production, and utilization of unconventional resources has been one of the factors responsible for expanding demand across onshore activities.

The shifting focus on heavy oil reservoirs, alongside the benefits such as lower maintenance and transportation costs has been facilitating the growth of the APAC drill pipe market size.

Augmenting demand for API drill pipes

The APAC drill pipe market forecast, in terms of products, has been segmented into premium products and API products. The API segment is likely to forge ahead substantially through the forecast timeline, owing to the propulsion offered by the multiple advantages associated with the product.

These include higher torque resistance, cost competitiveness, and superior toughness. These products are capable of enduring extreme variability in temperature and pressure, rendering them an ideal tool for settings with harsh weather conditions. This growth in demand is boosting the APAC drill pipe market share.

Robust deployment of premium drill pipes

Due to their high suitability for deployment in E&P operations across deep & ultra-deep locations, premium drill pipes are also being leveraged by numerous end-users in the region. The longer lifespan, superior strength, and enhanced safety margins of these drill pipes are responsible for the growing installations of these products in the Asia Pacific.  

Increasing investments in Chinese market

The domestic production across the oil & gas sector has been one of the major areas of focus in China, with factors such as growth in investments and beneficial government plans and policies supporting the aim. The Asia Pacific drill pipes industry share is expanding owing to the spiraling demand for natural gas across the commercial and residential applications in China.

The product deployment in the region is increasing due to the growth in offshore oil production in the region, especially in the South China sea and in the Sichuan basin. As per the 2019 findings of the IEA, during 2018, the demand for oil surpassed 617 million tons in the region. The expected surge in demand during the forecast years is likely to boost the drill pipe market in APAC.

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Ferrostaal, National Oilwell Varco, Vallourec, Hilong Group, Maharashtra Seamless, DP-Master, RK pipe & supply, TMK, and JFE Steel Corporation are some leading manufacturers of drill pipes in Asia Pacific.

Table of Contents (ToC) of the report:

Chapter 1.       Methodology and Scope

1.1.           Methodology

1.2.           Market definitions

1.3.           Market estimates and forecast parameters

1.4.           Data sources

1.4.1.        Primary

1.4.2.        Secondary

1.4.2.1.           Paid sources

1.4.2.2.           Public sources

Chapter 2.       Executive Summary

2.1.           Asia Pacific drill pipe market 360o synopsis, 2015 – 2026

Chapter 3.       Asia Pacific Drill Pipe Industry Insights

3.1.           Industry segmentation

3.2.           Industry landscape, 2015 – 2026

3.3.           Industry ecosystem analysis

3.3.1.        Vendor matrix

3.4.           Innovation & sustainability

3.5.           Regulatory landscape

3.6.           Industry impact forces

3.6.1.        Growth drivers

3.6.2.        Industry pitfalls & challenges

3.7.           Growth potential analysis

3.8.           Porter's analysis

3.9.           Competitive landscape, 2019

3.9.1.        Strategy dashboard

3.10.         PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1333/asia-pacific-drill-pipe-market 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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