Drill Pipe Market size worth $2.3bn by 2025

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Drill Pipe Market -Global Industry Analysis
Report, Share, Size, Growth, Price Trends and
Forecast,2016 2025
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il/drill-pipe-market
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Global Market Scenario of Drill Pipe industry
Drill Pipe Market size is expected to reach USD
2.3 billion by 2025, according to a new research
report by Global Market Insights,
Inc. Increasing conventional and unconventional
resources drilling coupled with rising number of
rig count will drive global drill pipe market
size. Premium grade is expected to witness
significant growth in future owing to its
application in offshore exploration and
production. These pipes can withstand under high
temperature and pressure conditions. API grade
drill pipes market is likely to grow over CAGR of
2.5 owing to its cost effectiveness. Offshore
drill pipe market share was valued at over USD
890 million in 2015 and is predicted to grow at a
CAGR of 3.2. Increasing offshore drilling will
further compliment industry demand. Offshore
exploration and production projects are
continuously running in Myanmar. In April 2016,
Total launched 2D seismic survey in Yetagun West
Block.
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Continue.....
Gazprom is planning to produce over 1.1 billion
cubic meter of natural gas from Kirinskoye field
in Russia and China national offshore oil
corporation has started oil production from Pearl
river mouth basin in South China sea. Ongoing
onshore exploration and production will favor
drill pipe market size growth during 2015 to 2025
period. DEA is planning to spend over USD 1
billion to develop Davlin natural gas field of
Norway, predicted to produce approx. 18 billion
cubic meter of natural gas by 2020. Increasing
shale gas exploration and production will favor
the growth of the U.S. drill pipe market size
over forecast time frame. Canada was valued at
over USD 130 million in 2015 and is expected to
grow over a CAGR of 2.1 in the near terms
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-analysis/drill-pipe-market F
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U.S. Drill Pipe market size, by grade, by
revenue (USD Million), 2013-2025
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