Drill pipe market : Analysis and Value Forecast Snapshot by End-use Industry

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Drill Pipe Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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Global Drill Pipe Market Overview

• The incessantly increasing demand for energy and
  the increasing demand for exploration of offshore
  reserves due to the declining production from
  onshore fields is leading to the utilization of
  new drilling technologies.
• The latest advances in drilling technologies such
  as pad drilling and horizontal drilling have
  amplified drilling efficiency and lessened
  drilling rig downtime which has enabled faster
  drilling operations.
• This will translate into the increased demand for
  drilling equipment, which includes drill pipe.

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Global Drill Pipe Market Drivers and Restraints

• The increasing offshore exploration and
  production activities within countries such as
  Norway, Angola, and the U.S. and increasing
  investments for the development of offshore oil
  fields are the major factors driving the global
  drill pipe market.
• The presence of large unconventional onshore
  resources in countries such as China, Canada,
  Argentina, and the U.S. is also bolstering the
  growth of the drill pipe market.
• However, the high operational cost of drilling
  procedures is challenging the markets growth.
• Nevertheless, the increasing energy demand from
  the developing economies of Asia Pacific such as
  India and China will present ample opportunities
  to the growth of the market.

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Global Drill Pipe Market, by Region

• North America
• Europe
• Asia Pacific
• Rest of the World

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Leading Companies in the Global Drill Pipe Market 

•  Bridgestone
• STR Holdings Inc.
• DuPont
• First Solar GmBH
• Dow Corning Corporation
• KURARAY EUROPE GMBH

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