Latin America Drill Pipe Market Size & Outlook, 2022-2030
Latin America drill pipe market, 2018-2030 (US$M)
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Latin America drill pipe market highlights
- The Latin America drill pipe market generated a revenue of USD 203.8 million in 2022.
- The market is expected to grow at a CAGR of 2.8% from 2023 to 2030.
- In terms of segment, api grade was the largest revenue generating grade in 2022.
- Premium Grade is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 203.8 million |
| Market revenue in 2030 | USD 254.5 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Api grade |
| Fastest growing segment | Premium Grade |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API Grade, Premium Grade |
| Key market players worldwide | Hilong Holding Ltd, NOV Inc, Tenaris SA, Vallourec SA, TMK Energy Ltd, Superior Drilling Products Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.5% of the global drill pipe market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 512.5 million by 2030.
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Drill Pipe Market Scope
Drill Pipe Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America drill pipe market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drill pipe market will help companies and investors design strategic landscapes.
Api grade was the largest segment with a revenue share of 64.92% in 2022. Horizon Databook has segmented the Latin America drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.
CSA is located on major oil & gas deposits and has increased its existence in the area of petroleum production, particularly in Brazil, Argentina, Ecuador and Venezuela. Recent development in natural reserves has grown the drill pipe market in the region.
Argentina has a high level of crude reserve though oil production is quite lower than that of other region of Latin American. Venezuela and Argentina are known as the largest producer of natural gas in the region, owing to this demand for drill pipe is expected to grow in these two regions.
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Our clientele includes a mix of drill pipe market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America drill pipe market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America drill pipe market size, by country, 2018-2030 (US$M)
Latin America Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)
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