Market Overview:
The global non-magnetic drill collars market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for oil drilling and underground thermal well applications across the globe. Based on type, the low carbon stainless steel segment is expected to account for a major share of the global non-magnetic drill collars market in 2018. This can be attributed to its high strength and corrosion resistance properties as compared with other types of materials used in manufacturing drill collars. Based on application, oil drilling is anticipated to hold a dominant position in the global non-magnetic drill collars market throughout the forecast period. This can be ascribed to increasing investments by oil & gas companies across regions for exploration and production activities.
Product Definition:
Non-magnetic drill collars are used to prevent the attraction of drilling mud and other debris to the drill bit, which can cause significant drag and affect the drilling process.
Low Carbon Stainless Steel:
Stainless steel is a popular material used in the manufacturing of drill collar. It has several properties such as corrosion resistance, high strength, and easy maintenance which makes it suitable for use in non- magnetic drill collar products. The global stainless steel market size was valued at USD 8.83 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
Titanium alloy:
Titanium alloys are widely used in the manufacturing of non-magnetic drill collar components. Drill collar is a key component used in the drilling of holes and it's function depends on its shape and size. Titanium alloy has superior properties such as high strength, corrosion resistance, hardness, lightweight and ability to withstand high temperatures which makes it suitable for use in drill collars market.
Application Insights:
The oil drilling segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to rising demand for petroleum products, such as diesel and gasoline, across the globe. Rapid urbanization coupled with increasing disposable income has led to an increase in drilling activities across various regions including Asia Pacific and Middle East & Africa. This has resulted in a significant rise in demand for NMDLCs over recent years.
Non-magnetic drill collars are used widely during construction activities owing to their ability to provide accurate depth measurement while drilling without any damage or wear on bit assembly caused by magnetic materials sticking onto it or into it. These devices help avoid accidental starting of electric motors when attempting manual drives at great depths which can lead to injuries or worse if not handled correctly, said Amdocs Ltd.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in drilling activities due to low oil prices and stringent regulations by environmental protection agencies. However, rising shale gas exploration activities are anticipated to drive product demand over the next eight years.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing government spending on infrastructure development projects coupled with rising energy demand from developing economies such as India and China. Rising oil & gas exploration activities are also projected favorably impact regional product demand over the coming years.
Growth Factors:
- Increasing demand for non-magnetic drill collars from the oil and gas industry as a result of increasing drilling activities to extract hydrocarbons.
- Growing demand for non-magnetic drill collars in the construction industry due to their ability to reduce wear and tear on equipment.
- Rising popularity of non-magnetic drill collars in mining applications as they help prevent damage to sensitive mineral deposits.
- Increasing use of non-magnetic drill collars in water well drilling operations as they do not interfere with electronic equipment used in these applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Magnetic Drill Collars Market Research Report
By Type
Low Carbon Stainless Steel, Titanium alloy
By Application
Oil Drilling, Underground Thermal Well, Others
By Companies
Vallourec, Schoeller-Bleckmann, Drilling Tools International, NOV, Hunting Energy Services Inc., Stabil Drill, RDT-USA, ACE O.C.T.G. Ltd, JA Oilfield Manufacturing, Inc., API Engineering Ltd., Zhong Yuan Special Steel, Shanxi Fenglei Drilling Tools, Shanxi YIDA Special Steel Group, Henan Shenlong Petroleum Drilling Tools, Dezhou Dana’s Petroleum Technology Service, Inner Mongolia North Heavy Industries Group, Jiangsu Elite Petroleum Technology, DP-MASTER
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Non-Magnetic Drill Collars Market Report Segments:
The global Non-Magnetic Drill Collars market is segmented on the basis of:
Types
Low Carbon Stainless Steel, Titanium alloy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Drilling, Underground Thermal Well, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vallourec
- Schoeller-Bleckmann
- Drilling Tools International
- NOV
- Hunting Energy Services Inc.
- Stabil Drill
- RDT-USA
- ACE O.C.T.G. Ltd
- JA Oilfield Manufacturing, Inc.
- API Engineering Ltd.
- Zhong Yuan Special Steel
- Shanxi Fenglei Drilling Tools
- Shanxi YIDA Special Steel Group
- Henan Shenlong Petroleum Drilling Tools
- Dezhou Dana’s Petroleum Technology Service
- Inner Mongolia North Heavy Industries Group
- Jiangsu Elite Petroleum Technology
- DP-MASTER
Highlights of The Non-Magnetic Drill Collars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Carbon Stainless Steel
- Titanium alloy
- By Application:
- Oil Drilling
- Underground Thermal Well
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-Magnetic Drill Collars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-magnetic drill collars are a type of safety equipment used to prevent injuries from electric shock while drilling. They consist of a metal ring around the drill bit that helps to keep the bit from coming into contact with the user's skin.
Some of the major companies in the non-magnetic drill collars market are Vallourec, Schoeller-Bleckmann, Drilling Tools International, NOV, Hunting Energy Services Inc., Stabil Drill, RDT-USA, ACE O.C.T.G. Ltd, JA Oilfield Manufacturing, Inc., API Engineering Ltd., Zhong Yuan Special Steel, Shanxi Fenglei Drilling Tools, Shanxi YIDA Special Steel Group, Henan Shenlong Petroleum Drilling Tools, Dezhou Dana¢â‚¬â„¢s Petroleum Technology Service, Inner Mongolia North Heavy Industries Group, Jiangsu Elite Petroleum Technology, DP-MASTER.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Non-Magnetic Drill Collars Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non-Magnetic Drill Collars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non-Magnetic Drill Collars Market - Supply Chain
4.5. Global Non-Magnetic Drill Collars Market Forecast
4.5.1. Non-Magnetic Drill Collars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non-Magnetic Drill Collars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Non-Magnetic Drill Collars Market Absolute $ Opportunity
5. Global Non-Magnetic Drill Collars Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
5.3.1. Low Carbon Stainless Steel
5.3.2. Titanium alloy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Non-Magnetic Drill Collars Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
6.3.1. Oil Drilling
6.3.2. Underground Thermal Well
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Non-Magnetic Drill Collars Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Non-Magnetic Drill Collars Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Non-Magnetic Drill Collars Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Non-Magnetic Drill Collars Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Non-Magnetic Drill Collars Demand Share Forecast, 2019-2026
9. North America Non-Magnetic Drill Collars Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Non-Magnetic Drill Collars Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
9.4.1. Oil Drilling
9.4.2. Underground Thermal Well
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
9.7.1. Low Carbon Stainless Steel
9.7.2. Titanium alloy
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Non-Magnetic Drill Collars Demand Share Forecast, 2019-2026
10. Latin America Non-Magnetic Drill Collars Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Non-Magnetic Drill Collars Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
10.4.1. Oil Drilling
10.4.2. Underground Thermal Well
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
10.7.1. Low Carbon Stainless Steel
10.7.2. Titanium alloy
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Non-Magnetic Drill Collars Demand Share Forecast, 2019-2026
11. Europe Non-Magnetic Drill Collars Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Non-Magnetic Drill Collars Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
11.4.1. Oil Drilling
11.4.2. Underground Thermal Well
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
11.7.1. Low Carbon Stainless Steel
11.7.2. Titanium alloy
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Non-Magnetic Drill Collars Demand Share, 2019-2026
12. Asia Pacific Non-Magnetic Drill Collars Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Non-Magnetic Drill Collars Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
12.4.1. Oil Drilling
12.4.2. Underground Thermal Well
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
12.7.1. Low Carbon Stainless Steel
12.7.2. Titanium alloy
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Non-Magnetic Drill Collars Demand Share, 2019-2026
13. Middle East & Africa Non-Magnetic Drill Collars Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Non-Magnetic Drill Collars Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Non-Magnetic Drill Collars Market Size and Volume Forecast by Application
13.4.1. Oil Drilling
13.4.2. Underground Thermal Well
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Non-Magnetic Drill Collars Market Size and Volume Forecast by Type
13.7.1. Low Carbon Stainless Steel
13.7.2. Titanium alloy
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Non-Magnetic Drill Collars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Non-Magnetic Drill Collars Market: Market Share Analysis
14.2. Non-Magnetic Drill Collars Distributors and Customers
14.3. Non-Magnetic Drill Collars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vallourec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schoeller-Bleckmann
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Drilling Tools International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NOV
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hunting Energy Services Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stabil Drill
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RDT-USA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ACE O.C.T.G. Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JA Oilfield Manufacturing, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. API Engineering Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhong Yuan Special Steel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanxi Fenglei Drilling Tools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shanxi YIDA Special Steel Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Henan Shenlong Petroleum Drilling Tools
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dezhou Danas Petroleum Technology Service
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Inner Mongolia North Heavy Industries Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jiangsu Elite Petroleum Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. DP-MASTER
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
