all report title image
  • Published In : Feb 2023
  • Code : CMI5571
  • Pages : 135
  • Formats :
      Excel and PDF
  • Industry : Energy
Ingographics Image

Polycrystalline diamond compact (PDC) bits are used in the drilling tools. These bits are necessary tools for carrying out drilling operations primarily in the oil and gas industry, where PDC bit drills cylindrical boreholes for assembling crude oil and gas. Moreover, these bits are less expensive than roller cone bits, and hence, it lessen the total cost of drilling, owing to higher rotary speed that allows enhanced drill rates while reducing the deviation. Artificial diamond cutters are used for manufacturing of PDC bits as diamond is the hardest material due to its superior properties. Furthermore, PDC is a key component for drilling as it combines inexpensive, man-made, tiny diamonds into large masses of erratically oriented crystals.

Market Dynamics

Polycrystalline diamond compact (PDC) drill bits is one of the most significant advancements in drilling tools in recent years. With high rate of penetration (ROP) potential, these bits have revolutionized the oil and gas drilling industry. These drill bits are typically made with synthetic diamond cutters in either a matrix body or a steel body material. Polycrystalline diamond compact cutter is used in the formation of diamond tables that are a part of the cutter. PDC diamond tables are hard, and possess a broad spectrum of characteristic for bit cutters. Moreover, rising performance and increasing production of shale gas  are expected fuel the global polycrystalline diamond compact cutter market growth during the forecast period. However, ecological risks and stringent government policies for hydrocarbon- based fuel sources are hindering the global polycrystalline diamond compact cutter market growth. Matrix body drill bits offer numerous advantages including longer life, high volume of fluid, and multiple runs. This  tool also offers superior structural strength along with resistance to erosion, wear and tear. Demand for matrix body PDC drill bits will increase the the need of advanced and efficient drilling technologies in near future.

Key features of the study:

  • This report provides an in-depth analysis of the global polycrystalline diamond compact cutter market, its market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global polycrystalline diamond compact cutter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Atlas Copco, Baker Hughes Company, Best bits, Bit Brokers International Ltd, Blast Hole Bit Company, LLC, Burintekh, C&H Bit Co, Cangzhou Great Drill Bits Co., Ltd., East West Machinery & Drilling, Epiroc AB, Halliburton, Hejian Longyue Drill Bit Manufacture Co.,Ltd, Hejian Ruida Petroleum Material Co., Hunan Drillmaster Engineering Technology Co., Ltd., NOV Inc., Palmer Bit Co, Rockpecker Limited, Schlumberger, Ulterra, Varel.
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • Global polycrystalline diamond compact cutter market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polycrystalline diamond compact cutter market

Detailed Segmentation:

  • Global Polycrystalline Diamond Compact Cutter Market, By Type
    • Matrix Body
    • Steel Body
  • Global Polycrystalline Diamond Compact Cutter Market, By Application
    • Onshore Drilling
    • Offshore Drilling
  • Global Polycrystalline Diamond Compact Cutter Market, By Size
    • Less than 8mm
    • 9mm to 16mm
    • 17mm to 25mm
    • 26mm to 50mm
    • More than 50mm
  • Global Polycrystalline Diamond Compact Cutter Market, By Technology
    • Rolling Cutting Technology
    • Leaching Technology
    • Shaped Cutter Technology
    • Others (PDC Conical Buttons, etc.)
  • Global Polycrystalline Diamond Compact Cutter Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Country:
        • Middle East
        • Africa
  • Company Profiles
    • Atlas Copco*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Baker Hughes Company
    • Best bits
    • Bit Brokers International Ltd
    • Blast Hole Bit Company, LLC
    • Burintekh
    • C&H Bit Co
    • Cangzhou Great Drill Bits Co., Ltd.
    • East West Machinery & Drilling
    • Epiroc AB
    • Halliburton
    • Hejian Longyue Drill Bit Manufacture Co.,Ltd
    • Hejian Ruida Petroleum Material Co.
    • Hunan Drillmaster Engineering Technology Co., Ltd.
    • NOV Inc.
    • Palmer Bit Co
    • Rockpecker Limited
    • Schlumberger
    • Ulterra
    • Varel

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Size
      • Market Snippet, By Technology
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trends
      • Mergers and Acquisitions
  4. Global Polycrystalline Diamond Compact Cutter Market- Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Polycrystalline Diamond Compact Cutter Market – COVID-19
    • Impact Analysis
  5. Global Polycrystalline Diamond Compact Cutter Market, By Type, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • Matrix Body
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Steel Body
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  6. Global Polycrystalline Diamond Compact Cutter Market, By Application, 2017-2020, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023, 2025, and 2030(%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • Onshore Drilling
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Offshore Drilling
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  7. Global Polycrystalline Diamond Compact Cutter Market, By Size, 2017-2020, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023, 2025, and 2030(%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • Less than 8mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • 9mm to 16mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • 17mm to 25mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • 26mm to 50mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • More than 50mm
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  8. Global Polycrystalline Diamond Compact Cutter Market, By Technology, 2017-2020, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023, 2025, and 2030(%)
      • Y-o-Y Growth Analysis, 2017-2030
      • Segment Trends
    • Rolling Cutting Technology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Leaching Technology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Shaped Cutter Technology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
    • Others (PDC Conical Buttons, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
  9. Global Polycrystalline Diamond Compact Cutter Market, By Region, 2017-2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2023, 2025, and 2030(%)
      • Y-o-Y Growth Analysis, For Region, 2017-2030
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Technology, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Technology, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Technology, 2017-2030, (US$ Mn)
        • Market Size and Forecast, By Country, 2017-2030, (US$ Mn)U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Technology, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2030, (US$ Mn)
      • Market Size and Forecast, By Technology, 2017-2030, (US$ Mn)
        • Market Size and Forecast, By Country, 2017-2030, (US$ Mn)Middle East
        • Africa
  10. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Atlas Copco
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Baker Hughes Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Best bits
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Bit Brokers International Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Blast Hole Bit Company, LLC
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Burintekh
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • C&H Bit Co
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cangzhou Great Drill Bits Co., Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • East West Machinery & Drilling
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Epiroc AB
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Halliburton
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hejian Longyue Drill Bit Manufacture Co.,Ltd
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hejian Ruida Petroleum Material Co.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hunan Drillmaster Engineering Technology Co., Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • NOV Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Palmer Bit Co
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Rockpecker Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Schlumberger
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Ulterra
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Varel
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 33 market data tables* and 24 figures* on "Global Polycrystalline Diamond Compact Cutter Market”- Forecast to 2017-2030.

View Our Licence Options

  • Need a Custom Report?

    We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

    Customize Now
  • Want to Buy a Report but have a Limited Budget?

    We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

    Request Discount
Logo

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo