The global Non-magnetic Steel for Drill Collar market size is predicted to grow from US$ 83.2 million in 2025 to US$ 106 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

Non - magnetic steel for drill collars is a specialized type of steel designed specifically for manufacturing drill collars used in oil and gas drilling, as well as geological exploration. Its most crucial characteristic is low magnetic permeability, which means it generates minimal interference with the surrounding magnetic field during drilling operations. This ensures that down - hole measuring instruments such as Measurement While Drilling (MWD) and Logging While Drilling (LWD) can function accurately within a non - magnetic environment, providing precise measurement data.

United States market for Non-magnetic Steel for Drill Collar is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Non-magnetic Steel for Drill Collar is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Non-magnetic Steel for Drill Collar is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Non-magnetic Steel for Drill Collar players cover Schoeller-Bleckmann (SBO), Carpenter Technology, Swiss Steel Group, ATI, Zhong Yuan Special Steel, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Non-magnetic Steel for Drill Collar Industry Forecast” looks at past sales and reviews total world Non-magnetic Steel for Drill Collar sales in 2024, providing a comprehensive analysis by region and market sector of projected Non-magnetic Steel for Drill Collar sales for 2025 through 2031. With Non-magnetic Steel for Drill Collar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Non-magnetic Steel for Drill Collar industry.

This Insight Report provides a comprehensive analysis of the global Non-magnetic Steel for Drill Collar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Non-magnetic Steel for Drill Collar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Non-magnetic Steel for Drill Collar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Non-magnetic Steel for Drill Collar and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Non-magnetic Steel for Drill Collar.

This report presents a comprehensive overview, market shares, and growth opportunities of Non-magnetic Steel for Drill Collar market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    15-15 Series Steel
    P Series Steel
    W1813N Steel
    N1310 Steel
    Others

Segmentation by Application:

    Oil and Gas
    Geological Exploration
    Others

This report also splits the market by region:

    Americas

        United States
        Canada
        Mexico
        Brazil

    APAC

        China
        Japan
        Korea
        Southeast Asia
        India
        Australia

    Europe

        Germany
        France
        UK
        Italy
        Russia

    Middle East & Africa

        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    Schoeller-Bleckmann (SBO)
    Carpenter Technology
    Swiss Steel Group
    ATI
    Zhong Yuan Special Steel
    Baoshan Iron&Steel Co.,Ltd.
    Henan Shenlong Petroleum Drilling Tools

Key Questions Addressed in this Report

What is the 10-year outlook for the global Non-magnetic Steel for Drill Collar market?
What factors are driving Non-magnetic Steel for Drill Collar market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Non-magnetic Steel for Drill Collar market opportunities vary by end market size?
How does Non-magnetic Steel for Drill Collar break out by Type, by Application?