Global Air Core Drilling Market - Business Opportunities, Leading Players, Trends Outlook Up to 2023

The global air core drilling market is poised to grow at a robust pace during the forecast period (2016 - 2022) on account of increasing requirement for effective techniques for extraction in applications such as mines and oil and gas wells.

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Air core drilling is suitable for soft rock and soil formations that do not require heavy machineries to drill to the desired depth. This technology is used by mining companies as it provides instant switch between complementary drill bits, continuous sample returns and reduced times in moving between boreholes, which maintain the ore grade of the mineral samples.

The growing application of air core drilling in the commercial and industrial sectors, and the diminishing ore grades are expected to boost extensive mineral exploration and mining activities.

In terms of application, the dust application creates the maximum demand in the global air core drilling market. This technology is used to reduce hydrostatic pressure in the wellbore and is widely used in mature sedimentary basins that have consolidated hard rock formations.

Geographically, North America has been the largest market in the global air core drilling market, in terms of value.

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The key players operating in the global air core drilling market include Schlumberger, Halliburton, Baker Hughes, Weatherford International Inc., Atlas Copco, Allis Chalmers and Archer Limited, among others.