Air Core Drilling Market Size To Reach $2.73 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Air Core Drilling Market Growth & Trends

The global air core drilling market value is anticipated to exceed USD 2.73 billion by 2030, expanding at a CAGR of CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising investment in E&P activities across various unconventional energy sources to meet growing energy demand is expected to drive the market over the next nine years.

Air core drilling is widely used in soft rock and soil formations that do not need heavy machinery to drill to the desired depth. The samples produced are not damaged and can be easily analyzed which makes this method better thanrotary air blast drilling.The techniqueis primarily used by mining companies which are looking for minerals that are well below the surface as it can reach depths up to 300 meters.

Additional benefits of this method include instant switch between complimentary drill bits, continuous sample returns, and reduced times in moving between boreholes which maintain the ore grade of the mineral samples.

Air core drilling takes longer time than other conventional techniques as the process is more accurate.In addition,the technique functions at water devoid, mature geographical areas and hydrogen sulfide zones which is anticipated to limit its usability.

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Air Core Drilling Market Report Highlights

The dust drilling segment dominated the market with a 39.7% share in 2023 owing to efficiency and cost-effectiveness and is used to reduce hydrostatic pressure in the wellbore.
The mining industry registered the dominant market share in 2023 owing to the rising demand for minerals and metals.
The construction sector is expected to grow at a CAGR of 6.4% over the forecast period, owing to rapid urbanization and infrastructure development.
The Asia Pacific air core drilling market dominated with 40.0% share in 2023 attributed to the rising demand for minerals and metals to cater to the rapid industrialization and urbanization in developing economies including China and India.