Albany, NY -- (SBWIRE) -- 07/25/2016 -- Drill pipes are an essential part of the drill string, forming its longest component. Drill pipes are hollow thick-walled steel pipes with threaded connections at both ends. The end with an external thread is known as the male end, whereas the end with an internal thread is called the female end. The basic purpose of a drill pipe is to provide a connection between the surface equipment and BHA for drilling purposes. Drill pipes are generally machined out of solid steel alloy bars as per API specifications. However, aluminum and titanium alloys are also used as raw material for drill pipes. The bars of alloys are bored from one end to the other to provide a passage for drilling fluids. Drill pipes are segmented into various grades depending on their material properties such as tensile strength and yield strength. A standard drill pipe is about 30 to 33 feet in length. Drill pipes are characterized by high tensile strength and fatigue resistance.

The drill pipe market in the Middle East to grow at a CAGR of 12.04% in terms of revenue during 2014-2019. The report includes the present scenario and the growth prospects of the drill pipe market in the Middle East for 2015-2019. The market can be divided into the following segments:
- Raw materials: alloys and composites
- Applications: onshore and offshore

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Technavio's report, Drill Pipe Market in the Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

Key Countries
- Iran
- Iraq
- Kuwait
- Saudi Arabia
- UAE

Key Vendors
- DP-Master
- Halliburton
- Hunting
- Schlumberger
- Tasman Oil Tools
- Tenaris
- Vallourec
- Weatherford International

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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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