Albany, NY -- (SBWIRE) -- 07/14/2015 -- Drill pipes are an essential part of the drill string. They form the longest component of the drill string. 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 known as 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, aluminium and titanium alloys are also used. The bars of alloys are bored from one end to the other to provide passage for drilling fluids. Drill pipes are segmented into various grades depending on their material properties such as tensile strength and yield strength. Standard drill pipes are about 30 feet to 33 feet in length. Drill pipes are characterized by high tensile strength and resistance to fatigue.

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Market analysts forecast the global drill pipe market to grow at a CAGR of 9.58%, in terms of revenue, over the period 2014-2019.

Covered in this Report

Latest report, Global Drill Pipe Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the forecast of the global drill pipe market and its growth prospects in the coming years. The report also includes the segmentation on the basis of application, raw materials, and geography. The report also includes a discussion of the key vendors operating in this market.

The report covers the segmentation as described below.

Key Vendors
DP Master
Hilong Group
Hunting
Superior Drillpipe Manufacturing
Tasman Oil Tools
Tenaris
Vallourec

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Other Prominent Vendors
ACE
Aliron Tool Research
American Oilfield Tools
Bilco Tools
Challenger International
Command Energy Services
Downhole Oil Tools
Logan Oil Tools
Magnum Oil Tool International
National Oilwell Varco
Oil Tools International Services Private
Schoeller Bleckmann Oilfield Equipment
Wenzel Downhole Tools
Workstrings International

Market Driver
Increased Global Demand for Oil and Gas
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Market Challenge
Fluctuating Oil Prices
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Market Trend
Advances in Technology
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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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