Deerfield Beach, FL -- (SBWIRE) -- 07/13/2015 -- About Drill Pipe

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.

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

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
- For a full, detailed list, view our report

Market Challenge

- Fluctuating Oil Prices
- For a full, detailed list, view our report

Market Trend

- Advances in Technology
- For a full, detailed list, view our report

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?"