Drill Pipe Market Growth Opportunities, Value, Future Prospects and Trends 2027

 According to a new report published by Allied Market Research, titled, “Drill pipe market by Type, Grade, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global drill pipe market size is expected to reach $1.6 billion in 2027 from $1.3 billion in 2019, growing at a CAGR of 5.2% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for 36.0% share of the global drill pipe market.

Drill pipe is a tubular steel conduit, which connects the rig surface equipment with the bottom hole assembly. The drill pipe has special threaded ends called as tool joints and it is used for pumping drilling fluid to the rig drilling bit for reducing torque generated in the pipe. A series of drill pipes is termed as drill string and the pipes are connected using different connections to maintain the length of the rig and secure the pipe joint.

Get sample copy of “Drill Pipe Market” at: https://www.alliedmarketresearch.com/request-sample/10536

North America and Asia-Pacific are the highest contributors in the drill pipe market. Countries such as China, the U.S., Japan, and Russia hold majority of the global share in the production and consumption of drill pipe, owing to the high investments on oil & gas exploration activities.

Major Key Players of the Drill Pipe Market are:
Hilong Group of Companies, Jindal Saw Ltd. (Drill Pipes International LLC), NOV Inc., Oil Country Tubular Ltd., PetroMaterials Corporation, Tejas Tubular Products, Inc., Tenaris S.A., Texas Steel Conversion, Inc., TMK Steel Limited, and Weatherock Group Holding Limited.

Major Types of Drill Pipe covered are:
Standard drill pipe
Heavy weight drill pipe (HWDP)

Major Applications of Drill Pipe covered are:
Offshore
Onshore

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Research objectives:-

- To study and analyze the global Drill Pipe consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Drill Pipe market by identifying its various sub-segments.
- Focuses on the key global Drill Pipe manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Drill Pipe with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Drill Pipe market projections, market sizes, and shares. Moreover, the Drill Pipe market report examines the most recent trends, pipeline products and developments in the Drill Pipe market. Complete profiles of leading organizations in the market are also mentioned in this report.

Have any query? Speak to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/10536

In the end, Drill Pipe industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

About Us-

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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