DUBLIN, June 16, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Drill Pipe Market - By Type(Standard, Heavy Weight Drill Pipes);By Material(Alloys, Composits, Others);By Grade(American Petroleum Institute Grade, Premium Grade);By Application ( On Shore, Off Shore),By Geography - Forecast 2016 - 2021." report to their offering.

A Drill Pipe is a tube shaped conduit made of alloy or composite materials that is fitted with specially made threaded ends that are known as tool joints. The end with external thread is known as the male end, whereas the end with an internal thread is called the female end. Drill pipes are hollow thick-walled pipes. The basic purpose of a drill pipe is to provide a connection between the surface equipment and BHA for drilling purposes.

The Standard Heavy weight Drill Pipe (HWDP), was developed to provide a gradual transition from heavy drill collars to relatively light weight drill pipe. HWDP is well-suited for directional drilling. Because it bends easily, it simplifies directional control and minimizes connection fatigue problems common to high angle or horizontal drilling.

The drill pipe market for API grade is larger compared to the premium grade drill pipes. This is due to fact that the API grade drill pipes are less expensive as compared to the premium grade drill pipes. On the other hand, premium grade drill pipes are generally suitable for abnormal drilling conditions such as high temperature, high pressure, corrosive environments etc. with the increase in the deep water drilling activities, the market for premium grade drill pipe is expected to grow higher rate than API drill pipe.

Companies Mentioned:

• Oil Country Tabular Limited
• Exquip International Limited
• Texas Steel Conversion Inc.
• Kingsland Drill International
• Prime Drilling Gmbh
• Gn Shaker Screen Co Ltd
• Petromaterials Usa Inc
• Argus Machine Co. Ltd
• Drill Pipe International Llc.
• Thompson International,Inc.

Report Structure:

1. Market Overview

2. Executive Summary

3. Drill Pipe Market Landscape

4. Drill Pipe Market-Forces

5. Drill Pipe Market-Strategic Analysis

6. Drill Pipe Market-By Type

7. Drill Pipe Market-By Material

8. Drill Pipe Market-By Grade

9. Drill Pipe Market-By Application

10. Drill Pipe Market-By Industry

11. Drill Pipe Market Market-By Geography

12. Drill Pipe Market Market-Entropy

13. Company Profiles

For more information visit http://www.researchandmarkets.com/research/xwmxsf/drill_pipe_market

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SOURCE Research and Markets