Global Drill Pipes Market report published by Accurize Market Research forecast that the global market is expected to reach $2 billion by 2025; growing at a CAGR of 2.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Improvements in drilling technology and increment in sophisticated technologies for the production of unconventional resources drive the market

Improvements in drilling technology and incrementing sophisticated technologies for the production of unconventional resources fuel the demand for the global drill pipes market. Furthermore, the presence of vast unconventional onshore resources in several countries also boosts the growth of the market.

Market Segmentation

The global drill pipes market has been bifurcated on the basis of grade, application, and geography. By grade, the market is classified into premium grade and API grade. Further, the application segment is bifurcated into offshore, and onshore. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

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Top players in the market

The key market players include Oil Country Tubular Limited, Tejas Tubular Products, Inc., Texas Steel Conversion Inc., HILONG GROUP OF COMPANIES, DP-Master Manufacturing (S) Pte Ltd., National Oilwell Varco, Tenaris, VALLOUREC, TMK Group, and DRILL PIPE INTERNATIONAL, LLC, among others.