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U.S. Drill Pipe Market Growing at 8.1% CAGR to 2019

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North America had the largest share in the global drill pipe market in 2013. In North America, U.S. is the largest market which will continue to influence the drill pipe industry. Within Europe, Russia is the leading player due to exploration and production activities in abundant oil & gas reserves. Mexico is the largest market for drill pipe in Latin America due to the large oil& gas resources. Within Asia-Pacific, the largest market share is occupied by China due to the recent developments in the shale gas production.

The U.S. drill pipe market is driven by the major oil & gas exploration activities in major onshore areas, the Gulf of Mexico, and Alaska. The U.S. has experienced a rapid increase in natural gas and oil production from shale and other resources. High drilling efficiency and new well-productivity, along with an increase in the rig count, have been the main drivers of the recent production growth in the U.S. The recent boom in shale gas could also promote a rapid expansion of the petrochemical sector.

 The U.S. recorded the highest market size at a value of $490.2 million in 2013. It is expected to reach $828.2 million by 2019, from an estimated value of $560.3 million in 2014, at a CAGR of 8.1% during the forecast period.

 Complete report is available at http://www.reportsnreports.com/reports/297411-drill-pipe-market-by-grade-api-premium-application-onshore-offshore-geography-global-trends-forecasts-to-2019.html .

 Drill pipes are required for drilling activities in order to transmit the torque generated by the rotary table to the drill bit, and also to provide a conduit for the drilling fluids to travel between the surface and the bottom hole. The increasing shale gas exploration and production activities along with deepwater and ultra-deepwater drilling across the globe are the key drivers for the growth of the drill pipe market. With the growing energy demand and proven domestic oil & gas reserves, many countries are now increasing their exploration & production activities. Collectively, these developments will result in the market witnessing a higher growth rate in the demand for drill pipes.

 Companies profiled in drill pipe market research include DP Master (China), Hilong Group (China), Jiangyin Long-Bright Drill Pipe Manufacture Co. Ltd. (China), National Oilwell Varco (U.S.), Oil Country Tubular Ltd. (India), Tejas Tubular (U.S.), Tenaris (Luxembourg), Texas Steel Conversion, Inc. (U.S.), TMK Group (Russia), and Vallourec (France). This is a premium research report priced at US$ 4650. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=297411 .

 List of Figures for “Drill Pipe Market by Grade (API, Premium), Application (Onshore, Offshore), & Geography - Global Trends & Forecasts to 2019” research report includes:

Figure 1 Research Methodology

Figure 2 Data Triangulation Methodology

Figure 3 Drill Pipe Market Share (Value), By Geography, 2013

Figure 4 Shale Gas Resource Market Share (Volume), By Country, 2013

Figure 5 Oil Prices: 2004-2013

Figure 6 Value Chain Analysis of the Drill Pipe Market

Figure 7 Porter's Five Forces Analysis

Figure 8 Global Drill Pipe Market, By Grade, 2013

Figure 9 Global Drill Pipe Market Size (Value), By Grade, 2013

Figure 10 Global Drill Pipe Market Share (Value), By Application, 2013

Figure 11 Drill Pipe Market Share (Volume), By Geography, 2013

Figure 12 North America: Drill Pipe Market Share (Value), By Country, 2013

Figure 13 Latin America: Drill Pipe Market Share (Value), By Country, 2013

Figure 14 Europe Drill Pipe Market Share (Value), By Country, 2013

Figure 15 Asia-Pacific Drill Pipe Market Share (Value), By Country, 2013

Figure 16 Middle East Drill Pipe Market Share (Value), By Country, 2013

Figure 17 Africa Drill Pipe Market Share (Value), By Country, 2013

Figure 18 Drill Pipe Market Development Share, By Growth Strategy2011-2014

Figure 19 Market Share Analyses, By Company, 2013

Figure 20 Annual Contracts & Agreements Analysis, 2011-2014

Figure 21 Annual Mergers & Acquisitions Analysis, 2011-2014

Figure 22 Annual Business Expansions Analysis, 2011-2014

Figure 23 Annual New Product Launch Analysis, 2011-2014

Figure 24 Hilong Group:SWOT Analysis

Figure 25 National Oilwell Varco:SWOT Analysis

Figure 26 Tenaris S.A.: SWOT Analysis

Figure 27 TMK: SWOT Analysis

Figure 28 Vallourec: SWOT Analysis

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