Drill Pipe Market-In-Depth Analysis by Size

Global Drill Pipe Market was valued at USD 1.24 Billion in 2021 and is expected to reach USD 1.70 Billion by the year 2028, at a CAGR of 4.6%

Drill pipe is a thick-walled and hollow piping used for transmission of drilling fluid through wellbore to the drill bit during rig drilling operation. Drill pipes are seamless steel pipes and are considered as a component of drill string assembly. Drill pipes are also built to handle high external and internal pressures that drilling fluids exert. It is manufactured, inspected, and tested in compliance with the American Petroleum Institute's standard criteria (API). Drill pipes are classified as E grade, X-95, G-105, and S-135 on their API grade.