The Global Clad Pipe Market is valued at USD 2457.42 million in 2022 and is projected to be valued at USD 3460.41 million in 2030 expanding at a significant CAGR of 4.4% over the forecast period of 2022-2030.
Global Clad Pipe Market- Overview
Clad Pipe is defined as a steel pipe that has a metallurgically bonded corrosion-resistant alloy layer on its internal or external surface.
The base material of these pipes is carbon steel or low alloy steel. These comply with the most stringent requirements of strength and corrosion resistance.
Also, the carbon steel outer pipe or the backing steel or base metal complies with the static requirements of strength and durability and the high alloyed inside pipe provides protection against corrosion.
More and more pipelines are operated under highly corrosive conditions because of which the use of CRA cladded pipe is increasing in the pipeline industry, especially in offshore areas.
The cladding is mainly done by an explosive bonding process or by the welding of clad material on a pipe.
Download a Free Sample Copy of clad pipe Market @ https://wemarketresearch.com/sample-request/clad-pipe-market/130/
Global Clad Pipe Market- Key Trends
Growing Product Adoption In The Oil & Gas Sector Industry To Aid Market Expansion
There has been a widespread utilization of clad pipes in the oil & gas sector. The pipelines in this sector are highly prone to corrosion since they carry toxic chemicals along with oil & gas products. This in turn has increased the demand for clad pipes owing to the durability, strength, anti-corrosion nature. These factors are bolstering the growth of this market vertical.
Rise In Wastewater Treatment Activities To Add Traction To Industry Development
With surging instances of water pollutions, there has been a steep rise in the number of wastewater treatment activities across the globe. The clad pipes are predominantly used to transport wastewater from industries to the treatment units due to their durable and non-reactive nature. This in turn is contributing to the overall expansion of this market.
Segmental Analysis of the Market
Based on type
Metallurgical bonded
- Weld Overlay
- Explosion bonding
- Hot rolling
- Powder metallurgy
- Others
Mechanical bonding
Based on Grade
- 316
- 625
- 825
- Others
Based on Outer Diameter
- 4-12 inch
- 12-24 inch
- 24-48 inch
- 48-60 inch
- 60-120 inch
Based on Wall Thickness
- 3-6mm
- 6-18mm
- 18-36mm
- 36-60mm
- 60-120mm
Based on Material
- Stainless steel
- Nickel-based alloys
- Titanium
- Others
Based on Application
- Saltwater pipes
- Water injection pipelines
- Interfiled pipelines
- Riser pipelines
- Flow-lines
- Power plants
- Marine
- Others
Geographical Analysis
The global cad pipes market is segmented into fine main regions namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Among these, North America has dominated the market growth over the forecast period. This is because of the presence of manufacturers and also high investments in the oil and gas industry, which has a huge impact on the market growth.
Competitive Landscape
Some of the prominent companies operating in the market are NobelClad, Japan Steel Works, Proclad, Tenaris SA, Inox Tech, Eisenbau Krämer, IODS Pipe Clad Ltd, EEW Group, BUTTING Group, Gieminox Tectubi Raccordi S.R.L., Cladtek Holdings Pte Ltd, Canadoil Group Ltd, Guangzhou Pearl River Petroleum Steel Pipe, Precision Castparts Corp, and Jiuli Group among others.
For More Details, Visit Our Report Page: https://wemarketresearch.com/reports/clad-pipe-market/130/
Major questions answered in this report
- What is the growth rate of the global cad pipes market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the market
- The global cad pipes market is projected to expand at a CAGR of 4.4% over the forecast period of 2022-2030.
- The substantial growth of the oil and gas industry is aiding market progression.
- North America has dominated the regional segment of the market.
About We Market Research
We Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. We Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: [email protected]
