"Rapid growth in oil and gas industry is driving the growth of clad pipe market"
Globally, the clad pipe market is expected to grow with a CAGR of more than 5.8% during the forecast period from 2019 to 2027, starting from US$2.2 Bn in 2018. Clad pipes are made by welding the pipe with clad material. This process is done mainly to increase the strength of the pipe, reduce corrosion, and achieve maximum cost benefits. The clad pipes are mostly used in oil and gas industry to withstand the high-pressure and high temperature environment. The primary factor associated with increased utilization of clad pipes is concerns regarding corrosion. Most of the manufacturing, oil and gas, and mining industries face corrosion problems, due to the flow of heavy chemicals and gases. This has mainly driven attention of the industries towards clad pipes.
Factors such as growing oil and gas industry, increasing demand for petrochemical components, growing demand for light weight and corrosion resistant material, and changing manufacturing sector are driving the growth of clad pipe market across the globe. However, high cost of these pipes and critical manufacturing process are some of the factors hampering the growth of this market during the forecast period.
Market Synopsis
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"Metallurgical bonded segment dominates the clad pipe market"
Based on type, the market is segmented into metallurgical bonded, mechanically lined, and weld overlay. The metallurgical bonded clad pipes are highly adopted across the globe, hence hold the maximum market share in the global clad pipe market. These pipes have small wall thickness and are strong compared to all other types of clad pipes. Also, the metallurgical bonded clad pipes are light in weight and its manufacturing process cost effective and easy. These advantages make it easy for the manufacturer to make these pipes available for the customer. Additionally, based on its properties, its adoption is also high and thus dominates the market by generating the largest revenue in the global clad pipe market.
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"Europe and Rest of the World to witness a rapid growth in the forecast period"
In the global clad pipe market, North America held the largest market share in 2018. However, Europe and Middle Eastern countries are likely to witness the fastest growth during the forecast period. This high growth is mainly attributed to factors such as growth oil and gas industry, increasing demand for petrochemical substances, increasing amount of offshore activities, and growing investment in development and advancement of manufacturing processes. Moreover, major players in the oil and gas industry are investing in some of the European countries and other countries such as China, South Africa, and UAE. This increasing investment also drives the market for clad pipes in these regions. The developing countries offer lucrative growth opportunities for offshore activities, hence are suitable for players to invest.
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Some of the prominent players operating in the clad pipe market include 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.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The clad pipe market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global clad pipe market based on type, grade, outer diameter, wall thickness, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Type Segment (2017–2027; US$ Bn)
• Metallurgical Bonded
• Mechanically Lined
• Weld Overlay
|
|
Grade Segment (2017–2027; US$ Bn)
• 316
• 625
• 825
• Others
|
|
Outer Diameter Segment (2017–2027; US$ Bn)
• 4-12 Inch
• 12-24 Inch
• 24-48 Inch
• 48-60 Inch
• 60-120 Inch
|
|
Wall Thickness Segment (2017–2027; US$ Bn)
• 3-6 mm
• 6-18 mm
• 18-36 mm
• 36-60 mm
• 60-120 mm
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S, Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of clad pipe in 2018 and forecast up to 2027?
- Which is the largest regional market for services segment?
- What are the major trends followed in clad pipe market across different regions?
- Who are the key clad pipe companies leading the market?
- What are the key strategies adopted by the leading clad pipe companies in market?
Unique data points of this report
- Statistics on clad pipe penetration and spending worldwide
- Recent trends across different regions in terms of adoption of clad pipe for various applications
- Notable developments going on in clad pipe industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
