Clad pipes are special corrosion-resistant pipes made by bonding carbon steel pipes with corrosion resistant alloys (CRAs) to withstand highly corrosive environments. They are mostly used in the offshore oil & gas industry in high temperature and high pressure conditions as they exhibit high corrosion resistivity. Clad pipes are generally made by bonding a parent metal pipe, which is generally carbon steel, and a CRA metal pipe made of copper and nickel alloys.
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The global clad pipe market is estimated to register a CAGR of 5.6% during 2018-2028. Middle East and Africa, Western Europe and South East Asia & Pacific clad pipe markets are estimated to account for significant value shares by the end of the forecast period.
Safeguarding pipelines from highly-corrosive marine environments and the relatively economic pricing of clad pipes as compared to other CRA pipes is the primary driver for the global clad pipe global market. The clad pipe market is expected to create an incremental $ opportunity worth nearly US$ 3454.4 Mn during the forecast period, expanding with a CAGR of 5.6%.
Global sales of clad pipes is estimated to be valued at US$ 2,000.3 Mn by the end of 2018 and is expected to register a CAGR of 5.6% over the forecast period. Middle East and Africa, Western Europe and South East Asia & Pacific regions are expected to account for the lion’s share of the global clad pipe market by the end of 2028 and are expected to retain their positions as market leaders during the forecast period.
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Global Clad Pipe Market Forecast
On the basis of type, the metallurgical bonded segment is estimated to dominate the clad pipe market over the forecast period while the mechanically lined clad pipe segment is estimated to register the highest growth. Among the grade segments, the 316 grade clad pipe market segment is expected to remain dominant in terms of market share. On the basis of outer diameter, the 4-12 inch segment is estimated to have the highest market share and exhibit the highest growth rate.
Western Europe and Middle East & Africa (MEA) regions are estimated to drive the global clad pipe market growth, owing to the large number of offshore activities in these regions. Eastern Europe, China and South East Asia & Pacific regions along with Western Europe and MEA are estimated to register the highest growth in the clad pipe market over the forecast period due to the increased spending by major oil & gas players in these regions. Japan is estimated to witness the least growth in the clad pipe market over the forecast period as there are no major oil & gas developments in the region.
Competitive Landscape
Some of the key market participants included in this study of the global clad pipe market are The Japan Steel Works, Ltd, NobelClad, Proclad, Inox Tech, Tenaris SA, Eisenbau Krämer GmbH, EEW Group, IODS Pipe Clad Ltd, BUTTING Group, Cladtek Holdings Pte Ltd, Gieminox Tectubi Raccordi S.R.L., Canadoil Group Ltd, Jiuli Group, Precision Castparts Corp and Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd.
By Segmentation:
On the basis of pipe type, the global clad pipe market has been segmented into
Metallurgical Bonded, Mechanically Lined, Weld Overlay,
On the basis of grade, the global clad pipe market has been segmented into
316, 625, 825, Others.
On the basis of outer diameter, the global clad pipe market has been segmented into
4-12 Inch, 12-24 Inch, 24-48 Inch, 48-60 Inch, 60-120 Inch.
On the basis of wall thickness, the global clad pipe market has been segmented into
3-6 mm, 6-18 mm, 18-36 mm, 36-60 mm, 60-120 mm.
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Global Clad Pipe Market Dynamics
Corrosion is one of the major problems affecting the efficiency of oil & gas and other petrochemical pipeline operations. According to a report by the World Corrosion Organization, corrosion costs account for an estimated US$ 2.5 Trillion worldwide, which is almost 4% of the GDP of industrialized countries. Out of which, 45% is spent in oil & gas and petrochemical sectors, which accounts to almost US$ 1 Trillion. With towering corrosion costs and interruptions caused due to leaks, maintenance and turnarounds, the clad pipe market is expected to witness great demand over the forecast period.