Global Clad Pipes Market Analysis by Type, Material, Outer Diameter, Grade, Wall Thickness, Application and Region- Value and Volume forecast
- PUBLISHED ON
- 4/19/2023
- NO OF PAGES
- 275
- CATEGORY
- Machinery & Heavy Industry
The global clad pipe market was valued at USD 2,457.43 million in 2022 and is estimated to grow at a CAGR of 4.4% during the forecast period, while in terms of volume the market was valued at 1245.804 thousand tons in 2022.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 2,457.43 Million |
Market Size in 2022 (Volume) | 884,595 tons |
Market Forecast in 2033 (Value) | USD 3,626.51 Million |
Market Forecast in 2033 (Volume) | 1,245,804.55 Tons |
CAGR % 2023-2033 (Value) | 4.4% |
CAGR % 2023-2033 (Volume) | 3.9% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Grade, Outer diameter, Wall Thickness, Material and Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | BUTTING Group, The Japan Steel Works, LTD , EEW GROUP, Cladtek Holdings Pte Ltd., Inox Tech S.p.A, Crystal Industrial Syndicate Pvt. Limited, Eisenbau Krämer GmbH, Gieminox Tectubi Raccordi S.R.L. , Canadoil Forge Ltd., Zhejiang Jiuli Hi-Tech Metals Co., Ltd., NobelClad, OCTALSTEEL, RELI ENGINEERING, Precision Castparts Corp., SUZHOU WALDUN WELDING CO.,LTD., |
Environmental conditions, growing safety requirements, and project cost pressure have changed the dynamics and demands in the pipeline industry. Clad materials combine the corrosion and/or wear resistance of corrosion resistant alloys, with the high strength and toughness of carbon manganese steels. As a result, there is potential reduction of the total wall thickness as well as the need for CRA material is minimized which leads to significant cost savings of up to 70 percent or more, depending upon wall thickness and grade.
One of the major problems in pipelines in the oil & gas industry is corrosion as it carries oil & gas products along various chemicals and gases that causes corrosion which has compelled major oil & gas companies to opt for the installation of clad pipes as they are economical and corrosion resistant which will drive the clad pipe market during the forecast period.
For instance, according to the World Corrosion Organization, corrosion costs around $2.2 trillion to the global economy, or roughly 3% of the world’s GDP. Additionally, nearly 45 % of the cost of corrosion is around $1 trillion annually which is attributable to the oil, gas and petrochemical industries.
Furthermore, due to higher temperatures, higher pressures, higher corrosion and higher wear, the demand is increasing for materials that can better withstand these environments as operating environments in these industries become increasingly challenging. Thus, it is vital for oil & gas producers to use corrosion-resistant clad pipes in such environments to enable more efficient and most importantly safer operations.
Global Clad Pipe Market Segmentations
Major Companies
- BUTTING Group
- The Japan Steel Works, LTD
- EEW GROUP
- Cladtek Holdings Pte Ltd.
- Inox Tech S.p.A
- Crystal Industrial Syndicate Pvt. Limited
- Eisenbau Krämer GmbH
- Gieminox Tectubi Raccordi S.R.L.
- Canadoil Forge Ltd.
- Zhejiang Jiuli Hi-Tech Metals Co., Ltd.
- NobelClad
- OCTALSTEEL
- RELI ENGINEERING
- Precision Castparts Corp.
- SUZHOU WALDUN WELDING CO.,LTD.
By Type
- Metallurgical Bonded
- Weld Overlay
- Explosion Bonding
- Hot Rolling
- Powder Metallurgy
- Others
- Mechanical Bonded
By Grade
- 316
- 625
- 825
- Others
By Outer Diameter
- 4-12 Inch
- 12-24 Inch
- 24-48 Inch
- 48-60 Inch
- 60-120 Inch
By Wall Thickness
- 3-6 mm
- 6-18 mm
- 18-36 mm
- 36-60 mm
- 60-120 mm
By Material
- Stainless Steels
- Nickel-based Alloys
- Titanium
- Others
Saltwater Pipes
Water Injection Pipelines
Interfield Pipelines
Riser Pipelines
Flow-lines
Power Plants
Marine
Others
By Region
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Colombia
• Rest of South America
Middle East & Africa
• UAE
• Saudi Arabia
• Egypt
• South Africa
• Rest Of MEA
Impact of COVID
The declaration of coronavirus as a global pandemic has dealt a huge blow to the clad pipe market. All markets have come to a halt due to the closure of borders, the suspension of public and private transportation, self-isolation, and quarantine administration in major cities.
The decision to self-isolate has shown to be effective in slowing the spread of the virus, giving optimism that humanity will be able to overcome this global calamity. Recovery of losses made by business owners and important players, on the other hand, may prove more difficult than anticipated. Lockdowns were enacted in cities, provinces, and countries. Businesses (including factories) were shuttered or operated at a reduced capacity.
The Clad Pipe Market was negatively impacted by Covid-19 pandemic due to disruption of supply chain. Major companies suspended their operations in different locations due to the lockdown and social distancing norms. Furthermore, the market was adversely affected due to adverse effect on oil & gas industry which is major end use industry of clad pipes.
For instance, consumption of oil fell by 10% in March and 30% in April, with the International Energy Agency (IEA) forecasting a 6-10% reduction in demand in 2020, translating to a drop of 9.3 Mn barrels per day.
Type Insights
Metallurgical Bonded segment is projected to create a total absolute $ opportunity of USD 1,122.56 million between 2023 to 2033. Metallurgical Bonded segment is expected to expand at CAGR of 4.4% during the forecast period.
Mechanical Bonded segment is projected to create a total absolute $ opportunity of USD 46.53 million between 2023 to 2033. Mechanical Bonded segment is expected to expand at CAGR of 4.1% during the forecast period.
Grade Insights
316 grade segment is projected to create a total absolute $ opportunity of USD 130.07 million between 2023 to 2033. 316 segment is expected to expand at CAGR of 4.4% during the forecast period.
625 grade segment is projected to create a total absolute $ opportunity of USD 692.55 million between 2023 to 2033. 625 segment is expected to expand at CAGR of 3.8% during the forecast period.
825 segment is projected to create a total absolute $ opportunity of USD 94.14 million between 2023 to 2033. 825 segment is expected to expand at CAGR of 4.1% during the forecast period.
Diameter Insights
4-12 Inch segment is projected to create a total absolute $ opportunity of USD 218.83 million between 2023 to 2033. 4-12 Inch segment is expected to expand at CAGR of 4.3% during the forecast period.
12-24 Inch segment is projected to create a total absolute $ opportunity of USD 307.51 million between 2023 to 2033. 12-24 Inch segment is expected to expand at CAGR of 4.5% during the forecast period.
24-48 Inch segment is projected to create a total absolute $ opportunity of USD 249.65 million between 2023 to 2033. 24-48 Inch segment is expected to expand at CAGR of 4.6% during the forecast period.
48-60 Inch segment is projected to create a total absolute $ opportunity of USD 210.34 million between 2023 to 2033. 48-60 Inch segment is expected to expand at CAGR of 4.2% during the forecast period.
Wall Thickness Insights
3-6 mm segment is projected to create a total absolute $ opportunity of USD 207.79 million between 2023 to 2033. 3-6 mm segment is expected to expand at CAGR of 4.4% during the forecast period.
6-18 mm segment is projected to create a total absolute $ opportunity of USD 318.16 million between 2023 to 2033. 6-18 mm segment is expected to expand at CAGR of 4.5% during the forecast period.
18-36 mm segment is projected to create a total absolute $ opportunity of USD 300.40 million between 2023 to 2033. 18-36 mm segment is expected to expand at CAGR of 4.3% during the forecast period.
Material Insights
Stainless Steel segment is projected to create a total absolute $ opportunity of USD 403.22 million between 2023 to 2033. Stainless Steel segment is expected to expand at CAGR of 5.2% during the forecast period.
Nickel-based Alloys segment is projected to create a total absolute $ opportunity of USD 240.87 million between 2023 to 2033. Nickel-based Alloys segment is expected to expand at CAGR of 5.8% during the forecast period.
Application Insights
Interfield Pipelines segment is projected to create a total absolute $ opportunity of USD 64.53 million between 2023 to 2033. Interfield Pipelines segment is expected to expand at CAGR of 4.0% during the forecast period.
Riser Pipelines segment is projected to create a total absolute $ opportunity of USD 334.93 million between 2023 to 2033. Riser Pipelines segment is expected to expand at CAGR of 4.7% during the forecast period.
Flow-lines segment is projected to create a total absolute $ opportunity of USD 60.36 million between 2023 to 2033. Flow-lines segment is expected to expand at CAGR of 4.1% during the forecast period.
Power Plants segment is projected to create a total absolute $ opportunity of USD 154.87 million between 2023 to 2033. Power Plants segment is expected to expand at CAGR of 4.2% during the forecast period.
Regional Insights
North America segment is projected to create a total absolute $ opportunity of USD 110.84 million between 2023 to 2033. North America segment is expected to expand at CAGR of 4.8% during the forecast period.
Europe segment is projected to create a total absolute $ opportunity of USD 107.17 million between 2023 to 2033. Europe segment is expected to expand at CAGR of 4.0% during the forecast period.
Asia Pacific segment is projected to create a total absolute $ opportunity of USD 901.07 million between 2023 to 2033. Asia Pacific segment is expected to expand at CAGR of 4.6% during the forecast period.
Middle East & Africa segment is projected to create a total absolute $ opportunity of USD 34.10 million between 2023 to 2033. Middle East & Africa segment is expected to expand at CAGR of 2.9% during the forecast period.
Competitive Analysis
Some of the key players operating in the market are BUTTING Group, The Japan Steel Works, LTD , EEW GROUP, Cladtek Holdings Pte Ltd., Inox Tech S.p.A, Crystal Industrial Syndicate Pvt. Limited, Eisenbau Krämer GmbH, Gieminox Tectubi Raccordi S.R.L. , Canadoil Forge Ltd., Zhejiang Jiuli Hi-Tech Metals Co., Ltd., NobelClad, OCTALSTEEL, RELI ENGINEERING, Precision Castparts Corp., SUZHOU WALDUN WELDING CO.,LTD.,
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