Clad Pipe Market is Estimated to Register a CAGR of 5.6% During 2018-2028

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.

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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.

Future Market Insights (FMI) delivers key insights on the global clad pipe market in a new report. The long-term outlook of the global clad pipe market is expected to remain positive with the clad pipe market value expected to increase at a CAGR of 5.6% during the forecast period. In the clad pipe report, average volume per year has been expressed in volume (Tons). Among the clad pipe segments by type, the metallurgical bonded clad pipe segment is expected to register robust growth over the forecast period.

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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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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.

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