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.
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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
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.
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.
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