Clad Pipe Market 2019-2027 with strategic trends growth, demand & future potential of industry

SAN JOSE, Calif. - Feb. 24, 2020 - PRLog -- The overall clad pipe market worldwide is set to grow with a CAGR of more than 5.8% during the forecast period from 2019 to 2027, starting from US$ 2.25 Bn in 2018.

Market Insights

Globally, in the industrial sector there is increasing demand for light weight, strong and corrosion resistant material that would help simplify the working process. Specifically in the oil and gas industry, the clad pipes are highly used to survive the high-pressure and high temperature environment. 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.

Furthermore, rapid development in the oil and gas industry, increasing demand for petrochemical components, growing demand for light weight and corrosion resistant material, and changing manufacturing sector are some of the additional factors 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.

Based on type, metallurgical bonded clad pipes hold the maximum market share in the global clad pipe market. These pipes are highly adopted based on the advantages associated with it. Its features such as small wall thickness, durability and strength, light weight and cost saving material attract the industry users. 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.

Report originally published at Credence Research: https://www.credenceresearch.com/report/clad-pipe-market

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)

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