Substantial growth of oil and gas industry in a number of locations worldwide is expected to impact positively on the expansion of clad pipe market during the forecast period of 2020 to 2030. Clad pipes are increasingly used in oil and gas industry owing to their ability to prevent corrosion. Mechanically lined, metallurgical bonded, and weld overlay are some of the product types available in the market for clad pipe. Of them, metallurgical bonded clad pipes are widely used all across the globe.
TMR’s upcoming research report on the clad pipe market provides comprehensive study of vital elements including drivers, challenges, restraints, and expansion opportunities in the market. In addition to this, the study sheds light on competitive landscape and regional analysis of the market for clad pipe during forecast period. Thus, the report works as a helpful guide of the clad pipe market for the in 2020–2030.
The report performs assessment of the global clad pipe market based on various key parameters including type, grade, outer diameter, wall thickness, and region. Depending on wall thickness, the market for clad pipe is classified into 3–6 mm, 6–18 mm, 18–36 mm, 36–60 mm, and 60–120 mm. Of them, the market for clad pipe is experiencing increased demand for products with 3–6 mm wall thickness.
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Global Clad Pipe Market: Growth Dynamics
Clad pipes are gaining traction across oil and gas industry owing to their ability to withstand in extremely corrosive environments. Majority of activities in the offshore oil and gas industry are performed in high pressure and high temperature. The sector is growing the use of clad pipes as these products demonstrate superior corrosion resistivity. Thus, substantial growth in oil and gas industry is likely to fuel the expansion of the clad pipe market in the forthcoming years. Clad pipes are cheaper than their other counterparts such as CRA pipes. This is one of the important factors generating promising sales opportunities in the clad pipe market.
Global Clad Pipe Market: Competitive Analysis
Enterprises operating in the global clad pipe market are executing various strategies to gain upper hand over their competitors. Many vendors are focused on strengthening their production capabilities. Apart from this, they are growing investments to incorporate technologically advanced equipment in their production houses.
Several players in the clad pipe market are entering into partnership and collaboration activities. These moves are helping them to expand their businesses in new regions. Apart from this, many players are engaged in the launch of new products. All these activities are indicative of promising growth of the global clad pipe market in the forthcoming years.
The list of key players in the global clad pipe market includes:
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Global Clad Pipe Market: Regional Assessment
On regional front, the global clad pipe market shows existence in many regions including North America, Europe, Asia Pacific, and rest of the world. Of all regions, the market for clad pipe is foreseen to gather promising expansion opportunities in Europe and Middle East and African countries. One of the important factors attributed to this rapid growth of market for clad pipe is possibility of considerable increase in the number of offshore oil and gas projects in the forthcoming years.
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