"While the global oilfield equipment sector continues a gradual recovery, increased drilling activity in sour gas fields and environments with higher levels of CO2 and H2S is supporting heightened growth in both the CRA OCTG and CRA clad & lined pipe sectors."
The tonnage of CRAs required will see a steady growth over the next 4-5 years.
"Europe corrosion resistant alloys market was valued at USD 1.38 billion in 2016 and is expected to ascend at a CAGR of 6.5% from 2017 to 2025. Nickel-based alloys was the largest segment in 2016 and is anticipated to progress at a CAGR of 7.1%."
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