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Energy Industry - CRA Manufacturers

Delivered November 1, 2019. Contributor: Syed A.

Goals

To determine public information about OCTG and the volume of pipe produced by CRA manufacturing companies.

Early Findings

  • Nickel-based alloys currently represent 50% of the high-performance alloys market.
  • Dozens of market research reports are available, however, none of them provide the tonnage of corrosion resistant alloys produced/consumed. Examples include Market Watch, Westwood Global Energy Group, Grandview Research, etc.
  • "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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