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Research Outline
Prepared for Frederick N. | Delivered October 26, 2019
Energy Industry - CRA Manufacturers
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Goals
To understand the steel pipe manufacturers that make Corrosion Resistant Alloy (CRA) which is also referred to as
Chrome 13, Chrome 25, and Inconel
. For each company, information on size of the company and tonnage of pipes produced annually is desired.
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Early Findings
Corrosion Resistant Alloy Market Analysis
According to a report by Grand View Research, the global CRA market is expected to be valued at
$9.64 billion
by 2025.
CRA alloys are a combination of various metals
s
o
a
s
t
o
provide
long-term corrosion resistance
to components that are exposed to harsh environmental conditions.
Metals used in the manufacture of CRA alloys include
chromium, cobalt, nickel, iron
, titanium, and molybdenum. These metals are
combined in varying proportions
to make the alloy depending on the end-user industry.
The European CRA market was valued at
$1.38 billion
in 2016 and it was expected to grow at a CAGR of
6.5%
from 2017 to 2025.
In 2016,
nickel-based alloys
was the largest segment of the market and this segment was anticipated to grow at a CAGR of
7.1%
.
The global demand for
cobalt-based alloys
was valued at
$377.8 million
in 2016. This demand was expected to
experience moderate growth
over the next 8 years.
According to the above report, key players in the global CRA alloys market include
Corrosion Resistant Alloys
, L.
P
, Haynes International, Inc.,
Nippon Steel &
S
u
m
i
t
o
m
o
Metal
Corp, Mitsubishi Materials Trading Corporation,
Special Metals Corporation
, and Hitachi Metals MMC
S
u
p
e
r
a
l
l
o
y
, Ltd.
According to
T
e
c
h
n
a
v
i
o
, companies in the global CRA alloys market include AMG
Advanced Metallurgical Group
, CRS Holdings,
E
r
a
m
e
t
,
Haynes International
,
Nippon Steel &
S
u
m
i
t
o
m
o
Metal Corporation, and
Nippon
Y
a
k
i
n
K
o
g
y
o
.
According to another report by Transparency Market Research, key players in the CRA alloys market include
Special Metals Corporation
, Nippon Steel &
S
u
m
i
t
o
m
o
Metal Corp,
Corrosion Resistant Alloys, L.
P
, Advanced Metallurgical Group, Hitachi Metals MMC
S
u
p
e
r
a
l
l
o
y
, Ltd, and
Haynes International
.
Companies in the Global CRA Alloys Market
1. Tenaris
Tenaris is a company that manufactures
steel pipe products
for the oil and gas industry.
The company's steel pipe products includes
CRA alloys
.
In 2018,
T
e
n
a
r
i
s
had an annual revenue of
$7.659 billion
.
Additionally, in 2018, the company manufactured a total of
2.694 million tonnes
of seamless pipes and 877,000 tonnes of welded pipes.
2. Hitachi Metals MMC
S
u
p
e
r
a
l
l
o
y
, Ltd
Hitachi Metals's product portfolio includes
CRA alloys.
In 2017, Hitachi Metals had an annual revenue of
¥988.3 billion
($9.09 billion).
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