Global Clad Plate Used For Pressure Vessels Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Clad Plate Used For Pressure Vessels Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

The clad plate is a multi-layer plate that combines a carbon or low alloy steel plate (backing or backer) with a thin layer of corrosion-resistant grade (cladding or clad). Clad plate combines the high mechanical properties of the backing and the high corrosion resistance of the cladding. Clad Plate Used for Pressure Vessels are generally used in highly hazardous environments such as the petrochemical industry. They must withstand pressure and the working media are almost all highly corrosive substances. The manufacturing process of clad plate is strictly required.

Market Overview:

The latest research study on the global Clad Plate Used For Pressure Vessels market finds that the global Clad Plate Used For Pressure Vessels market reached a value of USD 1006.4 million in 2023. It’s expected that the market will achieve USD 1327.77 million by 2029, exhibiting a CAGR of 4.73% during the forecast period.

Downstream applications continue to expand

With the acceleration of industrialization, pressure vessels have been widely used in chemical, petroleum, metallurgy, electric power and other industries. The Clad Plate Used for Pressure Vessels industry has naturally become an important industry. Clad Plate Used for Pressure Vessels has the characteristics of high strength, good corrosion resistance, heat resistance, and fatigue resistance, so it is widely used in various fields.

As countries around the world become increasingly strict in terms of environmental protection and production safety, the application scope of pressure vessels will become even wider. At present, petrochemical, chemical, electric power and other industries have gradually paid attention to the safety and environmental protection of pressure vessels. In the future, pressure vessels will be widely used to store dangerous goods such as liquid ammonia, liquid oxygen, and hydrogen, which will bring new development opportunities to the pressure vessel steel plate market. In addition, the supporting policies of various countries for emerging markets such as new energy vehicles, aerospace, and rail transportation will also bring development opportunities to the pressure vessel steel plate market. Emerging industries such as new energy vehicles, aerospace, and rail transportation require a large number of pressure vessels. As the core material of pressure vessels, pressure vessel steel plates will continue to increase in demand. At the same time, these emerging markets have high environmental requirements for pressure vessels, which will also promote technological innovation and product upgrades in the pressure vessel steel plate industry.

Region Overview:

In 2022, the share of the Clad Plate Used For Pressure Vessels market in China stood at 33.62%.

Company Overview:

Voestalpine is one of the major players operating in the Clad Plate Used For Pressure Vessels market, holding a share of 15.17% in 2023.

Segmentation Overview:

Among different product types, Explosion Bonded Clad Plate segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Boilers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Clad Plate Used For Pressure Vessels market covered in Chapter 3:

Industeel
AMETEK Specialty Metal Products
Dalian Shipbuilding
Western Metal Materials
Nippon Steel
TISCO
JSW
Jiangsu Debei
Nanjing Baotai
Xian Tianli
JFE
Nobelclad
Dillinger 
Voestalpine
Sichuan Jinglei

In Chapter 4 and Chapter 14.2, on the basis of types, the Clad Plate Used For Pressure Vessels market from 2019 to 2030 is primarily split into:

Explosion Bonded Clad Plate
Roll Bonded Clad Plate
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Clad Plate Used For Pressure Vessels market from 2019 to 2030 covers:

Boilers
Reactor
Storage tank
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)