Global Clad Plate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Clad Plate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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. The clad plate is produced by bonding two or more metals together into a single steel sheet or plate. Depending on specific requirements, various cladding or backing materials such as a specialty metal, like copper or stainless steel, can be roll or fusion bonded to a base metal, such as carbon steel or low alloy steel, to produce a metallurgical-bonded clad.

Market Overview:

The latest research study on the global Clad Plate market finds that the global Clad Plate market reached a value of USD 1626.93 million in 2022. It’s expected that the market will achieve USD 2074.9 million by 2028, exhibiting a CAGR of 4.14% during the forecast period.

Clad Plate Industry Trends

With the continuous progress of global equipment manufacturing technology and the development of the chemical industry, the application fields of Clad Plate will continue to expand. For example, the cost of titanium steel composite plate is slightly lower than the price of titanium plate. Metal Clad Plate is currently mainly used in chemical, power, metallurgy, environmental protection and other industries, and there are many areas to be developed. With the continuous development of application scenarios, the market demand for metal composite materials is also expanding day by day, and the market space is broad. For example: nuclear spent fuel processing, nuclear power, molten salt reactor power generation, artificial solar, hydrogen energy and other emerging industries; traditional energy industries such as LNG and petroleum ships; composite panels for aerospace (satellites, aircraft, naval vessels); composite materials for civil life ; Composite materials for electronic polysilicon; composite materials for oil pipelines; high-quality and high-reliability composite materials for explosive composites instead of surfacing welding; aluminum/titanium/steel connectors in the civil shipbuilding industry; marine engineering equipment and platforms; new technologies for special-shaped link materials Application industry.
Nowadays, coal coking, coal gasification, synthetic ammonia, and chemical fertilizers have become important coal chemical industries and have been continuously and rapidly developed. The introduction and development of coal chemical industry technologies such as methanol to olefins and coal to oil have accelerated the speed of industrialization. For the coal coking industry, because pipelines and equipment have been exposed to high temperature and corrosive environment for a long time, equipment corrosion is serious. The service life will be greatly reduced. Therefore, improving the corrosion resistance of the equipment, extending the service life of the equipment, and reducing the production cost of the enterprise are important means to improve the competitiveness of the enterprise. The demand for downstream applications of Clad Plate will increase.

Clad Plate Growth Drivers

Metal Clad Plate is a composite material formed by metallurgical bonding of metals with different properties at the interface using various composite technologies. Through appropriate material selection and reasonable structural design, metal Clad Plate can greatly improve the thermal expansion, strength, toughness, wear resistance, corrosion resistance, electrical properties, magnetic properties and many other properties of a single metal material, so it is widely used. It is widely used in petroleum, chemical, shipbuilding, metallurgy, electric power, water conservancy, transportation, environmental protection, food, pharmaceutical and other industrial fields. With the continuous advancement of industrial development technology, the production environment requirements are becoming more and more stringent, and the requirements for participating metal materials will also become higher and higher, which will further promote the demand for Clad Plate.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview

Voestalpine is one of the major players operating in the Clad Plate market, holding a share of 11.96% in 2021.

Voestalpine

The company is active in steel, automotive, railway systems, profilform and tool steel industries.

TISCO has formed a high-efficiency, energy-saving and long-life steel product cluster based on stainless steel, cold-rolled silicon steel, and high-strength series steels. Stainless steel products cover the full range of strip type line tubes, ultra-wide, ultra-thick and ultra-thin limit specifications, high-precision tip steel, shredded steel, nuclear power steel, railway steel, duplex stainless steel, high-grade silicon steel for new energy vehicles, etc. The products are well-known at home and abroad.

Segmentation Overview:

Among different product types, Explosion Bonded Clad Plate segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Oil and Gas segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Clad Plate market covered in Chapter 3:

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Clad Plate market from 2018 to 2029 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 market from 2018 to 2029 covers:

Oil and Gas
Chemical Industry
Water Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)