The Future of Corrosion Resistant Alloys Report (December Release)
£15,000.00 – £20,000.00
In partnership with Fastmarkets MB (formerly Metal Bulletin Research), Westwood’s new The Future of Corrosion Resistant Alloys (CRA) Report has been released at a time of renewed uncertainty in the oil markets. Despite this, a strong backlog of potential projects, most notably in the Middle East, is driving increased demand for CRA OCTG and clad & lined pipe.
Latest Westwood and Fastmarkets MB CRA report forecasts increases in tonnage and grades
In partnership with Fastmarkets MB, Westwood’s latest Corrosion Resistant Alloys (CRA) Service provides unique insight into the CRA sector within both OCTG and linepipe markets. 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.
On the OCTG side, austenitic grades look placed to take market share, with cladded and lined pipes becoming the material of choice in linepipe projects on a global basis, taking share from solid CRA. The Middle East is also expected to remain the largest consuming region worldwide in this market, driven by expanding investment in sulphur exports from key regional producers and the high volume Barzan development.
The Corrosion Resistant Alloys (CRA) Report, provides a five year strategic outlook for comprehensive market demand, supply and pricing analysis of the global corrosion resistant alloys markets.
Total CRA Demand Outlook: OCTG and Clad & Lined Pipe (December Release) / Source: Westwood Global Energy, Fastmarkets MB
Key Conclusions from the December release:
Despite current volatility in oil prices, Westwood Global Energy Group and Fastmarkets MB are forecasting a significant increase in the tonnage of Chromium and CRA OCTG grades required globally over the next few years.
In particular, we have revised demand significantly higher in the Middle East. Here, we are expecting to see increased drilling in sour geological reservoirs by influential National Oil Companies.
Globally, we have ramped up the number of prospective offshore fields that could use alloy grades of OCTG and linepipe.
As the supply chain to deliver higher tonnages of these pipe grades becomes ever tighter, mill lead times are increasing.
The team notes upward revisions for many of the longer-term alloy price forecasts – notably in the 13Cr OCTG grades.
Users of the CRA Report can effectively plan strategies, monitor market trends, support business cases and mitigate risk via a comprehensive five-year granular demand outlook which highlights the supply and pricing analysis of the global corrosion resistant alloys market, further breaking down austenitic and martensitic grade requirements. Users also benefit from a list of upcoming oil and gas projects as well as prospects along with estimates of material requirements.
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In partnership with Fastmarkets, Westwood’s latest update of The Future of Corrosion Resistant Alloys (CRA) Service has been released at a time of elevated tendering activity within the sector, despite continued uncertainty in the broader oil markets. A strong backlog of potential projects, investment in new manufacturing capacity and renewed pricing pressure in key grades factor into the evolution of the industry against a backdrop of increased demand, both for CRA OCTG and CRA line pipe.
In partnership with Metal Bulletin Research, Westwood’s new The Future of Corrosion Resistant Alloys (CRA) Report has been released and while the revival of the oil and gas markets develops, drilling is picking-up in environments with higher levels of CO2 and H2S, driving increased demand for CRA OCTG and clad & lined pipe.