Pipe Coatings Market Size, Share, Growth Analysis, By Type (Concrete Coatings, Fusion Bonded Epoxy Coatings, Bituminous Coatings, Thermoplastic Polymer Coatings), By By Surface(Internal Surface,  External Surface), By By Form(Powder Coatings, Liquid Coatings), By By End Use(Oil And Gas Industry, Water And Wastewater Treatment, Chemical Processing, Mining), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2533 | Region: Global | Published Date: May, 2024
Pages: 184 |Tables: 125 |Figures: 69

Pipe Coatings Market Insights

Global Pipe Coating Market size was valued at USD 9.8 billion in 2022 and is poised to grow from USD 10.29 billion in 2023 to USD 14.43 billion by 2031, growing at a CAGR of 4.96% in the forecast period (2024-2031).

Increasing investments in infrastructure projects, particularly in sectors such as oil and gas, water and wastewater, and chemicals, drive the demand for pipe coatings. Infrastructure expansion initiatives, urbanization, and industrialization contribute to the growth of the market. Advances in coating technologies, formulations, and application methods enhance the performance, durability, and efficiency of pipe coatings. Innovations such as nano-coatings, smart coatings, and environmentally friendly formulations drive market growth by offering improved protection and efficiency. Moreover, the coatings having a longer life and better protective properties are chosen for the pipelines. The major factors driving the market's growth are the upsurge in shale oil and gas production in North America, growing infrastructure and industrialization in Asia-Pacific, a rise in irrigation and agricultural activities in Southeast Asia, and rising demand for energy in Europe. On the flip side, plunging oil prices due to oversupply, operational challenges in newly discovered energy reserves, and competition from renewable energy substitutes are the restraints hampering the growth of the studied market.

Overall, the global pipe coating market is poised for continued growth, driven by ongoing infrastructure development projects, increasing demand for corrosion-resistant coatings, and advancements in coating technologies. Focus areas include environmentally sustainable coatings, digitalization and automation, asset integrity management, and regulatory compliance. The global pipe coating market is characterized by its resilience, innovation, and strategic importance in supporting critical infrastructure needs across industries worldwide.

Market snapshot - 2024-2031

Global Market Size

USD 9.8 billion

Largest Segment

Oil and Gas Industry

Fastest Growth

Oil and Gas Industry

Growth Rate

4.96% CAGR

Global Pipe Coating Market ($Bn)
Country Share for North America Region (%)

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Pipe Coatings Market Segmental Analysis

Based on the surface, the pipe coating market is divided into two categories - internal surface coatings and external surface coatings. Based on form, the pipe coating market is divided into powder coatings and liquid coatings. Based on type, the pipe coating market is segmented into thermoplastic polymer coatings, fusion bonded epoxy (FBE) coatings, concrete coatings, coal tar enamel, asphalt enamel, vinyl ester-based metal coatings, and others. Thermoplastic polymer coatings can be further segmented into polyethylene (PE) coatings, polypropylene coatings, and polyurethane coatings. Based on end use, the pipe coating market is segmented into the oil and gas industry, water and wastewater treatment, chemical processing, mining, agriculture, infrastructure, and others. The oil and gas industry segment is further divided into upstream, midstream, and downstream segments of the petroleum industry. Based on region Pipe coating market is segmented into North America, Asia Pacific region, Europe, Middle East Asia

Analysis By Type

The pipe coating market is segmented based on the type of coating used. The segments include fusion bonded epoxy, metallic coatings, concrete coatings, and thermoplastic polymer coatings. In the global pipe coating market, the dominant segment by type is fusion-bonded epoxy (FBE) coatings. FBE coatings provide excellent corrosion protection to pipelines, making them highly effective in extending the lifespan of pipelines. They form a strong, durable barrier that shields the pipe surface from corrosive elements such as moisture, chemicals, and soil. FBE coatings are suitable for various types of pipelines, including steel, ductile iron, and concrete. They are used in a wide range of industries, including oil and gas, water and wastewater, and chemical processing, for both new construction and rehabilitation projects. It has a long history of proven performance in the pipeline industry. They have been extensively tested and used worldwide, demonstrating their reliability and effectiveness in protecting pipelines from corrosion-induced damage.

The fastest-growing segment in the global pipe coating market by type is often the thermoplastic coatings segment, with polyethylene (PE) and polypropylene (PP) coatings leading the way. Thermoplastic coatings, particularly polyethylene and polypropylene coatings, are witnessing increasing demand across a wide range of industries, including oil and gas, water and wastewater, and chemical processing. Their versatility and excellent performance characteristics make them suitable for diverse applications in pipeline construction and maintenance.

Analysis By Form

The market for pipe coating can be divided into two segments: liquid and powder.

In the global pipe coating market, the dominant segment by form is often the powder coating segment. Powder coatings offer excellent corrosion protection properties, making them highly effective in extending the lifespan of pipelines. They create a durable barrier that shields the pipe surface from corrosive elements such as moisture, chemicals, and abrasion, thereby minimizing the risk of degradation and failure. Powder coatings can be applied uniformly to the surface of pipes, ensuring consistent coverage and thickness. This uniformity is crucial for providing reliable protection against corrosion and maintaining the integrity of the pipeline over its operational lifespan.

The global pipe coating market's fastest-growing segment by form is often the liquid coatings segment, particularly the polyurethane and polyethylene liquid coatings subsegments. Polyurethane coatings offer exceptional resistance to chemicals, making them suitable for pipelines transporting corrosive substances such as acids, alkalis, and solvents. Polyurethane coatings exhibit flexibility and elasticity, allowing them to withstand thermal expansion and contraction, ground movement, and mechanical stresses without cracking or delamination. The liquid segment is expected to grow at the highest Compound Annual Growth Rate (CAGR). The government has enforced strict regulations on Volatile Organic Compounds (VOC) which has increased the demand for more advanced and eco-friendly products such as liquid-based coatings. This has, in turn, led to an expansion of the process pipe coating industry. Additionally, the government's emphasis on upgrading sewer lines and potable water facilities has become another driving force for the growth of this industry.

Analysis By End Use

The pipe coating industry comprises various sectors, including chemical processing, marine, water and waste management, as well as the oil and gas industry. The oil and gas industry holds the largest share of the market. In this industry, pipes are required for offshore and onshore petroleum production and refineries. Upstream, midstream, and downstream pipes are needed in the petroleum field, leading to a greater demand for pipe coating. The oil and gas industry relies heavily on extensive pipeline infrastructure for the transportation of crude oil, natural gas, and refined petroleum products. These pipelines traverse vast distances, both onshore and offshore, connecting production sites, refineries, storage facilities, and distribution networks.

In the global pipe coating market, one of the fastest-growing segments in terms of end users is the water and wastewater sector. Many regions around the world are investing in upgrading and expanding their water and wastewater infrastructure to meet the growing demand for clean water and sanitation services. This includes the construction of new pipelines for water distribution, wastewater collection, and treatment facilities. In developed countries, much of the existing water and wastewater infrastructure is aging and in need of repair or replacement. Pipe coatings play a crucial role in extending the lifespan of these pipelines by providing corrosion protection and preventing leaks and failures.

Analysis by Region

Asia Pacific is a rapidly growing region for the pipe coating market, driven by infrastructure development, urbanization, and industrialization. Countries like China, India, and Southeast Asian nations are witnessing significant investments in pipeline construction projects across various industries.

North America: North America has a mature pipe coating market driven by the presence of established industries such as oil and gas, water and wastewater, and construction. The region experiences steady demand for pipe coatings due to ongoing infrastructure projects, pipeline maintenance activities, and regulatory compliance requirements.

Europe has a well-established pipe coating market, supported by robust industrial and infrastructure sectors. The region's demand for pipe coatings is driven by pipeline expansion projects, rehabilitation of aging infrastructure, and regulatory compliance initiatives.

The Middle East and Africa region have a significant demand for pipe coatings driven by oil and gas production, water infrastructure projects, and industrial development. Countries like Saudi Arabia, UAE, and South Africa are key markets for pipe coatings.

Global Pipe Coating Market By End Use ($Bn)

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Pipe Coatings Market Regional Insights

North America has often been considered one of the dominant regions in the global pipe coating market is expected to experience significant growth soon, thanks to the rapid expansion of the oil and gas industry. The increased production of oil from the Permian and Delaware Basins has led to a rise in demand for new pipelines, as well as the expansion of existing ones, that connect the Gulf Coast Refineries. Companies prefer pipelines over trucking because they are more cost-effective and allow them to cut losses. Furthermore, the pipe coating industry is expected to see a positive impact due to the recently installed pipelines worth US$ 86 billion in Alaska and British Columbia (Canada). This is expected to increase the demand for pipe coatings to prevent corrosion.

The Asia-Pacific region is currently fastest growing region in the pipe coating the market as an increasing amount of government spending is being directed towards new pipelines for the water and water treatment industry in the region. The demand for this market is driven by the growing need for pipeline infrastructure from various industries such as oil and gas, chemical, mining, water and wastewater, agriculture, and construction. Specifically, in Asia-Pacific, countries such as India, Indonesia, China, Vietnam, and Singapore are experiencing strong growth in the construction sector, which is leading to an increased demand for construction pipes in the region. In addition to this, Water treatment facilities have been increasing in the region due to a variety of factors including growing environmental regulations, increasing shortage of fresh water supply, and rising water demand for industrial use. As a result, demand for pipes has been increasing from these industries, which is expected to further drive the demand for pipe coatings in the region.

In European countries like Germany, the UK, France, and the Netherlands have well-established pipeline networks in industries such as oil and gas, water distribution, and chemicals. Demand for pipe coatings in this region is driven by pipeline refurbishment, maintenance activities, and the adoption of advanced coating technologies. Eastern European countries are also witnessing growth in pipeline construction projects, particularly in the energy sector. Investments in infrastructure modernization and transportation networks further contribute to the demand for pipe coatings in this region.

The Middle East, particularly countries like Saudi Arabia, UAE, and Qatar, have extensive oil and gas infrastructure, driving demand for pipe coatings to protect against corrosion in harsh environments. Investments in pipeline expansion projects and industrial development further contribute to market growth. Africa's growing population and economic development spur investments in infrastructure projects, including pipelines for oil and gas transportation, water distribution, and utilities. The demand for pipe coatings in Africa is driven by the need for corrosion protection and asset integrity management.

Global Pipe Coating Market By Region
  • Largest
  • Fastest

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Pipe Coatings Market Dynamics

Drivers 

  • Growing Oil and Gas Exploration: The oil and gas industry heavily rely on pipes for petroleum offshore and onshore production and refineries. These pipes are required upstream, midstream, and downstream, which creates a high demand for pipe coatings. Epoxy pipe coating is extensively used in the industry due to its resistance to high temperatures, chemicals, and corrosion. Gas pipe coating products provide improved resistance to corrosion and abrasion, thereby increasing the longevity of costly equipment.
  • Increasing Infrastructure Development: The need for new infrastructure, including pipelines for oil and gas, water supply and waste management is driving the demand for pipe coating.
  • Advancement in Coating Technologies: The introduction of innovative coating materials and technologies such as fusion bonded epoxy (FBE), polyethylene (PE), and polypropylene (PP).

Restraints 

  • High Cost of Advanced Coatings: The cost of advanced coating, especially those offering superior corrosion resistance can be relatively high.
  • Volatile Raw Material Prices: Resins, pigments, and additives are commonly utilized in the manufacturing of pipe coatings. The cost of these raw materials can significantly affect the total production expenses and profitability of pipe coating enterprises.
  • Moreover, the pipe coatings business is closely linked with the development of infrastructure such as gas and water pipelines, industrial facilities, and water supply systems. The demand for pipe coatings may be affected by unfavourable economic conditions or delayed infrastructure projects. Economic downturns or changes in specific locations can also impact investments in infrastructure and the demand for pipe coatings.

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Pipe Coatings Market Competitive Landscape

The competitive landscape of the pipe coating market includes information about the companies involved in it. This information includes company overview, financials, revenue, market potential, investment in R&D, new initiatives, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launch, product range, and application dominance. All of the above-mentioned data points are related only to the companies' focus on the pipe coating market.

Some of the major players in the pipe coating market are PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Valspar Industrial, Axalta Coating Systems, LLC, WASCO ENERGY GROUP OF COMPANIES, Arkema Group, 3M, SHAWCOR, Berry Plastics Cpg, Tenaris, Winn & Coales (Denso) Ltd, Aegion Corporation, Dura-Bond Industries, Eupec Pipecoatings France, L.B. Foster Company, Arabian Pipe Coating Company, Perma-Pipe, Inc, Jotun, and DuPont.

Top Player’s Company Profiles 

  • PPG Industries, Inc. (US)
  • Akzo Nobel N.V. (Netherlands)
  • The Sherwin-Williams Company (US)
  • Axalta Coating Systems, LLC (US)
  • WASCO ENERGY GROUP OF COMPANIES(Malaysia)
  • Arkema Group (US)
  • 3M (US)
  • SHAWCOR (Canada)
  • Berry Plastics (US)
  • Aegion Corporation (US)
  • Dura-Bond Industries (US)
  • Eupec pipecoatings (France)

Recent Development

  • In April 2023, AkzoNobel completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams. The acquisition will further boost the company’s position in China and allow further market segmentation and reinforce its position outside of the premium segment.
  • In February 2024 PPG announced that it has added two adhesives to its aerospace portfolio, epoxy syntactic paste adhesive (ESPA) for bonding the internal structures of an aircraft; and PPG PR-2936™, an adhesive that incorporates the properties.
  • In February 2024, PPG launched its PPG ADJUSTRITE® Repair Management tool, a new feature of the PPG Adjust Rite commercial estimating system. This system streamlines commercial vehicle repairs and increases efficiency.

Pipe Coatings Key Market Trends

  • There is a growing demand for environmentally sustainable pipe coatings that minimize the environmental impact while offering effective corrosion protection. Manufacturers are increasingly focusing on developing coatings with reduced VOC emissions, eco-friendly formulations, and recyclable materials to meet regulatory requirements and sustainability goals.
  • Aging pipeline infrastructure in developed countries and the need for pipeline maintenance and rehabilitation drive the demand for pipe coatings. Governments and utilities are investing in pipeline refurbishment projects to extend the lifespan of existing pipelines, reduce leaks and failures, and ensure the reliability of critical infrastructure assets.
  • Rapid industrialization, urbanization, and infrastructure development in emerging economies drive the expansion of pipeline networks for transportation of oil, gas, water, and chemicals. This presents significant growth opportunities for the pipe coating market, particularly in regions such as Asia Pacific, Latin America, and the Middle East and Africa.
  • Stringent regulations and standards governing pipeline safety, integrity, and environmental protection drive the adoption of high-performance pipe coatings. Pipeline operators prioritize compliance with regulatory requirements to minimize the risk of leaks, spills, and environmental contamination, driving the demand for advanced coating solutions.

Pipe Coatings Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. 

Our extensive research on the global pipeline market reveals that the use of pipe coatings in various industries, combined with the growth of emerging economies, is expected to increase the demand for pipe coatings. The implementation of abrasion-resistant overlays (ARO) is on the rise, which enhances the performance of pipes and prolongs their lifespan, increasing the revenue of the pipe coating market. In Asia-Pacific, the construction sector has been witnessing strong growth in countries such as India, Indonesia, China, Vietnam, and Singapore, leading to a higher demand for construction pipes in the region and in the petroleum industry, pipes are needed for offshore and onshore petroleum production and refineries. With the current market trends, the demand for pipes has been increasing from these industries, which is further expected to drive the demand for the pipe coatings market in the region.

However, the pipe coatings market is likely to face a major challenge due to the high cost of pipe coatings. Additionally, the market has been affected by the fluctuating prices of oil and its byproducts, leading to a surplus of the product in inventories. As a result, the growth of the pipe coatings market is expected to be hindered.

Report Metric Details
Market size value in 2022 USD 9.8 billion
Market size value in 2031 USD 14.43 billion
Growth Rate 4.96%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type 
    • Concrete Coatings, Fusion Bonded Epoxy Coatings, Bituminous Coatings, Thermoplastic Polymer Coatings, Polyethylene, Polyurethane, Polypropylene, Polytetrafluoroethylene (PTFE), Metallic Coatings
  • By Surface
    • Internal Surface,  External Surface
  • By Form
    • Powder Coatings, Liquid Coatings
  • By End Use
    • Oil And Gas Industry, Water And Wastewater Treatment, Chemical Processing, Mining, Agriculture, Infrastructure, And Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • PPG Industries, Inc. (US)
  • Akzo Nobel N.V. (Netherlands)
  • The Sherwin-Williams Company (US)
  • Axalta Coating Systems, LLC (US)
  • WASCO ENERGY GROUP OF COMPANIES(Malaysia)
  • Arkema Group (US)
  • 3M (US)
  • SHAWCOR (Canada)
  • Berry Plastics (US)
  • Aegion Corporation (US)
  • Dura-Bond Industries (US)
  • Eupec pipecoatings (France)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Pipe Coatings Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Pipe Coatings Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Pipe Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pipe Coatings Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pipe Coatings Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Pipe Coatings Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Pipe Coating Market size was valued at USD 9.8 billion in 2022 and is poised to grow from USD 10.29 billion in 2023 to USD 14.43 billion by 2031, growing at a CAGR of 4.96% in the forecast period (2024-2031).

The competitive landscape of the pipe coating market includes information about the companies involved in it. This information includes company overview, financials, revenue, market potential, investment in R&D, new initiatives, presence, production sites and facilities, production capacities, strengths and weaknesses, product launch, product range, and application dominance. All of the above-mentioned data points are related only to the companies' focus on the pipe coating market. 'PPG Industries, Inc. (US)', 'Akzo Nobel N.V. (Netherlands)', 'The Sherwin-Williams Company (US)', 'Axalta Coating Systems, LLC (US)', 'WASCO ENERGY GROUP OF COMPANIES(Malaysia)', 'Arkema Group (US)', '3M (US)', 'SHAWCOR (Canada)', 'Berry Plastics (US)', 'Aegion Corporation (US)', 'Dura-Bond Industries (US)', 'Eupec pipecoatings (France)'

Growing Oil and Gas Exploration: The oil and gas industry heavily rely on pipes for petroleum offshore and onshore production and refineries. These pipes are required upstream, midstream, and downstream, which creates a high demand for pipe coatings. Epoxy pipe coating is extensively used in the industry due to its resistance to high temperatures, chemicals, and corrosion. Gas pipe coating products provide improved resistance to corrosion and abrasion, thereby increasing the longevity of costly equipment.

There is a growing demand for environmentally sustainable pipe coatings that minimize the environmental impact while offering effective corrosion protection. Manufacturers are increasingly focusing on developing coatings with reduced VOC emissions, eco-friendly formulations, and recyclable materials to meet regulatory requirements and sustainability goals.

North America has often been considered one of the dominant regions in the pipe coating market is expected to experience significant growth soon, thanks to the rapid expansion of the oil and gas industry. The increased production of oil from the Permian and Delaware Basins has led to a rise in demand for new pipelines, as well as the expansion of existing ones, that connect the Gulf Coast Refineries. Companies prefer pipelines over trucking because they are more cost-effective and allow them to cut losses. Furthermore, the pipe coating industry is expected to see a positive impact due to the recently installed pipelines worth US$ 86 billion in Alaska and British Columbia (Canada). This is expected to increase the demand for pipe coatings to prevent corrosion.

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Pipe Coatings Market

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