Pipe Coatings Market by Type [Thermoplastic Polymer Coatings, Fusion Bonded Epoxy (FBE) Coatings, Concrete Coatings, and Others], Form (Powder and Liquid), End-use Industry (Oil & Gas, Water & Waste Water, Mining, Chemical, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026230 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 7 billion mark in 2022 and is expected to hit US$ 11 billion by 2030, recording a CAGR of 4.5% during the forecast period.

Pipe coatings market has been significantly growing with the higher adoption of these pipe coating products from various end-use industries

The major factor driving the growth of the pipe coatings market is increasing their demand from various end-use industries such as oil & gas, water & waste water, mining, and chemical industry. Pipe coating is a viable and cost-effective solution of maintaining the integrity of pipelines. Pipe coating offers various advantages such as saves increased pipeline flow, reduced energy costs, reduced use of inhibitors, reduced maintenance, reduced pig runs and wear, clean product delivery, and increased pipeline life. In Chemical industry, corrosion is the main problem of metal pipes. Owing to chemical reactions with atmospheric gases and oxidization, corrosions happen, and the pipes lose their metal properties. Hence, pipe coating products are highly used to coat the pipes. The thermoplastic polymer coatings segment is expected to pace up with their rising adoption due to their excellent properties and a broad spectrum of applications in various end-use industries. Further, other segments such as fusion bonded epoxy (FBE) coatings and concrete coatings, are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, form, end-use industry, and geography. By type, the market is further segmented into thermoplastic polymer coatings, fusion bonded epoxy (FBE) coatings, concrete coatings, and others. On the basis of form, the market is segmented into powder and liquid. On the basis of end-use industry, the market is segmented into, oil & gas, water & waste water, mining, chemical, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Strong growth of the pipe coatings market in Asia Pacific region

The strong growth of the pipe coatings market in Asia Pacific region is attributed to the increasing demand for pipe coating products from various end-use industries such as, water & waste water treatment, oil & gas, chemical, and others.  Further, in Southeast Asia, the increasing demand for clean water, growing water contamination, stringent government regulations on water treatment, and increasing industrial waste discharge into water bodies have necessitated initiatives to expand wastewater treatment facilities in the region, creating demand for pipe coating products.

High demand from oil & gas industry

The oil & gas industry is one of the major areas of application for pipe coating products. The coatings for oil and gas applications offer excellent resistance to high temperatures, chemicals and corrosion. The Middle East has various oil-producing countries, with the presence of many largest oil producers in Saudi Arabia, the UAE, and Iraq. According to the Organization of the Petroleum Exporting Countries, Saudi Arabia possesses ~17% of the world’s proven petroleum reserves. The oil & gas sector of the country accounts for ~50% of gross domestic product (GDP) and ~70% of export earnings. The strong presence of the oil & gas industry in these countries creates a huge demand for pipe coating products. In addition, various oil-producing companies are spending more on increasing oil production to meet rising energy demand due to the booming population, further creating demand for pipe coating products.

Recent strategic developments in pipe coatings market

The pipe coatings market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, The Sherwin-Williams Company completed the acquisition of the European industrial coatings business of Sika AG. The acquired business will become part of the Company's Performance Coatings Group operating segment.
  • In September 2019, Axalta Coating Systems Ltd. entered into a definitive agreement to acquire Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer specializing in architectural powder coatings. With this acquisition, Axalta Coating Systems Ltd. will expand its footprint in the Middle East and North Africa (MENA) region.

The pipe coatings market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Akzo Nobel N.V.; BASF SE; Arkema; ENECON Corp.; and PPG Industries, Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Pipe coatings related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of pipe coatings
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Thermoplastic Polymer Coatings
  • Fusion Bonded Epoxy (FBE) Coatings
  • Concrete Coatings
  • Others
  • Form
  • Powder
  • Liquid
  • End-Use Industry
  • Oil & Gas
  • Water & Waste Water
  • Mining
  • Chemical
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Akzo Nobel N.V. 
  • BASF SE 
  • Arkema
  • ENECON Corp. 
  • PPG Industries, Inc. 

Companies profiled
- Akzo Nobel N.V. 
- BASF SE 
- Arkema 
- ENECON Corp. 
- PPG Industries, Inc. 

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