The increased shale oil and gas production in developed countries along with increased infrastructure and industrialization in developing economies across the globe are among the major factors driving the growth of the Global Pipe Coatings Market
Covid-19 Impact & Market Status
COVID-19 has the potential to impact the global economy in three ways: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on enterprises and financial markets.
Covid-19 outbreak has been affecting multiple businesses and industries leading to interrupted travel, lockdown, social distancing and the like. These have restricted normal functioning of the businesses and resulted in supply chain anomalies, lack of business co-ordination across vendors and the like.
Thermoplastic Polymer Coatings Type Segment is accounted for Highest Revenue during the Prediction Period
The most common form of pipe coating is thermoplastic polymer coating. When compared to the other forms of pipe coatings, thermoplastic polymer coatings were the most valuable category in year 2020. The significant demand for thermoplastic polymer coatings can be ascribed to their superior characteristics and wide range of applications in a variety of sectors. During the projected period, the market for thermoplastic polymer coatings is predicted to grow considerably.
Oil & gas Segment is Likely to Register Highest Revenue during the Forecast Period
The major end-use industry for pipe coatings is oil and gas. The global market for pipe coatings is driven by the oil and gas sector's fast expansion. Furthermore, features like as abrasion resistance, better corrosion resistance, and chemical resistance are projected to fuel demand for these coatings. The rising usage of pipe coatings in oil & gas, municipal water supply, industrial, and other end-use industries has contributed to significant growth in the pipe coatings market in all regions.
Asia-Pacific Region to Dominate the Market during the Predicted Period
Asia-Pacific is expected to dominate the global market during the forecast period. The rapid increase in demand for pipe coatings from end-use sectors, particularly oil and gas and water and wastewater treatment, can be ascribed to APAC's rise. Furthermore, the rising demand for pipe coatings is primarily driven by the oil and gas industry, among other end-use sectors.
The increased usage of pipe coatings in the energy, construction, and sewage industries, as well as the growth in demand for chemical processing and oil & gas, are likely to boost demand for pipe coatings during the forecast period. Key players operating in the target industry are focusing on the development of the key strategies in order to get competitive edge in the target industry in among major factors to fuel growth of the target industry in APAC in the near future.
The market for pipe coatings will rise as the demand for energy is expected to drive up demand for pipe coatings throughout the world. The growing innovations and advances are expected to boost the market growth in the near future.
A pipe coating protects the pipe's surface against abrasion, corrosion, and reactivity with water and other reactive chemicals. This enhances the pipes' performance and extends their life. Pipe coatings can be applied in a single or triple layer configuration.
The best pipe coating depends on a number of factors, including the needed qualities, projected performance output, environmental considerations, and regional regulatory requirements. As a result, certain considerations must be made while choosing a suitable pipe coating.
The global pipe coatings market is projected to be around USD 10.3 billion by 2028, at a CAGR of 4.8 % during the prediction period.
Oil & gas, water and waste water applications are predicted to account for a major portion of pipe coatings over the projection period. The expansion of the pipeline sector, as well as technical advancements in the pipe coatings market, are responsible for the rise in demand for pipe coatings. Pipe coatings are mostly used in the chemical and oil and gas industries are propelling the pipe coatings market.
Furthermore, technological advancements and increased investment by the major players operating in the target industry in this sector are likely to boost the global pipe coatings market ahead throughout the forecast period. Another factor driving the growth of the pipe coatings market is the expansion of building and infrastructure facilities, particularly in emerging nations like as India and China.
Furthermore, the use of pipe coatings in a variety of industrial verticals, as well as the expansion of developing countries, are likely to boost demand for pipe coatings. Another factor projected to boost the growth of the pipe coatings market is the rise in demand associated with the production of shale gas. The increased use of abrasion-resistant overlays is a notable development.
The global pipe coatings industry is very competitive and is anticipated to become even more so in the future years. However, the growing number of competitors is expected to boost overall market growth over the projection period.
A.W. Chesterton Co. 3M, Allan Edwards Inc. BASF SE, Aegion Coating Services., Bauhuis BV, AkzoNobel NV, Corinth Pipeworks, Al Qahtani Pipe Coating Industries, Arabian Pipe Coating Co. (APCO), BSR Coatings, DuPont, among others are some of the key competitors operating in the global Pipe Coatings market.
Latest Innovations in the Global Pipe Coatings Market: a Snapshot
- In year 2019 Arkema purchased Arrmaz, a surfactant used in the mining, agricultural nutrition, and infrastructure industries. The acquisition will assist to raise the group's prominence even more.
- Capital Paints LLC, a company that specialised in architectural powder coatings, was bought by Axalta Coating Systems Ltd. This purchase would enable the firm join the Middle Eastern market by providing stronger support and technical services to local clients in the oil and gas and architecture divisions.
This market research study was created by compiling data from primary and secondary sources. Secondary research was conducted using a variety of sources, including (but not limited to) SEC filings, company websites, technical journals, paid data sources, financial reports, and other industry publications. In addition, to acquire first-hand data, the research methodologies perform comprehensive primary research with important industry players. Industry specialists then examine and validate the data.
Pipe Coatings Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 10.3 billion|
|Growth Rate||CAGR of 4.8 % during 2021-2028|
|Segment Covered||Type, Form, End Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||A.W. Chesterton Co. 3M, Allan Edwards Inc. BASF SE, Aegion Coating Services., Bauhuis BV, AkzoNobel NV, Corinth Pipeworks, Al Qahtani Pipe Coating Industries, Arabian Pipe Coating Co. (APCO), BSR Coatings, DuPont, among others|
Key Segments of the Global Pipe Coatings Market
Type Overview, 2018-2028 (USD Billion)
- Thermoplastic Polymer Coatings
- Fusion Bonded Epoxy Coating
Form Overview, 2018-2028 (USD Billion)
End Use Industry Overview, 2018-2028 (USD Billion)
- Oil & Gas
- Water and Waste Water
- Chemical Processing
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa