Pipe Coating Market, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1350
Pipe Coating Market size is likely to register steady gains over the forecast timeframe. It is applied on metal surfaces to prevent corrosion. Positive outlook in oil & gas and chemical processing industries should drive product demand. They are used in gas handling equipment, fire suppressant systems, and water treatment plants.
Pipelines has extensive usage in transporting chemicals, oil & gas, water and various industrial processes. It protects from corrosion, abrasion, and other reactions from water, acid, CO2, H2S, sunshine which thereby affect product performance and longevity. Selecting a proper pipe coating depends on performance level, regulatory concerns, economics consideration and technical properties requirement.
North America, driven by the U.S. pipe coating market size, may expect gains owing to presence of numerous manufacturing companies along with increase in pipeline construction spending should drive regional industry growth. Increase in gas reserves and shale gas exploration may show an uptrend in this region, thereby stimulating product demand.
Global oil market size consumption was over 4 billion metric tons in 2015. Russia and Saudi Arabia are the leading oil producers, and accounted for over 13% of the total volume by 2015. The U.S. accounted for over 12% of the total oil production demand in the same year and is the leading importer. Protective epoxy is used for oil & gas pipelines which includes properties such as viscosity, flammability, fluid state and climate or temperature, thereby influencing pipe coating market growth demand.
Metal pipe coating market may witness may register gains owing to protecting surface from corrosion. Global metal coatings market size was valued at over USD 10.5 billion in 2015 and may exceed USD 14.5 billion by 2024, with gains at over 6%. They are used to add specific surface properties including color, wear resistance, electrical resistance, thermal protection, or optical. Increasing construction and building sectors in China and India may stimulate industry growth.
Asia Pacific, led by South Korea, Japan, India and China pipe coating market size, may grow significantly over the foreseeable future. Increasing construction spending along with rising natural gas demand mainly in China and India should drive regional growth. Rising agricultural activities and issues related with water crisis may elevate the need for water transport and thereby enhance industry growth. Positive trend in agricultural, residential, and industrial applications should fuel pipe coating market size.
Europe, driven by UK, France, Italy, and Germany pipe coating market size, may witness steady gains owing to presence of various companies in this region. Increasing steel demand along with various operations accompanied with product usage should drive regional growth. Rising oil & gas spending along with upgrading refineries and drilling sites should drive industry growth. This region may challenge industry growth due to political unrest mainly in Russia.
Oil & gas contains solid particulates including potassium chloride, carbonates, salts, sodium chlorides, waxes, paraffins, greases, and dirt. These particulates dissolve in liquid and some remain in the suspension. Coatings are designed for internal pipeline applications which may withstand high impact by the particulates. Oversupply of crude oil may reduce current demand and challenge industry profitability and affect pipe coating market price trend.
Pipe coating market size from chemical processing sector may witness steady growth rate over the forecast timeframe. Most of the chemical processing industry manufacturers are developing technological advanced polymers accompanied by strict government regulation should drive industry growth. Increasing chemical processing and industrial demand mainly in the Asia Pacific region may favor product demand.
Global thermoplastic pipe coating market may register close to 6% by 2024. PVC, polypropylene, PE are widely used polymers owing to its lightweight and cheaper costs. They are used in sewage, irrigation, mining, construction and chemical processing industries due to their chemical resistance capacity, and can be recycled for reuse as they are environment friendly.
Fusion bonded epoxy pipe coating market may witness gains owing to its high adhesion to metals, excellent chemical resistant, thermosetting, and lightweight properties. These are mainly designed for oil & gas industry to help pipelines against corrosion.
Global pipe coating market share is consolidated. Key market players include BASF, Arkema, LyondellBasell Industries, and AkzoNobel. Other prominent companies include L.B. Foster, Ball Winch, The Bayou Companies and ShawCor.
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