Global Pipe Coating Market Forecast and
coatings have appeared as a cost-effective and practical solution for
maintaining pipeline integrity. The oil & gas industry continues to be the
prime consumer of pipe coatings and is expected to present significant demand
for such coatings over the years to come. The global consumption of oil and gas
continues to rise due to various macro-economic factors. The development of pipelines
for oil and gas transportation has increased due to the continuous demand for
energy in countries like China, India, the U.S, and others, which is opening
new growth windows for the oil & gas industry. Pipe coatings come with
several advantages such as improved flow assurance, reduced cost of energy, and
corrosion inhibition, which makes it an appropriate product for the pipeline
integration solution. Increasing construction spending, along with
rising demand for natural gas, mainly in China and India, should drive regional
growth. Growing agricultural activities and issues related to the water crisis
may elevate the need for water transport and thereby enhance industry growth.
The positive trend in agricultural, residential, and industrial applications will
fuel pipe coating market size.
have wide usage in transporting water, chemicals, and various industrial
processes. It protects from abrasion, corrosion, and other reactions from CO2,
H2S, water, acid, sunshine, which thereby affect product execution and
longevity. Selecting a appropriate pipe coating depends on performance level,
regulatory concerns, economics consideration, and industrial properties
Global Pipe Coating Market: Overview
Pipe coating is a cost-effective and viable solution to maintain pipelines
integrity. This coating gives a continuous protective lining that helps save
pipelines from the damaging consequences of corrosion. Pipeline coating is one
of the most secure corrosion prevention methods used by industries today.
in the Oil & Gas and Infrastructure Industries
& gas comprises solid particulates, including potassium chloride,
carbonates, sodium chlorides, salts, greases, waxes, paraffin, and dirt. These particulates
mixes in liquid, and some remain in the suspension. Coatings are designed for
internal pipeline utilization, which may withstand high impact by the
particulates to prevent corrosion and leakages. As oil and gas pipeline leakage
may cause huge economic and environmental damage, it is very necessary to use
pipe coatings, these factors will further improve the demand for the pipe
coatings market during the forecast period.
coating are used in chemical industry to prevent pipe as chemical processes may
lead to its degradation. Pipe coatings are used to add specific surface
properties, including color, wear resistance, electrical resistance, used to
add specific surface properties, including color, wear resistance, electrical
resistance, thermal protection, advancements are common so that pipe coatings
can be used in various industries. Most of the chemical processing companies
are developing technologically advanced polymers followed by strict government
regulations will drive industry growth. Expanding chemical processing and
industrial need, mainly in the Asia Pacific region, wil favor pipe coatings product
Coatings are high in cost and is designed to provide superior results for the
pipelines. Pipe Coatings comes it with advanced features to protect the pipes
from corrosion and to make sure that the pipes remain unaffected by changing
climatic conditions. High cost of the pipe coating is the major restraint in
Global Pipe Coating Market: Form
On the basis of Form, the
market is segmented into Powder Coating and Liquid Coating. Liquid segment is
expected to dominate the market during the forecast period. As Liquid form of
pipe coating is mostly used in the oil and gas pipeline across the world.
Global Pipe Coating Market: Type
On the basis of Type, the
market is segmented into Thermoplastic Polymer Coatings, Fusion Bonded Epoxy
(FBE) Coatings, Concrete Coatings and Others.
Thermoplastic polymer coatings are the most
extensively used type of pipe coatings and comprise of PP, PE, and PU coatings
that are utilized in polyolefin coatings. The 3LPE and 3LPP coatings are now
being favored on a large scale as they have the additional advantage of
thermoplastic polymer coatings and fusion bonded epoxy coats. They are majorly
accepted and utilized in the oil & gas activity.
Global Pipe Coating Market: Regional Insights
On the basis of regional
analysis, the global artificial intelligence in food and beverages market is
segmented into five major regions including North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region.
The North America region
is estimated to occupy the highest market share, Countries in this region, such
as the U.S., Canada, and Mexico, are observing growth in the oil & gas
industry due to the easy availability of shale gas and new discoveries of oil
reserves. Also, the chemical processing industry is expected to grow due to the
availability of raw materials in this region.
The companies that hold
the majority share of Pipe Coating Market are PPG Industries, Inc., Akzo Nobel
N.V., Shawcor Ltd., The Sherwin-Williams Company, Axalta Coating Systems Ltd.,
Arkema S.A., Wasco Energy Group of Companies, The 3M Company, Specialty Polymer
Coatings Inc., Seal for Life, Tenari, Winn & Coales (Denso) Ltd., Aegion
Corporation, Eupec Pipecoatings France SA, L.B. Foster Company, Arabian
Pipecoating Company Ltd and Other Prominent Players.
- March 2020: PPG Completes Acquisition of Alpha Coating Technologies, which is the Light Industrial Powder Coatings Manufacturer
- February 2019: Shawcor Ltd. has declared that its pipe coating
department has entered into a contract with Subsea 7 to give thermal insulation
coating services for the Woodside Sangomar Offshore Project in Senegal.