All updated as on -
By 2030, the global market for pipe coatings is projected to be worth $10.50 billion, with a CAGR of 5.62% between 2022 and 2030.
To protect pipes from corrosion, abrasion, and other forms of wear and tear, a variety of chemicals are applied to their exteriors. Industries as diverse as oil and gas extraction, chemical manufacturing, water purification, and wastewater treatment all rely heavily on coatings. Common pipe coatings include corrosion-resistant metals, polyethylene, polypropylene, polyurethane, and fusion-bonded epoxy (FBE). Coating selection is influenced by several factors, including pipe material, application, and special needs for corrosion protection, temperature tolerance, and chemical resistance. Coatings applied to pipes protect their exteriors from corrosion caused by water, chemicals, and soil. They help prevent corrosion and lengthen the life of the pipes.
The Effect of COVID 19 on the International Pipe Coatings Industry
Lockdowns, travel restrictions, and temporary plant closures disrupted the global supply chain. Manufacturing delays and increased costs for pipe coatings occurred because essential raw ingredients and parts were in short supply. Many construction projects have to be put on hold or abandoned because of government restrictions and social segregation policies. Given the widespread use of pipes in manufacturing, transportation of oil and gas, and the construction of other essential infrastructure, the decline in construction activity naturally affected the demand for pipe coatings. The global demand for oil and gas dropped significantly as a result of the pandemic, primarily as a result of less travel, decreased industrial activity, and a halt in economic growth. The market for pipe coatings used in the transportation of oil and gas was impacted by the decrease in pipeline developments caused by the falling demand for fossil fuels. Market instability and reduced investment were effects seen across several sectors as a result of the pandemic's unpredictability. Suppliers and manufacturers of pipe coatings had a hard time anticipating and successfully planning for demand and price fluctuation in the market.
Market-Driving Factors
Increases in infrastructure development, oil and gas exploration, and corrosion protection needs in the pipeline industry all contribute to the expansion of the pipe coatings market. The demand for pipe coatings has increased as oil and gas extraction activities have expanded. The need to transport oil and gas across long distances, both on land and at sea, necessitates the construction of pipelines. Coatings on pipes are crucial because corrosion can lead to leaks, environmental damage, and high maintenance costs. The oil and gas industry isn't the only one that uses pipe coatings; the water and wastewater, chemical, and infrastructure sectors do as well. These coatings improve the pipelines' durability and lifespan by protecting against corrosion, abrasion, and providing insulation. Ongoing infrastructure construction projects, especially in developing nations, are expected to continue driving growth in the pipe coatings market. Rapid urbanisation, population growth, and investments in water and wastewater management systems will all increase demand for pipelines and, by extension, pipe coatings.
Major Struggles in the Market
Pipe coatings are typically made with resins, pigments, and additives. Changes in the cost of these inputs can have a significant effect on the production budget and bottom line for pipe coating companies. The pipe coatings industry also has close relations to the building of water and gas pipelines, industrial facilities, and water distribution systems. Worsening economic conditions or postponements of infrastructure projects could reduce demand for pipe coatings. Market participants need to keep an eye on the trajectory of infrastructure growth and adjust their tactics accordingly. Sustainable coatings and practises are growing in significance, as is the use of environmentally friendly coatings. The pipe coatings industry is subject to stringent regulations regarding emissions, waste management, and the use of hazardous compounds. In order to be in compliance with these regulations, it may be required to invest much in R&D to produce environmentally acceptable coating solutions. The demand for pipe coatings is affected by the global economic climate. Economic downturns or changes in specific places may influence investment in infrastructure and the need for pipe coatings. Market participants can lessen their exposure to economic risk by keeping an eye on economic developments and diversifying their customer bases across geographic regions.
Powder and liquid coatings account for different portions of the worldwide pipe coatings industry. The powder category is expected to maintain its position as the market leader during the study period. Powder pipe coatings are less expensive than the more common coating methods. Powder coating's excellent efficiency and transfer rates mean less material is wasted during the process. The ability to reuse powder also helps reduce expenses. Powder pipe coatings have grown in popularity because to their increased corrosion resistance, lower cost, environmental benefits, flexibility, enhanced application techniques, expanded infrastructure, and compliance with relevant regulations. As long as businesses continue to value performance, efficiency, and sustainability, the need for powder pipe coatings is expected to grow. Oil and Gas, Marine, Chemical Processing, Water & Wastewater Treatment, and Others are the differentiating factors in the worldwide pipe coatings market. Over the estimated time frame, the oil and gas sector will represent the biggest market share. Pipe coatings are crucial to the oil and gas sector because they protect pipelines from corrosion, abrasion, and other forms of damage. Both onshore and offshore pipelines benefit from these coatings, which protect against corrosion and extend their useful life. Some coatings for pipes are designed specifically to increase the flow rate of the fluids inside. The low coefficient of friction and low pressure drop of these coatings allow for greater efficiency and greater flow rates with less energy expenditure.
Report Coverage
Global Pipe Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipe Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipe Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipe Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipe Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipe Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipe Coatings market based on the below-mentioned segments:
Global Pipe Coatings Market, By Product
Powder
Liquid
Global Pipe Coatings market, By Application
Oil and Gas
Marine
Chemical Processing
Water and Wastewater Treatment
Others
Global Pipe Coatings market, Regional Analysis
To protect pipes from corrosion, abrasion, and other forms of wear and tear, a variety of chemicals are applied to their exteriors. Industries as diverse as oil and gas extraction, chemical manufacturing, water purification, and wastewater treatment all rely heavily on coatings. Common pipe coatings include corrosion-resistant metals, polyethylene, polypropylene, polyurethane, and fusion-bonded epoxy (FBE). Coating selection is influenced by several factors, including pipe material, application, and special needs for corrosion protection, temperature tolerance, and chemical resistance. Coatings applied to pipes protect their exteriors from corrosion caused by water, chemicals, and soil. They help prevent corrosion and lengthen the life of the pipes.
The Effect of COVID 19 on the International Pipe Coatings Industry
Lockdowns, travel restrictions, and temporary plant closures disrupted the global supply chain. Manufacturing delays and increased costs for pipe coatings occurred because essential raw ingredients and parts were in short supply. Many construction projects have to be put on hold or abandoned because of government restrictions and social segregation policies. Given the widespread use of pipes in manufacturing, transportation of oil and gas, and the construction of other essential infrastructure, the decline in construction activity naturally affected the demand for pipe coatings. The global demand for oil and gas dropped significantly as a result of the pandemic, primarily as a result of less travel, decreased industrial activity, and a halt in economic growth. The market for pipe coatings used in the transportation of oil and gas was impacted by the decrease in pipeline developments caused by the falling demand for fossil fuels. Market instability and reduced investment were effects seen across several sectors as a result of the pandemic's unpredictability. Suppliers and manufacturers of pipe coatings had a hard time anticipating and successfully planning for demand and price fluctuation in the market.
Market-Driving Factors
Increases in infrastructure development, oil and gas exploration, and corrosion protection needs in the pipeline industry all contribute to the expansion of the pipe coatings market. The demand for pipe coatings has increased as oil and gas extraction activities have expanded. The need to transport oil and gas across long distances, both on land and at sea, necessitates the construction of pipelines. Coatings on pipes are crucial because corrosion can lead to leaks, environmental damage, and high maintenance costs. The oil and gas industry isn't the only one that uses pipe coatings; the water and wastewater, chemical, and infrastructure sectors do as well. These coatings improve the pipelines' durability and lifespan by protecting against corrosion, abrasion, and providing insulation. Ongoing infrastructure construction projects, especially in developing nations, are expected to continue driving growth in the pipe coatings market. Rapid urbanisation, population growth, and investments in water and wastewater management systems will all increase demand for pipelines and, by extension, pipe coatings.
Major Struggles in the Market
Pipe coatings are typically made with resins, pigments, and additives. Changes in the cost of these inputs can have a significant effect on the production budget and bottom line for pipe coating companies. The pipe coatings industry also has close relations to the building of water and gas pipelines, industrial facilities, and water distribution systems. Worsening economic conditions or postponements of infrastructure projects could reduce demand for pipe coatings. Market participants need to keep an eye on the trajectory of infrastructure growth and adjust their tactics accordingly. Sustainable coatings and practises are growing in significance, as is the use of environmentally friendly coatings. The pipe coatings industry is subject to stringent regulations regarding emissions, waste management, and the use of hazardous compounds. In order to be in compliance with these regulations, it may be required to invest much in R&D to produce environmentally acceptable coating solutions. The demand for pipe coatings is affected by the global economic climate. Economic downturns or changes in specific places may influence investment in infrastructure and the need for pipe coatings. Market participants can lessen their exposure to economic risk by keeping an eye on economic developments and diversifying their customer bases across geographic regions.
Powder and liquid coatings account for different portions of the worldwide pipe coatings industry. The powder category is expected to maintain its position as the market leader during the study period. Powder pipe coatings are less expensive than the more common coating methods. Powder coating's excellent efficiency and transfer rates mean less material is wasted during the process. The ability to reuse powder also helps reduce expenses. Powder pipe coatings have grown in popularity because to their increased corrosion resistance, lower cost, environmental benefits, flexibility, enhanced application techniques, expanded infrastructure, and compliance with relevant regulations. As long as businesses continue to value performance, efficiency, and sustainability, the need for powder pipe coatings is expected to grow. Oil and Gas, Marine, Chemical Processing, Water & Wastewater Treatment, and Others are the differentiating factors in the worldwide pipe coatings market. Over the estimated time frame, the oil and gas sector will represent the biggest market share. Pipe coatings are crucial to the oil and gas sector because they protect pipelines from corrosion, abrasion, and other forms of damage. Both onshore and offshore pipelines benefit from these coatings, which protect against corrosion and extend their useful life. Some coatings for pipes are designed specifically to increase the flow rate of the fluids inside. The low coefficient of friction and low pressure drop of these coatings allow for greater efficiency and greater flow rates with less energy expenditure.
Report Coverage
Global Pipe Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipe Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipe Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipe Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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 |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pipe Coatings Market from 2021 to 2030.
- Market Forecast for Pipe Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pipe Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pipe Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipe Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipe Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
- Market Players of Pipe Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipe Coatings market based on the below-mentioned segments:
Global Pipe Coatings Market, By Product
Powder
Liquid
Global Pipe Coatings market, By Application
Oil and Gas
Marine
Chemical Processing
Water and Wastewater Treatment
Others
Global Pipe Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive pipe coatings market market research and competitor analysis for your business to help you develop more profound insights into the pipe coatings market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the pipe coatings market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.