he research study conducted by Report Ocean on the “ Pipe Coatings Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Pipe Coatings Market is valued approximately USD 8.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.90% over the forecast period 2023-2030. Pipe Coatings is a sensible solution carried out on purpose to preserve the integrity of pipes. This coating assists in maintaining a protective layer that shields pipes from corrosion’s harmful effects. This improves the performance and increases the longevity of the pipelines. Pipe coatings can be applied in a single as well as triple layer. One of the key reasons fueling the growth of the pipe coating industry is the rising need for sewage treatment throughout the globe. The market is growing faster because to the rising interest in pipe coating, which has a number of benefits including improved flow, decreased abrasion, and higher wear resistance. The market is also influenced by the widespread use of Pipe coating is used in the oil and gas industry to carry heavy oil, crude oil, and petroleum products
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Growth in the oil and gas sector is propelling the market. Pipes are necessary in petroleum offshore and onshore production as well as refineries in the oil and gas sector. Upstream, middle, and downstream pipelines are necessary in the petroleum sector. As a result, the need for pipe coatings increases. According to BP, oil output in 2021 grew by around 1.6% over the previous year and is likely to rise further throughout the projection period. Global oil output is expected to reach 4,221 million tonnes in 2021, up from 4,171 million tonnes in 2020. Additionally, increase in the popularity of mobile coating technology is anticipated to create the lucrative opportunity for the market during forecast period. However, the high content of volatile organic compounds (VOCs) in pipe coatings stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pipe Coatings Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing growing demand for applications in the irrigation sector, construction, oil and gas, and other industries. Also, growth in the oil & gas and infrastructure industries in the region is anticipated to support the market growth. North America is expected to grow significantly during the forecast period, owing to the rapid expansion of the oil and gas industry, growing focus on asset protection and longevity, infrastructure development, and growing oil and gas production.
Major market player included in this report are:
3M
A.W. Chesterton Co.
Aegion Coating Services
Akzo Nobel NV
Al Qahtani Pipe Coating Industries
Allan Edwards Inc.
Arabian Pipe Coating Co.
BASF SE
Bauhuis BV
Borusan Mannesmann
Recent Developments in the Market:
In July 2022, The Sherwin-Williams Company announced the completion of its acquisition of Sika AG’s European industrial coatings division. The purchased company will be incorporated into the Performance Coatings Group operational segment of Sherwin-Williams.
In August 2021, the ambient-cure of the future PPG debuted the PPG HI-TEMP 1027 HD coating. It was created to withstand challenging corrosion-under-insulation (CUI) circumstances. Pipelines, vessels, and structural elements are well protected from corrosion when plants are operating.
Global Pipe Coatings Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Form, Surface Type, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Fusion Bonded Epoxy
Metallic Coatings
Concrete Coatings
Thermoplastic Polymer Coatings
By Form:
Liquid
Powder
By Surface type:
External
Internal
By End User:
Chemical Processing Marine
Water & Water Treatment
Oil & Gas Industry
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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