Global Pipe Coatings Market, 2024-2030

Pipe coatings have emerged as a cost-effective and efficient solution for maintaining pipeline integrity. Pipe coatings come with several benefits such as improved flow assurance, decreased cost of energy, and corrosion prevention, which make it an apt product for pipeline integration management. Pipeline coating is considered as one of the most reliable corrosion prevention methods used by industries today worldwide.Pipe coating has offered several advantages such as It improves the gas flow, decrease pumping energy and clean delivery of product.

There are various methodology has been adopted to coat the pipe, such as coating pipe with adhesive spray i.e. liquid coating and coating pipe with heating powder. There are different types of pipe coating use in various industries, are thermoplastic polymer coatings, fusion bonded epoxy coatings, Concrete Coatings, Bituminous Coatings and others ((Metallic Coatings, Coal Tar Enamel Coatings, Polymeric Tapes).

CTE is generally known as thermoplastic polymeric coating. It is usually made up of four main components: primer, coal tar enamel, glass fiber inner-wrap, and glass fiber outer-wrap. Fusion bonded epoxy coating is also known as fusion-bond epoxy powder (FBE) coating used to defend steel pipe that is used in pipeline construction from corrosion. FBE coatings are thermoset polymer coatings. Multilayer layer polyethylene/propylene i.e three layer (3LPE/3LPP)- 3LPE/ 3LPP coating has three functional components: a high-performance fusion bonded epoxy (FBE), followed by a copolymer adhesive and an outer layer of Medium Density Polyethylene (MDPE) or High-Density Polyethylene (HDPE), which helps in providing protection against external corrosion.

The coated pipe has wide area of application in end use industry. The applications include oil and gas (upstream, midstream and downstream activities), agriculture (irrigation purpose), water and waste water treatment, mining, marine, chemical processing, infrastructure and other industrial purposes.

The global pipe coating market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global pipe coating market is growing at a fast pace and increasing its geographical footprint rapidly. The global pipe coating market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific and Middle East region due to expansion in oil , gas ,agriculture and construction industry. The major growth driver for pipe coating market globally is the global consumption of oil and gas continuously rising.

Pipe coating enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of pipe coating market globally. The companies that lead global pipe coating market are PPG Industries Inc, Shawcor Ltd, Axalta Coating Systems Ltd, D BASF SE, Sherwin-Williams Company ,Covestro AG, and Akzo Nobel N.V.

Research Methodology

The research process includes the market segmentation of the global pipe coatings market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global pipe coating industry dynamics
• Estimation of the present global pipe coating market size in terms of value and volume
• Global pipe coating market breakup based on type and application
• Substantiated global pipe coating market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global pipe coating industry value chain

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