The Middle East and Asia Pacific concrete coating market for pipe applications is projected to grow at a compound annual growth rate (CAGR) of 6.9%, increasing from a revenue of USD 1,343.45 million in 2023. This growth is primarily driven by increasing demand in water and wastewater management, along with heightened activity in the oil and gas sector. However, the high upfront costs particularly related to materials and installation seem a major challenge for the market.
The regional market is concentrating on replacing and upgrading outdated pipes. This could offer a valuable perspective and be essential in safeguarding and improving pipeline longevity.
The market faced notable challenges during the COVID-19 pandemic, which caused significant supply chain disruptions. These issues led to delays in manufacturing, material shortages, reduced production capacity, and temporary plant shutdowns due to global lockdown measures.
Market Segmentations
The segmentation of the Middle East and Asia Pacific concrete coating for the pipe application market is divided by type, acrylic coating, polyurethane coating, epoxy coating, and Others.
The market has been segmented by end-use industry, including Agriculture, Oil & Gas, Construction and Infrastructure, Water and Wastewater Management, and Others.
The regional market is segmented by regions, such as the Middle East and Asia-Pacific.
Country Insights
The Middle East and Asia Pacific concrete coating for pipe application market is divided into seven countries: China, Japan, India, Malaysia, Vietnam, Thailand, Indonesia, and the rest of Asia Pacific. The Middle East and Asia Pacific concrete coating for pipe application market was valued at USD 854.5 million in 2023 and is projected to reach USD 1,683.3 million by 2032, growing at a compound annual growth rate (CAGR) of 7.7% between 2024 and 2032.
Major Players
Key companies in the Middle East and Asia Pacific Concrete coating for Pipe application market are Don Construction Products Ltd., Ratnamani Metals & Tubes Limited, Man Industries Limited, Arabian Pipe Coating Company, Corinth Pipeworks S.A., Jotun A/S, Tenaris, Al-Qahtani Pipe Coating Industries, Bayou Companies, PSL Limited.
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