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Pulished Date April, 2021
ID: 9480
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Pipe Coatings Market - By Pipe Surface (External And Internal), By Form (Liquid Coating And Powder Coating), By Product Type (Metallic Coating, Concrete Coating, Fusion Bonded Epoxy Powder Coating, Thermoplastic Polymer Coatings And Others), By End Use Industry (Industrial, Drainage And Sewage, Potable Water And Others), By Region (North America, Latin America, Asia Pacific, Europe, Middle East And Africa) – Global Industry Analysis, Size, Share, Growth, Trends, Forecasts | 2021 – 2026

Pulished: April, 2021
ID: 9480
Pages: 175

Pipe Coatings Market Size, Share & Growth (2021 - 2026)

The size and share of Pipe Coatings Market is expected to rise from USD 8.3 billion in 2021 to reach USD 10.6 billion by 2026, at a CAGR of 6.8% during the foreseen period.

Pipe coating is a protective coating put on metal surfaces mainly to stop the corrosion of pipes. The coating is put from one layer to triple layer array to go through harsh environments like UV, solvents, moisture, etc. Apart from that, protection from the corrosion pipe coatings is also made for abrasion resistance. The choosing of the correct coating depends on different factors, some of those are performance level, economics consideration, regulatory worries, technical properties needed, etc. Polymeric pipe coating like fusion bonded epoxy coating also called FBE coating and olefin-based are popular owing to coating with lower residual stress and uniform coating without weld tenting.

Recent Developments

  • Axalta Coating Systems Ltd. (NYSE: AXTA), a dominating maker of liquid and powder coatings around the world, declared that it has entered into a definitive agreement to acquire Capital Paints LLC, a thermosetting powder coatings maker based in the UAE, which is specialized in architectural powder coatings. The transaction is related to needed regulatory approvals and other customary closing conditions.

  • Sherwin-Williams has acquired 12 firms, including one in the past five years. One acquisition came from private equity firms.

Drivers of Pipe Coatings Market

The high call in the target market is credited to the increasing pipeline business worldwide. Also, the call is driven by the escalating technological developments in the pipeline coatings industry. Pipe coatings have risen as a price-effective and efficient solution for maintaining pipeline probity. The oil & gas segment remains the major customer of pipe coatings and is probable to show major calls for such coatings in the next coming years. The worldwide consumption of oil and gas continues to escalate due to a number of macro-economic factors. Pipe coatings come with many advantages like enhanced flow assurance, a reduced price of energy, and corrosion prevention that make it a suitable product for pipeline integration management.

The pipe coating industry is driven mainly by the industrial sector of the end-user business. Apart from that, the abrasion resistance overlay (ARO) is a trendsetter in the pipe coating market. Also, regional stringent government rules for the environment and health safety (EHS), assists in the expansion of the pipe coating industry. The fast expansion of end-use businesses, like oil and gas, is estimated to be a major force triggering the development of the global pipe coating industry. Transportation of crucial liquids through pipelines needs proper maintenance of pipes to avoid losses. Governments around the globe are putting stringent rules relating to VOCs that create the requirement for the advancement of the latest and eco-friendly products like water-based coatings that are estimated to drive the industry’s expansion. The focus of government across key regions to improve sewage and potable water infrastructure is also estimated to boost industry expansion over the foreseen period.

Worldwide, the increasing requirement for smooth transportation of oils and acids, and higher shelf life, increasing advancement of infrastructure, stringent government rules for the environment and health safety (EHS) across the world, and escalating shale gas development activities in North America are the major growth drivers of the global pipe coating industry. In addition to that, the emergence and increasing focus on mobile coating technology, escalation in the adoption of pipe coating for applications in new business vertical, and growing economies like China, India, and others, will create new opportunities for the worldwide pipe coating industry.

Challenges in the Pipe Coatings Market

Nevertheless, the higher price of pipe coating and oversupply situations of crude oil are the major restraints for the worldwide pipe coating industry. The escalating raw material price that further adds to the price of manufacturing may prove to be a key challenge for the global pipe coating industry over the outlook period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

6.8%

Segments Covered

By Type, Form, End-user and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

PPG Industries Inc. (US), Akzo Nobel N.V. (Netherlands), Shawcor Ltd. (Canada), Sherwin-Williams Company (US), Axalta Coating Systems Ltd. (US), Arkema (France), Wasco Energy Group of Companies (Malaysia), 3M Company (US), Specialty Polymer Coatings Inc (Canada) and Seal For Life (Netherlands)

 

Pipe Coatings Market

Pipe Coatings Market Segmentation

Pipe Coatings Market - By Pipe Surface

  • External
  • Internal

Pipe Coatings Market - By Form

  • Liquid coating
  • Powder coating

Among the two forms present in the pipe coatings industry, powder coatings are the leading and the quickest-developing sector.

Pipe Coatings Market - By Product Type

  • Metallic Coatings
  • Concrete coatings
  • Fusion Bonded epoxy powder coatings
  • Thermoplastic polymer coating
  • Others

The thermoplastic polymer is the most significant type of pipe coatings employed in various end-use businesses. The industry for thermoplastic polymer coatings is huge because these polymers provide different benefits like resistance to chemicals and physical stress, high flexibility, and easy applicability.

Pipe Coatings Market - By End-Use Industry

  • Industrial
  • Drainage and Sewage
  • Potable Water
  • Oil and Gas
  • Others

Oil & gas is the prominent end-use business of pipe coatings owing to the high call for oil & gas across the globe. Pipe coatings are employed for protecting pipelines from corrosion, and therefore pipe coatings are employed on a huge scale in the oil & gas business.

Pipe Coatings Market Regional Analysis:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

North America is estimated to be the dominating region in the global pipe coatings industry, on the basis of value and volume, between 2020 and 2025. Nations in this region, like the U.S., Canada, and Mexico, are experiencing a high escalation in the usage of pipe coatings by various end-use businesses. The escalated call for pipelines in end-use businesses like oil & gas, water & wastewater treatment, chemical processing, and others is driving the for the local pipe coatings industry. The U.S. is estimated to be the quickest developing area in this region until 2025. Following North America in the Middle East and Africa (MEA), where Saudi Arabia, Qatar, etc., are promising areas for the pipe coating industry, which is supported by the crucial manufacturing of petroleum and other liquids. In the Asia Pacific, China, India, Taiwan, Japan, South Korea are significant for the expansion of the pipe coating industry. Europe, driven by UK, France, Italy, and Germany pipe coating industry size, may experience steady profits due to the availability of different companies in this vicinity. Escalating steel calls along with different operations accompanied by-product use should drive regional business expansion.

Pipe Coatings Market Key Players:

  1. PPG Industries Inc. (US),

  2. Akzo Nobel N.V. (Netherlands),

  3. Shawcor Ltd. (Canada),

  4. Sherwin-Williams Company (US),

  5. Axalta Coating Systems Ltd. (US),

  6. Arkema (France),

  7. Wasco Energy Group of Companies (Malaysia), 

  8. 3M Company (US),

  9. Specialty Polymer Coatings Inc (Canada)

1. Introduction                 

               1.1 Market Definition     

               1.2 Scope of the report  

               1.3 Study Assumptions   

               1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                           

               2.1 Analysis Design          

               2.2 Research Phases       

                              2.2.1 Secondary Research

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling

                              2.2.4 Expert Validation

               2.3 Study Timeline           

3. Report Overview                        

               3.1 Executive Summary  

               3.2 Key Inferencees        

4. Market Dynamics                       

               4.1 Impact Analysis         

                              4.1.1 Drivers

                              4.1.2 Restaints

                              4.1.3 Opportunities

               4.2 Regulatory Environment        

               4.3 Technology Timeline & Recent Trends              

5. Competitor Benchmarking Analysis                     

               5.1 Key Player Benchmarking       

                              5.1.1 Market share analysis

                              5.1.2 Products/Service

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape        

               5.3 Joint Ventures & Collaborations          

6. Market Segmentation               

               6.1 Pipe Coatings Market, By Pipe Surface             

                              6.1.1 External

                              6.1.2 Internal

                              6.1.3 Market Size Estimations & Forecasts (2019-2024)

                              6.1.4 Y-o-Y Growth Rate Analysis

                              6.1.5 Market Attractiveness Index

               6.2 Pipe Coatings Market, By Form           

                              6.2.1 Liquid Coating

                              6.2.2 Powder Coating

                              6.2.3 Market Size Estimations & Forecasts (2019-2024)

                              6.2.4 Y-o-Y Growth Rate Analysis

                              6.2.5 Market Attractiveness Index

               6.3 Pipe Coatings Market, By Product Type            

                              6.3.1 Metallic Coating

                              6.3.2 Concrete Coating

                              6.3.3 Fusion Bonded Epoxy Powder Coating

                              6.3.4 Thermoplastic Polymer Coatings

                              6.3.5 Market Size Estimations & Forecasts (2019-2024)

                              6.3.6 Y-o-Y Growth Rate Analysis

                              6.3.7 Market Attractiveness Index

               6.4 Pipe Coatings Market, By End-Use Industry     

                              6.4.1 Industrial

                              6.4.2 Drainage and Sewage

                              6.4.3 Potable Water

                              6.4.4 Market Size Estimations & Forecasts (2019-2024)

                              6.4.5 Y-o-Y Growth Rate Analysis

                              6.4.6 Market Attractiveness Index

7. Geographical Landscape                         

               7.1 Global Identity Governance and Administration Market, by Region        

               7.2 North America - Market Analysis (2018 - 2024)             

                              7.2.1 By Country

                             

                             

                              7.2.2 By Pipe Surface

                              7.2.3 By Form

                              7.2.4 By Product Type

                              7.2.5 By End-Use Industry

               7.3 Europe         

                              7.3.1 By Country

                             

                             

                             

                             

                             

                             

                              7.3.2 By Pipe Surface

                              7.3.3 By Form

                              7.3.4 By Product Type

                              7.3.5 By End-Use Industry

               7.4 Asia Pacific  

                              7.4.1 By Country

                             

                             

                             

                             

                             

                             

                             

                              7.4.2 By Pipe Surface

                              7.4.3 By Form

                              7.4.4 By Product Type

                              7.4.5 By End-Use Industry

               7.5 Latin America            

                              7.5.1 By Country

                             

                             

                             

                             

                              7.5.2 By Pipe Surface

                              7.5.3 By Form

                              7.5.4 By Product Type

                              7.5.5 By End-Use Industry

               7.6 Middle East and Africa            

                              7.6.1 By Country

                             

                             

                              7.6.2 By Pipe Surface

                              7.6.3 By Form

                              7.6.4 By Product Type

                              7.6.5 By End-Use Industry

8. Key Player Analysis                    

               8.1 PPG Industries Inc     

                              8.1.1 Business Description

                              8.1.2 Products/Service

                              8.1.3 Financials

                              8.1.4 SWOT Analysis

                              8.1.5 Recent Developments

                              8.1.6 Analyst Overview

               8.2 Akzo Nobel N.V         

               8.3 Shawcor Ltd.              

               8.4 Sherwin-Williams Company   

               8.5 Axalta Coating Systems Ltd   

               8.6 Arkema        

               8.7 Wasco Energy Group of Companies   

               8.8 3M Company             

               8.9 Specialty Polymer Coatings Inc            

               8.10 Seal For Life             

9. Market Outlook & Investment Opportunities                   

Appendix                           

               List of Tables     

               List of Figures    

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Surface, By Form, By Type, By End-use and along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Pipe Coatings Market By Region, From 2021-2026( USD Billion )

  2. Global Pipe Coatings Market By Pipe Surface, From 2021-2026( USD Billion )

  3. Global External Market By Region, From 2021-2026( USD Billion )

  4. Global Internal Market By Region, From 2021-2026( USD Billion )

  5. Global Pipe Coatings Market By Form, From 2021-2026( USD Billion )

  6. Global Liquid Coating Market By Region, From 2021-2026( USD Billion )

  7. Global Powder Coating Market By Region, From 2021-2026( USD Billion )

  8. Global Pipe Coatings Market By Product Type, From 2021-2026( USD Billion )

  9. Global Metallic Coating Market By Region, From 2021-2026( USD Billion )

  10. Global Concrete Coating Market By Region, From 2021-2026( USD Billion )

  11. Global Fusion Bonded Epoxy Powder Coating Market By Region, From 2021-2026( USD Billion )

  12. Global Thermoplastic Polymer Coatings Market By Region, From 2021-2026( USD Billion )

  13. Global Pipe Coatings Market By End-Use Industry, From 2021-2026( USD Billion )

  14. Global Industrial Market By Region, From 2021-2026( USD Billion )

  15. Global Drainage and Sewage Market By Region, From 2021-2026( USD Billion )

  16. Global Potable Water Market By Region, From 2021-2026( USD Billion )

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