Global Pipe Coatings Market Opportunities and Forecast 2023-2030

Pipe Coatings Market Overview

The global demand for oil & gas is expected to increase soon. The increasing energy demand drives the demand for oil & gas because of the high depletion of energy and higher technological developments. Hence, the oil & gas trade is predicted to drive the pipeline market, which is, in turn, expected to facilitate the expansion of the pipe coatings market. The market is also expected to grow in rising economies. because the rising countries of APAC and South America become a lot of engaged within the producing sector, the regions’ infrastructure is being upgraded to facilitate trade
 
According to a recent study, the worldwide infrastructure defrayment in APAC is predicted to grow by close to forty eighth, by 2025. APAC’s infrastructure market is predicted to succeed in USD five.3 trillion by 2025. Hence, the expansion within the pipeline market may be a large driver for the pipe coatings market. additionally, in South America, the demand for gas is driving the pipeline market, thereby fueling the growth of the pipe coatings market.
 
The various solvent-based coatings utilized in pipes, currently, have a high VOC content. These VOCs and HAPS (Hazardous Air pollutant Sources) components gift within the coatings create a threat to the environment. High VOC free into the atmosphere create health hazards and cause pollution and contributes to the greenhouse effect. Adopting low-solvent or non-solvent coatings usually demands high capital investment for brand spanking new instrumentation, increased surface preparation necessities for higher wetting and flow, and a lot of technical expertise and coaching on the applying. finish users should pay additional ab initio to make amends for the extra prices as compared to the value related to standard solvent-based systems. the employment of solvent-based coatings is predicted to witness restricted growth within the future because of the implementation of rigorous rules on VOC emissions.

Report Metric	Details
Market size available for years	2023–2030
Base year considered	2023
Forecast period	2024–2030
Forecast unit	Value (USD Million)
Segments covered	Grade, Application and Region
Regions covered	North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered	L.B. Foster Ball Winch, ShawCor Ltd.,Tenaris, The Bayou Companies, BASF SE, Arkema S.A., AkzoNobel N.V., LyondellBasell Industries Holdings B.V.

The covid-19 Impact on Pipe Coatings Market:

Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
 
Pipe Coatings Market Segment Overview



By Surface Type ,External Coating is estimated to lead the pipe coatings market in forecast period ,The market for external coatings is projected to be the larger and also the faster-growing surface within the pipe coatings market. External corrosion is that the major reason for the deterioration of the buried transmission pipelines. The installation of pipelines is costly; hence, external surface coatings play a very important role in protecting these pipelines from corrosion and extending their lifespans.
 
By Product Type , Thermoplastic polymer coatings is estimated  to largest share in forecast period, Thermoplastic polymer coatings was the most important section in terms useful in 2020 compared to the opposite varieties of pipe coatings. The high demand for thermoplastic chemical compound coatings is attributed to its wonderful properties and a broad spectrum of applications in numerous end-use industries. Thermoplastic polymer coatings are expected to rise significantly within the pipe coatings market during the forecast period.
 
By Industry  Vertical , Oil & gas is that the largest share business of pipe coatings. The ascent within the oil & gas section drives the market of pipe coatings globally. what is more, properties, together with superior resistance to corrosion, abrasion, and protection from chemical attacks, are expected to drive the demand for these coatings. vital development of the pipe coatings market all told the regions are often attributed to the enlarged use of pipe coatings in municipal facility, oil & gas, industrial, chemical process, among different end-use industries.
 
Market Analysis, Insights and Forecast – By Surface Type
·       External
·       Internal

Market Analysis, Insights and Forecast – By Product Type

• Metallic Coating
  • Galvanization (Zinc)
  • Electroplating (Chromium)
  • Cadmium Plating
  • Others
• Concrete Coating
• Fusion Bonded Epoxy Powder Coating
• Thermoplastic Polymer Coating
  • Polyethylene
  • Polypropylene
  • Polyurethane Coating
  • TEFLON
  • Others
• Others (coal tar enamel, asphalt)

Market Analysis, Insights and Forecast – By  Industry Vertical
·       Oil & Gas,
·       Water & Waste Water,
·       Chemical Processing,
·       Mining,
·       Agriculture
 
Pipe Coatings Market Regional Overview

Region-wise, in terms of regions, North America accounted for the largest market share followed by APAC and Europe. The growth of APAC can be attributed to the rapidly increasing demand for pipe coatings from end-use industries, especially water & wastewater treatment and oil & gas. Furthermore, the demand for pipe coatings is mainly triggered by growing demand from oil & gas, among other end-use industries

 Pipe Coatings Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Pipe Coatings Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Pipe Coatings are highlighted below.
 
·       In 2023, Axalta Coating Systems Ltd. acquired Capital Paints LLC (UAE), that specializes in architectural powder coatings. This acquisition is done to provide better support and technical services to local customers within the oil & gas and architectural segments whereas additionally serving to the corporate enter the markets within the Middle Eastern region.

Pipe Coatings Market, Key Players

·       L.B. Foster Ball Winch,
·       ShawCor Ltd.,
·       Tenaris,
·       The Bayou Companies,
·       BASF SE,
·       Arkema S.A. ,
·       AkzoNobel N.V. ,
·       LyondellBasell Industries Holdings B.V

Frequently Asked Questions (FAQ) :

Q1. What is the total CAGR expected to be recorded for the Pipe Coatings market during the forecast period?

Q2. Which segment is projected to hold the largest share in the Pipe Coatings Market?

Q3. What are the driving factors for the Pipe Coatings market?

Q4. Which Segments are covered in the Pipe Coatings market report?

Q5. Which are the prominent players offering Pipe Coatings ?