Gandhinagar News

Growth in the Oil & Gas and Infrastructure Industries driving the Pipe Coatings Market

 Breaking News
  • No posts were found

Growth in the Oil & Gas and Infrastructure Industries driving the Pipe Coatings Market

June 03
21:10 2021
Growth in the Oil & Gas and Infrastructure Industries driving the Pipe Coatings Market

Browse 138 market data Tables and 56 Figures spread through 187 Pages and in-depth TOC on “Pipe Coatings Market”
Pipe Coatings Market by Type (Thermoplastic Polymer Coatings, Fusion Bonded Epoxy Coatings, Concrete Coatings, Bituminous Coatings), Surface (External Surface, Internal Surface), Form, End-use Industry and Region

The global pipe coatings market is estimated to grow from USD 6.9 billion in 2020 to reach USD 8.5 billion by 2025, at a CAGR of 4.5% during the forecast period. The high demand is attributed to the growing pipeline industry globally. Also, the demand is driven by the increasing technological advancements in the pipeline coatings market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98303023

Oil & gas is the largest end-use industry of pipe coatings due to the high demand for oil & gas across the world. Pipe coatings are used for protecting pipelines from corrosion, and hence pipe coatings are used on a large scale in the oil & gas industry. Further, the market of oil & gas currently is witnessing growth in upstream, midstream and downstream activities, which is driving the market for pipe coatings.

The thermoplastic polymer coatings type is the largest segment of the pipe coatings market.

Thermoplastic polymer is the largest type of pipe coatings used in different end-use industries. The market for thermoplastic polymer coatings is large because these polymers offer various advantages such as resistance to chemicals and physical stress, high flexibility, and easy applicability. Polyethylene (PE) coatings are the largest type of thermoplastic polymer coatings. Other types of thermoplastic polymer coatings are polypropylene (PP) and polyurethane (PU) coatings.

The external surface is the largest segment of the pipe coatings market.

Amongst the two surfaces available in the pipe coatings market, the external surface is the largest and the fastest-growing segment. This is because External coating protects the pipelines from corrosion caused by soil and other materials contained in backfill. External surface coating is the primary protection for the pipes against external corrosion. The external corrosion protection is a must for the lifetime and reduced operation cost of a pipeline. Therefore, external surface is the largest as well as the fastest-growing surface for the pipe coatings market.

North America is expected to hold the largest market share in the global pipe coatings market during the forecast period.

North America is expected to be the leading region in the pipe coatings market, in terms of value and volume, between 2020 and 2025. Countries in this region, such as the U.S., Canada and Mexico, are witnessing a significant increase in the use of pipe coatings by different end-use industries. The increased demand for pipelines in end-use industries such as oil & gas, water & wastewater treatment, chemical processing, and others is driving the for pipe coatings market. The U.S. is projected to be the fastest-growing market in this region until 2025. This growth is mainly due to increased demand for pipelines and rehabilitation activities in the country.

PPG Industries Inc. (US), Akzo Nobel N.V. (Netherlands), Shawcor Ltd. (Canada), Sherwin-Williams Company (US), and 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) are the leading pipe coatings manufacturers, globally.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=98303023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/pipe-coatings-market-98303023.html

Categories