PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273292
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273292
Pipe Coatings Market Forecasts to 2028 - Global Analysis By Type, Pipe Surface, Form, End User and By Geography
According to Stratistics MRC, the Global Pipe Coatings Market is accounted for $8.3 billion in 2022 and is expected to reach $13.7 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Pipe coatings are protective coatings applied to the interiors and exteriors of pipelines to prevent corrosion. The pipe coatings market is divided into two segments: exterior coatings and inside coatings. External corrosion is typically caused by oxide development as a result of exposure to air and water, whereas internal corrosion is caused by chemically active components present in the pipeline stream reacting with the pipe material. Pipe coating has been found to be the most reliable way of corrosion protection due to its higher wear resistance, flow augmentation, and reduced abrasion effect.
According to BP, globally, oil production in 2021 increased by about 1.6% from the previous year and is expected to increase over the forecast period.
Market Dynamics:
Driver:
Increasing demand of pipe coating
The rapid rise of end-user industries such as the oil and gas industry has increased demand for process pipe coating, which is the primary driver driving the process Pipe Coating Market. To prevent leaks, the pipelines that carry the fluids must be adequately maintained. The government is implementing rigorous VOC laws, increasing the demand for sophisticated and eco-friendly items such as water-based coatings to expand the process pipe coating business. Another factor that will help the sector's development is the government's increasing emphasis on modernising potable water systems and sewer lines.
Restraint:
Volatility in raw material prices
Uncertainty in the costs of raw materials for pipe coating is one of the major issues for manufacturers. The greatest challenge to the process pipe coating business is an increase in the cost of raw materials, which boosts the cost of manufacturing and has a negative influence on market development. Increasing raw material prices, which add to the cost of production, may prove to be a major problem for the worldwide process pipe coating business throughout the forecast period.
Opportunity:
Mobile coating technology
Mobile coating technology, also known as revolutionary portable coating technology, entails offering coating services at the project site. It improves project streamlining, lowering shipping and handling expenses as well as the time required to complete the coating. This method is utilised for pipe coatings and linings that require external anti-corrosion, mechanical protection, thermal insulation, and buoyancy control. This technique can minimise shipping and handling damage repair costs and allow pipeline builders to operate more efficiently. A mobile coating facility is simple to set up and has the same output capacity as a stationary unit.
Threat:
Unfavourable weather conditions and harsh terrains
New pipelines erected in terrains such as rocky soil, mountains, steep slopes, rivers, and roads with wet, frozen, or silty/clay trench materials create new obstacles for coatings providers, especially during inclement weather. The pipelines are installed in many isolated regions during exceptionally cold weather. These places have less infrastructural development and provide less support for pipeline operation. Furthermore, as new and larger diameter pipes are built in distant locations with difficult terrains and climates, pipeline integrity is an issue. The pipeline integrity effort is centred on corrosion prevention. These considerations provide a barrier to pipeline coaters, and thus to industry growth.
COVID-19 Impact:
The globe is facing a pandemic situation as a result of the new coronavirus's rapid spread. Several governments have declared a state of emergency in reaction to the current circumstances. As a result, several industries have experienced negative growth. The construction business experienced negative growth since it was completely inactive. The logistics and supply chains have been impacted. This resulted in a major decrease in the pipe coatings industry. However, following the lockdown, the market is expected to build up pace at a slow pace.
The thermoplastic polymer coatings segment is expected to be the largest during the forecast period
The thermoplastic polymer coatings segment is estimated to have a lucrative growth, due to its excellent properties and a broad spectrum of applications in various end-use industries. This area has a large industry because these polymers offer several benefits such as resistance to chemicals and physical stress, high flexibility, and ease of application. The thermoplastic polymer coatings PE, PP, and PU, which are all extensively employed in polyolefin coatings, are among the most commonly used types of pipe coating. 3LPE coatings are currently widely used because they offer the benefits of thermoplastic polymer coatings and epoxy fusion bonded coatings.
The oil & gas segment is expected to have the highest CAGR during the forecast period
The oil & gas segment is anticipated to witness the highest CAGR growth during the forecast period. The coatings for oil and gas applications are extremely resistant to high temperatures, chemicals, and corrosion. Pipes are required in the oil and gas industry for offshore and onshore petroleum production and refineries. The existence of the oil and gas industry in these countries produces a large demand for pipe coating goods. Furthermore, numerous oil-producing firms are investing more in boosting oil production to fulfil rising energy demand due to the booming population, creating even more need for pipe coating materials.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to the constantly expanding demand for pipe coatings from end-use sectors, particularly water and wastewater treatment and oil and gas. In Asia-Pacific, the construction sector has been witnessing strong growth in countries such as India, China and Singapore, owing to which the demand for construction pipes has been increasing in the region. A growing environmental regulatory system, rising water demand, and a scarcity of fresh water supply have all contributed to the creation of new water treatment facilities in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, due to the easy access & abundance of shale gas and newly discovered reserves of oil. Countries in this region, including as the United States, Canada, and Mexico, are seeing a rapid increase in the use of pipe coatings by various end-use businesses. The increased need for pipes in end-use industries such as oil and gas, water and wastewater treatment, chemical processing, and others is propelling the local pipe coatings sector. The United States is thought to be the fastest developing country in this region.
Key players in the market:
Some of the key players profiled in the Pipe Coatings Market include: Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc., Wasco Energy Group of Companies, 3M, The Sherwin-Williams Company, PPG Industries, AkzoNobel, Celanese Corporation, BSR Coatings, DuPont, Lyondellbasell Industries Holdings BV, Shawcor Ltd, Tenaris SA and Hempel Coatings.
Key Developments:
In July 2022, The Sherwin-Williams Company announced that it had completed its acquisition of the European industrial coatings business of Sika AG. The acquired business will become part of Sherwin-Williams' Performance Coatings Group operating segment.
In August 2021, PPG announced the introduction of PPG HI-TEMP 1027 HD coating, which is a next-generation, ambient-cure coating engineered for challenging corrosion-under-insulation (CUI) conditions. It provides excellent protection against corrosion on pipes, vessels, and construction parts when plants are in operation.
Types Covered:
- Bituminous
- Concrete
- Fusion Bonded Epoxy Coating
- Thermoplastic Polymer Coatings
- Other Types
Pipe Surfaces Covered:
- Internal
- External
Forms Covered:
- Powder Coating
- Liquid Coating
End Users Covered:
- Agriculture
- Chemical Processing
- Mining
- Oil & Gas
- Water and Waste Water
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Pipe Coatings Market, By Type
- 5.1 Introduction
- 5.2 Bituminous
- 5.3 Concrete
- 5.4 Fusion Bonded Epoxy Coating
- 5.5 Thermoplastic Polymer Coatings
- 5.6 Other Types
6 Global Pipe Coatings Market, By Pipe Surface
- 6.1 Introduction
- 6.2 Internal
- 6.3 External
7 Global Pipe Coatings Market, By Form
- 7.1 Introduction
- 7.2 Powder Coating
- 7.3 Liquid Coating
8 Global Pipe Coatings Market, By End User
- 8.1 Introduction
- 8.2 Agriculture
- 8.3 Chemical Processing
- 8.4 Mining
- 8.5 Oil & Gas
- 8.6 Water and Waste Water
- 8.7 Other End Users
9 Global Pipe Coatings Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Axalta Coating Systems Ltd.
- 11.2 BASF SE
- 11.3 PPG Industries Inc.
- 11.4 Wasco Energy Group of Companies
- 11.5 3M
- 11.6 The Sherwin-Williams Company
- 11.7 PPG Industries
- 11.8 AkzoNobel
- 11.9 Celanese Corporation
- 11.10 BSR Coatings
- 11.11 DuPont
- 11.12 Lyondellbasell Industries Holdings BV
- 11.13 Shawcor Ltd
- 11.14 Tenaris SA
- 11.15 Hempel Coatings
List of Tables
- Table 1 Global Pipe Coatings Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 4 Global Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 5 Global Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 6 Global Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 7 Global Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 8 Global Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 9 Global Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 10 Global Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 11 Global Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 12 Global Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 13 Global Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 14 Global Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 15 Global Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 16 Global Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 17 Global Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 18 Global Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 19 Global Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 20 Global Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 21 North America Pipe Coatings Market Outlook, By Country (2020-2028) ($MN)
- Table 22 North America Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 23 North America Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 24 North America Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 25 North America Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 26 North America Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 27 North America Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 28 North America Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 29 North America Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 30 North America Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 31 North America Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 32 North America Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 33 North America Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 34 North America Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 35 North America Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 36 North America Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 37 North America Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 38 North America Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 39 North America Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 40 North America Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 41 Europe Pipe Coatings Market Outlook, By Country (2020-2028) ($MN)
- Table 42 Europe Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 43 Europe Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 44 Europe Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 45 Europe Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 46 Europe Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 47 Europe Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 48 Europe Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 49 Europe Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 50 Europe Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 51 Europe Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 52 Europe Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 53 Europe Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 54 Europe Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 55 Europe Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 56 Europe Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 57 Europe Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 58 Europe Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 59 Europe Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 60 Europe Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 61 Asia Pacific Pipe Coatings Market Outlook, By Country (2020-2028) ($MN)
- Table 62 Asia Pacific Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 63 Asia Pacific Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 64 Asia Pacific Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 65 Asia Pacific Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 66 Asia Pacific Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 67 Asia Pacific Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 68 Asia Pacific Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 69 Asia Pacific Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 70 Asia Pacific Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 71 Asia Pacific Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 72 Asia Pacific Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 73 Asia Pacific Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 74 Asia Pacific Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 75 Asia Pacific Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 76 Asia Pacific Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 77 Asia Pacific Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 78 Asia Pacific Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 79 Asia Pacific Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 80 Asia Pacific Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 81 South America Pipe Coatings Market Outlook, By Country (2020-2028) ($MN)
- Table 82 South America Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 83 South America Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 84 South America Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 85 South America Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 86 South America Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 87 South America Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 88 South America Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 89 South America Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 90 South America Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 91 South America Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 92 South America Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 93 South America Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 94 South America Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 95 South America Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 96 South America Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 97 South America Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 98 South America Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 99 South America Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 100 South America Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 101 Middle East & Africa Pipe Coatings Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Pipe Coatings Market Outlook, By Type (2020-2028) ($MN)
- Table 103 Middle East & Africa Pipe Coatings Market Outlook, By Bituminous (2020-2028) ($MN)
- Table 104 Middle East & Africa Pipe Coatings Market Outlook, By Concrete (2020-2028) ($MN)
- Table 105 Middle East & Africa Pipe Coatings Market Outlook, By Fusion Bonded Epoxy Coating (2020-2028) ($MN)
- Table 106 Middle East & Africa Pipe Coatings Market Outlook, By Thermoplastic Polymer Coatings (2020-2028) ($MN)
- Table 107 Middle East & Africa Pipe Coatings Market Outlook, By Other Types (2020-2028) ($MN)
- Table 108 Middle East & Africa Pipe Coatings Market Outlook, By Pipe Surface (2020-2028) ($MN)
- Table 109 Middle East & Africa Pipe Coatings Market Outlook, By Internal (2020-2028) ($MN)
- Table 110 Middle East & Africa Pipe Coatings Market Outlook, By External (2020-2028) ($MN)
- Table 111 Middle East & Africa Pipe Coatings Market Outlook, By Form (2020-2028) ($MN)
- Table 112 Middle East & Africa Pipe Coatings Market Outlook, By Powder Coating (2020-2028) ($MN)
- Table 113 Middle East & Africa Pipe Coatings Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 114 Middle East & Africa Pipe Coatings Market Outlook, By End User (2020-2028) ($MN)
- Table 115 Middle East & Africa Pipe Coatings Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 116 Middle East & Africa Pipe Coatings Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 117 Middle East & Africa Pipe Coatings Market Outlook, By Mining (2020-2028) ($MN)
- Table 118 Middle East & Africa Pipe Coatings Market Outlook, By Oil & Gas (2020-2028) ($MN)
- Table 119 Middle East & Africa Pipe Coatings Market Outlook, By Water and Waste Water (2020-2028) ($MN)
- Table 120 Middle East & Africa Pipe Coatings Market Outlook, By Other End Users (2020-2028) ($MN)
