Pipe Coating

Pipe Coating

Global Pipe Coatings Market to Reach $9.4 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Pipe Coatings estimated at US$7 Billion in the year 2020, is projected to reach a revised size of US$9.4 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Thermoplastic Polymer Coatings, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$3.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Metal Coatings segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 7.3% CAGR

The Pipe Coatings market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.

Fusion Bonded Epoxy Coatings Segment to Record 5% CAGR

In the global Fusion Bonded Epoxy Coatings segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$893.5 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Akzo Nobel NV
• Arkema Group
• BASF SE
• Celanese Corporation
• Covestro AG
• DowDuPont, Inc.
• LyondellBasell Industries NV
• Tenaris SA
• Wasco Energy Group of Companies

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