Global Pipeline Field Joint Coating Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Pipeline Field Joint Coating Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A field joint is the area where two pipeline sections meet and are welded together. This area must be applied with anti-corrosion coatings to protect the bare steel area from corrosion. Field joint coating is critical and valuable for pipelines to protect both the joints and the outer layer of the pipeline. Pipeline Field Joint Coating is considered the most precise technique for corrosion prevention and enhancing pipelines’ life span.

Market Overview:

The latest research study on the global Pipeline Field Joint Coating market finds that the global Pipeline Field Joint Coating market reached a value of USD 879.02 million in 2023. It’s expected that the market will achieve USD 1122.12 million by 2029, exhibiting a CAGR of 4.15% during the forecast period.

Consumer Behavior Analysis

Consumers of Pipeline Field Joint Coating products primarily consider ease of use. Due to the complexity of on-site pipe joint work and the construction deadline requirements, Pipeline Field Joint Coating products can be quickly and efficiently deployed on pipe joints, which can save a lot of time in pipeline construction, thereby reducing costs. In addition, as technology advances, some Pipeline Field Joint Coating products no longer require time-consuming startup, additional equipment, and cumbersome protection measures for personnel and the environment. These Pipeline Field Joint Coating products may bring more benefits to pipeline transportation systems in the future.

The importance of Pipeline Field Joint Coating to pipeline transportation systems.

Corrosion is one of the leading causes of failure in both subsea and onshore pipeline transportation systems. Major catastrophic failures recorded in recent history have linked corrosion failures to health, safety, and environmental consequences for operators and the public. Therefore, it is critical to design appropriate in-situ joint coatings to handle extreme environmental and service conditions.

On-site construction challenges.

Mainline coatings are typically applied using specialized equipment under ideal factory conditions, and the time spent on surface preparation and application is not critical. Because field joint coating is applied on site, it is subject to extreme environmental factors that vary in environmental conditions. The properties of the soil around the pipeline and its microorganisms are closely related to the strength of the corrosion. However, the properties of the soil involved in long-distance transportation pipelines are complex and changeable, and groundwater, plant roots, etc. will all cause corrosion to the pipeline.

Region Overview:

In 2022, the share of the Pipeline Field Joint Coating market in North America stood at 35.07%.

Company Overview:

Axalta Coating Systems
Axalta Thermoplastic Powders has been working in the coating industry for over 60 years and has a unique blend of experience, from formulation and powder manufacture to coating and equipment. Today Axalta combines this knowledge and understanding of the market to design the best protective thermoplastic powder coatings available. Axalta Thermoplastic Powders has a wide range of products to deal with all coating scenarios, from harsh corrosive environments to the coating of playground equipment, and pride ourselves on having the greenest and safest solutions in the industry.

3M

3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota.

Axalta Coating Systems is one of the major players operating in the Pipeline Field Joint Coating market, holding a share of 18.89% in 2023.

Segmentation Overview:

Among different product types, Epoxy segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Oil & Gas segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pipeline Field Joint Coating market covered in Chapter 3:

PPG Industries
ShawCor
3M
DENSO Group
The Sherwin-Williams Company
Axalta Coating Systems
Canusa-CPS

In Chapter 4 and Chapter 14.2, on the basis of types, the Pipeline Field Joint Coating market from 2019 to 2030 is primarily split into:

Tapes and Multilayer Coatings
Heat Shrink Sleeves
Visco-Elastic Coatings
Epoxy
Urethane

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pipeline Field Joint Coating market from 2019 to 2030 covers:

Oil & Gas
Water & Wastewater Treatment
Renewable Energy
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)