Pipe Coating Market Forecasts to 2028 – Global Analysis By Type (Metallic Coatings, Fusion Bonded Epoxy Coatings, Polypropylene and Other Types), Form (Powder Coatings and Liquid Coatings), Surface (Internal Surface and External Surface), End User and By

Pipe Coating Market Forecasts to 2028 – Global Analysis By Type (Metallic Coatings, Fusion Bonded Epoxy Coatings, Polypropylene and Other Types), Form (Powder Coatings and Liquid Coatings), Surface (Internal Surface and External Surface), End User and By Geography

According to Stratistics MRC, the Global Pipe Coating Market is accounted for $7.12 billion in 2022 and is expected to reach $10.39 billion by 2028 growing at a CAGR of 6.5% during the forecast period. The pipe coatings produce surface properties such as thermal protection, color, wear, and electrical resistance. Pipes are used in a variety of applications including petroleum and gas transportation, chemicals, water, other industrial processes, gas treatment equipment, fire suppression systems, and water treatment plants. Pipe coating protects the pipe's metal surface from wear, corrosion, and other reactions. Pipe coating improves the performance and lifespan of the pipe. Pipe coating improves the performance and life of the pipe. The choice of pipe coating depends on the type of application.

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:

Growth in the oil & gas and infrastructure industries

Global demand for oil and gas is likely to rise in the near future. Because of the significant depletion of energy and increased technical breakthroughs, rising energy demand drives the demand for oil and gas. As a result, the oil and gas industry is likely to drive the pipeline market, which is expected to facilitate the expansion of the pipe coatings market. The market is also predicted to expand in emerging economies. As APAC and South America's growing economies become more involved in manufacturing, the region's infrastructure is being modernized to ease commerce.

Restraint:

High content of volatile organic compounds (VOCs) in pipe coatings

The different solvent-based coatings used in pipes nowadays have a high VOC level. These VOCs and HAPS (Hazardous Air Pollutant Sources) contained in coatings endanger the environment. High VOC levels in the atmosphere pose health risks, produce pollution, and contribute to the greenhouse effect. Adopting low-solvent or non-solvent coatings frequently necessitates a large capital investment in new equipment, improved surface preparation requirements for better wetting and flow, and more technical experience and training on the application. The use of solvent-based coatings is expected to witness limited growth in the future due to the implementation of stringent regulations on VOC emissions.

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. The installation of a mobile coating facility is simple, and it has the same production capacity as a stationary factory.

Threat:

Unfavorable weather conditions and harsh terrains

New pipelines constructed 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. In addition, as new and larger diameter pipelines are constructed in remote areas, where harsh terrains and climates are often unfavorable, pipeline integrity is a concern.

Covid-19 Impact

The world faced 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 circumstances. As a result, several industries have experienced negative growth. The construction industry saw negative growth because it was completely non-operational. 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. The thermoplastic polymer is the most common type of pipe coating used in a variety of end-use industries. The industry for thermoplastic polymer coatings is massive since these polymers have numerous benefits such as chemical and physical stress resistance, high flexibility, and ease of application.

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, due to the widespread demand for oil and gas. Furthermore, features such as enhanced corrosion, abrasion, and chemical resistance are projected to boost demand for these coatings. The rising usage of pipe coatings in municipal water supply, oil & gas, industrial, and chemical processing, among other end-use industries, has contributed significantly to the growth of the pipe coatings market in all regions.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period because end-use industries' demand is rising, particularly for pipe coatings used in the oil and gas industry, water and wastewater treatment, and so on. Furthermore, the need for pipe coatings is being driven primarily by rising demand from the oil and gas industry and other end-use industries. The evolution of oil and gas demand, as well as the increasing usage of pipe coatings in the construction, electrical, and wastewater industries, as well as chemical treatment, will drive market growth in the Pipe Coatings Market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, ascribed to the rapidly growing demand for pipe coatings from end-use sectors, particularly water and wastewater treatment and oil and gas. Furthermore, rising demand for pipe coatings is being driven mostly by rising demand from the oil and gas industries, among other end-use industries. Countries in this region, including as the United States, Canada, and Mexico, are seeing a significant increase in the use of pipe coatings by a variety of end-use businesses. The United States is expected to be the fastest growing country in this region until 2025.

Key players in the market

Some of the key players profiled in the Pipe Coating Market include Shawcor, Specialty Polymer Coating, BASF, 3M, AkzoNobel, DowDupont, Axalta Coating Systems, Arkema, The Sherwin-Williams Company, PPG Industries, Celanese Corporation and Lyondellbasell Industries Holdings B.V.

Key Developments:

In January 2021, AkzoNobel signed an agreement with Guangdong Province to supply powder coatings to China’s groundbreaking water pipeline.

In February 2021, Arkema acquired Poliplas, a hybrid technology sealants and adhesives leader. The acquisition will increase its presence in the fast-growing Brazilian construction adhesives.

Types Covered:
• Metallic Coatings
• Fusion Bonded Epoxy Coatings
• Polypropylene
• Bituminous Coatings
• Polytetrafluoroethylene (PTFE)
• Polyethylene
• Concrete Coatings
• Polyurethane
• Thermoplastic Polymer Coatings
• Other Types

Forms Covered:
• Powder Coatings
• Liquid Coatings

Surfaces Covered:
• Internal Surface
• External Surface

End Users Covered:
• Agriculture
• Chemical Processing
• Marine
• Mining
• Infrastructure
• Oil & Gas
• Water and Wastewater Treatment
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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