According to a new market report published by Lucintel, the future of the pipe coating market looks promising with opportunities in the oil & gas, water & wastewater treatment, chemical processing, infrastructure, mining, and agriculture industries. The global pipe coating market is expected to grow with a CAGR of 4%-5% from 2020 to 2025. The major drivers for this market are growing pipeline industry, increasing technological advancements in the pipeline coating market, rising long distance transportation activities of fluids, and a surge in demand for high quality, corrosion resistant pipeline systems.
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Pipe coatings is a cost-effective and efficient solution for maintaining pipeline integrity. In this market, thermoplastic polymer coatings, fusion bonded epoxy coatings, concrete coatings, and bituminous coatings are the major types of pipe coating. Lucintel forecasts that thermoplastic polymer coatings will remain the largest type segment over the forecast period, as they are resistant to chemicals and physical stress, highly flexible, and easily applicable.
Within this market, chemical processing will remain the largest end use industry over the forecast period due to increasing production of technologically developed polymers in the chemical industry.
North America will remain the largest region over the forecast period due to the presence of a large number of manufacturing companies and increasing pipeline construction spending in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for mobile coating technology and the adoption of green coatings, which are expected to offer significant opportunities for the pipe coating market during the forecast period. PPG Industries, Akzo Nobel, Shawcor, Sherwin-Williams, Axalta Coating Systems, Arkema, Wasco Energy Group of Companies, 3M, Specialty Polymer Coatings, and Seal For Life are among the major suppliers in the global pipe coating market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipe coating market by type, surface, form, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipe Coating Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pipe coating market by type, surface, form, end use, and region as follows:
By Type [Value ($ Million) Value shipment analysis for 2014 – 2025]:
Thermoplastic Polymer Coatings
Fusion Bonded Epoxy Coatings
Concrete Coatings
Bituminous Coatings
Others (Metallic Coatings, Coal Tar Enamel Coatings, and Polymeric Tapes)
By Surface [Value ($ Million) Value shipment analysis for 2014 – 2025]:
By Form [Value ($ Million) Value shipment analysis for 2014 – 2025]:
By End Use Industry [Value ($ Million) Value shipment analysis for 2014 – 2025]:
Oil & Gas
Water & Wastewater Treatment
Chemical Processing
Infrastructure
Mining
Agriculture
Others (Paper & Pulp, and Other Industrial Purposes)
By Region [Value ($ Million) Value and shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United kingdom
Germany
France
Italy
Spain
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.