Zion Market Research, the market research group announced the analysis report titled ‘Pipe Coating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Pipe Coating Market: Overview
A protective coating that is put on the metal surfaces in order to prevent the corrosion of the pipes is known as pipe coating. The pipe coatings can be put on both the sides, that is, internally and externally. The pipe coatings can be applied from a single layer to triple layer so that it is protected from the harsh environment conditions. Apart from protection from the corrosion it also protects the pipe from abrasion. The selection of the pipe coatings depends upon several factors such as economic consideration, technical properties requirement, performance level, regulatory concerns, etc.
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Global Pipe Coating Market: Segmentation
The pipe coating market is globally segmented into its type, end-user industry, and regions. On the basis of type, the global market is segregated into thermoplastic coatings, metal coatings, fusion bonded epoxy, and concrete weight coatings. Based on the end-use industry, the market is categorized into oil & gas, chemical processing, industrial, municipal water supply, and others. Region-wise, the global pipe coatings market is diversified into North America, Asia-Pacific, Europe, and Rest of the world.
Global Pipe Coating Market: Growth Factors
Oil and gas industry is the major end-user of the pipe coating market. This is owing to the factor that there is always transportation of heavy liquids and oil; hence, the life span of the pipe if of great importance. The market growth had declined when there was a dip in the oil and gas industry. The other end-user segment that has great demand for the pipe coatings is the industrial segment. The need to have a long life for the pipes has gained much importance in the industrial sectors as the transportation of acids and oils are very risky. Abrasion resistance overlay is the popular product in the pipe coatings solutions. Thermoplastic coatings are widely used as these pipes are cheap and light weight than epoxy, polyester, and vinyl-ester-based pipes. These pipes are used in application areas such as irrigation, mining, sewage, construction, and chemical processing. Thus the market for the pipe coatings is in huge demand. The factor that restrains the market growth is the stringent government regulations imposed by the government for the safety of the human health and environment.
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Global Pipe Coating Market: Regional Analysis
The region that holds the largest market share in the pipe coating market is the North America. The reason for this dominance is the presence of the major market players in the region. The increase in pipeline constructions in the region has increased the demand for the pipe coatings in the North America. In the Middle East and African regions, the market growth is attributed to the factors such as the abundance of the shale gas and oil reserves, increased production in the shale operations, and the deepwater activities in the Gulf of Mexico.
Global Pipe Coating Market: Competitive Players
The major market players in the pipe coating market include Akzo Nobel N.V., BASF SE, Covestro AG, Wasco Energy Group of Companies, Lyondellbasell Industries Holdings B.V., The Dow Chemical Company, Arkema S.A., Celanese Corporation, E.I. Du Pont De Nemours & Co., and Tenaris SA.
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Global Pipe Coating Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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