Global Pipe Coating Market Is Likely To Grow At A CAGR Value Of Around 4.5% By 2028

The Pipe Coating Market was worth around USD 7215.2 million in 2021 and is estimated to grow to about USD 9396.06 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Pipe coatings are a type of material that is applied to pipes to fill any gaps. They are corrosion-resistant coatings that are applied to both the inside and outside of pipes. The features of this pipe coating offer more advantages. It can improve wear resistance, flow, and corrosion resistance. The increase in shale oil and gas production, growing infrastructure and industrialization, increase in irrigation and agricultural activities, and rising energy demand are the major factors driving the market's growth in the forecast period. In addition, the need for smooth transportation of oils and acids, as well as longer shelf life, infrastructure construction, and stringent government regulations for environmental and health safety (EHS) around the world, are some of the other factors contributing in the growth of the market in the coming years. The rising demand for oil and gas will lead to more each of these facilities. This will benefit the pipe coatings market in the long run. Moreover, the rise in acceptance of pipe coating for applications in a newer industry vertical, as well as emerging economies such as China, India, and others, will further propel the growth of the market in the approaching years. However, the plunging oil prices as a result of oversupply, operational challenges in newly discovered energy reserves, and competition from renewable energy substitutes are all stifling the market's growth.

The Pipe Coating Market is segregated based on Type, Form, End-Use Industry. Based on Type, the global market is distinguished into Thermoplastic Polymer Coatings, Fusion Bonded Epoxy Coating, Bituminous, Concrete, Others. Based on Form, the global market is distinguished into Liquid, Powder. Based on End-Use Industry, the global market is distinguished into Oil & Gas, Water and Waste Water, Chemical Processing, Mining, Agriculture, Others.

During the forecast period, North America dominated the market. The domination is attributable to the increasing E&P activities in the region. In addition, the rapid growth in technological advancement is one of the factors that is driving the growth of the market. Moreover, the presence of the major market players in the region is allowing the market to flourish. The Asia-Pacific region is expected to be one of the fastest-growing regions on the globe. The growth of the APAC region can be attributed to the rapidly growing End-use industries, particularly water and wastewater treatment and oil and gas. Moreover, the growing demand for pipe coatings is primarily driven by the oil and gas industry, among other end-use industries. In addition, due to the strong growth in the construction sector in countries like India, Indonesia, China, Vietnam, and Singapore, demand for construction pipes has increased in the region.

Key players functioning in the Pipe Coating Market include PPG Industries (US), Akzo Nobel N. V. (Netherlands), The Sherwin-Williams Company (US), ShawCor (Canada), and Axalta Coating Systems Ltd. (US).

Recent developments:

• In 2022, Grupo Orbis will be acquired by AkzoNobel in order to strengthen its position in South and Central America. In addition to generating value through global and regional product and service innovation, AkzoNobel will be able to better serve customers across more geographies and enter new markets as a result of the planned acquisition.
• In 2021, Arkema acquires Ashland performance adhesives. This project is perfectly aligned with the Group's goal of becoming a pure Specialty Materials player by 2024, with a focus on sustainable and high-performance solutions.

Browse the full “Pipe Coating Market By Type (Thermoplastic Polymer Coatings, Fusion Bonded Epoxy Coating, Bituminous, Concrete, Others.). By Form (Liquid, Powder). By End-Use Industry (Oil & Gas, Water and Waste Water, Chemical Processing, Mining, Agriculture, Others).” Report at https://www.zionmarketresearch.com/report/pipe-coating-market

Pipe Coating Market is segmented as follows:

By Type

• Thermoplastic Polymer Coatings
• Fusion Bonded Epoxy Coating
• Bituminous
• Concrete
• Others

By Form

• Liquid
• Powder

By End Use Industry

• Oil & Gas
• Water and Waste Water
• Chemical Processing
• Mining
• Agriculture
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com