Pipe Coatings Market Size, Top Global Key Players Updates- 3M, Wasco Energy Ltd., SHAWCOR, Arkema S.A

Market Overview:

Pipe Coatings are manufactured for various industries in order to protect them from chemical reactions and increase the working life of pipelines. These coatings provide excellent resistance to alkalis and acids, broad temperature range functionality, strong adhesion, resistance to electricity, good bendability, and also internal coatings enhance the fluid flow. Epoxy coatings are good at reducing the friction between the fluid and wall of the pipeline. These properties have major applications in transporting crude oil, and hazardous chemicals through pipelines to different regions. Additionally, they are used to collect and transport turbid and polluted water from different sources to water treatment plants which in turn used for drinking water and other related purposes.

As per our Analysis, some of the prominent market factors and trends identified in the Global Pipe Coatings Market include increasing chemical industries owing to rapid industrialization in the developing countries such as China, India and Japan; rising demand for crude oil pipeline transportation through underwater, and rising environmental concerns in order to curb the oil spills and gas leakages from the oil & gas industry owing to the pipeline damages.

Moreover, the demand for pipe coatings is predicted to witness a significant growth over the assessment period due to surging water treatment industry. Rising population across the globe, increases the demand for water supply is anticipated to be an important driver for pipe coatings market during the review period. The biggest challenges in manufacturing pipeline coatings for construction projects in unpredictable environments, compatibility with new developments in steel pipe technology, installing pipelines in marine and other deeper environments, pipelines operating at higher temperature environments impose emission of volatile organic compounds (VOCs) threat, pipelines carrying increasingly aggressive materials, under harsher conditions through more difficult environments, and customers increasingly interested in cost reduction of Pipe Coatings.

However, implementation of strict regulations by various government bodies have restricted the use of toxic organic chemicals used in the production of pipe coatings, which is expected to hamper the growth of the market.

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Major Key Players:

Some of the Top Key Players functioning in the Global Pipe Coatings Market are:

• PPG Industries, Inc. (U.S.),
• The Sherwin-Williams Company (U.S.),
• The Valspar Corporation (U.S.),
• Akzo Nobel N.V. (Netherlands),
• Axalta Coating Systems Ltd. (U.S.),
• 3M (U.S.),
• Wasco Energy Ltd. (Malaysia),
• SHAWCOR (Canada),
• Specialty Polymer Coatings, Inc. (Canada),
• Arkema S.A. (France)

Market Segmentation:

The Global Pipe Coatings Market is segregated into the Type, Form, Region, and End User:
By Type:

• Polyethylene,
• Polypropylene,
• Epoxy,
• Polyurethane
By Form:
• Water
• Powder
By Region:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
By End User:
• Oil & Gas,
• Chemicals,
• Water Treatment

Regional Analysis:

Geographically, Pipe Coatings Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

North America is estimated to be the largest pipe coatings market followed by Asia Pacific and the Middle East & Africa due to strong existence of crude oil reserves. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for pipe coatings in chemicals manufacturing.

In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for pipe coatings, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of water treatment industry is predicted to contribute to the regional market growth.

In North America, U.S and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations.

In Latin America, Mexico is expected to register strong growth due to robust presence of huge water resources and water treatment plants. Moreover, Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial decline in pipe coatings market owing to financial crisis where debts have crossed their incomes.

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