Pipe Coatings Market is worth $14.4 billion by 2021, registering a CAGR of 4.7% : Latest Update by MarketsandMarkets™

The report "Pipe Coatings Market by Type (Thermoplastic Polymer, Fusion Bonded Epoxy, Concrete Coatings and Others), End-Use Industry (Oil & Gas, Chemical Processing, Water & Wastewater Treatment and Others) and Region – Global Forecast to 2021",global pipe coatings market is projected to reach USD 14.4 billion by 2021, registering a CAGR of 4.7% between 2016 and 2021. This growth is fueled by the high demand from the pipeline industry in various end-use industries such as oil & gas, water & wastewater treatment and chemical processing industry and increasing global demand for pipe coatings in Asia-Pacific, North America, South America, and Middle East & Africa.

Browse 139 market data Tables and 49 Figures spread through 169 Pages and in-depth TOC on "Pipe Coatings Market – Global Forecast to 2021"

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Thermoplastic Polymer: The most-widely used type of pipe coatings
Thermoplastic polymer is the largest type of pipe coatings used in different end-use industries. The market for thermoplastic polymer coatings is large because these polymers offer various advantages such as resistance to chemicals and physical stress, good flexibility and easy to apply. These qualities make it an ideal choice of coating to be applied on pipelines.

Oil & Gas: The largest end-user of pipe coatings
Oil & Gas is the largest end-user of pipe coatings as the oil & gas industry is witnessing a change due to fluctuating demand in the world. Pipe coatings are usually used for protecting the pipeline from corrosion and hence in the oil & gas industry pipe coatings are used on a large scale. Further, the market of oil & gas currently is witnessing various upstream, midstream and downstream activities and hence this is driving the market of pipe coatings.

North America: The largest pipe coatings market
North America is the global forerunner in the pipe coatings s, in terms of value and volume, in 2015. Countries in this region such as U.S., Canada and Mexico are witnessing significant increase in the use of pipe coatings for different end-use industries. The increased demand of pipelines in the end-use industries such as oil 7 gas, water & wastewater treatment, chemical processing and others is driving the demand for pipe coatings. U.S. is estimated to be the fastest-growing market in this region till 2021. This growth is mainly due to increased demand of pipelines and rehabilitation activities in the country.

Industry 4.0 is reshaping the pipeline networks in the chemical and oil & gas industry. Data analytics and automation has helped oil & gas and chemical companies overcome the challenges of leakage and safety issues. Fuel loss due to corrosion is huge in oil & gas industry. To prevent the corrosion issue, smart coatings to replace the traditional coatings in piping networks due to better corrosion protection, increased service life, reliability, and low maintenance cost.

MnM is closely tracking disruptive technologies & mega trends and has a wide coverage on data analytics, smart manufacturing, blockchain, and IoT which are likely to change the dynamics of the industry.

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The pipe coatings have a few numbers of global players competing for market share. These companies are actively investing in various strategies such as expansions, new product developments, mergers & acquisitions, and joint ventures projects globally to increase their market share. Major players such as PPG Industries, Inc. (U.S.), Akzo Nobel N. V. (The Netherland), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.) and Axalta Coating Systems Ltd. (U.S.), Wasco Energy (Malaysia), Arkema SA (France), ShawCor Ltd. (Canada), The 3M Company (U.S.), and Specialty Polymer Coatings, Inc. (Canada) and others have adopted various organic and inorganic developmental strategies.

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