How is the Pipe Coating market in worldwide? How is it's prospect in the future?

Pipe coating is a protective coating on to metal surfaces primarily required to prevent corrosion of pipes. Coatings can be done for pipes below as well as above the ground level internal coat and external coat. The coating is applied from single layer to triple layer array to endure harsh environments such as UV, solvents, moisture etc. Besides, protection from the corrosion pipe coatings are also developed for abrasion resistance. The selection of proper coating depends on various factors, some of which are performance level, economics consideration, regulatory concerns, technical properties requirement, etc. Polymeric pipe coating such as fusion bonded epoxy coating also known as FBE coating and olefin based are popular due to coating with lower residual stress and uniform coating without weld tenting. Oil and gas industry is the main end user for pipe coating market, since the transportation of heavy oil, liquids is very frequent and shelf life of the pipe is an important concern. The pipe coating market is was lightly hit by the fall of oil industry in 2015, but it is anticipated that the pipe coating market growth will be advance latter half of 2016.

The pipe coating market is driven majorly by the industrial segment of the end user industry. The need for higher shelf life, smooth transportation of oils and acids drives the pipe coating market. Besides, abrasion resistance overlay (ARO) is a trend setter in the pipe coating solutions. Also, s regional strict government regulations for the environment and health safety (EHS), aids in the growth of pipe coating market.

Planning to lay down future strategy? Perfect your plan with our report sample here https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15338

The global pipe coating market is segmented on the basis of formulation base type, material type and end user.

Based on the formulation base type, the global pipe coating market is segmented into:

Water base coatings
Solvent base coating
Ultraviolet curable (UV)

Based on the coating material type, global pipe coating market is segmented into:

Coal tar enamel
Polymeric tapes
Fusion bonded epoxy (FBE)
Polyolefin

Based on the end user the global pipe coating market is segmented into:

Industrial
Oil and gas (on shore and off shore)
Chemical
Others
Commercial
Residential

The global pipe coating market is geographically divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America holds major share of pipe coating market due the increase in natural gas production from shale formation. Followed by North America is Middle East and Africa (MEA), especially Saudi Arabia, Qatar are lucrative for pipe coating market because of major production of petroleum and other liquids. In Asia Pacific China, India, Taiwan, Japan, South Korea are important for growth of pipe coating market.

Some of the key players identified in the global pipe coating market are L.B. Foster Ball Winch, ShawCor Ltd., Tenaris, The Bayou Companies, etc. The key players for pipe coating material production are BASF SE, Arkema S.A. , AkzoNobel N.V. , LyondellBasell Industries Holdings B.V etc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

Looking for exclusive market insights from business experts? Buy Now Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=15338<ype=S

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.