Fusion Bonded Epoxy Coatings Market Global Outlook 2021-2026: 3M, Akzonobel NV, Arkema Group, Axalta Coating Systems

The market for fusion bonded epoxy coatings is expected to grow at a CAGR of less than 7% during the forecast period. The Global Fusion Bonded Epoxy Coatings Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

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Key Market Players:

3M, Akzonobel NV, Arkema Group, Axalta Coating Systems, LLC, BASF SE, Jindal Group, Jotun, Maharashtra Seamless Limited, PPG Industries, PSL Limited, Shawcor (Bredero Shaw), SIGMA Corporation, SolEpoxy Inc., Specialty Polymer Coatings Inc., Tecosy, Teknos Group, The Sherwin-Williams Company, Wasco Energy Group of Companies and Other

Key Market Trends

Oil and Gas Segment to Dominate the Market

- In the oil and gas industry, pipes with fusion-bonded epoxy (FBE) coatings exhibit excellent chemical resistance in harsh environments, including petrochemicals, solvents, and corrosive gases. Apart from that, these coatings also provide better dimensional stability (i.e. minimal hysteresis).
- The demand for the oil and gas industry is expected to increase at most 1.4 Mb/d, by 2020. According to OPEC, the world primary demand for fuels, such as oil, gas, coal nuclear, biomass, etc., is likely to grow by 2020.
- Globally, the demand for oil, in 2018, rose about 1.3%, led by robust growth in the United States. In 2020, the demand for oil is likely to rise up to 92.3 mboe/d, and the demand for gas in 2020, the demand is likely to rise up to 65.2 mboe/d, in 2020.
- According to the British Petroleum, the share of crude oil production of the major producing countries include the United States with 16. 2% share, Saudi Arabia with 13%, Russia with 12.1%, Canada with 5.5%, Iran with 5%, etc.
- The demand for oil and gas is increasing in sectors, such as power generation, industry, transportation, residential, commercial sector, etc. due to the growing population in developing countries and robust economic development,

China to Dominate the Asia-Pacific Region

- In Asia-Pacific, China is the largest economy, in terms of GDP. The growth in the country remains high.
- The Infrastructure segment in China is rapidly increasing. In 2018, the National Development and Reform Commission (NDRC) has approved 27 infrastructure projects, totaling USD 219.43 billion.
- The major infrastructure projects in the country include Shanghai Urban Rail Transit Expansion, Intercity Railway along the Yangtze River in Jiangsu province, etc.
- Moreover, according to OPEC, the growth in gas consumption is mainly driven by countries, such as the United States, China, Russia, Iran, etc. The gas consumption of China is around 43 bcm.
- The Government of China plans to increase natural gas consumption to around 10% of its total energy mix by 2020. Currently, natural gas consumption is around 6%.
- By 2023, oil demand will reach around 104.7 mb/d, from 6.9 mb/d in 2018. Countries, like China and India, together, are expected to contribute around 50% of the global oil demand.
- The aforementioned factors are expected to increase the demand for fusion bonded epoxy coatings in the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Fusion Bonded Epoxy Coatings market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Fusion Bonded Epoxy Coatings market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Fusion Bonded Epoxy Coatings market.

Market Segments: This part of the report discusses product type and application segments of the global Fusion Bonded Epoxy Coatings market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Fusion Bonded Epoxy Coatings used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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