Process Pipe Coating Market Size is projected to reach USD 21.7 billion, Trends, Growth Prospects, Industry Challenges, Top Countries Data and Forecast to 2029

Process Pipe Coating Market Overview:

Pipe coating protects pipes from corrosion and scrapes, and it is essential as it protects pipes from harsh environmental conditions such as carbon dioxide, acid moisture, and ultraviolet rays. The performance, durability, reliability, and flow of the pipes get affected due to wear & tear of the pipe. Therefore, to prevent this, pipe coating is done. The growing adoption of pipe coating for applications in newer market verticals as well as emerging economies, such as India, China, and others, is expected to open up new opportunities for the global process pipe coating industry. The demand is driven by increasing technological advancement within the pipe coating market. However, decrease in oil prices due to oversupply and competition from renewable energy substitutes is hampering the growth of the process pipe coating market.

 The global Process Pipe Coating market size was valued at USD 14.5 billion in 2020 and is projected to reach USD 21.7 billion by 2029, growing at a CAGR of 4.6% 2022-2029.

Get Sample Report Link:

https://exactitudeconsultancy.com/reports/5154/process-pipe-coating-market/#request-a-sample?mode=P166

Process Pipe Coating Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are AkzoNobel, Arkema, 3M, The Sherwin-Williams Company, Axalta Coating Systems, Specialty Polymer Coating, DowDuPont, BASF, PPG, Shawcor, Wasco Energy, LyondellBasell Industries, The Bayou Companies, Tenaris. and Others

Recent Development

On 1st April 2020, AkzoNobel acquired a leading Mauritius-based paints and coatings company Mauvilac Industries Limited. The complete acquisition helps the company strengthen its distribution network across Europe and Africa.
In January 2021, AkzoNobel signed an agreement with Guangdong Water to supply powder coatings for a landmark water pipeline in China.
In February 2021, Arkema acquired Poliplas, a leader in hybrid-technology sealants and adhesives. The acquisition reinforces its presence in the Brazilian fast-growing construction adhesives market.
On 5th May 2021, Axalta completed the expansion of its waterborne coatings plant in Shanghai, China. Expansion of the plant was done looking into the growing demand for sustainable coating solutions for commercial and industrial markets in China and the Asia Pacific region.

 Browse Complete Premium Research Details with 110 Pages, Tables on content, List of Tables and List of Figures:

https://exactitudeconsultancy.com/reports/5154/process-pipe-coating-market/

Process Pipe Coating Market Segmentation:

Process Pipe Coating Market By Type, 2020-2029, (USD Million) (Kilotons)

Coal Tar Enamel Coating
Concrete Coating
Metallic Coating
Thermoplastic Polymer Coating
Fusion Merged Epoxy Ash Coating
Asphalt Coating

Process Pipe Coating Market By Application, 2020-2029, (USD Million) (Kilotons)

Residential
Industrial
Commercial

Growth Factors:

Increasing demand from the Process Pipe Coating industries
The growing use of Process Pipe Coating in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Process Pipe Coating Market

Process Pipe Coating Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Get Sample PR Link @

https://exactitudeconsultancy.com/post/process-pipe-coatings-market-growth/

Key Process Pipe Coating Market Trends

- The report identifies, determines, and forecasts the Global Process Pipe Coating Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Process Pipe Coating Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Process Pipe Coating Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Process Pipe Coating Market.

Frequently Asked Questions

What is the projected market size & growth rate of the Pipe Coatings Market?
What are the key driving factors for the growth of the Pipe Coatings Market?
What are the top players operating in the Pipe Coatings Market?
What segments are covered in the Pipe Coatings Market Report?
How can I get a sample report/company profiles for the Pipe Coatings Market?

About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Connect us on:
Youtube Channel@ - https://www.youtube.com/watch?v=O_O7ntuM8nY&list=PLqhG4LHMp-Ocv-5aAsyiSlfdwDXu3FKxI
Linkedin - https://www.linkedin.com/company/exactitudeconsultancy/
Twitter- https://twitter.com/ExactitudeCons
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com

This release was published on openPR.