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Pipe Coating Market, Industry Analysis Report, Regional Outlook 2017-2024
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Pipelines has extensive usage in transporting chemicals, oil & gas, water and various industrial processes. It protects from corrosion, abrasion, and other reactions from water, acid, CO2, H2S, sunshine which thereby affect product performance and longevity. Selecting a proper pipe coating depends on performance level, regulatory concerns, economics consideration and technical properties requirement.
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Global oil market size consumption was over 4 billion metric tons in 2015. Russia and Saudi Arabia are the leading oil producers, and accounted for over 13% of the total volume by 2015. The U.S. accounted for over 12% of the total oil production demand in the same year and is the leading importer. Protective epoxy is used for oil & gas pipelines which includes properties such as viscosity, flammability, fluid state and climate or temperature, thereby influencing pipe coating market growth demand.
Metal pipe coating market may witness may register gains owing to protecting surface from corrosion. Global metal coatings market size was valued at over USD 10.5 billion in 2015 and may exceed USD 14.5 billion by 2024, with gains at over 6%. They are used to add specific surface properties including color, wear resistance, electrical resistance, thermal protection, or optical. Increasing construction and building sectors in China and India may stimulate industry growth.
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Global thermoplastic pipe coating market may register close to 6% by 2024. PVC, polypropylene, PE are widely used polymers owing to its lightweight and cheaper costs. They are used in sewage, irrigation, mining, construction and chemical processing industries due to their chemical resistance capacity, and can be recycled for reuse as they are environment friendly.
Fusion bonded epoxy pipe coating market may witness gains owing to its high adhesion to metals, excellent chemical resistant, thermosetting, and lightweight properties. These are mainly designed for oil & gas industry to help pipelines against corrosion.
Global pipe coating market share is consolidated. Key market players include BASF, Arkema, LyondellBasell Industries, and AkzoNobel. Other prominent companies include L.B. Foster, Ball Winch, The Bayou Companies and ShawCor.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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