The growth of infrastructure development and industrialization worldwide led to an increased need for reliable and durable pipelines along with pipe coatings. For instance, the regional growth, especially in Asia-Pacific, where the construction sector is witnessing strong growth, and countries like India, China, Vietnam, Indonesia, Singapore, and others are experiencing increased demand for construction pipes and pipe coatings.
The report “Pipe Coatings Market Size, Share & Trends Analysis Report, By Type, (Thermoplastic Polymer Coatings, Bituminous, Fusion Bonded Epoxy Coatings), By Form, By Application, By Region, And Segment Forecasts, 2024 - 2030
For instance, the growth of shale gas has emerged as a significant driver for the pipe coating market in the United States. The exploration and production activities in shale gas reserves have led to an increased need for coated pipelines to ensure the safe transport of hydrocarbons, resulting in a surge in demand for products in the oil and gas sector. Moreover, the rise in irrigation and agricultural activities has also contributed to the demand for pipe coatings for water supplies.
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Pipe Coatings Market Report Highlights:
- Based on type, thermoplastic polymer coatings type dominated the market with a revenue share of over 32% in 2023. The growth is attributed to the high demand for thermoplastic polymer coatings for pipe coatings due to their excellent properties and wide range of applications in various industries.
- Based on foam, powder dominated the market with a revenue share of over 78% in 2023, owing to the demand for powder coatings formulated in a powder form, consisting of additives, pigments, and resins.
- In terms of application, the oil and gas segment led the market with a revenue share of over 32% in 2023, attributed to the major sectors that extensively utilize pipe products for various applications to protect pipelines from corrosion, extend their lifespan, and ensure safe oil and gas transportation.
- North America is led the high adoption of advanced pipe coatings to adhere stringent regulations regarding the use of eco-friendly and low-VOC (volatile organic compounds) products and meet environmental standards.
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Pipe Coatings Market Segmentation
Grand View Research has segmented the global pipe coatings market report based on type, form, application, and region.
Pipe Coatings Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
o Thermoplastic Polymer Coatings
o Fusion Bonded Epoxy Coatings
o Bituminous
o Concrete
o Other Types
Pipe Coatings Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
o Liquid
o Powder
Pipe Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
o Oil & Gas
o Water & Wastewater
o Chemical Processing
o Mining
o Agriculture
o Other Applications
Pipe Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
o North America
▪ U.S.
▪ Canada
▪ Mexico
o Europe
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ South Korea
o Central & South America
▪ Brazil
▪ Argentina
o Middle East and Africa
▪ Saudi Arabia
▪ South Africa
List of Key Players in the Pipe Coatings Market
● Akzo Nobel N.V.
● The Sherwin-Williams Company
● Valspar Industrial.
● Axalta Coating Systems, LLC
● WASCO ENERGY GROUP OF COMPANIES
● Arkema Group
● 3M
● SHAWCOR
● Berry Plastics Cpg
● Tenaris
● Winn & Coales (Denso) Ltd
● Aegion Corporation
● Dura-Bond Industries
● Eupec Pipecoatings France
● L.B. Foster Company
● Arabian Pipe Coating Company
● Perma-Pipe
● Jotun
● DuPont.
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