Tech Innovation to Boost Growth in the Global Pipe Coating Market Through 2024

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 Pipe coating is a protective coating on 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 a single layer to a triple layer array to endure harsh environments such as UV, solvents, moisture, etc. Besides, protection from the corrosion pipe coatings is 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. 

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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.

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 into 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 the 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. 

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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 the region-wise assessments.

The following regional segments are covered comprehensively:

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

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