Pipe Coatings Market Size (2024 - 2029)

The pipe coatings market is anticipated to experience significant expansion, driven by various factors such as increased shale oil and gas production in North America, infrastructure development in Asia-Pacific, and heightened energy demand in Europe. The post-pandemic surge in the water treatment industry has further boosted global demand. Despite challenges like fluctuating oil prices and competition from renewable energy, opportunities arise from deep-water exploration and industrial growth in the Middle East & Africa. Asia-Pacific leads the market, fueled by its need for applications in irrigation, construction, and oil and gas sectors.

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Market Size of Pipe Coatings Industry

Pipe Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Pipe Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Pipe Coatings Market Analysis

The pipe coatings market is expected to grow at a CAGR of over 5% during the forecast period.

COVID-19 impacted the global pipe coatings industry in 2020. However, the rise in the water treatment industry post-pandemic has propelled the demand for pipe coatings globally.

  • The major factors driving the growth of the market studied are the upsurge in shale oil and gas production in North America, growing infrastructure and industrialization in Asia-Pacific, rise in irrigation and agricultural activities in Southeast Asia, and rising demand for energy in Europe.
  • On the flip side, plunging oil prices due to oversupply, operational challenges in newly discovered energy reserves, and competition from renewable energy substitutes are the restraints hampering the growth of the studied market.
  • The growth in deep-water exploration and production activities and industrial growth in the Middle East & Africa are likely to provide opportunities for the market studied during the forecast period.
  • Asia-Pacific dominated the market across the globe, where the demand is driven by the growing demand for applications in the irrigation sector, construction, oil and gas, and other industries.

Pipe Coatings Industry Segmentation

Pipe coatings are applied as a protective lining that helps in saving pipelines from the damaging effects of corrosion. Additionally, it provides longer life to the pipelines. The market is segmented into material type, end-user industry, and geography. By material type, the market is segmented into thermoplastics, epoxy layered, coal tar enamel, asphalt enamel, vinyl ester-based, and other material types. By end-user industry, the market is segmented into oil and gas, water and wastewater treatment, mining, agriculture, chemical processing and transport, infrastructure, and other end-user industries. The report also covers the market size and forecasts for the pipe coatings market in 16 countries across major regions. The market sizing and forecasts for each segment have been done based on revenue (USD Million).

Material Type
Thermoplastics
Epoxy Layered
Coal Tar Enamel
Asphalt Enamel
Vinyl Ester-based
Other Material Types
End-user Industry
Oil and Gas
Water and Wastewater Treatment
Mining
Agriculture
Chemical Processing and Transport
Infrastructure
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Qatar
Rest of Middle-East and Africa
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Pipe Coatings Market Size Summary

The pipe coatings market is poised for significant growth, driven by various factors such as the increase in shale oil and gas production in North America, expanding infrastructure and industrialization in Asia-Pacific, and rising energy demand in Europe. The post-pandemic recovery in the water treatment industry has further bolstered global demand for pipe coatings. However, challenges such as fluctuating oil prices, operational difficulties in new energy reserves, and competition from renewable energy sources pose constraints to market expansion. Opportunities for growth are anticipated in the Middle East and Africa, where deep-water exploration and industrial activities are on the rise. The Asia-Pacific region leads the market, fueled by demand from the irrigation, construction, and oil and gas sectors.

In the oil and gas industry, the necessity for durable pipe coatings is underscored by the need to protect against corrosion and abrasion, particularly in harsh environments. Epoxy coatings are favored for their resistance to high temperatures and chemicals. The market is characterized by a few dominant players, including PPG Industries, 3M, BASF SE, The Sherwin-Williams Company, and AkzoNobel NV, who hold a substantial share of the market. Recent developments, such as Sherwin-Williams' acquisition of Sika AG's European industrial coatings business and PPG's introduction of a new coating for corrosion protection, highlight ongoing innovation and consolidation within the industry. The increasing pipeline infrastructure demand in Asia-Pacific, driven by sectors like oil and gas, construction, and water treatment, is expected to further propel the market's growth.

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Pipe Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Upsurge in Shale Oil and Gas Production in North America

      2. 1.1.2 Growing Infrastructure and Industrialization in the Asia-Pacific Region

      3. 1.1.3 Rise in Irrigation and Agricultural Activities in Southeast Asia

      4. 1.1.4 Rising Energy Demand in Europe

    2. 1.2 Restraints

      1. 1.2.1 Operational Challenges in Newly Discovered Energy Reserves

      2. 1.2.2 Competition from Renewable Energy Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Material Type

      1. 2.1.1 Thermoplastics

      2. 2.1.2 Epoxy Layered

      3. 2.1.3 Coal Tar Enamel

      4. 2.1.4 Asphalt Enamel

      5. 2.1.5 Vinyl Ester-based

      6. 2.1.6 Other Material Types

    2. 2.2 End-user Industry

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Water and Wastewater Treatment

      3. 2.2.3 Mining

      4. 2.2.4 Agriculture

      5. 2.2.5 Chemical Processing and Transport

      6. 2.2.6 Infrastructure

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Rest of Middle-East and Africa

Pipe Coatings Market Size FAQs

The Pipe Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

3M, BASF SE, PPG Industries, The Sherwin Williams Company (Valspar) and AkzoNobel NV are the major companies operating in the Pipe Coatings Market.

Pipe Coatings Market Report Snapshots

Pipe Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)