Pipe Coating Global Market – Overview
Pipe Coatings are applied to pipes to provide them with a protective layer against chemical reaction & corrosion in order to increase the working life of pipelines used across industries. Furthermore, these coatings offer a range of advantages such as, providing excellent resistance to intense heat, acids and alkalis, and high voltage electricity. They offer strong adhesion, and bendability. Epoxy coatings effectively reduce the friction between the fluid and wall of the pipeline enhancing the fluid flow.
Owing to these properties, these coatings are majorly applied to the pipelines for transporting crude oil, and hazardous chemicals to various regions. Additionally, these coatings are applied to the pipelines used to collect and transport turbid and polluted water from different sources to water treatment plants; where the water is made safe for drinking and other purposes. Augmented demand from the burgeoning industries like O&G, Water Treatment & Chemicals has increased Pipe Coating’s prominence worldwide allowing its market to enjoy increasing traction on the global platform.
Acknowledging the kind of growth achieved by this market in the past & the growth prospects the market demonstrates, Market Research Future (MRFR) recently published a study report. In its report MRFR asserts that, Pipe Coating market is expected to grow exponentially by 2023, registering a phenomenal CAGR during the review period (2017 – 2023).
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Worldwide Pipe Coating Market – Competitive Landscape
The Pipe Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. The vendors compete in terms of price, quality, branding, and customer service. Since product differentiation is low and a wide range of similar products are available in the market, vendors aim to minimize the brand recall of their products among consumers through effective marketing communications. The Pipe Coating Market demonstrates a high potential growth due to which several new entrants are expected to get attracted to this market during the anticipated period.
Industry/ Innovation/Related News:
March 20, 2018 – UGSI Solutions Inc. (US) leading global technology provider for chemical feed and water disinfection & has many subsidiary companies including Mobile Pipe Lining and Coating, Inc. that provides pipe coating services to the O&G, and water treatment markets; announced that it has acquired the Fluid Dynamics product line of Neptune Chemical Pump Company (US).
March 18, 2018 – Research Study Published – A Research Team from the Mississippi State University (US) published the study of ‘live’ sensor, an electronic sensor named as Smart Pig
that they have developed using bacteria that can detect leaks in gas pipelines in real time, and potentially prevent environmental disasters and fuel distribution disruptions. Innovative Smart Pig, traveling through the pipe detecting cracks or welding defects, will be proved as a life saver for the environment.
Worldwide Pipe Coating Market – Regional Analysis
Geographically, North America region accounts for the largest market share owing to the rapid industrialization and augmented demand for the product from end user industries like Water Treatment, oil & gas industry. The region will grow further posting a phenomenal CAGR during the review period.
While, the MEA (Middle East & Africa) region is expected grow phenomenally owing to the augmented demand from Burgeoning oil & gas industry of Iraq, the UAE, Saudi Arabia, Iran, & Kuwait.
Europe market of Pipe Coatingis predicted to upsurge owing to the increased expenditure in innovation and growing purchasing power of consumers especially in the countries like Germany, Italy, Spain, France, Russia and the UK. Furthermore presence of major chemical manufacturers in Germany will boost the regional market growth.
On the other hand, APAC market, on account of increasing processing units of crude oil and petroleum refineries mainly in India and China will grow at a moderate CAGR. Simultaneously, growing chemicals industries in various parts of the region, including China, Japan, Malaysia, Thailand and India is expected to provide impetus to the market growth.
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