Market Research Future Published a Cooked Research Report on Pipe Coatings Market Research Report – Forecast to 2023
The Global Pipe Coatings Market is expected to rise to a valuation of USD 15,968.4 million by the end of 2023, according to the latest research report from Market Research Future (MRFR). The report makes a close study of the various major factors affecting the Global Pipe Coatings Market and presents an overview of the major factors likely to affect the market in the coming years. A detailed study of the major end use segments of the Pipe Coatings Market is also provided in the report in order to enlighten readers as to which end users are likely to dominate the market in the coming years. Financial estimates for the various end use segments and product type segments are provided in the report to provide readers with a clue as to which way the market is heading in the coming years. Key players operating in the Global Pipe Coatings Market are also profiled in the report.
Pipe Coatings are various types of coatings applied to piping in various end use industries. Pipe Coatings are a vital aid in preventing corrosion of the pipes, which is a major requirement in leading end use channels. Pipe Coatings also help regulate the flow by reducing the friction inside pipes and enable a smoother flow of fluids through the pipes. The oil and gas industry is a major end user of pipe coatings and is likely to remain in the position through the forecast period. The oil and gas industry has grown by leaps and bounds in the last few years due to the growing demand for fossil fuels around the world. The growing demand for power is likely to enable a continuation of this theme in the coming years, as the oil and gas industry grows further to accommodate the growing demand from emerging regions. This is likely to be a major driver for the Pipe Coatings Market over the forecast period.
Competitive Analysis and Industry Updates:
Leading Players in the Global Pipe Coatings Market include Tenaris, The Bayou Companies LLC, LyondellBasell Industries Holdings BV, Shawcor, Wasco Energy, PPG Industries Inc., DowDuPont Inc., Specialty Polymer Coating Inc., Axalta Coating Systems Ltd., BASF SE, The Sherwin-Williams Company, 3M, Arkema SA, and AkzoNobel NV. Improving pipe coating processes is likely to remain a major target for players in the Global Pipe Coatings Market over the forecast period. Coming up with improved formulations for Pipe Coatings is likely to provide players in the market with strong growth prospects in the coming years.
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In September 2018, Altamont Capital Partners announced the acquisition of major assets of The Bayou Companies LLC.
In February 2018, Shawcor Ltd. received a conditional contract worth C$50 million for an offshore pipeline project in Qatar.
Global Pipe Coatings Market is segmented on the basis of Product Type, Surface Type, Form, End Use and Region.
By Product Type, the Global Pipe Coatings Market is segmented into thermoplastic polymer coatings, fusion bonded epoxy, metallic coatings, concrete coatings, and others. The thermoplastic polymer coatings is further sub-segmented into polyethylene, polypropylene, polyurethane, polytetrafluoroethylene, and others.
By Surface Type, the Global Pipe Coatings Market is segmented into internal and external.
By Form, the market is segmented into liquid and powder.
By End Use, the Global Pipe Coatings Market is segmented into oil and gas, marine, chemical processing, water and wastewater treatment, and others.
Asia Pacific is the leading regional market for Pipe Coating products due to the growing oil and gas and water and wastewater treatment industries in the region. China, India, and other leading economies in the region are likely to expend significant amounts on developing water provision infrastructure in the coming years, leading to strong prospects for the Pipe Coatings Market in the region. The oil and gas industry has also grown in Asia Pacific, especially China, and is likely to give strong opportunities to the Pipe Coatings Market over the forecast period.
Browse Key Industry Insights spread across 141 pages with 362 market data tables & 24 figures & charts from the report, “Pipe Coatings Market Information: By Product Type, Surface Type, End Use and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/pipe-coatings-market-4981
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