| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Pipe Coatings Market Analysis
The Pipe Coatings Market is expected to register a CAGR of greater than 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 Market Trends
Oil and Gas Segment to Dominate the Market Demand
- In the oil and gas industry, pipes are required in petroleum offshore and onshore production and refineries.
- In the petroleum industry, pipes are required upstream, midstream, and downstream. Hence, it generates higher demand for pipe coatings.
- In the oil and gas industry, epoxy pipe coating is used extensively, as it is resistant to high temperatures, chemicals, and corrosion.
- Without pipeline corrosion protection, damages occur, which leads to equipment failure and loses of production time. Tubing, pipes, fasteners, and equipment are subjected to the punishing effects of chemicals, water, and sea salt spray.
- Industry-standard hot-dip galvanized, cadmium and zinc-plated coatings lack durability and deteriorate in tough offshore environments. However, metal coatings' proprietary gas pipe coating products minimize the effects of corrosion and abrasion and improve the longevity of costly equipment.
- With recovery prices in the oil and gas industry, exploration and production have started increasing globally. The major increase in oil & gas offshore exploration and production activities is noticed in the North Sea, North America, and Middle Eastern regions.
- According to BP, globally, oil production in 2021 increased by about 1.6% from the previous year and is expected to increase over the forecast period. In 2021, global oil production stood at 4,221 million tons, up from 4,171 million tons in 2020.
- The United States is the largest oil producer across the globe. In 2021, the country accounted for 16.8% (711.1 million tons) of the market share globally. Additionally, Saudi Arabia is also one of the largest producers of oil, which produced 515.0 million tons (12.2%) of oil in 2021.
- With this, the pipeline projects are also increasing to supply oil and gas output from fields to the refineries.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. The demand for the market studied is driven by the increasing demand for pipeline infrastructure from oil and gas, chemical, mining, water and wastewater, agriculture, and construction industries.
- In Asia-Pacific, the construction sector has been witnessing strong growth in countries such as India, Indonesia, China, Vietnam, and Singapore, owing to which the demand for construction pipes has been increasing in the region.
- The oil and gas exploration and production activities rebounded in 2021 compared to the pandemic-hobbled 2020. China's oil production observed a growth rate of 2.4%, accounting for 198.9 million tons in 2021, as compared to 194.8 million tons in 2020.
- Besides, gas projects are likely to be developed in Indonesia and Malaysia, which is expected to increase pipeline projects in these countries. In Malaysia, natural gas production observed a growth rate of 8.3%, accounting for 74.2 billion cubic meters in 2021.
- In addition to this, water treatment facilities have also been increasing in the region due to several factors, such as the growing environmental regulations, increasing shortage of fresh water supply, and rising water demand for industrial use.
- With all such trends in the market, the demand for pipes has been increasing from these industries, which is further expected to drive the demand for the pipe coatings market in the region.
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Pipe Coatings Industry Overview
The pipe coatings market is consolidated, where few players account for a significant share of the market demand. Some of the noticeable players in the market include PPG Industries, 3M, BASF SE, The Sherwin-Williams Company (Valspar), and AkzoNobel NV, among others (not in any particular order).
Pipe Coatings Market Leaders
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3M
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BASF SE
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PPG Industries
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The Sherwin Williams Company (Valspar)
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AkzoNobel NV
- *Disclaimer: Major Players sorted in no particular order
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Pipe Coatings Market News
- July 2022: The Sherwin-Williams Company announced that it had completed its acquisition of the European industrial coatings business of Sika AG. The acquired business will become part of Sherwin-Williams' Performance Coatings Group operating segment.
- August 2021: PPG announced the introduction of PPG HI-TEMP 1027 HD coating, which is a next-generation, ambient-cure coating engineered for challenging corrosion-under-insulation (CUI) conditions. It provides excellent protection against corrosion on pipes, vessels, and construction parts when plants are in operation.
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 Research FAQs
What is the current Pipe Coatings Market size?
The Pipe Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Pipe Coatings Market?
3M, BASF SE, PPG Industries, The Sherwin Williams Company (Valspar) and AkzoNobel NV are the major companies operating in the Pipe Coatings Market.
Which is the fastest growing region in Pipe Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Pipe Coatings Market?
In 2025, the Asia Pacific accounts for the largest market share in Pipe Coatings Market.
What years does this Pipe Coatings Market cover?
The report covers the Pipe Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Pipe Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Pipe Coatings Industry Report
The Pipe Coatings market analysis provides a comprehensive overview of the industry, covering various material types and end-user industries. The market research indicates significant growth trends, driven by the demand in sectors such as oil and gas, water and wastewater treatment, and infrastructure. The industry report highlights the market size and market share, offering insights into the market forecast and market growth.
The industry analysis includes detailed market data and market segmentation by geography, with regions such as Asia-Pacific, North America, and Europe showing notable market value. The market outlook and market predictions suggest a positive growth rate, supported by the increasing need for efficient pipe coatings in chemical processing and transport, mining, and agriculture.
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In addition to the market forecast, the report example and report pdf offer a detailed analysis of market segmentation and market value. Research companies and industry sales data further enrich the industry size and industry trends, making this report a valuable resource for understanding the pipe coatings market.
