Which is the fastest growing region in Pipe Coatings Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Pipe Coatings Market?

In 2024, the Asia Pacific accounts for the largest market share in Pipe Coatings Market. Read More

What years does this Pipe Coatings Market cover?

The report covers the Pipe Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pipe Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Pipe Coatings Market Size

Market Size of Pipe Coatings Industry

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 *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

Need A Different Region Or Segment?

Customize Now

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.

Explore More

Pipe Coatings Market Size - Table of Contents

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. 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