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

The report covers Analysis of Pipe coatings market and is segmented by Material Type (Thermoplastics, Epoxy Layered, Coal Tar Enamel, Asphalt Enamel, Vinyl Ester-based, and Other Material Types), End-user Industry (Oil and Gas, Water and Wastewater Treatment, Mining, Agriculture, Chemical Processing and Transport, Infrastructure, and Other End-user Industries), and by Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in revenue (USD million).

Pipe Coatings Market Size

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Pipe Coatings Market  Summary
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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

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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 Market Trends

This section covers the major market trends shaping the Pipe Coatings Market according to our research experts:

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.
Pipe Coatings Market : Oil Production, in Million Tons, Global, 2017-2021

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.
Pipe Coatings Market - Growth Rate by Region, 2022-2027

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

  1. 3M

  2. BASF SE

  3. PPG Industries

  4. The Sherwin Williams Company (Valspar)

  5. AkzoNobel NV

*Disclaimer: Major Players sorted in no particular order

Pipe Coatings Market Concentration
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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 Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Upsurge in Shale Oil and Gas Production in North America

      2. 4.1.2 Growing Infrastructure and Industrialization in the Asia-Pacific Region

      3. 4.1.3 Rise in Irrigation and Agricultural Activities in Southeast Asia

      4. 4.1.4 Rising Energy Demand in Europe

    2. 4.2 Restraints

      1. 4.2.1 Operational Challenges in Newly Discovered Energy Reserves

      2. 4.2.2 Competition from Renewable Energy Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter Five Forces

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Material Type

      1. 5.1.1 Thermoplastics

      2. 5.1.2 Epoxy Layered

      3. 5.1.3 Coal Tar Enamel

      4. 5.1.4 Asphalt Enamel

      5. 5.1.5 Vinyl Ester-based

      6. 5.1.6 Other Material Types

    2. 5.2 End-user Industry

      1. 5.2.1 Oil and Gas

      2. 5.2.2 Water and Wastewater Treatment

      3. 5.2.3 Mining

      4. 5.2.4 Agriculture

      5. 5.2.5 Chemical Processing and Transport

      6. 5.2.6 Infrastructure

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Qatar

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 A.W. Chesterton Co.

      3. 6.4.3 Aegion Coating Services (also operates through subsidiary Bayou Coating)

      4. 6.4.4 AkzoNobel NV

      5. 6.4.5 Al Qahtani Pipe Coating Industries

      6. 6.4.6 Allan Edwards Inc.

      7. 6.4.7 Arabian Pipe Coating Co. (APCO)

      8. 6.4.8 BASF SE

      9. 6.4.9 Bauhuis BV

      10. 6.4.10 Borusan Mannesmann

      11. 6.4.11 Bredero Shaw Ltd

      12. 6.4.12 BSR Coatings

      13. 6.4.13 Celanese Corporation

      14. 6.4.14 Corinth Pipeworks (Cenergy Holdings SA)

      15. 6.4.15 DuPont

      16. 6.4.16 Dura-Bond (DBB Acquisition LLC)

      17. 6.4.17 Mutares AG

      18. 6.4.18 GBA Products Co. Ltd

      19. 6.4.19 Hempel Coatings

      20. 6.4.20 Jotun

      21. 6.4.21 Lyondellbasell Industries Holdings BV

      22. 6.4.22 Perma-Pipe Inc.

      23. 6.4.23 PPG Industries Inc.

      24. 6.4.24 Shaic International Co.

      25. 6.4.25 Shawcor Ltd

      26. 6.4.26 The Sherwin-Williams Company (Valspar)

      27. 6.4.27 Tenaris SA

      28. 6.4.28 Wasco Energy Group of Companies

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Industrial Growth in the Middle-East & Africa

    2. 7.2 Growth in Deepwater Exploration and Production Activities

**Subject to Availability
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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

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.

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

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

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.

Pipe Coatings Industry Report

Statistics for the 2024 Pipe Coatings market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Pipe Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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