Pipe Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Material Type (Thermoplastics, Epoxy Layered, Coal Tar Enamel, Asphalt Enamel, Vinyl Ester-based, and Other Material Types), by 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 & Africa)

Market Snapshot

Pipe Coatings Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The pipe coatings market is expected to grow at a CAGR of over 5% during the forecast period. 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 flipside, 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 oil and gas segment dominated the market and is likely to grow during the forecast period, with increasing pipeline infrastructure along with growing oil and gas exploration and production activities.
  • 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 world, where the demand is driven by the growing demand for application in the irrigation sector, construction, oil and gas, and other industries.

Scope of the Report

The pipe coatings market report includes:

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 & Africa
Saudi Arabia
South Africa
Qatar
Rest of Middle East & Africa

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Key Market Trends

Oil & 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 in upstream, midstream, and downstream. Hence, it generates a 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 lead to equipment failure and lost 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 has started increasing across the globe. 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 2018 increased by about 2.3% from the previous year and expected to increase over the forecast period. 
  • With this, the pipeline projects are also increasing to supply oil and gas output from fields to the refineries.
Pipe Coatings Market Segmentation Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share. The demand for 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 have been increasing in the region.
  • The oil and gas exploration and production activities rebounded since 2018. About 50 oil and gas fields with collective resources of 4 billion barrel of oil equivalent are expected to be approved for development during 2018-2020.
  • Besides, gas projects are likely to be developed in Indonesia and Malaysia, which is expected to increase pipeline projects in these countries. Malaysia accounted for the largest percentage of overall gas resources to be developed.
  • In addition to this, water treatment facilities have also been increasing in the region due to several factors, such as the growing environment 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 pipe coatings market in the region.
Pipe Coatings Market Regional Trends

Competitive Landscape

The pipe coatings market is a consolidated market, where few players account for 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.

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's Five Forces Analysis

      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

    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 & 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 & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share 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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Frequently Asked Questions

The Pipe Coatings Market market is studied from 2016 - 2026.

The Pipe Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

3M, BASF SE, PPG Industries, The Sherwin Williams Company (Valspar), AkzoNobel NV are the major companies operating in Pipe Coatings Market.

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