North America is the leading market for pipe coatings industry according to MarketsandMarkets

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North America is the leading market for pipe coatings industry according to MarketsandMarkets

February 24
19:30 2020
North America is the leading market for pipe coatings industry according to MarketsandMarkets

Browse 139 market data Tables and 49 Figures spread through 183 Pages and in-depth TOC on “Pipe Coatings Market”.
Pipe Coatings Market by Form (Powder, and Liquid), Type (Thermoplastic Polymer, Fusion Bonded Epoxy, Concrete Coatings), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Chemical Processing), and Region

The market size for pipe coatings is projected to reach USD 14.42 billion by 2021, at a CAGR of 4.7% from 2016 to 2021. North America is the leading market for pipe coatings, in terms of value and volume. Countries in this region such as the U.S., Canada, and Mexico are witnessing a gradual increase in the use of pipe coatings in various end-use industries such as oil & gas, chemical processing, water & wastewater treatment, and others. South America is expected to be the fastest-growing market till 2021. The pipe coatings industry in South America is expected to grow as this region is witnessing a high demand for oil & gas. Further, the increase in the number of pipelines for water & wastewater treatment is also driving the pipe coatings market in this region.

The U.S. leads the North America pipe coatings market due to the rise in the oil & gas industry and increasing upstream, midstream & downstream activities that are promoting the use of pipelines. Hence, these factors are driving the market for pipe coatings in the region. The growth in the chemical processing industry is further expected to drive the pipe coatings market in Mexico and Canada in the future.

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Fusion bonded epoxy coating is projected to be the fastest-growing type of pipe coatings globally. It is widely used in 3LPE or 3LPP coatings in collaboration with PE or PP coatings and an adhesive. These types of coatings are resistant to corrosion and chemicals. They are also resistant to cathodic disbondment. They have good adherence to steel pipes and increase the life span of the pipelines.

Powder coatings are the largest and fastest-growing form of coatings used on pipes. This is majorly because they are eco-friendly as there are minimal to negligible emissions.  They are also advantageous as they can be used to coat larger diameter pipelines, and are also easy to apply and adhere uniformly to pipes.

PPG Industries, Inc. (U.S.), AkzoNobel N. V. (The Netherlands), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), and Axalta Coating Systems Ltd.(U.S.) are the leading players in the global pipe coatings market.

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