According to Researcher, the global Pipe Coatings market is expected to witness a significant growth rate during the forecast period. The market is expected to grow at a CAGR of around 5%. The major factors driving the Pipe Coatings marketgrowth are the growing industrial sector and demand from end-users. The number of shale gas explorations and chemical process industries are increasing due to which piping networks are being developed to accommodate the current needs. However, the competition from renewable energy sources can serve as a restraint to the market. Due to stringent environmental norms, the adoption of green coatings can act as an opportunity for the growth of the market.
Globally, the North American region dominates the Pipe Coatings market owing to its massive oil and gas production and extensive piping network. The Asia Pacific region is the fastest-growing region in the pipe coatings market due to increasing demandfrom end-users like oil and gas, agriculture, chemical transport, etc. Rapid urbanization in the developing economies has resulted in real-estate growth for both residential and commercial purposes, due to which piping infrastructure is being developed.
The global Pipe Coatings market is consolidated. The major players in the global Pipe Coatings market are 3M, BASF SE, PPG Industries, Sherwin Williams Company, Akzo Nobel NV, among others.
Global Pipe Coatings Market report provides deep insight into the current and future state of the Pipe Coatings market across various regions. The study comprehensively analyzes the Pipe Coatings market by segmenting based on form (Liquid Coatings & Powder Coatings), material type (Asphalt Enamel, Coal Tar Enamel, Epoxy Layered, Thermoplastics, Vinyl Ester-based & Other Types), end-user industry(Agriculture, Chemical Processing and Transport, Mining, Oil and Gas, Water and Wastewater Treatment & Other end-users) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region