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2021
Process Pipe Coating Market

Process Pipe Coating Market: Global Opportunity Analysis and Industry Forecast, 2021-2028

A11490
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Dec 2021 | 287 Views
   
Author(s) : Eswara Prasad
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COVID-19

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Process Pipe Coating Market Outlook – 2028

Pipe coating protects pipes from corrosion and scrapes, and it is essential as it protects pipes from harsh environmental conditions such as carbon dioxide, acid moisture, and ultraviolet rays. The performance, durability, reliability, and flow of the pipes get affected due to wear & tear of the pipe. Therefore, to prevent this, pipe coating is done. The growing adoption of pipe coating for applications in newer market verticals as well as emerging economies, such as India, China, and others, is expected to open up new opportunities for the global process pipe coating industry. The demand is driven by increasing technological advancement within the pipe coating market. However, decrease in oil prices due to oversupply and competition from renewable energy substitutes is hampering the growth of the process pipe coating market.

Scope of the report

Report Metric

Details

  Market size available for years

  2019–2028

  Base year considered  

  2020

  Forecast period

  2021–2028

  Forecast unit

  Value (USD)

  Segments covered

  Application, End User, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

PPGI, Akzo Nobel, Shawcor L.T.D, Sherwin Williams, Axalta Coating System, Arkema, WASCO Energy Group, 3M Company, Seal for Life

 

COVID-19 scenario analysis

  • The COVID-19 pandemic affects trade activities, and the ongoing restriction on movement will hamper the productivity rate of the process pipe coating market. 
  • Limited export & import business due to less demand for goods is expected to decline the industry growth.
  • The end-use industries are being significantly affected due to the COVID-19 pandemic as most of the countries have issued lockdown. This factor is limiting the process pipe coating market growth in the current situation.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The increase in demand for pipe coatings is due to the pipeline industry's development as well as technical advancements in the pipe coatings sector. Pipe coating is mostly used in the oil & gas and chemical industries. Pipelines and pipe coatings are in high demand due to the need for safe transportation of oil, gas, and chemicals. Additionally, the application of pipe coatings in various industry verticals and rise of developing countries are expected to positively impact the demand for process pipe coatings. A key trend observed is the increase in usage of abrasion-resistant overlays (ARO). ARO is a form of coating that is specifically engineered to prevent and withstand even the most severe abrasions and surface damage. The use of AROs improves the efficiency of the pipes while also increasing their lifespan. This is also another positive factor affecting the process pipe coating industry.

However, the high cost of pipe coatings is expected to have a major effect on the process pipe coatings market's development. Recently, the dynamic prices of oil and its derivatives have impacted the process pipe coating market as there is surplus product in inventories. This is expected to hinder the growth of the process pipe coating market.

Regional analysis:

North America is expected to be the industry leader in terms of both size and volume in the coming years due to easy access and availability of raw materials. The market growth in North America is also attributed to the presence of the manufacturing sector. This leads to the requirement of process pipes consequently increasing the demand for process pipe coatings. Following North America, the Middle East and Africa have significant petroleum and other liquid processing facilities. Attributed to increased investment in industrial construction activities, developing countries, such as India and China, are expected to expand their market reach.

The global process pipe coating market trends are as follows:    

New technology to boost the process pipe coating market

Preference for ARO is driving the process pipe coating market. ARO is intended to ensure fusion reinforced epoxy (FRE) covered lines during directional applications such as push bore, waterway intersection, and smooth bore.

Key segments covered

Segment

Sub-segment

  Type

  • Liquid Coating
  • Powder Coating

  End User

  • Oil & Gas
  • Water and Wastewater Treatment
  • Mining
  • Agriculture
  • Chemical Processing and Transport
  • Infrastructure
  • Others


Key benefits of the report

  • This study presents the analytical depiction of the global process pipe coating market along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the process pipe coating market share.
  • The current market is quantitatively analyzed from 2019 to 2028 to highlight the process pipe coating market growth scenario.
  • The report provides a detailed market analysis depending on competitive intensity and the competition in the coming years.
  • This report helps users in comprehending the key product segments.

Questions answered in the global process pipe coating market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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