Global Pipe Coatings Market Size, Growth, Market Overview, Competitive Analysis, Key Players Industry and Forecast 2024-2032

Pipe Coatings Market Size And Forecast

The world’s growing need for sewage treatment, which makes protective coatings necessary to prevent corrosion and abrasion and improve pipes’ longevity, performance, and dependability, is the main factor propelling the pipe coatings market. According to the analyst from Market Research, the pipe coatings market is estimated to reach a valuation of USD 10.52 Billion in 2031 over the forecast subjugating around USD 7.61 Billion in 2024.

The growing emphasis on infrastructure development and maintenance, particularly in the oil and gas, water, and wastewater sectors, is a significant driver for the Pipe Coatings Market, as advanced coating solutions are required to extend pipeline lifespan and ensure operational efficiency. It enables the market to grow at a CAGR of 4.55% from 2024 to 2031.

Pipe Coatings Market: Definition/ Overview

Pipe coatings are protective layers that are put to the exterior or inner surfaces of pipes to prevent corrosion, abrasion, and other types of damage, increasing the pipeline system’s longevity and integrity. These coatings are important in a variety of applications, including oil and gas transportation, water supply systems, and wastewater management, since they assist preserve flow efficiency, save energy costs, and reduce maintenance requirements. Pipe coatings improve pipeline operational performance by providing a smooth surface, making them an essential component in infrastructure construction and maintenance across a wide range of sectors.

What are the Key Drivers Shaping the Growth Trajectory of the Pipe Coatings Market?

The increase in oil and gas pipeline infrastructure is a major driver of the pipe coatings market. According to the Energy Information Administration (EIA), the United States alone had roughly 3 million miles of natural gas pipelines as of 2020. This enormous network needs continual maintenance and growth, increasing demand for pipe coatings to prevent corrosion and increase pipeline life.

Growing populations and urbanization drive up the demand for water and wastewater infrastructure, supporting the pipe coatings market. According to the American Society of Civil Engineers (ASCE)’s 2021 Infrastructure Report Card, a water main breaks every two minutes in the United States, and an estimated 6 billion gallons of treated water are lost each day owing to leaking pipes. This highlights the urgent need for better pipe protection and rehabilitation.

Furthermore, stricter environmental rules are encouraging the use of sophisticated pipe coatings to avoid leaks and contamination. The US Environmental Protection Agency (EPA) reported that there were between 23,000 and 75,000 sanitary sewage overflows in the United States per year, spilling 3 to 10 billion gallons of untreated wastewater. This has resulted in a greater emphasis on utilizing high-performance coatings to lengthen pipe life and avoid environmental degradation.

How Do Environmental Concerns Related to Pipe Coatings Restrain the Growth of the Market?

Stringent environmental rules governing volatile organic compound (VOC) emissions and hazardous compounds in coatings present hurdles for manufacturers. Compliance with these restrictions frequently necessitates significant expenditure in research and development to establish environmentally acceptable alternatives, which raises production costs and limits market expansion in certain countries.

The application of sophisticated pipe coatings necessitates specialized equipment and trained manpower, resulting in significant initial investment costs for end users. Furthermore, continuing maintenance and probable reapplication requirements may discourage some customers, particularly those in developing countries or smaller-scale projects, from adopting high-performance coatings, limiting market growth in these segments.

Category-Wise Acumens

What Factors Contribute to the Dominance of the Fusion Bonded Epoxy Coatings in the Market?

According to Analysis, the fusion bonded epoxy (FBE) coating segment is estimated to hold the largest market share during the forecast period. Fusion Bonded Epoxy coatings provide exceptional corrosion resistance, which is critical for safeguarding pipelines in severe environments. Their ability to build a strong, continuous connection with the pipe surface creates an excellent barrier against moisture, chemicals, and abrasive elements. This outstanding protection greatly increases pipeline longevity while lowering maintenance costs and downtime, making FBE coatings the preferred choice for many sectors.

FBE coatings work exceptionally well across a wide temperature range, from cryogenic to high-temperature applications. Because of their adaptability, they are appropriate for a wide range of pipeline conditions, including underwater, underground, and above-ground installations. Their capacity to preserve integrity under a variety of situations adds to widespread adoption throughout industries, resulting in market domination.

Furthermore, fusion-bonded epoxy coatings include low volatile organic compound (VOC) levels, which aligns with increasingly rigorous environmental standards. They are often free of heavy metals and other toxic compounds, making them more environmentally friendly than certain alternatives. This adherence to global environmental norms and sustainability initiatives increases their appeal to environmentally sensitive industries and areas, hence consolidating their market leadership.

How Does Extensive Pipeline Networks Play in the Oil & Gas Industry’s Dominance?

The oil & gas segment is estimated to dominate the pipe coatings market during the forecast period. The oil and gas industry requires enormous pipeline networks to deliver crude oil, natural gas, and refined products over long distances. These pipelines stretch thousands of kilometers and frequently cross diverse and difficult areas. The sheer size of these networks needs extensive usage of protective coatings to prevent corrosion, increase pipeline longevity, and maintain operational efficiency.

Oil and gas pipelines are subjected to harsh conditions such as high pressure, fluctuating temperatures, and caustic compounds. These harsh conditions hasten pipeline degradation, making high-performance coatings critical for maintaining integrity and preventing spills. The industry’s severe safety and environmental laws increase the demand for improved protective coatings.

Furthermore, pipeline failures in the oil and gas industry have far-reaching financial consequences, including production losses, environmental harm, and large fines. Pipe coatings are an affordable way to enhance asset life and reduce maintenance frequency. The industry’s emphasis on operational efficiency and risk mitigation encourages ongoing investment in improved coating technology.

Gain Access to Pipe Coatings Market Report Methodology

Country/Region-wise Acumens

What are the Primary Drivers Behind North America’s Prominent Position in the Market?

According to Analyst, North America is estimated to dominate the pipe coatings market during the forecast period. The demand for pipe coatings is driven by North America’s massive and aging pipeline network. According to the Pipeline and Hazardous Materials Safety Administration (PHMSA) of the United States Department of Transportation, approximately 45% of crude oil pipelines in the country were older than 50 years in 2023. The aging infrastructure demands more maintenance and rehabilitation activities, which drive the pipe coatings market.

The increasing natural gas sector in North America is driving demand for pipe coatings. According to the Energy Information Administration (EIA), natural gas output in the United States hit a new high of 934 billion cubic meters in 2022. This production growth has resulted in large investments in pipeline infrastructure, increasing the demand for protective coatings.

Furthermore, strict regulatory standards in North America encourage the use of advanced pipe coatings. According to the US Pipeline and Hazardous Materials Safety Administration (PHMSA), 1,529 severe pipeline incidents occurred between 2017 and 2021, costing more than $3 billion in total. These occurrences have prompted more stringent safety standards, increasing demand for high-performance coatings that prevent corrosion and leakage.

What are the Key Factors Influencing the Demand for Pipe Coatings in the Asia Pacific Region?

The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The region is witnessing tremendous urbanization  increasing demand for water and sewage infrastructure. According to the United Nations, Asia’s urban population is expected to grow from 2.3 billion in 2020 to 3.5 billion by 2050. This tremendous urbanization trend is increasing the demand for large pipeline networks, hence driving the pipe coatings market in the region.

The oil and gas sector in Asia Pacific is rapidly expanding, demanding massive pipeline infrastructure. The International Energy Agency (IEA) indicated that Asia accounted for 35% of world oil demand in 2019, with that figure predicted to climb to 43% by 2040. This rising energy demand is driving pipeline construction and, consequently, the pipe coatings market.

Furthermore, increased concerns about water scarcity and quality are prompting investments in water infrastructure. The Asian Development Bank estimates that Asia would need to invest approximately $800 billion in water infrastructure between 2016 and 2030 to accommodate rising demand. This huge investment is likely to greatly enhance the region’s pipe coatings market, as protective coatings are critical to the longevity and efficiency of water distribution systems.

Competitive Landscape

The competitive landscape of the pipe coatings market is defined by a wide range of coating technologies and applications adapted to the specific needs of various sectors, including as oil and gas, water and wastewater treatment, and chemical processing.

Some of the prominent players operating in the pipe coatings market include:

• 3M
• BASF SE
• PPG Industries
• The Sherwin-Williams Company
• AkzoNobel NV
• Shawcor Ltd.
• Chesterton Co.
• Hempel
• Jotun
• LyondellBasell
• Borusan Mannesmann
• Wasco Energy Group of Companies
• Perma-Pipe Inc.

Latest Developments

• In November 2023, POWERCRETE introduced a new ARO coating, DD 410. This product is part of a family of liquid epoxy polymer concrete coatings designed for the pipeline industry.
• In June 2023, Fayette Pipe launched FayetteGuard, an LED UV-cured paint solution for black steel pipe exteriors. Our revolutionary LED UV-coating technology provides superior protection, energy efficiency, durability, and aesthetic appeal for fire prevention, plumbing, and HVAC applications.

Report Scope

Pipe Coatings Market, By Category

Type:

• Fusion Bonded Epoxy Coatings
• Metallic Coatings
• Concrete Coatings
• Thermoplastic Polymer Coatings
• Others

Surface Type:

• External
• Internal

Form:

• Liquid
• Powder

End-User Industry:

• Chemical Processing
• Mining
• Agriculture
• Oil & Gas
• Water & Wastewater
• Others

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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