According to the report published by Zion Market Research, the global Process Pipe Coating Market size was valued at USD 8.01 Billion in 2022 and is predicted to reach USD 13.88 Billion by the end of 2030. The market is expected to grow with a CAGR of 7.12% during the forecast period. The report analyzes the global Process Pipe Coating Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Process Pipe Coating Market industry.
Process Pipe Coating Market: Overview
The pipe coating is done for protecting the pipes from abrasion and corrosion and they consist of protective materials. The pipe coatings are essential as they protect the pipes from adverse environmental conditions such as ultraviolet rays, carbon dioxide, moisture, acid, hydrogen disulfide, and others. Owing to these factors the performance, durability, reliability, and flow of the pipe gets affected.
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Process Pipe Coating Market: Facts
New innovations are being made in the field of pipe coatings. The recent development made by the industrial player Shurtape is very innovative. It has developed the high-performance masking tape which is used for the pipe coatings for the pipes that are used in the natural gas and oil and gas industry.
Process Pipe Coating Market: Segmentation
The global market for the process pipe coating is segregated into its form, product type, and the end-user industry. Based on the form, the global market is segregated into the water-based coating, powder coating, and solvent-based coating. Based on the type of the product, the market is categorized into coal tar enamel coating, concrete coating, metallic coating, thermoplastic polymer coating, fusion merged epoxy ash coating, and asphalt coating. Based on the end-user industry, the market is divided into residential, industrial, and commercial.
Process Pipe Coating Market: Growth Factors
The key factor that is driving the process pipe coating market is the rapid development of the end-user industries such as the oil and gas industry has increased the demand for the process pipe coating. In order to avoid the leakages, the pipelines through which the liquids are transported should be maintained properly. Strict regulations are being implemented by the government regarding the VOCs thus increasing the need to develop advanced and eco-friendly products such as the water-based coatings propels the growth of the process pipe coating market. Another factor that will positively affect the growth of the market is the increasing focus by the government on enhancing the potable water infrastructure and the sewage lines. The major challenge that is faced by the process pipe coating market is the rise in the cost of the raw materials which, in turn,is increases the manufacturing cost that affects the market growth negatively.
Process Pipe Coating Market: Regional Analysis
The region that is dominating the process pipe coating market is the North America. This is due to the factor that there is a rise in the natural gas production. In the Middle East and Africa region, especially in the Qatar and Saudi Arabia, there is a significant market growth being experienced owing to the increased production of the petroleum and other types of fuel in the region. Asia Pacific region will also experience a significant market growth in the coming years. The countries that anticipate to rapidly develop in the process pipe coating market are Indonesia, China, and India. The decreasing production of the gas in the field of Dutch in the European region has resulted in the slow development of the market.
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Process Pipe Coating Market: Competitive Players
The key market players that are involved in the process pipe coating market include:
- The Bayou Companies
- LyondellBasell Industries Holding B.V.
- BASF SE
- Covestro AG
- Wasco Energy Group of Companies
- Tenaris, Shawcor Ltd.
- Arkema S.A.
- L.B. Foster Ball Winch
- AKZO Nobel N.V.
- The Dow Chemical Company
- Celanese Corporation.
The Global Process Pipe Coating Market is segmented as follows:
- water-based coating
- powder coating
- solvent-based coating
By Product type
- coal tar enamel coating
- concrete coating
- metallic coating
- thermoplastic polymer coating
- fusion merged epoxy ash coating
- and asphalt coating
By End-user industry
Process Pipe Coating Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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