Process Pipe Coating Market Key Players, End User, Demand and Consumption by 2027
Pipe coating is a technique which utilizes protective
materials to protect a pipe from corrosion and abrasion. Based on the
requirement, the coating used can either be of a single or triple layer. Pipe
coatings are important to protect a pipe from harmful environmental components,
such as moisture, ultra violet rays, acid, carbon dioxide, hydrogen disulfide,
etc. as these components are capable of directly meddling with performance,
reliability, durability and flow of a pipe. Coatings on a pipe are applied both
internally and externally. External corrosion frequently occurs in the form of
oxide materialization when water comes in contact with air. Internal corrosion,
on the other hand, frequently occurs due to the presence of active chemicals
present in the liquid flowing through a pipe.
These active chemicals react with the material of pipe,
resulting in internal corrosion. The selection of a suitable coating depends on
various factors, some of which are performance, economic concerns, regulatory
consideration, chemical properties of the fluid, flammability and viscosity.
Powder coating offers better durability and environmental benefits as it does
not emit VOCs (Volatile Organic Compounds). The oil and gas industry is the
leading end user of the global process
pipe coating market as the pipes in this industry are subjected to
significantly corrosive and harsh environmental conditions while oil extraction
and transportation.
Though there are various other corrosion prevention methods,
such as current catholic protection and sacrificial anode, these methods are
not very effective. Pipe coating is perceived to be the most consistent method
for corrosion prevention, which can be a major contributor to market growth.
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Process Pipe Coating Market: Dynamics:
Drivers:
Robust growth of end use industries, such as oil and gas, is
anticipated to be a prime force triggering the growth of process pipe coating
market. Transportation of crucial liquids through pipelines requires proper
maintenance of pipes to avoid losses. Governments around the world are putting
strict regulations regarding VOCs, which creates the need for the development
of new and eco-friendly products such as water-based coatings, which is
anticipated to drive market’s growth. Focus of government across major regions
to enhance sewage and potable water infrastructure is also anticipated to
supplement market growth over the forecast period.
Restraints:
Increasing raw material cost, which further adds to the cost
of manufacturing, may prove to be a major challenge for the global process pipe
coating market over the forecast period.
Trends:
Preference for abrasion resistance overlay (ARO) is growing
in the process pipe coatings market. ARO is designed to protect FBE (Fusion
bonded epoxy) coated pipes during directional applications, such as thrust
bore, river crossing and slick bore.
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Process Pipe Coating Market: Key Participants:
Some of the key players identified across the value chain of
the global process pipe coating market include:
- Shawcor
Ltd.
- The
Bayou Companies
- Arkema
S.A.
- Lyonde||Base||IndustriesHolding
B.V.
- L.B.Foster
Ball Winch
- BASF
SE
- AKZO
Nobel N.V.
- Covestro
AG
- The
Dow Chemical Company
- Wasco
Energy Group of Companies
- Celanese
Corporation
- Tenaris
- Process
Pipe Coating Market: Region-wise Outlook:
North America is anticipated to be the dominant region in
the global process pipe coatings market owing to the increase in natural gas
production from shale formation. Middle East and Africa (MEA), especially Saudi
Arabia and Qatar, will closely follow North America and expected to be major
markets for process pipe coating because of high production of petroleum and
other liquids in the region. It is expected that Asia-Pacific will witness
significant growth in the global process pipe coating market during the
forecast period. China, Indonesia and India are anticipated to emerge as fast
growing countries in the global process pipe coating market. In Europe, given
the decreasing gas production in the Dutch field, the market in this region is
anticipated to witness relatively lower growth over the forecast period.
The research report presents a comprehensive assessment of
the process pipe coating market and contains thoughtful insights, facts,
historical data, and statistically supported and industry-validated market
data. It also contains projections using a suitable set of assumptions and
methodologies. The research report provides analysis and information according
to market segments such as geographies, application, and industry.
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Process Pipe Coating Market: Segmentation
The global process pipe coating market can be segmented on
the basis of form into:
- Power
coating
- Water-based
coating
- Solvent-based
coating
The global process pipe coating market can be segmented on
the basis of product type into:
- Thermoplastic
polymer coating
- Polypropylene
- Teflon
- Polyethylene
- Polyurethane
coating
- Metallic
coating
- Electroplating
- Galvanization
- Cadmium
plating
- Fusion
merged epoxy ash coating
- Concrete
coating
- Asphalt
coating
- Coal
tar enamel coating
The global process pipe coating market can be segmented on
the basis of end users into:
- Industrial
- Mining
- Chemical
processing
- Oil
and gas industry
- Agriculture
- Residential
- Commercial
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