Global Pipe Coating Market- Market Overview:

The global pipe coating market is expected to grow from USD 6.9 billion in 2022 to USD 10.02 billion by 2030, at a CAGR of 4.6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand from the oil and gas industries.

Pipe coating is the process of coating metal surfaces in order to prevent corrosion of pipes. Pipe coatings can be applied to pipes below and above the ground level internally and externally.  A growing emphasis on mobile coating technologies and new applications of pipe coating, as well as emerging economies such as China, India, and others, are expected to lead to new market opportunities for pipe coating. Pipe coating prices are, however, the biggest constraints for the global industry, along with crude oil oversupply. As residential pipes can be exposed to a lot of water, which leads to deterioration problems, corrosion and rust are prevented by pipe coatings. Resistant coatings are crucial in this application because they prevent corrosion and rust from forming. Furthermore, they ensure that all materials adhere properly together without interference or problems. In the pipe coatings market, thermoplastic polymer coating is expected to experience a significant rise during the Projection period due to its excellent properties and wide range of applications in various end-use industries. Further, the growth in sewage treatment demand around the globe is one of the major factors driving the global pipe coating market to grow over the Projection period. In spite of these challenges, the adoption of green coatings can serve as an opportunity for pipeline coatings market growth, even though renewable energy sources can serve as a restraint on the market due to strict environmental regulations.

Sample Request: - Global Pipe Coating Market

Market Dynamics:

Drivers:                          

• Mobile coating technology

Providing coating services at the project site is a major growth opportunity for mobile coating technology, also known as innovative portable coating technology. In addition to streamlining projects, it reduces transportation and handling costs as well as time to complete coatings. Installing a mobile coating plant is simple and it is as productive as a fixed plant.

Restraints:                                             

• Fluctuating prices of raw material

Increasing raw material costs for pipe coating are one of the biggest challenges for producers. As raw material costs rise, the cost of production will also rise, adversely impacting the market's development. Raw material prices will continue to rise over the projected period, which will in turn increase production costs. As the global process pipe coating industry grows, increasing raw material prices may prove a major challenge.

Opportunities:

• Rising demand in various end-user industries

There is a high demand for process pipe coating as a result of rapid growth in end-user industries such as oil and gas. To prevent leaks, the pipes used to transport the fluids must be well maintained. As the government enforces stricter regulations on VOCs, the industry for process pipe coating is expanding as consumers demand advanced and eco-friendly products like water-based coatings.

Challenges:

• Poor weather conditions

Pipelines are installed in many remote areas during very cold weather conditions, and infrastructure development in these areas is limited and support for pipeline operation is limited. In order to ensure pipeline integrity, corrosion protection is the focus, but mechanical protection must be addressed as well, so that the pipelines can withstand poor weather conditions.

Segmentation Analysis:

The global pipe coating market has been segmented based on material type, end-user, and region.

By Material Type

The material type segment includes thermoplastic and thermoset. The thermoplastic segment led the largest share of the pipe coating market with a market share of around 57% in 2022. Polyolefin coatings are primarily made of thermoplastic polymer coatings, such as PE, PP and PU, which are commonly used in pipe coatings. Due to their added advantage provided by thermoplastic polymer coatings and fusion bonded epoxy coatings, 3LPE coatings are now being used in large numbers in the oil and gas industries. As a result of its excellent properties and its wide range of applications in various end-use industries, thermoplastic polymer coatings are expected to continue to grow in the pipe coatings market over the Projection period.

By End-User

The end-user segment includes chemical processing, oil & gas, mining, infrastructure, and others. The oil & gas segment led the largest share of the pipe coating market with a market share of around 34% in 2022. A significant share of the pipe coatings market is held by the oil and gas segment because it is rapidly growing, driving the market for pipe coatings. The demand for these coatings is also expected to increase due to their excellent corrosion, wear, and chemical resistance properties.

Global Pipe Coating Market- Sales Analysis.

The sale of pipe coating expanded at a CAGR of 4.2% from 2016 to 2022.

Competition among players in the global pipe coatings market is increasing as new products and treatment procedures are launched. Global pipe coatings market players are expanding their businesses through innovative creativities such as strategic mergers and acquisitions and increased R&D expenditures for new product launches in an effort to sustain the competitive environment.

Most commonly, exterior coatings are used to protect and isolate steel pipes carrying corrosive fluids, such as those in the oil, gas, or water industry. External coatings are usually used to prevent corrosion from taking place on internal surfaces that are exposed to these fluids.

The pipe coating market is also positively impacted by rapid industrialization, a surge in investment, and strict government regulations regarding health and safety. As mobile coating technologies become increasingly popular, market players will have profitable opportunities in the coming years.

Thus, owing to the aforementioned factors, the global pipe coating market is expected to grow at a CAGR of 4.6% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the pipe coating market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the pipe coating market and held a 38.1% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. Increasing consumer demand for end-use industries, especially water and wastewater treatment and pipe coatings from oil and gas, has led the Asia-Pacific region to hold a large share of the market. Oil and gas and other industries are also driving the demand for pipe coatings. Water treatment facilities in this region have also increased in demand due to factors such as an expanding environmental regulation system, a shortage of fresh water, and an increase in industrial water demand.
• North America is anticipated to experience significant growth during the predicted period. The North American market is expected to grow at the fastest CAGR during the Projection period, especially in the United States, Canada, and Mexico. Because of the abundant supply of shale gas and the discovery of oil reserves, the oil & gas industry in the United States, Canada, and Mexico is growing. As a result of the region's plentiful raw materials, the chemical processing industry should also grow.

Global Pipe Coating Market - Country Analysis:

• Germany

Germany's pipe coating market size was valued at USD 0.51 billion in 2022 and is expected to reach USD 0.73 billion by 2030, at a CAGR of 4.7% from 2023 to 2030.

In Germany, among the top end users of pipe coatings is the oil and gas industry. Due to the high temperatures in the business operations environment, heat-resistant coatings are required. Tanks, pipes, pumps, valves, and other structures in the oil and gas industry require these coatings when they are exposed to moist and damp conditions, to prevent corrosion.

• China

China’s pipe coating market size was valued at USD 0.67 billion in 2022 and is expected to reach USD 0.98 billion by 2030, at a CAGR of 4.9% from 2023 to 2030.

Several factors have also led to an increase in water treatment facilities in the area, including environmental restrictions, a shortage of freshwater, and the need for industrial water. Since all these industries have developed, the demand for pipes from those industries has risen, which is expected to drive the demand for pipe coatings in the country.

• India

India's pipe coating market size was valued at USD 0.52 billion in 2022 and is expected to reach USD 0.75 billion by 2030, at a CAGR of 4.8% from 2023 to 2030.

Market growth will be augmented by an increase in foreign direct investment in emerging economies such as India. Rapid urbanization in emerging economies has led to the boom of the real estate market for residential and commercial purposes, which has led to an abundance of water and sewer pipeline infrastructure.

Key Industry Players Analysis:  

To increase their market position in the global pipe coating market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Arkema S.A.
• Dura-Bond Industries
• Tenaris
• Wah Seong Corporation Berhad
• The 3M Company
• Winn & Coales Ltd
• Shawcor Ltd.
• PPG Industries
• Wasco Energy Group of Companies
• BASF SE
• B. Foster Company
• Aegion Corporation
• Eupec Pipecoatings Company Ltd.
• Berry Plastics CPG

Latest Development:

• In January 2021, as part of the groundbreaking water pipeline in China, AkzoNobel signed an agreement with the Guangdong province to supply powder coatings.
• In February 2021, ARKEMA acquired Poliplas, a hybrid technology leader in sealants and adhesives. This acquisition will increase its presence in the rapidly growing Brazil construction adhesive market.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	4.6%
Market Size	6.9 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Material Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Arkema S.A., Dura-Bond Industries, Tenaris, Wah Seong Corporation Berhad, The 3M Company, Winn & Coales Ltd, Shawcor Ltd., PPG Industries, Wasco Energy Group of Companies, BASF SE, L.B. Foster Company, Aegion Corporation, Eupec Pipecoatings Company Ltd., and Berry Plastics CPG.
By Material Type	Thermoplastic Thermoset
By End-User	Chemical Processing Oil & Gas Mining Infrastructure Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Pipe Coating Market by Type:

• Thermoplastic
• Thermoset

Global Pipe Coating Market by End-User:

• Chemical Processing
• Oil & Gas
• Mining
• Infrastructure
• Others

Global Pipe Coating Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Both bureaucracy and corruption have a negative impact on the business climate. When operating in countries with high levels of corruption and low law enforcement, the business environment is especially risky for the pipe coating market because of the diminished public faith in commercial organisations and the entire political and economic system. Contracts, fraud agreements, licencing, and various legal proceedings are just a few of the corporate operations that corruption may have an effect on. If the pipe coating market opted to enter markets with a corrupt economic and political system, it would weaken the rule of law, foster social unrest, and jeopardise the legal system, endangering the organization's capacity to grow sustainably.

Economic Factors- The labour market's supply and demand have an impact on the availability of skilled workers and wages. The pipe coating market must investigate and anticipate the labour market situations in order to comprehend how it may draw exceptional individuals and utilise their skills to enhance firm performance. In markets with flexible labour, higher labour productivity may be advantageous for the polyester-bearing sector. However, working in competitive labour markets may result in wage issues as well as other challenges raised by tenacious labour unions. The availability of qualified human capital should be carefully assessed by the pipe coating market because a dearth of such people can affect corporate effectiveness and make it more difficult to attract and retain personnel.

Social Factors- Managers of international marketing consider culture to be a crucial factor. Every culture has its own set of norms and values, which play a significant role in influencing how individuals behave as consumers. In order to develop marketing tactics that are suited for the local environment, the pipe coating market should form partnerships and teams in the area to better understand local opinions and societal norms. The market for pipe coating s places a high importance on social class stratification research. To offer luxury items at premium prices to a market where the high-end consumer is relatively small, the pipe coating industry will need to employ specialised marketing strategies. Market segmentation based on social class may also be unsuccessful in places with little social class stratification.

Technological Factors- The pipe coating market must carefully review recent technological advancements if it hopes to remain competitive. In order to boost productivity, it's crucial to consider how 5G might enhance user experience, speed, and access. These technical developments have the potential to radically change an economic sector and the rules that determine market actors' success. The technology's stage of development and maturity within the pertinent industry are other crucial factors to take into account. The pipe coating market can increase its market share by focusing on recent technological advancements and entering markets where technology is still in its infancy.

Environmental Factors- Due to accelerating environmental degradation and technological progress, businesses are now required to utilise cutting-edge recycling and waste management practises. In many countries, recycling is almost regarded as a commercial imperative. Effective waste management practises must be implemented in organisational divisions located in or close to urban regions for the manufacture of pipe coating. Many countries have implemented tight regulations in order to effectively manage their rubbish and protect their urban areas. Some countries offer financial assistance to promote the use of renewable energy sources. The pipe coating market can benefit from it and invest in renewable technology to ensure long-term sustainability. This investment will lead to greater stakeholder satisfaction and a larger customer base due to the improved brand impression.

Legal Factors- The pipe coating market must follow by the laws governing employee/labor health and safety since certain countries have rigorous regulations to protect worker safety. The pipe coating industry has a moral and ethical duty to give its employees a safe place to work. Similar to the aforementioned, when developing human resource practises, it is crucial to carefully consider anti-discrimination laws (such as equal employment opportunity laws) because discriminatory lawsuits against employers harm an organization's reputation and impair its ability to attract and retain talent. Data protection has become a critical issue as a result of consumer worries about their privacy and security. The pipe coating market needs to research data protection regulations in order to safeguard consumer data.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Material Type
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Mobile coating technology
   • 3. Restraints
     • 3.1. Fluctuating prices of raw material
   • 4. Opportunities
     • 4.1. Rising demand in various end-user industries
   • 5. Challenges
     • 5.1. Poor weather conditions

6. Global Pipe Coating Market Analysis and Projection, By Material Type
   • 1. Segment Overview
   • 2. Thermoplastic
   • 3. Thermoset
7. Global Pipe Coating Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Chemical Processing
   • 3. Oil & Gas
   • 4. Mining
   • 5. Infrastructure
   • 6. Others
8. Global Pipe Coating Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Pipe Coating Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Pipe Coating Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Arkema S.A.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Dura-Bond Industries
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Tenaris
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Wah Seong Corporation Berhad
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • The 3M Company
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Winn & Coales Ltd
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Shawcor Ltd.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • PPG Industries
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Wasco Energy Group of Companies
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • BASF SE
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • B. Foster Company
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Aegion Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Eupec Pipecoatings Company Ltd.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Berry Plastics CPG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
2. Global Thermoplastic, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
3. Global Thermoset, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
4. Global Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
5. Global Chemical Processing, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
6. Global Oil & Gas, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
7. Global Mining, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
8. Global Infrastructure, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
9. Global Others, Pipe Coating Market, By Region, 2023–2030 (USD Billion)
10. Global Pipe Coating Market, By Region, 2023–2030 (USD Billion)
11. North America Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
12. North America Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
13. USA Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
14. USA Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
15. Canada Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
16. Canada Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
17. Mexico Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
18. Mexico Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
19. Europe Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
20. Europe Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
21. Germany Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
22. Germany Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
23. France Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
24. France Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
25. UK Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
26. UK Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
27. Italy Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
28. Italy Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
29. Spain Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
30. Spain Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
31. Asia Pacific Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
32. Asia Pacific Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
33. Japan Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
34. Japan Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
35. China Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
36. China Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
37. India Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
38. India Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
39. South America Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
40. South America Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
41. Brazil Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
42. Brazil Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
43. Middle East and Africa Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
44. Middle East and Africa Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
45. UAE Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
46. UAE Pipe Coating Market, By End-User, 2023–2030 (USD Billion)
47. South Africa Pipe Coating Market, By Material Type, 2023–2030 (USD Billion)
48. South Africa Pipe Coating Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Pipe Coating Market Segmentation
2. Pipe Coating Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pipe Coating Market Attractiveness Analysis By Material Type
9. Global Pipe Coating Market Attractiveness Analysis By End-User
10. Global Pipe Coating Market Attractiveness Analysis By Region
11. Global Pipe Coating Market: Dynamics
12. Global Pipe Coating Market Share By Material Type (2023 & 2030)
13. Global Pipe Coating Market Share By End-User (2023 & 2030)
14. Global Pipe Coating Market Share by Regions (2023 & 2030)
15. Global Pipe Coating Market Share by Company (2021)