Theincreasing demand for the method from oil and gas industry as coated pipes arerequired for the petroleum offshore and onshore production and refineries andhigh usage especially in the petroleum industry as pipes are required inupstream, midstream and downstream act as the major factors driving the pipeand Tank coatings market. The high utilization of the epoxy pipe coating as itis known to resist high temperatures, chemicals and corrosion and the rise inconcerns regarding equipment failure and lost production time caused bypipeline corrosion which enhances the demand for pipeline corrosion protectionand thus accelerating the pipe and Tank coatings market growth. Tubing, pipes,fasteners and equipment are affected by chemicals, water and sea salt spraywhich increase the demand of the process in various industries furtherinfluence the pipe and Tank coatings market. Additionally, expansion of oil andgas industry, high demand for energy globally, increase in investment bymanufacturers, and increasing demand from water sewage treatment industries andchemical industries positively affect the pipe and Tank coatings market.Furthermore, technological advancement in the coating process and applicationand increase in oil and gas offshore exploration and production activitiesextend profitable opportunities to the pipe and Tank coatings market players inthe forecast period of 2021 to 2028.
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The pipeand Tank coatings market is expected to witness market growth at a rate of4.84% in the forecast period of 2021 to 2028 and is expected to reach USD 16.30billion by 2028. Data Bridge Market Research report on pipe and Tank coatingsmarket provides analysis and insights regarding the various factors expected tobe prevalent throughout the forecast period while providing their impacts onthe market’s growth. The rising demand for energy across the globe isescalating the growth of pipe and Tank coatings market.
The pipelinecoating acts as one of the suitable solution to protect ERW or seamless pipesfrom corrosion, moisture or other chemical reactions. The coated pipes areconsidered to be beneficial and cost effective for the transmission of oil,water, gas and other fluids. The coating assists in providing a protectivelayer to the pipe for preventing it from damaging effects of corrosion. Theyare extensively utilized in water sewage treatment industries and chemicalindustries.
On the otherhand, the rise in concerns regarding environment and exposure issues isexpected to obstruct the pipe and Tank coatings market growth. The presence ofvolatile organic compounds in pipe is projected to challenge the pipe and Tankcoatings market in the forecast period of 2021 to 2028.
This pipeand Tank coatings market report provides details of new recent developments,trade regulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localized market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographical expansions, technological innovations in the market. To gain moreinfo on pipe and Tank coatings market contact Data Bridge Market Research foran Analyst Brief, our team will help you take an informed market decision toachieve market growth.
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The globalpipe and Tank coatings market is segmented on the basis of form, type andapplication. The growth amongst the different segments helps you in attainingthe knowledge related to the different growth factors expected to be prevalentthroughout the market and formulate different strategies to help identify coreapplication areas and the difference in your target markets.
On the basisof form, the pipe and Tank coatings market is segmented into powder and liquid.
On the basisof type, the pipe and Tank coatings market is segmented into thermoplasticcoatings, metal coatings, fusion bonded epoxy, and concrete weight coatings.
On the basisof application, the pipe and Tank coatings market is segmented into oil and gas,chemical processing, industrial and municipal water supply.
The globalpipe and Tank coatings market is analyzed and market size, volume informationis provided by country, form, type and application as referenced above.
Thecountries covered in the globally pipe and Tank coatings market report are theU.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands,Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe,China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East andAfrica (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina andRest of South America as part of South America.
Asia-Pacificdominates the pipe and Tank coatings market because of the increasing demandfor pipeline infrastructure from oil and gas, chemical, mining, water andwastewater, agriculture and construction industries, growth of construction sectorespecially in developing nations, rising rate of oil and gas exploration andproduction activities, growth of construction industry, increasing watertreatment facilities, growing environment regulations and rising water demandfor industrial use in the region.
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The countrysection of the report also provides individual market impacting factors andchanges in regulation in the market domestically that impacts the current andfuture trends of the market. Data points such as consumption volumes, productionsites and volumes, import export analysis, price trend analysis, cost of rawmaterials, down-stream and upstream value chain analysis are some of the majorpointers used to forecast the market scenario for individual countries. Also,presence and availability of global brands and their challenges faced due tolarge or scarce competition from local and domestic brands, impact of domestictariffs and trade routes are considered while providing forecast analysis ofthe country data.
The globalpipe and Tank coatings market competitive landscape provides details bycompetitor. Details included are company overview, company financials, revenuegenerated, market potential, investment in research and development, new marketinitiatives, global presence, production sites and facilities, productioncapacities, company strengths and weaknesses, product launch, product width andbreadth, application dominance. The above data points provided are only relatedto the companies’ focus related to pipe and Tank coatings market.
The majorplayers covered in the pipe and Tank coatings market report are PPG Industries,Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, CarbolineCompany, Coolshield International Pty., Ltd, Delta T andProtective ProductsInc., Excel Enterprise, General Coatings, Jotun, Kansai Paint Co., Ltd.,Lincoln Industries, Mascoat, Nippon Paint Holdings Co., Ltd., NPP Engineering,Sharpshell Industrial Solutions among other domestic and global players. Marketshare data is available for global, North America, Europe, Asia-Pacific (APAC),Middle East and Africa (MEA) and South America separately. DBMR analystsunderstand competitive strengths and provide competitive analysis for eachcompetitor separately.
GlobalPipe and Tank Coatings Market, By Form (Powder, Liquid), Type(Thermoplastic Coatings, Metal Coatings, Fusion Bonded Epoxy, Concrete WeightCoatings), Application (Oil and Gas, Chemical Processing, Industrial, MunicipalWater Supply), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of SouthAmerica, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey,Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea,Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest ofAsia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of MiddleEast and Africa) Industry Trends and Forecast to 2028
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