Pipe Coating Market - Global Industry analysis, Size, Share, Growth, Trend and Forecast 2016 - 2024
Pipe coating is a protective coating on to metal surfaces primarily required to prevent corrosion of pipes. Coatings can be done for pipes below as well as above the ground level internal coat and external coat. The coating is applied from single layer to triple layer array to endure harsh environments such as UV, solvents, moisture etc. Besides, protection from the corrosion pipe coatings are also developed for abrasion resistance. The selection of proper coating depends on various factors, some of which are performance level, economics consideration, regulatory concerns, technical properties requirement, etc. Polymeric pipe coating such as fusion bonded epoxy coating also known as FBE coating and olefin based are popular due to coating with lower residual stress and uniform coating without weld tenting. Oil and gas industry is the main end user for pipe coating market, since the transportation of heavy oil, liquids is very frequent and shelf life of the pipe is an important concern. The pipe coating market is was lightly hit by the fall of oil industry in 2015, but it is anticipated that the pipe coating market growth will be advance latter half of 2016.
The pipe coating market is driven majorly by the industrial segment of the end user industry. The need for higher shelf life, smooth transportation of oils and acids drives the pipe coating market. Besides, abrasion resistance overlay (ARO) is a trend setter in the pipe coating solutions. Also, s regional strict government regulations for the environment and health safety (EHS), aids in the growth of pipe coating market.
The global pipe coating market is segmented on the basis of formulation base type, material type and end user.
Based on the formulation base type, the global pipe coating market is segmented into:
- Water base coatings
- Solvent base coating
- Ultraviolet curable (UV)
Based on the coating material type, global pipe coating market is segmented into:
- Coal tar enamel
- Polymeric tapes
- Fusion bonded epoxy (FBE)
- Polyolefin
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Based on the end user the global pipe coating market is segmented into:
- Industrial
- Oil and gas (on shore and off shore)
- Chemical
- Others
- Commercial
- Residential
The global pipe coating market is geographically divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America holds major share of pipe coating market due the increase in natural gas production from shale formation. Followed by North America is Middle East and Africa (MEA), especially Saudi Arabia, Qatar are lucrative for pipe coating market because of major production of petroleum and other liquids. In Asia Pacific China, India, Taiwan, Japan, South Korea are important for growth of pipe coating market.
Some of the key players identified in the global pipe coating market are L.B. Foster Ball Winch, ShawCor Ltd., Tenaris, The Bayou Companies, etc. The key players for pipe coating material production are BASF SE, Arkema S.A. , AkzoNobel N.V. , LyondellBasell Industries Holdings B.V etc.