Pipe Coating Materials Market By Coating Material (Polyethylene (PE) Coatings, Polypropylene (PP) Coatings, Fusion-Bonded Epoxy (FBE) Coatings, Polyurethane (PU) Coatings, Others), By End-Use (Oil and Gas Pipelines, Water and Waste Water, Chemical Processing, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033

April 2024 | 300 pages | ID: PCECBAB0FA31EN
Allied Market Research

Abstracts

The global pipe coating materials market was valued at $10.1 billion in 2023, and is projected t%li%reach $15.3 billion by 2033, growing at a CAGR of 4.3% from 2024 t%li%2033.

Introduction



Pipe coating materials are specialized compounds applied t%li%the surface of pipes t%li%protect them from corrosion, abrasion, and other forms of damage, thereby extending their service life and maintaining their integrity. These coatings serve as a barrier between the pipe material and the surrounding environment, shielding it from harsh conditions such as moisture, chemicals, and mechanical stresses.

One common type of pipe coating material is fusion-bonded epoxy (FBE). FBE coatings are thermoset materials that are applied t%li%the pipe surface using a process that involves heating the coating powder t%li%its melting point and then fusing it t%li%the substrate. This results in a durable, corrosion-resistant coating that adheres tightly t%li%the pipe surface. FBE coatings are widely used in the oil and gas industry for both onshore and offshore pipelines, as well as in the water and wastewater industry for transmission and distribution pipes.

The pipe coating materials are als%li%used in a variety of other applications and industries. For example, they are used t%li%protect the interior surfaces of tanks and vessels in the chemical processing and water treatment industries, where corrosion resistance is critical for maintaining product quality and safety. Pipe coating materials are als%li%used in the automotive industry t%li%protect metal components from corrosion and wear, extending the service life of vehicles and reducing maintenance costs.

Market Dynamics

Long-term performance and durability of pipes is expected t%li%drive the growth of the pipe coating materials market. The primary reason for coating pipes is t%li%protect them from corrosion, which can significantly degrade the structural integrity of the pipes over time. Coating materials act as a barrier between the pipe surface and corrosive elements, such as moisture, chemicals, and soil, thereby extending the service life of the pipes. Pipes coated with high-performance materials are expected t%li%have a longer service life compared t%li%uncoated or poorly coated pipes. This extended service life reduces the frequency of maintenance and replacement, resulting in cost savings for pipeline operators and asset owners over the long term. In September 2023, DENSO Group Germany has been at the forefront of establishing quality benchmarks across numerous pipeline projects globally. Operating under the brand FORTIDE, DENSO Group Germany has broadened its portfoli%li%t%li%encompass high-performance epoxy coatings. These coatings are specifically designed for pipeline rehabilitation, offering solutions for entire pipe coatings as well as for welded joints and intricate geometries.

However, the high content of volatile organic compounds (VOCs) in pipe coating is expected t%li%restrain the growth of pipe coating materials market. VOCs are substances that easily evaporate int%li%the air, and they can have various adverse effects on human health and the environment. In many regions, there are regulations in place t%li%limit VOC emissions, which can impact industries that use materials containing VOCs, such as certain types of coatings. The presence of VOCs in pipe coating materials can have several adverse effects on human health and the environment. Inhalation of VOCs can cause respiratory problems, headaches, nausea, and irritation of the eyes, nose, and throat. Long-term exposure t%li%high levels of VOCs may lead t%li%more serious health issues, including damage t%li%the liver, kidneys, and central nervous system. Additionally, VOCs contribute t%li%the formation of ground-level ozone and smog, which can exacerbate respiratory conditions such as asthma and bronchitis and have detrimental effects on ecosystems.

Segmental Overview

The global pipe coating materials market is segmented int%li%coating material, end use, and region. On the basis of coating material, the market is classified int%li%polyethylene (PE) coatings, polypropylene (PP) coatings, fusion-bonded epoxy (FBE) coatings, polyurethane (PU) coatings, and others. On the basis of end use, the market is divided int%li%oil and gas pipelines, water and wastewater, chemical processing, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of coating material polyurethane (PU) coatings segment is the fastest growing segment representing the CAGR of 5.2% during the forecast period. Polyurethane coatings are used t%li%protect pipelines in water treatment plants, sewage systems, and municipal water distribution networks. These coatings help prevent corrosion and extend the service life of the pipelines, ensuring the safe and efficient transport of water and wastewater. In August 2023, Covestr%li%has launched production of polyurethane elastomer systems at its new Shanghai facility, marking a significant investment in the double-digit million Eur%li%range. This move is part of Covestro's ongoing investment strategy in elastomer raw materials, which has seen recent expansions in Thailand and Spain.

On the basis of end use chemical processing is the fastest-growing segment representing the CAGR of 4.9% in pipe coating material market from 2024 t%li%2033. Chemical processing often involves corrosive substances that can degrade metal pipelines over time. Pipe coating acts as a protective barrier, preventing corrosion and extending the lifespan of the pipes. This is critical in industries such as petrochemicals, refineries, and chemical manufacturing plants.

Region-wise Asia-Pacific is the fastest-growing segment in the pipe coating material market during the forecast period. In many countries across the Asia-Pacific region, there is significant investment in water and wastewater infrastructure. Pipe coating helps protect these pipelines from corrosion and extends their lifespan. Coated pipes are als%li%used in construction for various applications such as HVAC systems, fire protection, and structural support. China has a substantial demand for pipe coatings, particularly for applications in oil and gas pipelines, water supply systems, and infrastructure projects.

Competitive Analysis

The report covers profiles of key industry participants such as 3M, AkzoNobel, BASF SE, Arkema, PPG Industries, Inc., Axalta Coating Systems, LLC, Tenaris, The Sherwin-Williams Company, DENSO-Holding GmbH & Co. KG, and LyondellBasell Industries Holdings B.V.

Recent Key Developments in the Pipe Coating Materials Industry

• In August 2023, Wheatland Tubenew introduced Ultra Z-Coat, a black steel pipe coating designed t%li%offer superior protection against corrosion and damage during transit and installation. Unlike traditional water-based coatings, Ultra Z-Coat dries rapidly, within moments in the UV light chamber, ensuring that the pipes are immediately ready for handling, touching, and transportation.

Key Market Trends:

• By coating material, the fusion-bonded epoxy (FBE) coatings segment dominated the pipe coating materials market and accounted for more than one third of the market share.
• By end use oil and gas pipelines is the most lucrative segment in the pipe coating materials market representing 4.0% of CAGR t%li%the market.
• By region, Asia-Pacific is the fastest growing region representing 4.7% CAGR in the market during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pipe coating materials market analysis from 2023 t%li%2033 t%li%identify the prevailing pipe coating materials market opportunities.
• The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the pipe coating materials market segmentation assists t%li%determine the prevailing market opportunities.
• Major countries in each region are mapped according t%li%their revenue contribution t%li%the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global pipe coating materials market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• End user preferences and pain points
• Investment Opportunities
• Upcoming/New Entrant by Regions
• Technology Trend Analysis
• Consumer Preference and Product Specifications
• Market share analysis of players by products/segments
• Regulatory Guidelines
• Additional company profiles with specific t%li%client's interest
• Additional country or region analysis- market size and forecast
• Expanded list for Company Profiles
• Historic market data
• Import Export Analysis/Data
• Key player details (including location, contact details, supplier/vendor network etc. in excel format)
• SWOT Analysis
• Volume Market Size and Forecast

Key Market Segments

By Coating Material

• Polyethylene (PE) Coatings
• Polypropylene (PP) Coatings
• Fusion-Bonded Epoxy (FBE) Coatings
• Polyurethane (PU) Coatings
• Others

By End-Use

• Oil and Gas Pipelines
• Water and Waste Water
• Chemical Processing
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• Rest of LAMEA
• Key Market Players
• 3M
• AkzoNobel
• BASF SE
• Arkema
• PPG Industries, Inc.
• Axalta Coating Systems, LLC
• Tenaris S.A.
• The Sherwin-Williams Company
• DENSO-Holding GmbH & Co. KG
• LyondellBasell Industries Holdings B.V.

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Key Regulation Analysis
3.7. Patent Landscape

CHAPTER 4: PIPE COATING MATERIALS MARKET, BY COATING MATERIAL

4.1. Overview
  4.1.1. Market size and forecast
4.2. Polyethylene (PE) Coatings
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Polypropylene (PP) Coatings
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country
4.4. Fusion-Bonded Epoxy (FBE) Coatings
  4.4.1. Key market trends, growth factors and opportunities
  4.4.2. Market size and forecast, by region
  4.4.3. Market share analysis by country
4.5. Polyurethane (PU) Coatings
  4.5.1. Key market trends, growth factors and opportunities
  4.5.2. Market size and forecast, by region
  4.5.3. Market share analysis by country
4.6. Others
  4.6.1. Key market trends, growth factors and opportunities
  4.6.2. Market size and forecast, by region
  4.6.3. Market share analysis by country

CHAPTER 5: PIPE COATING MATERIALS MARKET, BY END-USE

5.1. Overview
  5.1.1. Market size and forecast
5.2. Oil and Gas Pipelines
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Water and Waste Water
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country
5.4. Chemical Processing
  5.4.1. Key market trends, growth factors and opportunities
  5.4.2. Market size and forecast, by region
  5.4.3. Market share analysis by country
5.5. Others
  5.5.1. Key market trends, growth factors and opportunities
  5.5.2. Market size and forecast, by region
  5.5.3. Market share analysis by country

CHAPTER 6: PIPE COATING MATERIALS MARKET, BY REGION

6.1. Overview
  6.1.1. Market size and forecast By Region
6.2. North America
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by Coating Material
  6.2.3. Market size and forecast, by End-Use
  6.2.4. Market size and forecast, by country
    6.2.4.1. U.S.
      6.2.4.1.1. Market size and forecast, by Coating Material
      6.2.4.1.2. Market size and forecast, by End-Use
    6.2.4.2. Canada
      6.2.4.2.1. Market size and forecast, by Coating Material
      6.2.4.2.2. Market size and forecast, by End-Use
    6.2.4.3. Mexico
      6.2.4.3.1. Market size and forecast, by Coating Material
      6.2.4.3.2. Market size and forecast, by End-Use
6.3. Europe
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by Coating Material
  6.3.3. Market size and forecast, by End-Use
  6.3.4. Market size and forecast, by country
    6.3.4.1. Germany
      6.3.4.1.1. Market size and forecast, by Coating Material
      6.3.4.1.2. Market size and forecast, by End-Use
    6.3.4.2. France
      6.3.4.2.1. Market size and forecast, by Coating Material
      6.3.4.2.2. Market size and forecast, by End-Use
    6.3.4.3. UK
      6.3.4.3.1. Market size and forecast, by Coating Material
      6.3.4.3.2. Market size and forecast, by End-Use
    6.3.4.4. Spain
      6.3.4.4.1. Market size and forecast, by Coating Material
      6.3.4.4.2. Market size and forecast, by End-Use
    6.3.4.5. Italy
      6.3.4.5.1. Market size and forecast, by Coating Material
      6.3.4.5.2. Market size and forecast, by End-Use
    6.3.4.6. Rest of Europe
      6.3.4.6.1. Market size and forecast, by Coating Material
      6.3.4.6.2. Market size and forecast, by End-Use
6.4. Asia-Pacific
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by Coating Material
  6.4.3. Market size and forecast, by End-Use
  6.4.4. Market size and forecast, by country
    6.4.4.1. China
      6.4.4.1.1. Market size and forecast, by Coating Material
      6.4.4.1.2. Market size and forecast, by End-Use
    6.4.4.2. India
      6.4.4.2.1. Market size and forecast, by Coating Material
      6.4.4.2.2. Market size and forecast, by End-Use
    6.4.4.3. Japan
      6.4.4.3.1. Market size and forecast, by Coating Material
      6.4.4.3.2. Market size and forecast, by End-Use
    6.4.4.4. South Korea
      6.4.4.4.1. Market size and forecast, by Coating Material
      6.4.4.4.2. Market size and forecast, by End-Use
    6.4.4.5. Australia
      6.4.4.5.1. Market size and forecast, by Coating Material
      6.4.4.5.2. Market size and forecast, by End-Use
    6.4.4.6. Rest of Asia-Pacific
      6.4.4.6.1. Market size and forecast, by Coating Material
      6.4.4.6.2. Market size and forecast, by End-Use
6.5. LAMEA
  6.5.1. Key market trends, growth factors and opportunities
  6.5.2. Market size and forecast, by Coating Material
  6.5.3. Market size and forecast, by End-Use
  6.5.4. Market size and forecast, by country
    6.5.4.1. Brazil
      6.5.4.1.1. Market size and forecast, by Coating Material
      6.5.4.1.2. Market size and forecast, by End-Use
    6.5.4.2. South Africa
      6.5.4.2.1. Market size and forecast, by Coating Material
      6.5.4.2.2. Market size and forecast, by End-Use
    6.5.4.3. Saudi Arabia
      6.5.4.3.1. Market size and forecast, by Coating Material
      6.5.4.3.2. Market size and forecast, by End-Use
    6.5.4.4. Rest of LAMEA
      6.5.4.4.1. Market size and forecast, by Coating Material
      6.5.4.4.2. Market size and forecast, by End-Use

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. 3M
  8.1.1. Company overview
  8.1.2. Key executives
  8.1.3. Company snapshot
  8.1.4. Operating business segments
  8.1.5. Product portfolio
  8.1.6. Business performance
  8.1.7. Key strategic moves and developments
8.2. AkzoNobel
  8.2.1. Company overview
  8.2.2. Key executives
  8.2.3. Company snapshot
  8.2.4. Operating business segments
  8.2.5. Product portfolio
  8.2.6. Business performance
  8.2.7. Key strategic moves and developments
8.3. BASF SE
  8.3.1. Company overview
  8.3.2. Key executives
  8.3.3. Company snapshot
  8.3.4. Operating business segments
  8.3.5. Product portfolio
  8.3.6. Business performance
  8.3.7. Key strategic moves and developments
8.4. Arkema
  8.4.1. Company overview
  8.4.2. Key executives
  8.4.3. Company snapshot
  8.4.4. Operating business segments
  8.4.5. Product portfolio
  8.4.6. Business performance
  8.4.7. Key strategic moves and developments
8.5. PPG Industries, Inc.
  8.5.1. Company overview
  8.5.2. Key executives
  8.5.3. Company snapshot
  8.5.4. Operating business segments
  8.5.5. Product portfolio
  8.5.6. Business performance
  8.5.7. Key strategic moves and developments
8.6. Axalta Coating Systems, LLC
  8.6.1. Company overview
  8.6.2. Key executives
  8.6.3. Company snapshot
  8.6.4. Operating business segments
  8.6.5. Product portfolio
  8.6.6. Business performance
  8.6.7. Key strategic moves and developments
8.7. Tenaris S.A.
  8.7.1. Company overview
  8.7.2. Key executives
  8.7.3. Company snapshot
  8.7.4. Operating business segments
  8.7.5. Product portfolio
  8.7.6. Business performance
  8.7.7. Key strategic moves and developments
8.8. The Sherwin-Williams Company
  8.8.1. Company overview
  8.8.2. Key executives
  8.8.3. Company snapshot
  8.8.4. Operating business segments
  8.8.5. Product portfolio
  8.8.6. Business performance
  8.8.7. Key strategic moves and developments
8.9. DENSO-Holding GmbH & Co. KG
  8.9.1. Company overview
  8.9.2. Key executives
  8.9.3. Company snapshot
  8.9.4. Operating business segments
  8.9.5. Product portfolio
  8.9.6. Business performance
  8.9.7. Key strategic moves and developments
8.10. LyondellBasell Industries Holdings B.V.
  8.10.1. Company overview
  8.10.2. Key executives
  8.10.3. Company snapshot
  8.10.4. Operating business segments
  8.10.5. Product portfolio
  8.10.6. Business performance
  8.10.7. Key strategic moves and developments