The global pipe coatings market is estimated to grow from USD 6.9 billion in 2020 to USD 8.5 billion by 2025, at a CAGR of 4.5% during the forecast period. The market is witnessing significant growth globally due to the growing demand for pipe coatings in various end-use industries such as oil & gas, chemical processing, water & wastewater treatment, infrastructure, mining, agriculture and others.
North America is expected to be the leading region in the pipe coatings market, in terms of value and volume, between 2020 and 2025. Countries in this region, such as the U.S., Canada and Mexico, are witnessing a significant increase in the use of pipe coatings by different end-use industries. The increased demand for pipelines in end-use industries such as oil & gas, water & wastewater treatment, chemical processing, and others is driving the for pipe coatings market. The U.S. is projected to be the fastest-growing market in this region until 2025. This growth is mainly due to increased demand for pipelines and rehabilitation activities in the country.
To know about the assumptions considered for the study download the pdf brochure
PPG Industries Inc. (US), Akzo Nobel N.V. (Netherlands), Shawcor Ltd. (Canada), Sherwin-Williams Company (US), and Axalta Coating Systems Ltd. (US), Arkema (France), Wasco Energy Group of Companies (Malaysia), 3M Company (US), Specialty Polymer Coatings Inc (Canada) and Seal For Life (Netherlands) are the leading pipe coatings manufacturers, globally. These companies adopted expansion, new product development, joint venture, and merger & acquisition as their key growth strategies between 2016 and 2020 to earn a competitive advantage in the market.
PPG Industries, Inc. (U.S.) is the most active player in the pipe coatings market and has developed various pipe coatings to cater to the market effectively. The company adopted the mergers & acquisitions, expansions, and new product launches strategies in recent years. As a part of its strategy, in March 2019, the company launched a new line of extreme protection edge coatings at the Powder Coating 2019 under the brand name PPG ENVIROCRON at the Renaissance Orlando at Seaworld in Florida. Further, the company also completed the acquisition of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer from the Emerging Europe Accession Fund (EEAF) in January 2017. This helped the company to improve its presence and sales in Europe.
Another company that has established a strong foothold in the pipe coatings market is Axalta Coating Systems Ltd. (U.S.). The company acquired Capital Paints LLC (UAE), which specializes in architectural powder coatings in September 2019. This acquisition is done to provide better support and technical services to local customers in the oil & gas and architectural segments, while also helping the company enter the markets in the Middle Eastern region. Further, the company also launched its new protective coatings brand, Corroless. The Corroless portfolio consists of Axaltas most durable products, engineered to provide exceptional, long-term chemical and corrosion resistance to a wide array of iron and steel substrates
Request fro Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=98303023
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/pipe-coatings-market-98303023.html