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Pipe Coatings Market worth 14.42 Billion USD by 2021

(EnergyIndustry.Net, January 13, 2019 ) According to the new market research report “Pipe Coatings Market by Form (Powder, and Liquid), Type (Thermoplastic Polymer, Fusion Bonded Epoxy, Concrete Coatings), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Chemical Processing), and Region-Global Forecast to 2021”, published by MarketsandMarkets™, the global pipe coatings market is projected to reach USD 14.42 Billion by 2021, at a CAGR of 4.7% from 2016 to 2021.

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This growth is fueled by the high demand for pipelines in various end-use industries such as oil & gas, water & wastewater treatment, and chemical processing and increasing demand for pipe coatings in the Asia-Pacific, North America, South America, and Middle East & Africa.

Thermoplastic Polymer: The most-widely used type of pipe coatings

Thermoplastic polymer is the largest type of pipe coating used in different end-use industries. The market for thermoplastic polymer coatings is large because these polymers offer various advantages such as resistance to chemicals and physical stress, high flexibility, and easy applicability. Polyethylene (PE) coatings are the largest type of thermoplastic polymer coatings. Other types of thermoplastic polymer coatings are Polypropylene (PP) and Polyurethane (PU) coatings.

Oil & Gas: The largest end-use industry of pipe coatings

Oil & gas is the largest end-use industry of pipe coatings due to the high demand for oil & gas across the world. Pipe coatings are used for protecting pipelines from corrosion and hence pipe coatings are used on a large scale in the oil & gas industry. Further, the market of oil & gas currently is witnessing growth in upstream, midstream and downstream activities, which is driving the market for pipe coatings.

Browse and in-depth TOC on “Pipe Coatings Market”
139 - Tables
49 - Figures
169 - Pages

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North America: The largest pipe coatings market

North America was the leading region in the pipe coatings market, in terms of value and volume, in 2015. Countries in this region such as the U.S., Canada and Mexico are witnessing 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 pipe coatings market. The U.S. is projected to be the fastest-growing market in this region till 2021. This growth is mainly due to increased demand for pipelines and rehabilitation activities in the country.

There are few global players competing for the pipe coatings market share. These companies are actively investing in various strategies such as expansions, new product developments, mergers & acquisitions, and joint venture projects globally to increase their market shares. Major players such as PPG Industries, Inc. (U.S.), Akzo Nobel N. V. (The Netherlands), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems Ltd. (U.S.), Wasco Energy Ltd. (Malaysia), Arkema S.A. (France), Shawcor Ltd. (Canada), 3M Company (U.S.), and Specialty Polymer Coatings, Inc. (Canada) have adopted various organic and inorganic growth strategies.

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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, 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.


MarketsandMarkets

Mr. Shelly Singh

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

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