Global Pipe Coatings Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Pipe Coatings Market value is expected to reach $13.7 billion growing at a CAGR of 8.8% during 2022-2028.

Pipe coatings are protective coatings applied to the interiors and exteriors of pipelines to prevent corrosion. The pipe coatings market is divided into two segments: exterior coatings and inside coatings. External corrosion is typically caused by oxide development as a result of exposure to air and water, whereas internal corrosion is caused by chemically active components present in the pipeline stream reacting with the pipe material. Pipe coating has been found to be the most reliable way of corrosion protection due to its higher wear resistance, flow augmentation, and reduced abrasion effect.
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North America is projected to have the highest CAGR over the forecast period, due to the easy access & abundance of shale gas and newly discovered reserves of oil. Countries in this region, including as the United States, Canada, and Mexico, are seeing a rapid increase in the use of pipe coatings by various end-use businesses. The increased need for pipes in end-use industries such as oil and gas, water and wastewater treatment, chemical processing, and others is propelling the local pipe coatings sector. The United States is thought to be the fastest developing country in this region.
Some of the key players profiled in the Pipe Coatings Market include Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc., Wasco Energy Group of Companies, 3M, The Sherwin-Williams Company, PPG Industries, AkzoNobel, Celanese Corporation, BSR Coatings, DuPont, Lyondellbasell Industries Holdings BV, Shawcor Ltd, Tenaris SA and Hempel Coatings.
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