PUBLISHER: Grand View Research | PRODUCT CODE: 1530257
PUBLISHER: Grand View Research | PRODUCT CODE: 1530257
Pipe Coatings Market Size & Trends
The global pipe coatings market size was estimated at USD 8.30 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. The growth of infrastructure development and industrialization, particularly in developing countries. The expansion of industries and the rise in irrigation and agricultural activities have increased the demand for pipes, thereby boosting the pipe coating market. Additionally, the shale gas development sector has witnessed a surge in demand for pipe coatings, further contributing to market growth.
The growth of infrastructure development and industrialization in developing countries has led to an increased need for reliable and durable pipelines. As industries expand and new infrastructure projects are undertaken, the demand for pipes and pipe coatings has risen. This growth is particularly evident in regions such as Asia-Pacific, where the construction sector is witnessing strong growth, and countries like India, Indonesia, China, Vietnam, and Singapore are experiencing increased demand for construction pipes.
The expansion of infrastructure development and industrialization in the U.S. has led to a higher demand for reliable and durable pipelines. As industries expand and new infrastructure projects are undertaken, the need for pipes and pipe coatings has increased. This growth is particularly evident in sectors such as oil and gas, water and wastewater treatment, chemical processing, and mining, where the demand for product is driven by the need for corrosion protection and improved flow efficiency.
The rise in irrigation and agricultural activities has also contributed to the demand for market in the U.S. The agricultural sector requires a constant water supply through irrigation to ensure regular production and supply of raw materials. As a result, the demand for product that can withstand the demands of irrigation systems has increased.
Furthermore, the shale gas development sector has emerged as a significant driver for the pipe coating market in the United States. The exploration and production activities in shale gas reserves have led to an increased need for coated pipelines to ensure the safe transport of hydrocarbons. This has resulted in a surge in demand for product in the oil and gas sector.
Global Pipe Coatings Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global pipe coatings market report based on type, form, application & region.
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa