PUBLISHER: Value Market Research | PRODUCT CODE: 1542579
PUBLISHER: Value Market Research | PRODUCT CODE: 1542579
The global demand for Pipe Coating Market is presumed to reach the market size of nearly USD 14.85 Billion by 2032 from USD 9.36 Billion in 2023 with a CAGR of 5.26% under the study period 2024-2032.
A pipe coating is a viable solution to maintain pipelines' integrity. It is one of the most reliable corrosion prevention methods that provide a constant protective lining and helps save pipelines from the damaging effects of corrosion. It is applied to counter the adverse effects of corrosion on pipeline operation, capacity and costs. Pipe coating is a standard practice and provides the benefits such as improved gas flow, reduce the need for inhibitors, faster inspection and commissioning, promote clean delivery of the product, low-maintenance option, and decreased cost of energy.
Stringent regulations by pipeline associations and expanding capacities of oil & gas, water & wastewater treatment plants, chemical processing, and mining industries are influencing demand for pipe coatings. Booming urbanization and industrialization have increased the pipeline for domestic water supply, heating & cooling, and industrial processing, thus pipe coatings. Pipe coatings allow the pipeline constructors to operate more efficiently by reducing repair costs incurred for transportation and handling damages. Key players are working on developing newer coating technological which are affordable, easy to apply, and able to sustain for a longer time. However, unstable raw material costs and the high content of volatile organic compounds (VOCs) in pipe coatings hinder the global market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Pipe Coating. The growth and trends of Pipe Coating industry provide a holistic approach to this study.
This section of the Pipe Coating market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Pipe Coating market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pipe Coating market include AkzoNobel N.V., BASF SE, The Sherwin-Williams Company, Axalta Coating Systems, 3M Company, Shawcor Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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