Global Pipe & Tank Coatings Market By Form (Powder, Liquid), Type (Thermoplastic Coatings, Metal Coatings, Fusion Bonded Epoxy, Concrete Weight Coatings), Application (Oil & Gas, Chemical Processing, Industrial, Municipal Water Supply), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Pipe & Tank Coatings Market
Global Pipe & Tank Coatings Market is expected to rise from its initial estimated value of USD 12.48 billion in 2018 to an estimated value of USD 18.32 billion by 2026, registering a CAGR of 4.91% in the forecast period of 2019-2026. Increase in the global pipeline market is major factor for the rise of this market.
Market Definition: Global Pipe & Tank Coatings Market
To protect ERW or seamless pipes from corrosion, moisture or other chemical reactions pipeline coating is one of the most successful solutions. For the transmission of oil, water, gas and other fluids, coated pipes are very useful and are cost effective. To protect the pipe from damaging effects of corrosion, coating provides a pipe a protective layer. They are usually used in water sewage treatment industries and chemical industries.
- Advancement in the technologies is driving the growth.
- They are easy to apply
- Environment and exposure issues are the major factor restraining the growth.
- Presence of Volatile Organic Compounds in pipe is restraining market.
Segmentation: Global Pipe & Tank Coatings Market
- By Form
- By Type
- Thermoplastic Coatings
- Metal Coatings
- Fusion Bonded Epoxy
- Concrete Weight Coatings
- By Application
- Oil & Gas
- Chemical Processing
- Municipal Water Supply
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In April 2018, Garlock Pipeline Technologies announced the launch of their evolution. This aims at decreasing installation difficulties, tight sealing, hydro testing isolation, fire safety, chemical resistance and high- temperature operation.
- In May 2018, Polyguard Products announced the launch of the RD-6 UVO surface protection solutions. It is single component, UV- resistant, water- based technology is used to resist harmful UV light rays.
Global pipe & tank coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pipe & tank coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in pipe & tank coatings market are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products Inc., Excel Enterprise, General Coatings, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved