Process Pipe Coating Market Size is projected to reach USD 21.7 billion by 2029, growing at a CAGR of 4.6% – AkzoNobel, Arkema, 3M, The Sherwin-Williams Company
The global market for Process Pipe Coating estimated at USD 14.5 billion in 2022, is projected to reach a revised size of USD 21.7 billion by 2029 registering a compounded annual growth rate (CAGR) of 4.6% over the period 2023-2029.
The latest report titled Process Pipe Coating Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Process Pipe Coating market.
The report describes the profile of the top manufacturers of the global Process Pipe Coating market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Process Pipe Coating market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Process Pipe Coating market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Process Pipe Coating market is AkzoNobel, Arkema, 3M, The Sherwin-Williams Company, Axalta Coating Systems, Specialty Polymer Coating, DowDuPont, BASF, PPG, Shawcor, Wasco Energy, LyondellBasell Industries, The Bayou Companies, Tenaris. and others.
- On 1st April 2020, AkzoNobel acquired a leading Mauritius-based paints and coatings company Mauvilac Industries Limited. The complete acquisition helps the company strengthen its distribution network across Europe and Africa.
- In January 2021, AkzoNobel signed an agreement with Guangdong Water to supply powder coatings for a landmark water pipeline in China.
- In February 2021, Arkema acquired Poliplas, a leader in hybrid-technology sealants and adhesives. The acquisition reinforces its presence in the Brazilian fast-growing construction adhesives market.
- On 5th May 2021, Axalta completed the expansion of its waterborne coatings plant in Shanghai, China. Expansion of the plant was done looking into the growing demand for sustainable coating solutions for commercial and industrial markets in China and the Asia Pacific region
Process Pipe Coating Market Segmentation:
Process Pipe Coating Market By Type, 2023-2029, (USD Million) (Kilotons)
- Coal Tar Enamel Coating
- Concrete Coating
- Metallic Coating
- Thermoplastic Polymer Coating
- Fusion Merged Epoxy Ash Coating
- Asphalt Coating
Process Pipe Coating Market By Application, 2023-2029, (USD Million) (Kilotons)
- Residential
- Industrial
- Commercial
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Regional Framework
The Process Pipe Coating Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Process Pipe Coating market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Process Pipe Coating Market: Dynamics
- Drivers:
- Robust growth of end use industries, such as oil and gas, is anticipated to be a prime force triggering the growth of process pipe coating market. Transportation of crucial liquids through pipelines requires proper maintenance of pipes to avoid losses.
- overnments around the world are putting strict regulations regarding VOCs, which creates the need for the development of new and eco-friendly products such as water-based coatings, which is anticipated to drive market’s growth. Focus of government across major regions to enhance sewage and potable water infrastructure is also anticipated to supplement market growth over the forecast period.
- Restraints:
- Increasing raw material cost, which further adds to the cost of manufacturing, may prove to be a major challenge for the global process pipe coating market over the forecast period.
- Trends:
- Preference for abrasion resistance overlay (ARO) is growing in the process pipe coatings market. ARO is designed to protect FBE (Fusion bonded epoxy) coated pipes during directional applications, such as thrust bore, river crossing and slick bore.
This Report Also Includes:
» Process Pipe Coating Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies’ strategic developments
» Process Pipe Coating Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Process Pipe Coating research report:
- Underlying macro- and microeconomic factors impacting the Sales of Process Pipe Coating.
- Basic overview of the Process Pipe Coating, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Process Pipe Coating across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Process Pipe Coating market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Process Pipe Coating market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market’s evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Process Pipe Coating market’s growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Process Pipe Coating Market in the coming years?
✦ What are the most significant challenges that the global Process Pipe Coating Markets may face in the future?
✦ What are the top companies in the global Process Pipe Coating market?
✦ What are the main trends that are positively impacting the market’s growth?
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