TPi September 2017

business & market news

Pipe coatings market worth $14.42bn by 2021

nessing growth in upstream, midstream and downstream activities, which is driving the market for pipe coatings. North America was the leading region in the pipe coatings market, in terms of value and volume, in 2015. Countries in this region are seeing significant increase in the use of pipe coatings by different end-use industries. The increased demand for pipelines in end-use industries such as oil and gas, water and wastewater treatment, chemical processing and others is driving the pipe coatings market. The USA is projected to be the fastest- growing market in this region until 2021, mainly due to increased demand for pipelines and rehabilitation activities in the country. MarketsandMarkets – India sales@marketsandmarkets.com www.marketsandmarkets.com

type of pipe coating used in different end-use industries. The market for thermoplastic polymer coatings is large because the polymers offer advantages such as resistance to chemicals and physical stress, high flexibility, and easy applicability. Polyethylene (PE) coatings are the largest type of thermoplastic polymer coatings. Other types include polypropylene (PP) and polyurethane (PU) coatings. Oil and gas is the largest end-use industry of pipe coatings, due to the high demand for oil and gas around the world. Pipe coatings are used for protecting pipelines from corrosion, and so are used on a large scale in the oil and gas industry. The oil and gas market is currently wit-

MarketsandMarkets™ has published a new report, titled ‘Pipe Coatings Market by Form (Powder and Liquid), Type (Thermoplastic Polymer, Fusion Bonded Epoxy, Concrete Coatings), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Chemical Processing), and Region-Global Forecast to 2021’. According to the report, the global market is projected to reach US$14.42bn by 2021, at a CAGR of 4.7 per cent from 2016 to 2021. This growth is fuelled by the high demand for pipelines in various end- use industries such as oil and gas, water and wastewater treatment, and chemical processing, as well as increasing demand for pipe coatings in Asia-Pacific, North America, South America, the Middle East and Africa. Thermoplastic polymer is the largest

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September 2017 TUBE PRODUCTS INTERNATIONAL