TPi September 2017

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September 2017 TUBE PRODUCTS INTERNATIONAL 17
business & market news
Pipe coatings market
worth $14.42bn by 2021
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
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-
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