As per MRFR Analysis, the Global Pipe Coating Market was valued at USD 9.3 billion in 2023 and is projected to grow to USD 14.5 billion by 2032, with a CAGR of 5.00% from 2024 to 2032. Key drivers include growing infrastructure, industrialization, and increased agricultural activities. The oil and gas sector significantly influences market growth, with epoxy coatings being widely used due to their resistance to high temperatures and corrosion. The demand for abrasion-resistant overlays (ARO) is also rising, enhancing pipe longevity. North America leads the market, driven by shale gas and oil reserves, while the Asia-Pacific region is expected to grow at the fastest rate due to increasing pipeline infrastructure needs.
The pipe coating market is witnessing significant trends driven by technological advancements and sector demands.
Key players include Axalta Coating Systems Ltd., Akzo Nobel N. V, The Sherwin-Williams Company, ShawCor, and PPG Industries Inc.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
In the oil and gas industry, pipes are required in petroleum offshore and onshore production and refineries. In the petroleum industry, pipes are required upstream, midstream, and downstream. Hence, it generates higher demand for pipe coatings. In the oil and gas industry, epoxy pipe coating is used extensively, as it is resistant to high temperatures, chemicals, and corrosion. Without pipeline corrosion protection, damages occur, which leads to equipment failure and loss of production time. Tubing, pipes, fasteners, and equipment are subjected to the punishing effects of chemicals, water, and sea salt spray. Industry-standard hot-dip galvanized, cadmium, and zinc-plated coatings lack durability and deteriorate in tough offshore environments. However, metal coatings' proprietary gas pipe coating products minimize the effects of corrosion and abrasion and improve the longevity of costly equipment. With recovery prices in the oil and gas industry, exploration and production have started increasing. The major increase in oil & gas offshore exploration and production activities is noticed in the North Sea, North America, and Middle Eastern regions. According to BP, ly, oil production in 2021 increased by about 1.6% from the previous year and is expected to increase market CAGR over the forecast period.
Additionally, the application of pipe coatings in various industry verticals and the rise of developing countries are expected to positively impact the demand for pipe coatings. The increase in demand witnessed in shale gas development is another factor expected to drive the growth of the pipe coatings market. A key trend observed is the increased usage of abrasion-resistant overlays (ARO). ARO is a coating designed to resist and withstand the toughest abrasions and surface damage. The implementation of AROs ensures better pipes' performance and increases their longevity. This driver positively affects the pipe coating market revenue during the forecast period.
Hardide Coatings, a developer of advanced surface coating technology, will introduce the first of a new line of ready-coated and upgraded components in 2024, featuring a JP-5000 4" copper nozzle for high-velocity oxy fuel (HVOF) thermal spray painting. The tungsten/tungsten carbide-based Hardide chemical vapor deposition (CVD) coating has been shown to increase the operational life of HVOF thermal spray copper nozzles by 5 to 40 times when spraying carbide or metallic-based powders. The ready-coated nozzles have O-rings that can tolerate greater temperatures over extended durations of service.
Based on product, the Pipe Coating market segmentation includes fusion bonded epoxy, metallic coatings, concrete coatings, and thermoplastic polymer coatings. The thermoplastic sector dominated the market for pipe coating market in 2022. The most used category of pipe coatings is thermoplastic polymer coatings, which consist of PE, PP, and PU coatings used in polyolefin coatings. As they have the additional advantage of thermoplastic polymer coatings and fusion-bonded epoxy coatings, 3LPE or 3LPP coatings are now favored on a wide scale. In the oil & gas industry, they are largely included.
Based on form, the Pipe Coating market segmentation includes liquid, and powder. The liquid segment is expected to grow at the highest CAGR during the forecast period. The government is enforcing stringent VOC regulations, increasing the need for advanced, eco-friendly goods such as liquid-based coatings to expand the process pipe coating industry. The government's growing emphasis on upgrading potable water facilities and sewer lines is another aspect that would positively affect the sector's development.
Based on surface type, the Pipe Coating market data includes external and internal. The outer segment dominated the pipe coating market. Due to prove beneficial in surface characteristics such as protection from heat, color, wear and tear, and increased resistance to electricity. Whereas internal corrosion is caused by chemical materials that are prevalent within the pipeline, which come in contact with pipe materials and corrode the pipe.
Figure1: Pipe Coating Market, By Surface Type, 2022& 2030(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on end use type, the pipe coating industry includes chemical processing marine, water & wastewater treatment, oil & gas industry, and others. Oil & gas Industry segments dominated the market. In the oil and gas field, pipes are needed for offshore and onshore petroleum production and refineries. In the petroleum field, upstream, midstream, and downstream pipes are needed. It then creates a greater demand for coatings for pipes. Epoxy pipe coating is used widely in the oil and gas industry, as it is resistant to high temperatures, contaminants, and corrosion. Harm occurs without pipeline corrosion safety, resulting in system breakdown and lack of production time.
In 2024 Sherwin-Williams Protective & Marine's new Pipeclad Frac-Shun ERC, available in 2024, creates a new coatings category by resisting erosion inside pipelines near fracturing wellheads, lowering downtime maintenance costs and increasing drilling productivity. This patent-pending erosion-resistant coating (ERC) technology protects pipe interiors from the grit's intrinsic sandblasting action as it moves swiftly through them. The applied powder coating lasts much longer than alternative solutions, preserving the steel pipes from severe metal loss, which would otherwise result in leaks and early pipe replacements in many operations.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North American pipe coating market, due to the easy access & abundance of shale gas and newly discovered reserves of oil, will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: PIPE COATING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's pipe coating market accounts for the second-largest market share due to the presence of the manufacturing sector. This leads to the requirement for process pipes, increasing demand for process pipe coatings. Further, the German pipe coating market held the largest market share, and the UK pipe coating market was the fastest-growing market in the European Region.
The Asia-Pacific pipe coating market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the increasing demand for pipeline infrastructure from the oil and gas, chemical, mining, water and wastewater, agriculture, and construction industries. Moreover, China’s pipe coating market held the largest market share. The Indian pipe coating market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the pipe coating to the market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Pipe Coating industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s uses in the pipe coating industry to benefit clients and increase the market sector. The pipe coating industry has offered the military some significant advantages recently. Major players in the pipe coating market, including Axalta Coating Systems Ltd., Akzo Nobel N. V, The Sherwin-Williams Company, ShawCor, PPG Industries Inc, and others, are attempting to increase market demand by investing in research and development operations.
Sherwin-Williams Company is an American Cleveland, Ohio–based Company in the paint and coating manufacturing industry. Henry Sherwin and Edward Williams founded the Company. The duo went on to shape an industry and create a legacy. With stores, distribution centers, and facilities spanning the globe, they can deliver the best paints, coatings, and related products to the world. The Sherwin-Williams Company announced that it had completed its acquisition of the European industrial coatings business of Sika AG. The acquired business will become part of Sherwin-Williams’ Performance Coatings Group operating segment.
Shawcor Ltd is a Canadian oilfield Services Company based in Toronto, Ontario, and listed on the Toronto Stock Exchange. It specializes in providing services to the pipeline sector of the oil and gas market. It is one of the largest pipe-coating providers in the world. In 2017, it had a revenue of $1.56 billion. Shawcor Ltd. began a new plant in Shanghai, China, to manufacture various organically modified specialty silicones. Products produced in batch processes are used in applications involving polyurethane, paints, and coatings and in several industrial applications.
Key Companies in the Pipe Coating market include
September 2019: Capital Paints LLC (UAE), which specializes in architectural powder coatings, was bought by Axalta Coating Systems Ltd. This purchase is intended to provide local consumers in the oil & gas and architectural sectors with improved support and technical resources while also allowing the Company to penetrate the Middle Eastern markets.
March 2019: At Powder Coating 2019, under the brand name PPG ENVIROCRON at the Renaissance Orlando at Seaworld in Florida, PPG Industries Inc. launched a new series of extreme safety edge coatings.
September 2017: Shawcor Ltd. began a new plant in Shanghai, China, to manufacture various organically modified specialty silicones. Products produced in batch processes are used in applications involving polyurethane, paints, and coatings and in several industrial applications.
In 2024 PPG Industries launched a new range of pipe coatings designed for enhanced corrosion resistance and durability.
In 2023 AkzoNobel introduced innovative pipe coating solutions with advanced protection and application features.
| Attribute/Metric | Details |
| Market Size 2023 | USD 9.3 billion |
| Market Size 2024 | USD 9.8 billion |
| Market Size 2032 | USD 14.5 billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, By Form, By Surface Type, By End Use, and by Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Axalta Coating Systems Ltd., Akzo Nobel N. V, The Sherwin-Williams Company, ShawCor, PPG Industries Inc. |
| Key Market Opportunities | Adoption of green coatings can offer lucrative opportunities |
| Key Market Dynamics | Increasing construction and infrastructural facilities to favor the market expansion |
Pipe Coatings Market Highlights:
Frequently Asked Questions (FAQ) :
The pipe coating market was valued at USD 9.3 Billion in 2023.
The pipe coating market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
North America had the largest share of the pipe coating market
The key players in the pipe coating market are Axalta Coating Systems Ltd., Akzo Nobel N. V, The Sherwin-Williams Company, and ShawCor, PPG Industries Inc.
The external pipe coating category dominated the market in 2023.
The Oil & Gas industry had the largest share of the pipe coating market
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