Pipe Coating Market Research Report- Forecast to 2030

Pipe Coating Market Research Report Information By Product (Fusion Bonded Epoxy, Metallic Coatings, Concrete Coatings, Thermoplastic Polymer Coatings), By Form (Liquid, Powder) By Surface Type (External, Internal), By End-use (Chemical Processing Marine, Water & Water Treatment, Oil & Gas Industry, Others)–Market Forecast Till 2030

ID: MRFR/CnM/3546-CR | 141 Pages | Author: Priya Nagrale | July 2018         

Pipe Coatings Market Speak to Analyst Request a Free Sample

Global Pipe Coating Market Overview


Pipe Coating Market Size was valued at USD 8.9 billion in 2022. The Pipe Coating industry is projected to grow from USD 9.3361 Billion in 2023 to USD 12.4399 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2030), Growing infrastructure and industrialization and rise in irrigation and agricultural activities are the key market driver enhancing market growth.


Global Pipe Coating Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Pipe Coating Market Trends




  • Rise in Oil and Gas Segment is driving market growth




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.


Pipe Coating Market Segment Insights


Pipe Coating Product Insights


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.


Pipe Coating Form Insights


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.


Pipe Coating Surface Type Insights


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)


Pipe Coating Market, By Surface Type, 2022& 2030(USD billion)


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Pipe Coating End-Use Insights


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.


Pipe Coating Regional Insights


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 (%)


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.


Pipe Coating Key Market Players & Competitive Insights


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



Pipe Coating Industry Developments


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.


Pipe Coating Market Segmentation


Pipe Coating Product Outlook



  • Fusion Bonded Epoxy

  • Metallic Coatings

  • Concrete Coatings

  • Thermoplastic Polymer Coatings


Pipe Coating Form Outlook



  • Liquid

  • Powder


Pipe Coating Surface Type Outlook



  • External

  • Internal


Pipe Coating Vehicle End-Use Outlook



  • Chemical Processing Marine

  • Water & Water Treatment

  • Oil & Gas Industry

  • Others


Pipe Coating Regional Outlook




  • North America

    • US

    • Canada




  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size2022 USD 8.9 billion
Market Size 2023 USD 9.3361 billion
Market Size 2030 USD 12.43994 billion
Compound Annual Growth Rate (CAGR) 4.90% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
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




Frequently Asked Questions (FAQ) :

The pipe coating market was valued at USD 8.9 Billion in 2022.

The pipe coating market is projected to grow at a CAGR of 4.90% during the forecast period, 2023-2030.

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 2022.

The Oil & Gas industry had the largest share of the pipe coating market

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid