Over the past few years, there has been a tremendous upsurge in pipeline construction, especially in North America, in response to the rising shale oil and gas production. This has resulted in a large-scale switch from coal to gas power generation.
Pipeline coatings manufacturer has, in effect, increased manifold. However, the exponential growth is unlikely to sustain for long, owing to the dramatic collapse in oil and gas prices to below USD 40 a barrel.Around 59 oil and gas producers have filed for bankruptcy since January 2015, reducing the pipeline traffic and consequently pipeline operators revenues and growth prospects in areas of the US.
European countries, on the other hand, being scarce in energy reserves are expected to sustain 70% of their energy requirements from Russia, the Arctic, and neighboring areas of Asia and North Africa by 2030; this makes the region a potential market for manufacturers. Governments of the European nations have approved major pipeline projects, resulting in high demand for sophisticated steel-pipeline coatings and anti-corrosion coatings.
The European pipeline coatings market is largely dominated by independent manufacturers who specialize in coating solutions, especially layered polyolefin systems. Whereas, North America is the stronghold of fusion bonded epoxy coatings.
In Europe, manufacturers are progressively entering into partnerships to introduce new polymer based coatings like polyurethanes and polyamides.
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The infrastructure and construction industry has witnessed a tremendous growth, which has resulted in a greater demand for pipelines, especially in the thriving economies of Asia-Pacific. The increasing agricultural activities and alarming water crisis in India and China have elevated the need for water transport, thus boosting the pipeline industry.
The overall trend projects a moderate to high growth rate for pipe coatings in the residential, agricultural and industrial applications in these regions.
Oil & Gas is one of the major industries that is driving the growth of the pipeline coatings market. However, it is expected to witness a stiff competition for the environmental-friendly and sustainable alternatives.
Additionally, the oil & gas industry is also facing opposition form the consumers, environmentalists, agricultural land owners, and environmental organizations; they are focusing on adoption of renewable energy resources for the generation of electricity, which is expected to hinder the growth of the oil & gas industry. Consequently, these factors are expected to restrict the growth of the global pipe coatings market.
As per the analysis of these drivers, restraints and other market trends, our report concludes that there would be an XX% rise in the overall demand for pipe coatings market. However, these growth rates are distributed unevenly across the countries, as well as the types of coating material.
Some of the major players across the world have been researched in the report. These players include -
Aegion Coating Services
Bayou Coating LLC
E.I. Dupont De Nemours & Co.
DOW Chemical Company
Key Deliverables in the Study
Market analysis for the pipe coatings market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the pipe coatings market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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