Materials & Chemicals Market Research News

Top trends in pipe coating market - the investment to cross US$ 14.42 billion by 2021 published by leading research firm

Materials & Chemicals Research

The worldwide pipe coatings advertise estimate, as far as esteem, is anticipated to achieve $ 14.42 Billion by 2021, at a CAGR of 4.7% from 2016 to 2021. The popularity is credited to the developing pipeline industry internationally.

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Likewise the request is driven by the developing mechanical progressions in the pipeline coatings market. The pipe covering business sector is driven significantly by the modern portion of the end client industry.

The requirement for higher time span of usability, smooth transportation of oils and acids drives the pipe covering market.

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Additionally, scraped spot resistance overlay (ARO) is a pioneer in the pipe covering arrangements. Additionally, s provincial strict government controls for nature and wellbeing security (EHS), helps in the development of pipe covering market.

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5 Pipe Coatings Market Attractiveness

Chemical processing is projected to be the fastest-growing end-use industry incorporating pipe coatings. Due to the increasing demand in the chemical industry, the demand for pipe coatings in this end-use industry is expected to grow.

Also the market for chemical processing is growing due to the easy availability of shale gas.

Browse complete report on 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 with 183 pages, at www.rnrmarketresearch.com/contacts…ount?rname=510467 .

This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into three categories: by company; by designation; and by region.

  • By Company Type: Tier 1 – 42%, Tier 2 – 25%, and Tier 3 – 33%
  • By Designation: Sales Executives – 33%, Managers – 42%, and Researchers & Consultants – 25%,
  • By Region: Asia-Pacific – 58%, Middle-East & Africa – 8%, Europe – 17%, North America – 17%

South America is estimated to be the fastest growing market for pipe coatings during the forecast period, 2016-2021. This is majorly due to the increasing demand for oil & gas in the region.

The demand has promoted E&P activities for onshore and offshore reserves, which is facilitating the demand for pipelines and hence driving the pipe coatings market.

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