Global Pipe Coatings Market Research Report— Information by Form (Water and Powder), by Type (Polyethylene, Polypropylene, Epoxy, Polyurethane and Others), by End User (Oil & Gas, Chemicals and Water Treatment) and by Region- Forecast till 2023

Pune, India -- (SBWire) -- 03/16/2018 --Segmentation

The Global Pipe Coatings Market is segmented on the basis of type, application, and region. Based on type, the market is categorized into oil soluble and water soluble. Based on application, the Pipe Coatings Market is classified into crude oil, sludge oil treatment, oil based power plants, petro refineries, lubricant manufacturing, and others. Based on region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players

Some of the key industry participants operating in the Global Pipe Coatings Market are BASF SE (Germany), Ecolab (U.S.), The Dow Chemical Company (U.S.), Akzo Nobel N.V. (the Netherlands), Clariant (Switzerland), Baker Hughes Incorporated (U.S.), Schlumberger Limited (U.S.), Halliburton (U.S.), Croda International Plc (U.K), Momentive (U.S.), and others.

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The Global Pipe Coatings Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among them, North America accounts for around 28% market share as of 2016 and is predicted to grow with the healthy CAGR over the assessment period. The Middle Eastern & African market is categorized into Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. The aforementioned countries are predicted to drive the demand for Pipe Coatings in the upcoming years due to presence of matured oil reserves, resulting in the higher consumption of pipe coatings. Moreover, the rising demand for energy and increasing crude oil production in the Middle East & African countries is predicted to fuel the growth of the market. In North America, the pipe coatings market is predicted to grow with the highest CAGR during the assessment period, 2017 to 2023. Crude oil is the main area for Pipe Coatings consumption in the region, as majority of crude oil produced in North America is from oil sands, offshore oilfields, shale formations & tight oil. Relatively, crude oil production from oil sands and offshore oilfield results in increased consumption of pipe coatings, which in turn lead to high demand for Pipe Coatings in this region.

Manufacturers are shifting their focus in the developing and producing more environmental friendly Pipe Coatings products which contain less harmful chemicals. Rising demand for green Pipe Coatings along with technological advancement is predicted to fuel the market growth over the forecast period. The European Pipe Coatings Market is classified into Russia, Germany, U.K, Spain, Italy, and France. Comparatively Russia and Germany are expected to be the dominant region on account of increasing oil & gas exploration activities coupled with increasing innovation. In Latin America, countries such as Brazil and Mexico is expected to witness significant market growth on account of increasing crude oil production combined with expansion of petroleum refining units. Asia Pacific is predicted to be the healthy growing market due to emerging crude oil processing as well as proliferation of petroleum refineries in India and China. Moreover, rising number of water treatment plants is expected to drive the demand for pipe coatings in this region.

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