The global oil & gas pipeline coatings market is poised for significant growth from 2022 to 2029, with revenues projected to reach US$ 6,958.0 million by the end of this period. This expansion is driven by a combination of factors, including the increasing offshore exploration and production activities, stabilization of crude oil prices, a surge in cross-country pipeline projects, and the rehabilitation of existing pipelines. These trends collectively contribute to a rising demand for oil & gas pipeline coatings in the industry.
The oil & gas pipeline coatings market plays an essential role in preserving the integrity of the extensive pipeline infrastructure that supports the global energy industry. With increasing regulations and environmental concerns, pipeline coatings are more critical than ever. As technology advances and the industry adapts to evolving needs, the market for these coatings is expected to continue its growth trajectory, ensuring the reliability and safety of energy transportation networks.
Elevate Your Market Presence and Request a Sample Report to Gain Advantage! https://www.futuremarketinsights.com/reports/sample/rep-gb-10694
Oil & gas Pipeline Coatings Market Key Takeaways
- Fusion-bonded epoxy (FBE) coatings, attributed to their low coefficient of friction and low permeability, create a tight barrier that prevents the permeation of cold and hot liquids. This property would continue to position them as a preferred choice for oil & gas pipeline coatings.
- The Asia Pacific region, which has more than 10,000 miles of pipeline under construction and over 9,750 miles of planned pipeline projects, is likely to reflect robust growth opportunities facing players operating in the oil & gas pipeline coatings market.
- With crude oil prices recovering, investments in the oil & gas industry are projected to rise by 6% between 2017 and 2025. These will fuel exploration & production activities around the world, propelling oil & gas pipeline coatings demand.
- In the upstream segment, although the onshore sector constitutes most of the market share, the offshore sector, driven by increasing investments, is estimated to witness robust growth in the oil & gas pipeline coatings market.
- Stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil & gas pipeline coatings, which are prone to VOC emissions during the drying process.
Pipe laying in deep waters or high operating temperatures, and increasing corrosive properties of flow materials have been driving advancements in pipeline coatings. These advances such as thermal insulation will bring forth a range of new technological frontiers in the pipeline coatings space in the near future.
Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/10694
Market Landscape Moving Towards Consolidation
The oil & gas pipeline coatings market is technology-driven and remains dominated by a handful of players that possess extensive R&D capabilities.
Leading players operating in the global oil & gas pipeline coatings market
- BASF SE
- LyondellBasell Industries N.V.
- 3M
- Sherwin-Williams Company
- PPG Industries, Inc.
- Koninklijke DSM N.V.
- Akzo Nobel N.V.
- Arkema S.A.
- RPM International Inc.
- Axalta Coating Systems
- Shawcor
- Wah Seong Corporation Berhad
- Chase Corporation
- The Jotun Group
Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-10694
Oil & Gas Pipeline Coatings Markey Segmentation
By Coating Type:
- Fusion Bonded Epoxy
- Polyurethane
- Coal Tar Enamel
- Concrete
- Polyolefin
- Others
By Formulation Base:
- Water Based
- Solvent Based
- Powder Based
By Application:
- Upstream
- Onshore
- Offshore
- Midstream
- Downstream
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube