Market Research Blog

The global chromium salts market is anticipated to showcase a positive outlook of the market over the assessment period from 2022 to 2032 by registering a CAGR of 4.9%. The global market was predicted to secure US$ 4,427.28 Million in 2022 and is likely to amass revenue worth US$ 7,143.2 Million by 2032. Furthermore, the growth of the global chromium salts market can be attributed to the fast expansion of the dye and pigment market.

Rapid industrialization and fast dye and pigment market expansion are expected to augment over the assessment period. Increased industrialization in developing countries like India, China, Japan, and Brazil is projected to play an important role in strengthening the chromium salts market. The inorganic salts of chromium always occur as a crystalline powder or as flakes, which are soluble in water. The salts of chromium are of various colors of the rainbow of which yellow dominates. The melting points of these salts vary to some extent and are usually between 180 and 2500°C. In addition, their solubility in water varies to some extent.

Chromium nitrate is one of the most commonly found chromium salt used as a corrosion inhibitor in chromium-containing catalysts, ceramic glazes, glassware, garment dyeing, and printmaking. Chromium chloride is a popular chromium salt that is used for electroplating and as a mordant. It can also be used as a disintegration reagent since it can absorb oxygen. In addition to that, the conventional method of producing chromium comprises citrus and lime-free roasting techniques. These methods have a major flaw since it results in ecological harm and poor resource use. This condition reduces the atmospheric rate of mass transfer in the process, leading to a poor chromium extraction rate.

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Key Takeaways

• The surging application of inorganic compounds as a catalyst for the production of several medicines is anticipated to augment the market size during the forecast period. In addition to that, the advent of various oncological and autoimmune disorders is increasing the demand for drugs and medicine, thus, positively influencing the market. It helps to keep blood sugar levels normal by improving the way body uses insulin. It is also used to cure high cholesterol, diabetes, bipolar disorder, and many other ailments.
• Several other factors significantly contribute to the market growth comprising the surging demand for products for metal treatment, leather treatment, and water treatment. Further, its application in electroplating, tanning, printing, dyeing, and oxidants will widen the market size in the forthcoming time.

Competitive Landscape

Key players in the global chromium salts market are focusing on mergers and acquisitions over the forecast period. Increasing acquisitions among top players in the market are expected to benefit the global market across the assessment period. Various prominent companies are engaging in the production of chrome tanning agents used in leather tanning & processing and the production of chromium salts. The acquisition would provide a steady supply of raw materials at a low cost.

Key Companies Profiled

• MerckMillipore
• Sigma Aldrich
• Otsuka Chemical Co Ltd
• Loba Chemie
• Thermo Fisher Scientific
• Lenntech
• Arkema SA
• Bann Química
• Behn Meyer
• Chemtura Corporatio

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More Insights into the Chromium Salts Market

The North American region is anticipated to dominate the global chromium salts market over the assessment period. Studies reveal that the North American region secured around 25.8% of the global revenue in 2022.

The growth of the region is attributed to the increasing application of chromium salt for commercial use. Chromium is a vital element for the formulation or manufacturing of stainless steel grade for commercial application and is mostly used as an additive to strengthen steel and boost corrosion protection.

The European region is set to bode well for the global market, being the second-largest market for chromium salts. In 2022, the region is likely to claim 22.4% of the global revenue. Additionally, the growth of the regional market can be attributed to the increasing demand for pharmaceutical drugs from the healthcare sector. Also, growing industrialization in the region is another salient cause driving the market in the region during the assessment period.

As per the analysis, the APAC region is expected to be one of the fastest-growing regions during the forecast period. This can be attributed to the rapid industrialization in the region along with the presence of developing countries such as India, Japan, China, and others.

According to the studies by International Stainless Steel Forum (ISSF), the total production of stainless steel in India stood at 3.3 million tons at the end of 2016. Moreover, the overall production reached up to 3.6 million tons by the end of 2017. Such factors are expected to make a significant contribution to developing the market during the forecast period.

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The market for phosphate fertilizers is anticipated to expand at a CAGR of 5.5% and reach a value of USD 105.27 billion by 2032, up from its current revenue of USD 65.02 billion.

The ripening of seeds and fruit is aided by phosphate fertilizer, which also promotes the growth and development of the entire plant.Factors like the switch from conventional to intelligent fertilizers are blamed for the demand for phosphate fertilizer.

Sales of phosphate fertilizer in new markets are being driven by growing agricultural producers that are used as fertilizers all over the world, along with their use on different grains to boost quality and growth while encouraging root growth.

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Other factors that trigger the sales of phosphate fertilizer are rising with the farming and irrigation technologies getting advanced with the latest farming trends. This advanced approach is there because of the decline in global crop production due to the changing climate and poor soil quality., pushing the sales of phosphate fertilizer.

Key Takeaways from Market Study

• According to the phosphate fertilizer market analysis for the years 2022 to 2032, monoammonium phosphate is dominating the product segment and holds more than 31.0% of the share, attributing to the low costs of MAP and the high level of phosphorus content in it, flourishing the demand for phosphate fertilizers.
• The cereal & grains segment holds 46% of the global revenue in the phosphate fertilizer market, owing to the growth of population demanding more and more crop production for cereal & grains, thriving the sales of phosphate fertilizer.
• Asia Pacific region holds the biggest share in phosphate fertilizer market, holding the more than 61% share of the global market, attributing to the agarin countries like India and China coupled with government investments into agricultural research and development, expanding the phosphate fertilizer market size globally.

“Phosphate fertilizer market report suggests that the global market is taking a turn as new organic movements are pushing the farmers and agricultural industry to opt for organic methods including organic fertilizers or methods. Agricultural strategy has been including organic content more than ever” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of phosphate fertilizers are emphasizing research & development to offer better, effecting and more organic content holding product. Key players are working together and developing new product lines to enter unapproached market places. New market players also expand the research and development chains to make the product more effective and soil friendly, fueling the demand for phosphate fertilizers.

• Agrium and PotashCorp came together to combine their talent and best practices to build a new company Nutrien Ltd. that is stronger and better equipped to create value for all their stakeholders, fuelling the sales of phosphate fertilizers.
• Proagro Group of Companies are expanding the production of its feed phosphates and fertilizers by forecast rate of 25%, accounting for 11.7 million tonnes of the product by 2025.
• Recently, The OCP Group introduced the plans to develop green ammonia as sustainable raw material for use in fertilizers production, pushing the demand or phosphate fertilizers.

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Global Phosphate fertilizer Market Key Players

• Eurochem Group AG
• Israel Chemicals Ltd.
• Coromandel International Ltd.
• The Mosaic Co.
• S.A OCP
• PJSC PhosAgro.
• Agrium Inc.
• Potash Corp. of Saskatchewan Inc.
• Yara International ASA
• CF Industries Holdings Inc.

Phosphate Fertilizer Market by Segmentation

By Product:

• Monoammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Single Superphosphate (SSP)
• Triple Superphosphate (TSP)

By Application:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The market for elastomeric coatings is anticipated to reach a value of US$ 6,810.5 Mn in 2022 and grow profitably between 2022 and 2029 at a CAGR of more than 7%.

A variety of end-use industries, including building & construction, roof, wall, floor, bridges, industrial, automotive & transportation, and others, are expected to see an increase in demand for elastomeric coatings in the coming years. These industries include acrylic, polyurethane, epoxy, silicone, polyurea, and others. As a result, FMI projects that by the end of 2029, elastomeric coating sales would reach US$ 11,360.5 Mn globally.

Elastomeric coatings are a well-liked and cutting-edge option on the market because to rising demand for advanced and eco-friendly coatings and expanding building and construction activities. Elastomeric coatings are becoming more widely used thanks to ongoing research and development. Additionally, the product’s strong water resistance characteristic effectively prevents moisture from penetrating the walls in the building sector. The market for elastomeric coatings is predicted to rise as a result of the expanding construction sector.

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Key Takeaways of Elastomeric Coatings Market Study

• By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
• In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
• The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
• Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc.,  among others. Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

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Elastomeric Coatings Market Taxonomy

The global elastomeric coatings market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Type

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Polyurea
• Others

By Application

• Building & Construction
• Industrial
• Automotive & Transportation
• Others

By Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research. The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global automotive appearance chemicals market is projected to have a high-paced CAGR of 4.9% during the forecast period. The current automotive appearance chemicals market valuation is US$ 30.7 Bn in 2023. The value of the automotive appearance chemicals market is anticipated to reach a high of US$ 49.4 Bn by 2033.

Increased ownership of both conventional and electric vehicles, which encourages consumers to invest in better protection measures to lengthen vehicle lifespan and results in higher spending, is a key factor driving the sales of automotive appearance chemicals. Many sorts of products manufactured by key industry players are beneficial to various end-use industries. This, in turn, has aided in increasing product demand in recent years. The consumer base is growing as a result of the growing vehicle industry. These aesthetic compounds are essential automotive appearance care chemicals.

The products assist in improving the gloss and luster of automobiles while also increasing their longevity. They also safeguard and maintain aesthetic attractiveness. As a result, demand for automotive appearance chemicals is likely to rise throughout the projection period.

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The global automobile sector is seeing tremendous growth as urbanization spreads. According to LMC Automotive forecasts, overall sales are likely to exceed 100 Mn vehicles by 2032, with SUVs accounting for 46 Mn units (40%). As a result, demand for automotive detailing products such as paints, varnishes, polishes, and waxes is expected to rise.

As the global ownership of electric vehicles grows, so are maintenance services to extend their lifespan. While the shift away from standard ICE vehicles to EVs is usually regarded as a positive development, it is causing significant disruption in the auto appearance chemicals and repair industry.

The Toxic Substances Control Act (TSCA), Control of Substances Hazardous to Health Requirements (COSHH), and the European Union require automotive appearance chemical makers to closely follow the regulations related to the storage and usage of the goods (EU).

These laws strictly enforce safety standards for the storage and use of goods and related raw materials. For a long time, a huge number of research agencies have been investing in R&D in the subject. The study has aided in the discovery of numerous uses for the items, hence broadening their reach. Technological advancements have resulted in the usage of the technology in several waxes for specialized uses, such as adding shine and protecting car surfaces from scratches and swirls. These factors are projected to drive product demand throughout the forecast period.

However, with the advancement of technology, vehicles were becoming more fitted with sensors, resulting in better driving behavior and reduced wear and tear on brakes and other vehicle components. This issue impedes component replacement and the expansion of the automobile aftermarket appearance chemicals.

Key Takeaways:

• During the forecast period, China is expected to account for a significant share of the global automotive appearance chemicals market. This is attributed to several joint ventures comprising mainly state-owned Chinese organizations and brands from various places that have accelerated the expansion of industrial capacity.
• The automotive appearance chemicals market in Europe is predicted to hold a major share, particularly in the U.K., during the projected period. This is owing to automotive appearance chemicals becoming increasingly popular as a result of the large-scale manufacture of luxury and other passenger cars in the region.
• Owing to the high ranking in terms of both frequencies of usage and volume consumed, the “windshield washer fluids” product type is expected to hold the greatest revenue through the forecast period.
• As private automobiles must be washed, waxed, and polished on a regular basis, the “passenger vehicles” vehicle type accounts for a significant share and is the most lucrative area for key players.

Competitive Landscape:

Owing to technical advances and innovation, the automotive appearance chemicals market size is undergoing a transformative moment. Customers are anticipated to be enticed by the ingenuity that goes into the construction of smart home appliances, bringing up considerable chances for large suppliers to capitalize on such rising trends and create new product lines.

Key Players:

• PPG Industries
• 3M Company
• BASF SE
• Energizer Holdings Inc.
• Kao Corporation
• Jax Wax Inc.
• Malco Products Inc.
• Koch-Chemie GmbH
• Koster Keunen Inc.
• The Darent Wax Company Ltd.
• Northern Labs Inc.
• CRC Industries
• Turtle Wax Inc.
• DuPont de Nemours Inc.

Recent Developments:

• Protect All Inc., a leading laminating solutions provider, provides the Biolam® antimicrobial technology-based film, which is used in a variety of applications ranging from packaged products and menus to high-grade automobile protection films.
• In September 2020, Permatex Inc. released a new line of sophisticated epoxy adhesives. No drop gels, ready-to-use indications, high heat, a variety of color options, and substrate-specific formulas are among the innovations.

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Key Segments Profiled in the Automotive Appearance Chemicals Market Survey

By Product Type:

• Polishes
• Windshield Washer Fluids
• Soaps
• Coatings
• Car Wax

By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

By Sales Channel:

• Aftermarket
• Original Equipment Manufacturers (OEMs)

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

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The global n-propyl acetate market is anticipated to reach a value of US$ 706.3 Mn by the end of 2032, as per Future Market Insights (FMI). Demand in the market is predicted to rise at a CAGR of 5.4% owing to consistent growth among diverse industries such as printing, pharmaceutical, and food & beverages. Owing to the characteristic fits of n-propyl acetate as a solvent or chemical intermediate in different processes is bolstering the sales.

Prominent players are investing in emerging countries from Latin America and South Asia to get an efficient and rapid supply chain advantage over their competitors. Several players are also focusing to develop long-term relationships with their customers for an uninterrupted supply of n-propyl acetate. Meanwhile, other suppliers are focusing on collaborating with e-commerce giants to increase the sales and expand their customer base.

Further, as n-propyl acetate has pleasant odour, it can be used in perfumes and food industry. Also, rising application in printing ink and pharmaceutical industry will improve the sales in the market. On the back of this, the demand in the market is predicted to reach US$ 418.6 Mn by the end of 2022.

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“Growing consumption of n-propyl acetate coupled with its increasing adoption as a potential replacement for ethyl acetate in different industries such as pharmaceutical and food is expected to bolster the demand during the projected period,” says an FMI analyst.

Key Takeaways:

• The global market of n-propyl acetate is projected to witness a CAGR of magnitude 4% during the period of 2022 and 2032.
• Significant development in the end-use industries – chemical, pharmaceuticals, paints & coatings, and food & beverages in the Asia-Pacific region is anticipated to remain one of the prominent markets for n-propyl acetate in the forecast period.
• By Grade type, pharmaceutical/food grade (>99%) is expected to account for the largest share, about 75% of the overall market size.
• By Application, the consumption of n-propyl acetate as a solvent is expected to grow at a CAGR of 3% over the forecast period.
• By End-Use, the printing ink industry is expected to remain a key consumer of n-propyl acetate, the segment is further anticipated to witness a consumption rate of about 1% n-propyl acetate in terms of value.

Competitive Landscape

The market of n-propyl acetate is estimated to be a consolidated market, where key players are expected to account for more than 46% share of the market. OQ Chemicals GmbH, Solvay, BASF SE, Sasol, DOW chemicals, Eastman Chemical company, SHOWA DENKO K.K., Jiangsu Baichuan High-tech New Materials Co., Ltd., shiny chemical Industries Co. Ltd, Solventis, and many others are the some of the manufacturers of n-propyl acetate profiled in the full version of the report.

Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further top players are also investing significantly in acquisitions of regional players to reduce competition and gain capacity advantage.

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More Insights into the N-propyl acetate Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global n-propyl acetate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-use industries, and region.

N-propyl acetate Market Segmentation

By Grade:

• Industrial/Technical Grade (<99%)
• Pharmaceutical/Food Grade (>99%)

By Application:

• Solvent
• Flavouring Agent
• Others

By End-Use Industry:

• Chemical
• Pharmaceutical
• Paint & Coatings
• Printing Ink
• Food & Beverages
• Agrochemical

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
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The global market value of synthetic quartz is nearly US$ 98 Mn, and the electronics industry accounts for more than 3/4^th of total sales. As suggested by a new Future Market Insights (FMI) study, the global synthetic quartz market is set for notable growth during 2022 – 2029.

The electronics industry solely relies on components such as semiconductors, optical fibers, and solar cells. These electronic components utilize synthetic quartz crystal due to its important intrinsic properties. Technological developments are driving the need for high-performance electronic equipment, and have subsequently propelled the sales of synthetic quartz.

Synthetic quartz is a man-made version of the naturally occurring mineral, quartz. It is produced by growing quartz crystals in a laboratory setting using advanced technology and techniques. This process involves combining silicon dioxide (SiO2) with other chemicals to form a molten mixture, which is then cooled down to form a solid crystal. The resulting synthetic quartz crystal has the same chemical and physical properties as natural quartz.

One of the advantages of synthetic quartz over natural quartz is that it can be produced in larger quantities and with greater consistency, ensuring a reliable and predictable supply for manufacturers. Additionally, synthetic quartz is often less expensive than natural quartz due to the reduced costs associated with production and mining.

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Key Takeaways – Synthetic Quartz Market Report

• Synthetic quartz crystal is expected to grow at a higher rate, increasing its market share on account of growing use in end-use industries during the forecast period.
• The semiconductor industry places the most stringent requirements on quartz purity, creating positive impact on demand for synthetic quartz.
• East Asia holds a prominent share of the synthetic quartz market due to presence of strong electronics and automotive sectors in countries such as China, South Korea, and Japan. China is one of a major producers and exporters of electronics. Moreover, it has good production to sales ratio (appx. 98%) for electronics. South Korea has a significant share in the global automotive sector.
• Synthetic quartz and competitive products are gaining more attention from EUV lithography market players.
• Developing countries have witnessed growth in per capita income, especially in rural areas. Ease of buying electronic appliances has driven the growth of synthetic quartz components in developing countries.

Rising adoption of new technologies in electronics & communication and rapid evolution of automotive industry is expected to fuel the growth of global synthetic quartz market.

Market Landscape Moving towards Consolidation

The synthetic quartz market is highly technology-driven and is dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the global synthetic quartz market, Kyocera, Murata Manufacturing, Hereaus (Shin-Etsu), Asahi Glass Company, and others are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

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Synthetic Quartz Market Taxonomy

By Product

• Synthetic Quartz Crystal
• Synthetic Quartz Glass

By End-Use

• Electrical & Electronics
• Automotive
• Medical
• Military
• Construction
• Others

By Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
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The global market for oil & gas pipeline coatings is anticipated to benefit from the oil and gas industry’s recovery in the next years. As a result, over the forecast period of 2022 to 2029, the oil & gas pipeline coatings market is anticipated to expand in value at a 5.6% CAGR.

Witnessing robust expansion over 2022 – 2029, the global market for oil & gas pipeline coatings will reach the revenues worth US$ 6,958.0 Mn towards 2029 end. Growing offshore exploration and production activities, stabilizing crude oil prices, rise in cross-country pipeline projects and rehabilitation of existing pipelines are some of the key factors that would majorly account for increasing demand for oil & gas pipeline coatings in the market.

Oil and gas pipelines are critical infrastructure components used for the transportation of natural gas and oil products over long distances. These pipelines are exposed to a range of environmental conditions that can cause damage and corrosion, leading to leaks and other safety hazards. To prevent these issues, coatings are applied to the pipelines to provide protection against corrosion, erosion, and other environmental factors.

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Oil & gas Pipeline Coatings Market​ Key Takeaways

• Fusion bonded epoxy (FBE) coatings, attributing to their low coefficient of friction and low permeability, create a tight barrier that prevents 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 further 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 onshore sector constitutes most of the market share, 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.

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, Akzo Nobel N.V., PPG INDUSTRIES, Sherwin-Williams Company, Axalta Coating Systems, RPM International Inc., and BASF SE, are focusing on acquisitions of smaller and technology-driven paint & coating manufacturers to build on their product expertise and enhance market positioning.

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What Does Future Hold?

Crude oil prices are extremely volatile in nature, affected by growing U.S. oil & gas production, OPEC production cuts, and oversupply of crude oil. Considering the number of pipeline projects in the construction phase and older, existing pipelines in need of reconditioning, the oil & gas pipeline coatings market is projected to witness robust growth during the forecast period.

Interested in Detailed Actionable Insights?

Future Market Insights has published a market research report on the oil & gas pipeline coatings market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the oil & gas pipeline coatings market through four different segments, namely coating type, formulation base, application, and region. The oil & gas pipeline coatings market report also provides demand trends of different coating types across three industry verticals, a comprehensive list of service providers in the market, various pipeline coating projects around the world along with a detailed overview of the parent market.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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