Recently published steel pipe coatings business analysis by Fact.MR showcases the image of strong market growth of solvent-based pipe coatings on the back of rapid developments in pipe coatings. The global steel pipe coatings business was pegged at over US$ 7.8 Bn in 2020, with consumption at 3.6 Bn litres.
The global market is expected to be valued over US$ 8.1 Bn by 2021-end. Price growth of fusion bonded epoxy coating material has played a significant role in terms of increase in total market value.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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Key Takeaways from Market Study
- Oil & gas end use is expected to register a CAGR of 4.6% over the forecast period, to be valued at US$ 4.5 Bn by 2031-end.
- Water transportation is estimated to account for 24.8% market value share by 203- end, and is expected to gain 48 BPS in its market share.
- Automotive end use is estimated to account for 14.4% market value share by 2031-end, but is expected to lose 31 BPS in its market share.
- Marine end use is projected to grow 1.6X in value, while automotive end use is projected to grow 1.5X in value by 2031.
Market Segments Covered in Steel Pipe Coatings Industry Research
- By Pipe Diameter
- DN 350 – DN 600 Steel Pipes
- DN 700 – DN 1000 Steel Pipes
- DN 1200 – DN 2000 Steel Pipes
- DN 2000 – DN3000 Steel Pipes
- DN 3000 & Above Steel Pipes
- By Solution
- Solvent-free Steel Pipe Coatings
- Solvent-based Steel Pipe Coatings
- By Coating Material
- Fusion Bonded Epoxies
- Fluoropolymer Steel Pipe Coatings
- Polyolefin Steel Pipe Coatings
- Polyethylene
- Polypropylene
- 2LPP
- 3LPP
- Coal Tar Epoxies
- Epoxy Coated Steel Pipes
- High Performance Powder Steel Pipe Coatings
- Flow Efficiency Steel Pipe Coatings
- Liquid Epoxy Steel Pipe Coatings
- Others
- By Application Area
- Internal Steel Pipe Coatings
- External Steel Pipe Coatings
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By End-use Industry
- Steel Pipe Coatings for Oil & Gas Industry
- On Shore
- Off Shore
- Steel Pipe Coatings for Aerospace Industry
- Steel Pipe Coatings for Automotive Industry
- Steel Pipe Coatings for Marine Industry
- Steel Pipe Coatings for Water Transportation Industry
- Fresh Water
- Brine
- Others
- Steel Pipe Coatings for Oil & Gas Industry
Key Points Covered in Steel Pipe Coatings Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Assessment by Product Grade / Purity / Formulation Standards
- Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
- Certifications and Compliance Requirements
- Analysis of Supply Contracts, Avg. Consumption, Potential for Direct & Indirect Sales
- COVID-19 Impact on Sales of Steel Pipe Coatings and How to Navigate
- Recommendation on Key Winning Strategies