Market Overview:
The global pipe-tank coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for pipe-tank coatings from various end-use industries, such as oil & gas, chemical processing, industrial and municipal water supply. In terms of type, the powder segment is expected to lead the global pipe-tank coatings market during the forecast period. This can be attributed to its properties such as high resistance against abrasion and corrosion.
Product Definition:
A pipe-tank coating is a type of protective coating that is applied to the inside and outside of pipes and tanks. Pipe-tank coatings are used to protect the pipes and tanks from corrosion, abrasion, and other types of damage.
Powder:
Powder coating is a method of layering or coating where the material to be coated is placed on a metal or plastic surface and then compressed air is used for atomization. The material then falls on the surface and forms an even layer with no need for tools.
Liquid:
Liquid is a transparent, odorless and colorless liquid that is extensively used in pipe-tank coatings. It has viscosity similar to water and it flows easily at room temperature. The major raw materials for manufacturing liquid include ethylene, propylene, styrene acrylonitrile and butadiene. Liquid coating is applied on the interior as well as exterior surfaces of pipes using spray guns or rollers.
Application Insights:
The oil & gas application segment accounted for the largest volume share of over 30% in 2017. The growth is attributed to the rising demand for pipe-tank coatings from various industries, including upstream and midstream, refining and petrochemicals. In addition, favorable government policies regarding increasing investments in developing new sources of energy are expected to drive product demand over the forecast period.
Pipe-tank coating is used in oil & gas industry for corrosion prevention by providing a protective layer on interior as well as exterior surfaces of pipes and tanks. It also improves overall performance characteristics such as strength, fatigue resistance, weldability etc., which further boosts its consumption rate among other applications globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.1% in 2017, which can be attributed to rapid industrialization and increasing foreign investments coupled with rising government spending on infrastructure development projects. In addition, growing oil & gas exploration activities are anticipated to drive product demand over the forecast period.
The presence of major petrochemical companies such as BASF SE; Bayer AG; Sinopec Group; PTT Public Company Limited (Petroleum Technology) have their operational facilities based in China has led Asia Pacific being one of the largest consumers for pipe-tank coatings globally.
Growth Factors:
- Increasing demand for pipe-tank coatings from the oil and gas industry as a result of the growth in exploration and production activities
- Rising demand for corrosion protection of pipelines, tanks, and other storage vessels from various end-use industries
- Growing awareness about the benefits of pipe-tank coatings among end users
- Technological advancements in pipe-tank coatings that improve performance and durability
- Stringent environmental regulations mandating use of corrosion resistant coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Pipe-Tank Coatings Market Research Report
By Type
Powder, Liquid
By Application
Oil & Gas, Chemical Processing, Industrial, Municipal Water Supply
By Companies
BASF, PPG Industries, AkzoNobel, Axalta Coatings Systems, Covestro AG, Cabot Corporation, 3M, Jotun, Dupont, Kansai Paint, Mascoat, Nippon Paint, The Sherwin-Williams Company, Carboline Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Pipe-Tank Coatings Market Report Segments:
The global Pipe-Tank Coatings market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Processing, Industrial, Municipal Water Supply
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- PPG Industries
- AkzoNobel
- Axalta Coatings Systems
- Covestro AG
- Cabot Corporation
- 3M
- Jotun
- Dupont
- Kansai Paint
- Mascoat
- Nippon Paint
- The Sherwin-Williams Company
- Carboline Company
Highlights of The Pipe-Tank Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Oil & Gas
- Chemical Processing
- Industrial
- Municipal Water Supply
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pipe-Tank Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pipe-tank coatings are a type of coating that is applied to the inside of pipes in order to protect them from corrosion.
Some of the major players in the pipe-tank coatings market are BASF, PPG Industries, AkzoNobel, Axalta Coatings Systems, Covestro AG, Cabot Corporation, 3M, Jotun, Dupont, Kansai Paint, Mascoat, Nippon Paint, The Sherwin-Williams Company, Carboline Company.
The pipe-tank coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pipe-Tank Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pipe-Tank Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pipe-Tank Coatings Market - Supply Chain
4.5. Global Pipe-Tank Coatings Market Forecast
4.5.1. Pipe-Tank Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pipe-Tank Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pipe-Tank Coatings Market Absolute $ Opportunity
5. Global Pipe-Tank Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pipe-Tank Coatings Market Size and Volume Forecast by Type
5.3.1. Powder
5.3.2. Liquid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pipe-Tank Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pipe-Tank Coatings Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Chemical Processing
6.3.3. Industrial
6.3.4. Municipal Water Supply
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pipe-Tank Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pipe-Tank Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pipe-Tank Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pipe-Tank Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pipe-Tank Coatings Demand Share Forecast, 2019-2026
9. North America Pipe-Tank Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pipe-Tank Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pipe-Tank Coatings Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Chemical Processing
9.4.3. Industrial
9.4.4. Municipal Water Supply
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pipe-Tank Coatings Market Size and Volume Forecast by Type
9.7.1. Powder
9.7.2. Liquid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pipe-Tank Coatings Demand Share Forecast, 2019-2026
10. Latin America Pipe-Tank Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pipe-Tank Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pipe-Tank Coatings Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Chemical Processing
10.4.3. Industrial
10.4.4. Municipal Water Supply
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pipe-Tank Coatings Market Size and Volume Forecast by Type
10.7.1. Powder
10.7.2. Liquid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pipe-Tank Coatings Demand Share Forecast, 2019-2026
11. Europe Pipe-Tank Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pipe-Tank Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pipe-Tank Coatings Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Chemical Processing
11.4.3. Industrial
11.4.4. Municipal Water Supply
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pipe-Tank Coatings Market Size and Volume Forecast by Type
11.7.1. Powder
11.7.2. Liquid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.1. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pipe-Tank Coatings Demand Share, 2019-2026
12. Asia Pacific Pipe-Tank Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pipe-Tank Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pipe-Tank Coatings Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Chemical Processing
12.4.3. Industrial
12.4.4. Municipal Water Supply
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pipe-Tank Coatings Market Size and Volume Forecast by Type
12.7.1. Powder
12.7.2. Liquid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pipe-Tank Coatings Demand Share, 2019-2026
13. Middle East & Africa Pipe-Tank Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pipe-Tank Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pipe-Tank Coatings Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Chemical Processing
13.4.3. Industrial
13.4.4. Municipal Water Supply
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pipe-Tank Coatings Market Size and Volume Forecast by Type
13.7.1. Powder
13.7.2. Liquid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pipe-Tank Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pipe-Tank Coatings Market: Market Share Analysis
14.2. Pipe-Tank Coatings Distributors and Customers
14.3. Pipe-Tank Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AkzoNobel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Axalta Coatings Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Covestro AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cabot Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. 3M
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jotun
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dupont
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kansai Paint
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mascoat
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nippon Paint
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. The Sherwin-Williams Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Carboline Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
