Pipe coating materials that are used in manufacturing processes come in a variety of synthetic materials that include epoxy polymers, urethane coatings, thermoplastic rubber, and others. Once the pipe is made, the pipe manufacture typically applies the pipe coating at the same time. This has several benefits to manufacturing operations. The coating can easily be applied in an even manner, the surface of the pipe is always clean, and different application methods can be more accurately controlled. Pipe coating materials come with several different benefits when applied to pipes in specific applications. One of these is corrosion protection. Commonly used pipe coating materials provide the pipelining with greater resistance to acid corrosion (rusting), heat corrosion (corrosion of copper & zinc) as well as mechanical wear and tear. Additionally, these materials provide the liner with protection from chemical corrosion. Chemical corrosion (rusting) occurs when metallic surfaces come into contact with one another, creating a reaction that can cause both the metal or iron that compose the joint to deteriorate, which in turn can allow waste products from rusting to leak into the pipeline or drain field, which in turn poses a hazard to the environment.
Market Dynamics
The main driving factor influencing the growth of the pipe coatings market is the increasing demand for energy from the rapid expansion of infrastructural and construction facilities in emerging economies worldwide. According to Manufacturers’ Association for Information Technology (MAIT), in India, there are 200 construction companies in the corporate sectors while approximately 120,000 class A contractors are registered with the various government construction sectors. Moreover, the need to transport oil that has been produced afterward in these industries is also boosting the market growth. The manufacturing firms in the global pipe coating markets are getting backed by favorable regulations made by governmental bodies such as FDI policies and reduced taxes.
However, the high costs associated with the pipe coating processes are the main restraining factor hindering the market growth. Moreover, the presence of a high amount of volatile organic compound (VOC) in the coatings is another reason that could be expected to affect the market adversely.
This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is expected to hold a bigger share of the pipe coating market owing to the increased production of oil from Delaware and Permian basins, which has rapidly boosted the demand for installation of new pipelines and expansion of the current ones to the Gulf Coast Refineries. Moreover, pipeline construction is more cost effective than trucking, which enables the companies to cut losses. The market in Asia-Pacific is estimated to witness significant growth owing to the increased demand from the chemical industry, which has resulted in rapid growth in the market in India, Indonesia, and China.
Competitive Analysis
The key players in the pipe coatings market include E.I. Du Pont Nemours and Co., Bredero Shaw, Wasco Energy Group of Companies, Bayou Companies, Celanese Corporation, Covestro AG, and Dow Chemical Company.
In March 2019, PPG Industries Inc. launched the PPG ENVIROCRON, which is a new line of maximum protection edge coatings at the Powder Coating 2019.
In-depth Report on Pipe Coating Materials Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/ongoing-insight/pipe-coatings-market-448
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