Oil & Gas Pipeline Coatings Market sales to reach a valuation of US$ 6,958.0 Mn in 2029

According to Future Market Insights (FMI), the global oil & gas pipeline coatings market registered a year-on-year (YoY) growth of 5.5% in 2021. Demand in the oil & gas pipeline coatings market is projected to grow at a value of 5.6% CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 4,733.4 Mn in 2022.

Oil & Gas Pipeline Coatings Value (2021A)	US$ 4,479.3 Mn
Oil & Gas Pipeline Coatings Value (2022E)	US$ 4,733.4 Mn
Oil & Gas Pipeline Coatings Value (2029F)	US$ 6,958.0 Mn
Value CAGR (2022-2029)	5.6%
Collective Value Share: Top 3 Countries (2021A)	46.4%

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.

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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.

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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.

Oil & Gas Pipeline Coatings Markey By Category

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

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Key Questions Answered in the Report
- What is the current Oil & Gas Pipeline Coatings market value?
- At what rate did the Oil & Gas Pipeline Coatings market grow between 2014 and 2021?
- What are the key trends driving Oil & Gas Pipeline Coatings sales?
- What will be the demand outlook for China Oil & Gas Pipeline Coatings market?
- What will be Oil & Gas Pipeline Coatings’ market share in North America?
- What is the anticipated market share of US in the Global Oil & Gas Pipeline Coatings market?

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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