Over the past few years, there has been a tremendous upsurge in pipeline construction, especially in North America, in response to the rising shale oil and gas production. This has resulted in a large-scale switch from coal to gas power generation. Pipeline coatings manufacture has, in effect, increased manifold. However, the exponential growth is unlikely to sustain for long, owing to the dramatic collapse in oil and gas prices to below USD 40 a barrel. Around 59 oil and gas producers have filed for bankruptcy since January 2015, reducing the pipeline traffic and consequently pipeline operators revenues and growth prospects in areas of the US.
European countries, on the other hand, being scarce in energy reserves are expected to sustain 70% of their energy requirements from Russia, the Arctic, and neighboring areas of Asia and North Africa by 2030; this makes the region a potential market for manufacturers. Governments of the European nations have approved major pipeline projects, resulting in high demand for sophisticated steel-pipeline coatings and anti-corrosion coatings. The European pipeline coatings market is largely dominated by independent manufacturers who specialize in coating solutions, especially layered polyolefin systems. Whereas, North America is the stronghold of fusion bonded epoxy coatings. In Europe, manufacturers are progressively entering into partnerships to introduce new polymer based coatings like polyurethanes and polyamides.
The infrastructure and construction industry has witnessed a tremendous growth, which has resulted in a greater demand for pipelines, especially in the thriving economies of Asia-Pacific. The increasing agricultural activities and alarming water crisis in India and China have elevated the need for water transport, thus boosting the pipeline industry. The overall trend projects a moderate to high growth rate for pipe coatings in the residential, agricultural and industrial applications in these regions.
Oil & Gas is one of the major industries that is driving the growth of the pipeline coatings market. However, it is expected to witness a stiff competition for the environmental-friendly and sustainable alternatives. Additionally, the oil & gas industry is also facing opposition form the consumers, environmentalists, agricultural land owners, and environmental organizations; they are focusing on adoption of renewable energy resources for the generation of electricity, which is expected to hinder the growth of the oil & gas industry. Consequently, these factors are expected to restrict the growth of the global pipe coatings market.
As per the analysis of these drivers, restraints and other market trends, our report concludes that there would be an XX% rise in the overall demand for pipe coatings market. However, these growth rates are distributed unevenly across the countries, as well as the types of coating material.
Some of the major players across the world have been researched in the report. These players include -
Market analysis for the pipe coatings market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the pipe coatings market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.2 Industry Value Chain Analysis
3.3 Regulatory Policies Analysis
3.4 Industry Attractiveness Porters 5 Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
3.6 Patent Analysis
4. Market Dynamics
4.1.1 Upsurge in Shale Oil and Gas Production in North America
4.1.2 Increasing Infrastructure Development Activities in Asia-Pacific
4.1.3 Rise in Irrigation and Agricultural Activities in Southeast Asia
4.1.4 Rising Energy Demand in Europe
4.2.1 Plunging Oil Prices Due to Oversupply
4.2.2 Competition from Renewable Energy Substitutes
4.3.1 Industrial Growth in the Middle East & Africa
4.3.2 Growth in Deep-water Exploration and Production Activities
5. Market Segmentation and Analysis
5.1 By Material Type
188.8.131.52 PVC Based
184.108.40.206 Polypropylene Based
220.127.116.11 Polyethylene Based
5.1.2 Epoxy Layered
5.1.3 Coal Tar Enamel
5.1.4 Asphalt Enamel
5.1.5 Vinyl-ester based
5.2 By Function
5.2.1 Underground- Immersion Service
18.104.22.168 Plant Applied
22.214.171.124 Field Applied
126.96.36.199 Line Coatings
188.8.131.52 Repair Coatings
5.2.2 Transition Area Coatings
5.2.3 Atmospheric Coatings
5.3 By End Application
5.3.1 Construction and Infrastructure
5.3.2 Oil and Gas
5.3.5 Industrial Chemical Transport
6. Regional Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles
9.1 Aegion Coating Services
9.2 Akzonobel N.V.
9.3 Arkema S.A
9.5 Bauhuis B.V.
9.6 Bayou Coating LLC
9.7 BASF SE
9.8 Bredero Shaw
9.9 BSR Coatings
9.10 Celanese Corporation
9.11 Covestro AG
9.14 E.I. Dupont De Nemours & Co.
9.15 Lyondellbasell Industries Holdings B.V.
9.19 The DOW Chemical Company
9.20 Wasco Energy Group of Companies
9.21 *(List not Exhaustive)