Global Coatings Market in Energy & Petroleum Industry Analysis - 2020-2028
The coatings used in the energy and petroleum industry are coverings which are applied on the surface of a material to protect it from various external factors such as corrosion, fouling, and icing. This further acts as a protective barrier against deterioration of the surface due to its reaction with the environment. Oil and gas industry frequently faces challenges during the offshore installations as the pipelines which are used to transport oil and gas and refinery equipment face the problem of corrosion. The global coatings market in petrochemical and energy industry attained a market value of around USD 12,000 million in 2019 and is anticipated to grow at a CAGR of about 5% over the forecast period, i.e., 2021-2028.
The market is segmented by coating, by coating layer, by technology, by application and by region. Based on the coating layer, the market is segmented into single layer and multi-layer coating. Out of these, the multi-layer coating segment of coatings market in petrochemical and energy is expected grow at a substantial CAGR over the forecast period. The growth of this segment is primarily driven by the advantage of multi-layer coating of providing better mechanical damage-resistant compared with single layer coating. On the basis of application, the market is segmented into anti-corrosion, anti-icing, anti-fouling and others. The anti-corrosion segment is projected to attain a market value of around USD 9,000 Million by the end of 2028 on account of increasing demand for anti-corrosion coating in petrochemical and energy industry.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The coatings market in petrochemical and energy industry in Asia Pacific is growing significantly on account of increasing developments as a result of exploration of unconventional oil resources across the region. The Asia Pacific market is anticipated to grow at the highest CAGR during the forecast period i.e. 2021-2028. This growth is estimated to be driven by the overall economic growth of the region.
Some of the key industry leaders in the coatings market in energy & petroleum industry are Dupont, PPG Industries, Inc., Ancatt, Axalta Coatings Systems, RPM International Systems, BASF SE, Wacker Chemie AG, Hempela A/S and 3M.
The coatings used in the energy and petroleum industry are coverings which are applied on the surface of a material to protect it from various external factors such as corrosion, fouling, and icing. This further acts as a protective barrier against deterioration of the surface due to its reaction with the environment. Oil and gas industry frequently faces challenges during the offshore installations as the pipelines which are used to transport oil and gas and refinery equipment face the problem of corrosion. The global coatings market in petrochemical and energy industry attained a market value of around USD 12,000 million in 2019 and is anticipated to grow at a CAGR of about 5% over the forecast period, i.e., 2021-2028.
The market is segmented by coating, by coating layer, by technology, by application and by region. Based on the coating layer, the market is segmented into single layer and multi-layer coating. Out of these, the multi-layer coating segment of coatings market in petrochemical and energy is expected grow at a substantial CAGR over the forecast period. The growth of this segment is primarily driven by the advantage of multi-layer coating of providing better mechanical damage-resistant compared with single layer coating. On the basis of application, the market is segmented into anti-corrosion, anti-icing, anti-fouling and others. The anti-corrosion segment is projected to attain a market value of around USD 9,000 Million by the end of 2028 on account of increasing demand for anti-corrosion coating in petrochemical and energy industry.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The coatings market in petrochemical and energy industry in Asia Pacific is growing significantly on account of increasing developments as a result of exploration of unconventional oil resources across the region. The Asia Pacific market is anticipated to grow at the highest CAGR during the forecast period i.e. 2021-2028. This growth is estimated to be driven by the overall economic growth of the region.
Some of the key industry leaders in the coatings market in energy & petroleum industry are Dupont, PPG Industries, Inc., Ancatt, Axalta Coatings Systems, RPM International Systems, BASF SE, Wacker Chemie AG, Hempela A/S and 3M.
Table of Contents
Global Coatings Market In Energy & Petrochemical Industry2. Assumptions And Acronyms4. Executive Summary - Global Coatings Market In Energy And Petrochemical Industry6. Regulatory Landscape7. Raw Material Outlook12. Key Market Opportunities21. ANALYST’S REVIEW
1. Introduction
3. Research Methodology
5. Value Chain Analysis
8. Industry Risk Analysis
9. Comparison Analysis Of Traditional Coating And Smart Coating Technology W.R.T Application
10. Comparative Analysis
11. Evaluation On The Impact Of Covid-19 On The Global Market
13. Analysis Of Market Dynamics
14. Global Coatings Market In Energy And Petrochemical Industry Outlook
15. North America Coatings Market In Energy And Petrochemical Industry Outlook
16. Europe Coatings Market In Energy And Petrochemical Industry Outlook
17. Asia Pacific Coatings Market In Energy And Petrochemical Industry Outlook
18. Latin America Coatings Market In Energy And Petrochemical Industry Outlook
19. Middle East And Africa Coatings Market In Energy And Petrochemical Industry Outlook
20. Competitive Insights
Companies Mentioned
- Dupont
- PPG Industries Inc.
- Ancatt
- Axalta Coatings Systems
- RPM International Systems
- BASF SE
- Wacker Chemie AG
- Hempela A/S
- 3M
