The Latest Pipe Coatings Industry Statistics Explained
The global pipe coatings market size was estimated at USD 11.80 billion in 2019.
This statistic refers to the estimated market size of pipe coatings on a global scale, which was valued at USD 11.80 billion in the year 2019. The term “market size” in this context represents the total value of all pipe coatings sold and consumed within a specific timeframe, in this case, the year 2019. This value includes the revenue generated from the sale of pipe coatings across various regions and industries worldwide. Understanding the market size is essential for stakeholders, such as manufacturers, suppliers, and investors, as it provides insights into the overall market demand, trends, and potential growth opportunities within the pipe coatings industry on a global level.
The global pipe coatings market is anticipated to register a CAGR of 5.6% by 2027.
This statistic indicates that the global pipe coatings market is expected to experience a Compound Annual Growth Rate (CAGR) of 5.6% over the forecast period until 2027. The CAGR is a measure of the annual growth rate of an investment or market and provides a smooth representation of growth over time. In this context, a CAGR of 5.6% suggests a steady increase in market size and demand for pipe coatings globally. This growth could be driven by factors such as increasing infrastructure development projects, expansion of oil and gas pipelines, and a focus on corrosion protection and maintenance in various industries. The projected growth rate implies potential opportunities for market players and indicates a positive outlook for the pipe coatings industry in the coming years.
The water and sewage end-use segment accounted for over 15.5% of the global revenue in 2019.
This statistic indicates that the water and sewage end-use segment contributed significantly to the global revenue in 2019, comprising more than 15.5% of the total revenue generated worldwide. This suggests that the water and sewage industry plays a crucial role in the global economy, underscoring the importance of water and wastewater management services in various sectors. The substantial revenue share highlights the demand for water and sewage services and signifies the economic significance of this segment in providing essential utilities to populations and industries around the world.
Polyethylene held the largest market share of 42.4% in 2019.
The statistic ‘Polyethylene held the largest market share of 42.4% in 2019’ indicates that polyethylene, a type of plastic widely used in various industries such as packaging, construction, and automotive, accounted for the highest proportion of market sales compared to other materials during the year 2019. The 42.4% market share suggests that nearly half of the total market was dominated by polyethylene products, showcasing its popularity and widespread usage. This information is valuable for businesses and investors to understand the competitive landscape within the industry, identify key players, and make informed decisions regarding marketing strategies, product development, and investment opportunities within the polyethylene market.
The Asia Pacific accounted for a significant revenue share of 39.1% in 2019.
This statistic indicates that the Asia Pacific region contributed a substantial portion of total revenue in 2019, amounting to 39.1%. This suggests a strong economic presence and growth potential in the Asia Pacific market compared to other regions. The significant revenue share highlights the importance of the Asia Pacific market in the overall financial performance of the entity being analyzed. Factors such as population size, economic development, consumer behavior, and market dynamics could have contributed to the region’s notable share of revenue, making it a key area of focus for business strategies and decision-making in the future.
The pipe coating has been segmented into types such as thermoplastic coatings, fusion bonded epoxy coatings, metal coatings, and concrete weight coatings.
In the context of pipe coating, the statistic provided indicates that different types of coatings are being used to protect pipes in various applications. Thermoplastic coatings are known for their heat resistance and durability, fusion bonded epoxy coatings offer excellent corrosion protection, metal coatings provide a robust barrier against external elements, and concrete weight coatings add stability and weight to underwater pipelines. By segmenting pipe coatings into these specific types, professionals can select the most suitable solution based on the requirements of the project, such as environmental conditions, operating temperatures, and desired longevity of the coating. This segmentation approach enables tailored protection for pipes in diverse industries such as oil and gas, water distribution, and infrastructure development.
The thermoplastic coatings segment is projected to be the fastest-growing segment from 2017 to 2022.
This statistic indicates that among all segments in the market, the thermoplastic coatings segment is expected to experience the highest rate of growth between 2017 and 2022. This suggests a strong market demand for thermoplastic coatings during this period, potentially driven by factors such as technological advancements, increased adoption by industries, or regulatory requirements. Companies operating in this segment may benefit from this projected growth by expanding their market share, developing new products or services, and capitalizing on emerging opportunities in the thermoplastic coatings market.
Among coating types, the powder coating type is projected to lead the market from 2017 to 2022.
This statistic suggests that in the forecasted period from 2017 to 2022, powder coating is expected to have the highest market share compared to other types of coatings. This indicates that powder coating is likely to be preferred by consumers, offering various advantages such as durability, environmental friendliness, and cost-effectiveness. The projected leadership of powder coating in the market implies a growing demand for this type of coating among industries and consumers, leading to increased market penetration and potentially displacing other coating types as the preferred choice in various applications.
The market for oil and gas segment is expected to reach USD 7.02 Billion by 2021.
This statistic indicates that the market for the oil and gas segment is projected to grow significantly, reaching a value of USD 7.02 billion by the year 2021. This growth forecast suggests an increasing demand and investment in the oil and gas industry, potentially driven by factors such as economic development, energy consumption trends, and geopolitical considerations. The market expansion to such a substantial value by 2021 underlines the industry’s importance and potential opportunities for businesses operating in the oil and gas sector to capitalize on this growth.
North America was the second largest market in 2018, and the region is expected to continue its significant share during the forecast period.
This statistic suggests that North America held the second highest market position in a specific industry or sector in the year 2018, indicating that it played a substantial role in the overall market landscape. Furthermore, the statement implies that North America is likely to maintain its prominence and significant market share into the foreseeable future as well, based on projected trends and forecasts. This indicates that North America’s influence and contribution to the market will continue to be a key factor to consider for businesses and stakeholders operating within that particular industry or sector.
The concrete coating segment is expected to grow at a CAGR of 5.2% during the forecast period.
This statistic indicates that the concrete coating segment, which encompasses products used to protect and enhance concrete surfaces, is projected to experience a Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period. This growth rate suggests a steady increase in the market size and demand for concrete coating products over time. Factors driving this growth may include the expanding construction industry, increasing awareness about the benefits of concrete coatings in enhancing durability and aesthetics of structures, and technological advancements leading to the development of innovative coating solutions. Businesses operating in this segment may benefit from this growth trend by capitalizing on opportunities for market expansion and product innovation to meet the growing demand for concrete coating solutions.
The pipe coatings market was valued at US$ 6,800 million in 2016.
This statistic indicates that the global market for pipe coatings, used to protect pipes from corrosion and extend their lifespan, was estimated to be worth $6,800 million in the year 2016. This value represents the total revenue generated from the sales of various types of coatings specifically designed for pipes across different industries around the world. The market size reflects the demand for pipe coatings driven by factors such as infrastructure development, pipeline construction projects, and maintenance needs in sectors like oil and gas, water distribution, and industrial applications. This statistic provides insights into the significant market opportunity for pipe coating manufacturers and the overall importance of protecting and preserving pipelines to ensure efficient and safe transportation of fluids.
Europe is one of the key markets for pipe coating materials, where Germany holds the largest share.
This statistic indicates that Europe is a significant market for pipe coating materials, with Germany being the leading country in terms of market share within the region. The statement suggests that Germany plays a crucial role in the demand and consumption of pipe coating materials in Europe. This could be due to various factors such as the country’s industrial activities, infrastructure development, or regulatory requirements that drive the need for pipe coating materials. Understanding this market dynamic can help industries and policymakers tailor their strategies and investments to effectively target the European pipe coating materials market and capitalize on the opportunities presented by Germany’s prominent position within it.
The oil and gas industry accounted for over 60% of the overall revenue in 2018.
This statistic suggests that the oil and gas industry was a dominant force in terms of revenue generation in 2018, contributing significantly to the overall economic landscape. With over 60% of the total revenue being attributed to this specific sector, it underscores the industry’s substantial financial impact. This data indicates a heavy reliance on oil and gas-related activities to drive economic growth and prosperity during the given timeframe, highlighting the sector’s importance as a key player in the overall revenue stream for the specified year.
The largest market for pipe coatings in terms of volume in 2015 was powder coatings.
This statistic indicates that in 2015, the highest quantity of pipe coatings were sold in the form of powder coatings compared to other types of coatings. Powder coatings are a type of dry finishing process that is primarily used for coating metal surfaces, offering advantages such as durability, flexibility, and environmental benefits. The fact that powder coatings had the largest market share in terms of volume suggests that they were preferred by consumers and industries for protecting and enhancing the appearance of pipes during the specified year.
The market for pellet form is projected to grow at the highest rate during the forecast period.
This statistic suggests that among various forms of the product being considered, the market for pellet form is expected to experience the most significant growth rate over the specified forecast period. This indicates a strong demand for pellets compared to other forms, such as powder or liquid, and signals a potential shift in consumer preferences or industry trends towards this particular format. Factors driving this growth could include increased efficiency, ease of handling, storage, transportation, and usage, as well as potential cost advantages or performance benefits associated with pellets. Overall, the projection highlights the potential opportunities and importance of the pellet form within the market in the near future.
The pipe coatings market in APAC is projected to reach USD 5,011.7 million by 2021.
The statistic states that the pipe coatings market in the Asia-Pacific (APAC) region is forecasted to grow and reach a total value of USD 5,011.7 million by the year 2021. This projection suggests a significant expansion in the market for coatings used to protect and enhance the durability of pipes in industries such as oil and gas, water and wastewater, and construction. The growth can be indicative of increasing infrastructure developments and investments in the region, driving the demand for pipe coatings to safeguard against corrosion and other forms of damage, highlighting the potential opportunities and market dynamics within the pipe coatings industry in the APAC region.
References
0. – https://www.www.alliedmarketresearch.com
1. – https://www.www.marketsandmarkets.com
2. – https://www.www.releasewire.com
3. – https://www.www.mccourier.com
4. – https://www.www.prnewswire.com
5. – https://www.www.grandviewresearch.com
6. – https://www.www.globenewswire.com
