Pipe Coatings Market Updates

Global Pipe Coatings Market size was valued at USD 8.6 billion in 2023 and is poised to grow from USD 9.01 billion in 2024 to USD 13.11 billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032). 

The competitive landscape of the pipe coating market includes information about the companies involved in it. This information includes company overview, financials, revenue, market potential, investment in R&D, new initiatives, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launch, product range, and application dominance. All of the above-mentioned data points are related only to the companies' focus on the pipe coating market. 'PPG Industries, Inc. (US) ', 'Akzo Nobel N.V. (Netherlands) ', 'The Sherwin-Williams Company (US) ', 'WASCO ENERGY GROUP OF COMPANIES (Malaysia) ', 'Arkema Group (US) ', '3M (US) ', 'SHAWCOR (Canada) ', 'Berry Plastics (US) ', 'Dura-Bond Industries (US) ', 'Eupec pipecoatings (France) '

Growing Oil and Gas Exploration: The oil and gas industry heavily rely on pipes for petroleum offshore and onshore production and refineries. These pipes are required upstream, midstream, and downstream, which creates a high demand for pipe coatings. Epoxy pipe coating is extensively used in the industry due to its resistance to high temperatures, chemicals, and corrosion. Gas pipe coating products provide improved resistance to corrosion and abrasion, thereby increasing the longevity of costly equipment.

There is a growing demand for environmentally sustainable pipe coatings that minimize the environmental impact while offering effective corrosion protection. Manufacturers are increasingly focusing on developing coatings with reduced VOC emissions, eco-friendly formulations, and recyclable materials to meet regulatory requirements and sustainability goals.

North America has often been considered one of the dominant regions in the global pipe coating market is expected to experience significant growth soon, thanks to the rapid expansion of the oil and gas industry. The increased production of oil from the Permian and Delaware Basins has led to a rise in demand for new pipelines, as well as the expansion of existing ones, that connect the Gulf Coast Refineries. Companies prefer pipelines over trucking because they are more cost-effective and allow them to cut losses. Furthermore, the pipe coating industry is expected to see a positive impact due to the recently installed pipelines worth US$ 86 billion in Alaska and British Columbia (Canada). This is expected to increase the demand for pipe coatings to prevent corrosion.