Oil & Gas Pipeline Coatings Market Size, Share, Demand & Growth By 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 Million in
2022.
Witnessing robust expansion over 2022 to 2029, the global market for oil & gas pipeline
coatings will reach revenues worth US$ 7 Billion towards 2029 end. 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 the 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, attributed 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 the onshore sector constitutes most of the market
share, the 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.
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, SherwinWilliams 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.
What Does the Future Hold?
Crude oil prices are extremely volatile in nature, affected by growing US oil & gas
production, OPEC production cuts, and oversupply of crude oil. Considering the number of
pipeline projects in the construction phase and older, existing pipelines in need of
reconditioning, the oil & gas pipeline coatings market is projected to witness robust growth
during the forecast period.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
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