According to a recent market research report by MarketsandMarkets, the global pipe protection coating market is estimated to be approximately US$6.9 billion in 2020, and is projected to reach US$8.5 billion by 2025.
Analysis indicates that thermoplastic polymer coatings are the most widely used type of coating for pipelines, primarily including polyethylene coatings, polypropylene coatings, and polyurethane coatings. Currently, three-layer polyethylene or three-layer polypropylene systems are preferred due to their synergistic effect with thermoplastic polymer coatings and fused epoxy coatings, which enhances the protective performance of pipelines, especially in the oil and gas sector.
Research indicates that North America is the largest market for pipeline coatings globally, and this trend is expected to continue in the coming years. The utilization of shale gas and oil resources in the region has fueled the growth of the oil and gas industry, and the availability of raw materials will further stimulate the development of the chemical industry.
The main manufacturers of global pipe protection coatings include: PPG (USA), Akzonobel (Netherlands), Shawcor (Canada), Sherwin-Williams (USA), Ashland (USA), Akema (France), Wasco Energy (Malaysia), 3M (USA), Specialty Polymers (Canada), Seal For Life (Netherlands), and others.