PIPE COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

The oil & gas industry and chemical processing industry are the largest end-user segments of the pipe coatings market. The cost effectiveness of pipelines has led to the development of both, upstream and downstream industries. Pipelines used in oil & gas industry are both, onshore and offshore. Furthermore, they transport crude oil, natural gas, refined product lines, water and CO₂ (injection) to various  countries. Instability of the oil prices and concerns regarding the effect on marine and land ecosystems remain major restraints to growth of the market. Moreover, the pipe coatings market in water transportation pipelines is also the key end-use industry in the pipe coatings market. The pipe coatings are largely applied in sewage and potable water pipelines.