Pipe coating is applied on the surface of the pipe to save it from corrosion, abrasion, and reaction with water and other reactive substances, and it improves the performance and increases the longevity of the pipelines. According to BlueQuark Research & Consulting, the global Pipe Coatings market is expected to witness a significant growth rate during the forecasted period. Factors such as the oil and gas segment dominated the market and are likely to grow during the forecasted period, with surging pipeline infrastructure and rising oil and gas exploration and production activities. Further, the growing industrial sector and demand from end-users are the significant factors driving the Pipe Coatings market growth in the forecasted period. Furthermore, the increase in the demand for sewage treatment across the globe acts as one of the major factors driving the development of the global pipe coating market in the forecasted market. However, the challenges from renewable energy sources can serve as a restraint on the market. Due to strict environmental norms, the adoption of green coatings can act as an opportunity for the pipeline coatings market's growth. 

Pipes are utilized in various applications such as petroleum and gas transportation, chemicals, water, other industrial processes, gas treatment equipment, fire suppressant systems, and water treatment plants. The purpose of pipe coating is to protect the metal surface of the pipe from wear, corrosion, and other reactions. Pipe coating improves the performance and life of the tube. The choice of pipe coating depends on the type of application.

The prime factor driving the pipe coatings industry's growth is the increasing demand for oil and gas due to high energy shortages and advanced technological developments. The number of shale gas exploration and chemical procedure industries is growing due to which piping networks are being developed to meet current needs. Pipes are needed in petroleum offshore and onshore production and refineries in the oil and gas industry. Pipes are needed upstream, midstream, and downstream in the petroleum industry. Hence, it generates higher demand for pipe coatings. In the oil and gas sector, epoxy pipe coating is used widely, as it is resistant to high temperatures, chemicals, and corrosion. Without pipeline corrosion prevention, damages occur, which leads to equipment failure and loss of production time. Tubing, fasteners, pipes, and equipment are subjected to the punishing effects of chemicals, water, and sea salt spray. Industry-standard hot-dip galvanized and zinc-plated coatings lack durability and deteriorate in challenging offshore environments. However, metal coatings proprietary gas pipeline coating products minimize the effects of corrosion and abrasion and improve the longevity of costly equipment. With recovery prices in the oil and gas industry, exploration and production have started increasing across the globe. The significant increase in oil & gas offshore exploration and production activities is noticed in the North Sea, North America, and Middle Eastern regions. Upstream, midstream, and downstream pipes are needed in the petroleum field. It then creates a greater need for coatings for pipes. Epoxy pipe coating is used extensively in the oil and gas industry as it is resistant to high temperatures, corrosion, and contaminants. Harm occurs without pipeline corrosion safety, proceeding in system breakdown and lack of manufacturing time. Exploration and development have begun to expand across the globe, with recovery rates in the oil and gas sector. 

The North American region influence the Pipe Coatings market due to its massive oil and gas production and extensive piping network. The Asia Pacific region is the fastest-growing pipe coatings market due to rising demand from end-users like oil and gas, chemical transport, agriculture, etc. Rapid urbanization in the growing economies has resulted in real-estate growth for residential and commercial purposes, owing to which piping infrastructure is being developed. Pipe coating mentions the type of protective coating on metal surfaces that is primarily required to prevent corrosion of pipes. Coatings could be suitable for pipes below and above the ground level internal coat and outer coat. The coating is applied from single to triple layers for enduring harsh environments such as moisture, UV, and solvents. The increase in the inclination towards pipe coating due to various advantages such as flow enhancement reduced effect of abrasion and increased wear resistance accelerates the market growth. The high adoption of pipe coating in the oil and gas industry for transportation of heavy oil, crude oil, and petroleum products further influences the market. The increased demand for thermoplastic polymer coating is attributed to its excellent properties and a broad spectrum of applications in various end use industry. During the forecast period, thermoplastic polymer coatings are expected to rise significantly in the pipe coatings market. Additionally, rapid industrialization, the surge in investments, and the implementation of strict government regulations for the environment and health safety (EHS) positively affect the pipe coating market. Furthermore, an increase in the popularity of mobile coating technology extends profitable opportunities to the market players in the forecasted period.

The global Pipe Coatings market is consolidated. The major players in the worldwide Pipe Coatings market are 3M, BASF SE, PPG Industries, Sherwin Williams Company, and Akzo Nobel NV.

In January 2021, AkzoNobel signed an agreement with Guangdong Province to supply powder coatings to China's groundbreaking water pipeline.

In February 2021, Arkema acquired Poliplas, a hybrid technology sealants and adhesives leader. The acquisition will surge its presence in the fast-growing Brazilian construction adhesives.

In September 2019, Capital Paints LLC, which specializes in architectural powder coating, was bought by Axalta Coating Systems Ltd. This purchase intends to offer local consumers in the oil & gas and architectural sectors improved support and technical resources while also permitting the company to spike the Middle Eastern markets.

The Global Pipe Coatings Market report provides deep insight into the current and future state of the Pipe Coatings market across various regions. The study comprehensively analyzes the Pipe Coatings market by segmenting based on form (Liquid Coatings & Powder Coatings), material type (Asphalt Enamel, Coal Tar Enamel, Epoxy Layered, Thermoplastics, Vinyl Ester-based & Other Types), end-user industry (Agriculture, Chemical Processing and Transport, Mining, Oil and Gas, Water and Waste water Treatment & Other end-users) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.