Market Synopsis:
Corrosion protection and improving fluid flow are the main functions of pipe coatings. These coatings have major applications in chemicals and petrochemicals manufacturing industries. These industries deal with transporting hazardous, volatile and highly viscous fluids to various other end user industries and consumers.
Some of the prominent factors that positively influence the growth of pipe coatings market are increasing crude oil production, rising demand for chemicals, and coupled with increasing industrialization. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing number of water treatment plants to meet the drinking needs of the ever-growing population. However, growing environmental concern regarding the toxic effect of chemicals used in pipe coatings along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

To Get Sample Report @
https://www.marketresearchfuture.com/sample_request/4981

Regional Analysis:
The Global Pipe coatings market is categorized into five regions based on geography, namely- North America, Europe, Asia Pacific, Latin America and the Middle East & Africa.
Among these, North America accounts for around 28% market share as of 2016 and is predicted to grow with the healthy CAGR over the assessment period. The Middle Eastern & African market is categorized into Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. The aforementioned countries are predicted to drive the demand for pipe coatings in the upcoming years due to presence of matured oil reserves, resulting in the higher consumption of pipe coatings. Moreover, the rising demand for energy and increasing crude oil production in the Middle East & African countries is predicted to fuel the growth of the market. In North America, the pipe coatings market is predicted to grow with the highest CAGR during the assessment period, 2017 to 2023. Crude oil is the main area for pipe coatings consumption in the region, as majority of crude oil produced in North America is from oil sands, offshore oilfields, shale formations & tight oil. Relatively, crude oil production from oil sands and offshore oilfield results in increased consumption of pipe coatings, which in turn lead to high demand for pipe coatings in this region.

Market Categorization:
The global Pipe Coatings Market is segmented on the basis of type, application, and region. Based on type, the market is categorized into oil soluble and water soluble. Based on application, the pipe coatings market is classified into crude oil, sludge oil treatment, oil based power plants, petro refineries, lubricant manufacturing, and others. Based on region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Top Global Key Players:
Some of the Top Global Key Players operating in the global Pipe Coatings Market are, 3M (U.S.), BASF SE (Germany), Ecolab (U.S.), The Dow Chemical (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), Akzo Nobel N.V. (the Netherlands), Axalta Coating Systems Ltd. (U.S.), Wasco Energy Ltd. (Malaysia), SHAWCOR (Canada), Specialty Polymer Coatings, Inc. (Canada), and Arkema S.A. (France)

To Access Report @
https://www.marketresearchfuture.com/reports/pipe-coatings-market-4981