Pipe
Coatings Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

The global pipe coatings market is anticipated to grow
at a CAGR of around 5% during the forecast period (2024-2031). The rising
mergers and acquisitions among major players of the global pipe coatings
industry is the key factor driving the growth of the market. The market players
are focusing on expanding their business operations globally with acquisitions
of the companies operating in the global market in order to serve better
services and products to their potential customers. For instance, in May 2021,
PPG Industries Inc. completed the acquisition of global coatings manufacturer
Wörwag.

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The
company Wörwag has a strong specialization in developing sustainable liquid,
powder, and film coatings for industrial and automotive applications along with
an operating position in Germany, the US, China, South Africa, Mexico, Spain,
Switzerland, and Poland. Through this acquisition, both the companies as
combined would serve their customers in a new way and contribute to developing
an industry-leading automotive coatings portfolio. 

In
June 2021, RPM International Inc. announced that its subsidiary Carboline
subsidiary has acquired Dudick Inc. The Dudick Inc. is a provider of
high-performance coatings, flooring systems, and tank linings. The company has
a manufacturing relationship in Taiwan and South Korea, and its products are
being distributed globally. The acquisition of the Dudick business would assist
Carboline to strengthen its standing in the secondary containment linings
market. Besides, in the same month, Hempel has acquired a unique
ground-breaking coatings technology developed by Das Lack Enertherm (DLE). The
technology will assist Hempel to develop and launch coating products with
insulating properties within the next year.

Moreover,
in January 2019, the Coatings division of BASF SE acquired the automotive paint
detackification business of Polymer Ventures, Inc., including all of its shares
of Galaxy Chemical Corp. Similarly, in 2019, PPG completed the acquisition of
automotive coatings manufacturer Hemmelrath, which helped the company to
strengthen its position in the automotive coatings market.

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Market
Coverage

•             Segment Covered- 

o             Material Type

o             End-User Industry

•             Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

•             CompetitiveLandscape-Sherwin-Williams
Co., Akzo Nobel N. V., Axalta Coating Systems Ltd., BASF SE, PPG Industries
Inc.,Shawcor Ltd., and Wasco Energy Group of Co.

Key
questions addressed by the report

•             What is the market growth rate?

•             Which segment and region dominate
the market in the base year?

•             Which segment and region will
project the fastest growth in the market?

•             How has COVID-19 impacted the
market?

o             Deviation from the pre-COVID-19
forecast

o             Most affected region and segment

•             Who is the leader in the market?

•             How players are addressing
challenges to sustain growth?

•             Where is the investment
opportunity?

Global
Pipe Coatings Market Report Segment

By
Material Type

•             Thermoplastics

•             Fusion Bonded Epoxy

•             Concrete Coatings

•             Bituminous Coatings

•             Others

By
End-User Industry

•             Non-Residential (Industrial&
Commercial)

•             Residential

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