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Pipe Coatings Market Share

Report ID: GMI8214
Published Date: Feb 2024
Report Format: PDF

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Pipe Coatings Market Share

Pipe Coatings Market Company Revenue Share, (2023)

The competitive landscape of the pipe coatings industry, featuring major players such as AkzoNobel N.V., BASF SE, The Sherwin-Williams Company,Axalta Coating Systems , 3M Company, Shawcor Ltd.. Reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their Pipe Coatings products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like Kyocera Corporation, Morgan Advanced Materials plc., leveraging extensive networks to ensure widespread availability of their products.

Pipe Coatings Market Companies

Major players operating in the pipe coatings industry include:

AkzoNobel N.V.
BASF SE
The Sherwin-Williams Company
Axalta Coating Systems
3M Company
Shawcor Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for pipe coatings was USD 8.8 billion in revenue in 2023 and is set to expand at over 4.7% CAGR between 2024 and 2032 owing to the rising demand for corrosion protection in the oil & gas sector, water and wastewater infrastructure, and industrial applications.

Water-based pipe coatings industry held 39.6% revenue share in 2023 and is estimated to witness high demand through 2032 owing to their lower VOC content, reduced environmental impacts, and compliance with stringent regulations.

North American pipe coating accounted for 20.4% revenue share in 2023 and is anticipated to record substantial growth through 2032 attributed to robust industrial and technological infrastructure across the region.

Some of the leading enterprises engaged in the pipe coating market are AkzoNobel N.V., BASF SE, The Sherwin-Williams Company, Axalta Coating Systems, 3M Company, and Shawcor Ltd.