Pipe Coatings Market 2023 Grow with a High CAGR
The pipe coatings market refers to the market for various types of coatings that are applied to pipes to protect them against corrosion, abrasion, and other forms of damage. Pipe coatings are used in a variety of industries including oil and gas, water and wastewater, and chemical processing. The global pipe coatings market size was valued at USD 9.6 billion in 2020 and is projected to reach USD 13.1 billion by 2026, growing at a CAGR of 5.1% during the forecast period. There are several types of pipe coatings available in the market, including epoxy, polyethylene, polyurethane, fusion bonded epoxy, and others. Epoxy coatings are the most widely used type of pipe coatings, owing to their excellent adhesion, chemical resistance, and durability. Polyethylene coatings are also gaining popularity due to their high resistance to abrasion and impact. The oil and gas industry is the largest end-use industry for pipe coatings, accounting for over 60% of the market share in 20...