Pipe Coating Market Size & Share, by Coating type (Fusion Bonded Epoxy, Polyethylene, Polyurethane, Coal Tar Enamel), Material type; Application; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2034

  • Report ID: 7972
  • Published Date: Jul 31, 2025
  • Report Format: PDF, PPT

Pipe Coating Market Outlook:

Pipe Coating Market size was valued at USD 9.9 billion in 2024 and is projected to reach USD 16.8 billion by the end of 2034, rising at a CAGR of 5.5% during the forecast period, i.e., 2025-2034. In 2025, the industry size of pipe coating is estimated at USD 10.49 billion.

The primary driver of the global pipe coating market is the rapid growth of pipeline infrastructure, namely in oil & gas, water, and wastewater applications, driven by multi-billion-dollar government investment initiatives and regulatory requirements. The best example is the U.S. Bipartisan Infrastructure Law, investing approximately USD 55.2 billion in water system improvements through to 2026, demanding some 2.8 million tons of corrosion-resistant and durable-coated steel pipe. Along the same lines, China's partial implementation of GB/T 23257-2017 standards demands fusion-bonded epoxy or polyethylene coating for cross-country oil pipelines as a national goal for compliance. In Europe, demands like Germany's updated TRGS 521 VOC limits and the EU's Circular Economy Action Plan have raised demand for solvent-free thermoplastic coatings in drinking water schemes, with urban network replacements projected to grow over 9%.

Geopolitical disruptions and turbulence (e.g., 32% polyethylene price surge in 2022) have increased procurement volatility. Trade flows indicate increased import-export activity, Asian resin imports supply European and North American markets, with Middle Eastern and African markets exporting coated pipe to the U.S. Middle East and African buyers from Gulf Coast increased 23% in 2023, when port logistics interruptions (Houston, Rotterdam) stopped 23% of subsea coating shipments, resulting in project-level fines of USD 140.2 million. In price indexes, the U.S. Producer Price Index of fabricated pipe & fitting plants was 463.5 (April 1, 2025), with +4.97% average annual growth, showing moderate inflationary pressure. Wider commodities related to pipelines, iron & steel pipe and tube registered a PPI of 510.6 in 2023 compared to 616.64 in 2022 due to declines in raw materials prices.

Pipe Coating Market Size
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Growth drivers

  • Stricter chemical regulation and compliance costs: In 2021, the EPA updated its definition of the Toxic Substances Control Act (TSCA), mandating detailed risk evaluations for all "reasonably anticipated" purposes of new chemicals, rendering the Significant New Use Rule outdated. This added about 16% to compliance costs for manufacturers of specialty pipe coatings. Consequently, companies are forced to redesign coatings using safer chemistries, necessitating new, low-toxicity materials. This regulatory push drives market growth by speeding up product development cycles and increasing the scale of green coatings, which is currently growing at an estimated annual rate of 7%.

  • Shift toward renewable and circular chemistry: The renewable chemical market is forecast to grow from USD 155.2 billion in 2024 to USD 390.1 billion by 2032, at a CAGR of 11.6 percent. The rapid growth in the market stems from innovations in catalytic biomass conversion technologies that increased production efficiency by more than 21%, reduced costs, and improved sustainability so much that the renewable chemicals really exist as viable alternatives competing on the global platform. This in turn hastened the growth of the market by accelerating the adoption of bio-based pipe coatings having lower carbon footprints and stricter environmental laws. Stimulus from the government and sustainable schemes open investment avenues for green coatings, thereby bringing forth a larger market share for renewable chemical-based products to stand as the primary choice in the protection of pipelines.

1. Global Pipe coating Chemical Trade Volumes, Values, and Growth Rates by Region (2019-2024)

Trade Volumes, Values, and Growth Rates by Region (2019-2024)

Region

2019 Trade Value (USD bn)

2020 (USD bn)

2021 (USD bn)

2024 (USD bn)

Major Exporters

Major Importers

Asia Pacific

2.6

2.7

2.9

3.2

China, Japan, South Korea

India, Australia, Southeast Asia

North America (USA, CAN)

2.3

2.4

2.6

2.9

USA, Canada

Canada, Mexico

Europe

1.9

1.8

2.0

2.2

Germany, France, UK

Germany, Italy, the Netherlands

Latin America

0.7

0.65

0.75

0.8

Brazil, Mexico

Argentina, Chile

Middle East & Africa

0.6

0.55

0.65

0.7

UAE, Saudi Arabia

South Africa, Egypt

Pipe Coating: Import/Export Data by Route (2019-2024)

Year

Exporting Country Importing Region

Shipment Value (USD bn)

Product Type / Notes

2019

Germany → USA

0.9

Epoxy-based general coatings

2020

USA → Canada

0.7

Polyurethane pipe coatings

2021

China → Asia-Pacific

0.8

Fusion-bonded epoxy (FBE) for oil & gas pipelines

2022

USA → Europe

1.0

3-layer polyethylene (3LPE) coatings

2023

USA → Latin America

+12.2% YoY

3-layer polypropylene (3LPP) blends

2024

India → Middle East & Africa

+8.7% MoM

Corrosion-resistant liquid coatings

Key Trade Routes and Market Share Patterns

Trade Route / Statistic

Value / Share

Year

Asia-Pacific pipe coating trade share

~30.3% of global coating trade

2021

U.S. exports to Canada

USD 0.7 billion

2023

U.S. exports to Mexico

USD 0.6 billion

2023

Europe’s coating material trade surplus

~USD 0.5 billion

2023

China → EU import share of coatings

~18.2% of EU coating imports

2023

Global pipe coating trade volume

~10.2 million tons

2024

Global coating trade YoY decline

-1.3%

2024

Average global import price (all coatings)

~USD 2,080 per ton

2024

2. Production Data Analysis of Global Pipe Coating Market (2019-2024)

Major Manufacturers, Plant Locations & Annual Production Capacities (2019-2024)

Producer

Country

Plant Location(s)

Capacity 2019 (kt)

Capacity 2024 (kt)

Utilization 2024

Dow Inc.

USA

Texas, Louisiana

520.2

586.3

91.8%

Arkema

France

Pierre-Bénite, Shanghai

460.1

519.8

89.9%

BASF SE

Germany

Ludwigshafen, Antwerp

430.2

490.1

89.2%

PPG Industries

USA

Ohio, Minnesota

380.3

435.4

90.9%

Jotun

Norway

Sandefjord, Shanghai

350.2

404.1

88.1%

Hempel

Denmark

Copenhagen, India

310.4

356.2

86.8%

JSI Tubes (JV)

India

Jamnagar

290.1

334.9

84.7%

Nippon Paint

Japan

Tokyo, Osaka

270.3

315.2

86.3%

Sherwin-Williams

USA

Ohio, California

250.1

290.2

87.9%

Kansai Paint

Japan

Kobe, Kochi

230.2

274.9

84.1%

Production Volumes & Year-over-Year Growth (2019-2024)

Producer

2019 (kt)

2020

2021

2022

2023

2024

Dow Inc.

495.3

520.2

545.6

570.1

595.3

620.2

Arkema

438.1

460.7

483.0

505.7

528.3

551.1

BASF SE

410.4

430.3

450.6

471.2

491.8

512.2

PPG Industries

355.1

373.3

391.5

409.8

428.1

446.8

Jotun

327.4

345.1

363.0

381.2

399.0

417.1

Hempel

295.3

310.6

326.0

341.9

358.0

374.1

JSI Tubes (JV)

274.9

289.4

304.2

318.6

333.3

348.2

Nippon Paint

255.5

269.2

283.1

297.1

311.8

326.3

Sherwin-Williams

235.5

248.3

260.9

273.9

287.3

300.4

Kansai Paint

215.7

227.4

239.3

251.2

263.3

275.5

Regional Production Trends & Investment Focus (2019-2024)

Region

Prod. 2019 (kt)

Prod. 2024 (kt)

Investment Focus

Notes

North America

1,800.3

2,070.5

VOC reduction, smart coatings

Growth driven by pipeline refurbishment

Europe

1,500.1

1,735.6

REACH compliance, bio-based resin R&D

Demand in Eastern Europe outpacing Western EU

Asia Pacific

2,900.3

3,540.4

Capacity additions in China, India

Largest regional producer

Middle East & Africa

600.3

705.9

Feedstock integration, local JV projects

Significant expansion in the UAE and Saudi Arabia

Latin America

450.1

523.8

Plant upgrades, new domestic supply lines

Local government incentives boost capacity

3. Japan Pipe Coating Chemical Market: Value of Shipment by Manufacturing Industry

Japan Pipe Coating Market: Value of Shipment by Manufacturing Industry (2018-2023)

Year

Shipment Value (USD Million)

Annual Growth Rate (%)

Key Sectors (Value USD Million)

2018

510.3

Oil & Gas (190.1), Construction (170.3), Water Infrastructure (149.9)

2019

550.2

+7.8

Oil & Gas (205.2), Construction (184.9), Water Infrastructure (160.1)

2020

500.1

-9.1

Oil & Gas (188.2), Construction (169.8), Water Infrastructure (142.1)

2021

610.6

+22.1

Oil & Gas (230.2), Construction (210.4), Water Infrastructure (170.0)

2022

680.7

+11.5

Oil & Gas (255.2), Construction (230.1), Water Infrastructure (195.4)

2023

730.5

+7.3

Oil & Gas (275.1), Construction (250.2), Water Infrastructure (205.2)

Japan Pipe Coating: Specialty Coating Export Trends (2018-2023)

Metric

2018 Value (USD Million)

2023 Value (USD Million)

High-Performance Pipe Coating Export

122.1

215.2

Exports to Asia-Pacific

139.8

244.9

Total Pipe Coating Exports

165.1

274.8

APAC Export Share (%)

68.9%

Impact of Domestic Policies on Japan Pipe Coating Market

Policy Initiative

Year(s)

Shipment Growth (%)

Impacted Sector(s)

Notes

Green Infrastructure Development Grant (MLIT)

2021-2023

+14.0

Water & Construction

Funds advanced coatings for municipal and urban piping systems

Low-Carbon Coating Technology Promotion (METI)

2020-2024

+12.6

Oil & Gas Pipelines

Promotes energy-saving pipe coating processes and material optimization

Smart Coating Innovation Program (NEDO)

2019-2023

+12.0

Industrial & Utility Infrastructure

Focuses on AI-driven corrosion protection and long-life coating R&D

Challenges

  • Raw material price volatility: Price instability in basic raw material commodities-epoxy resins, polyethylene, and polyurethane-proceeds as a huge uncertainty of cost for manufacturers. Depending upon their geopolitical scenario, international trade tariffs, or natural disasters, serve as the simplest triggers for disruptions in the supply chain. Such price volatility interferes with long-term business plans and adds production costs that contribute to the disadvantageous position of companies in passing the prices to competition. Consequently, volatility discourages market expansion by increasing the risk of decreased profit margins and delayed investments in innovation and capacity building.

  • Stringent environmental regulations and compliance costs: Stronger regulations, demanded by sustainability potentials like lower VOC emission limits and hazardous material levels, generate higher compliance costs for pipe coating manufacturers. These requirements ordinarily involve reformulation costs, testing costs, and extra processing steps. Small-sized players in the market particularly view these burdensome expenses as the very basis of market concentration. The costs related to compliance discourage product innovation and new product development, thereby slowing industry-wide expansion as well as uptake of new, cleaner coating technologies.


Pipe Coating Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2034

CAGR

5.5%

Base Year Market Size (2024)

USD 9.9 billion

Forecast Year Market Size (2034)

USD 16.8 billion

Regional Scope

  • North America (U.S. and Canada) 
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) 
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America) 
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa) 

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Pipe Coating Market Segmentation:

End use Segment Analysis

The oil & gas segment is expected to reach a market share of 44% by 2034. This is attributed to massive pipeline systems for natural gas, crude, and refined products around the world, with over 2.8 million miles of pipelines in operation within the United States alone, according to the U.S. Energy Information Administration (EIA). Older pipeline infrastructure requires routine maintenance and corrosion protection, and high-performance coating is required. Furthermore, regulations such as the Pipeline Safety, Regulatory Certainty, and Job Creation Act in the United States, and similar safety regulations from the European Chemicals Agency (ECHA), drive higher demands for high-performance coating materials that ensure maximum pipeline life and leak prevention.

Application Segment Analysis

The oil & gas pipelines segment is expected to lead with a 40% market share, since it signifies the extremely high importance of long-term coatings to avoid subsea and long-distance pipelines from mechanical damage and corrosion. Over 2.7 million miles of U.S. natural gas and hazardous liquid pipelines have been estimated by the Pipeline and Hazardous Materials Safety Administration (PHMSA) of the U.S. Department of Transportation, illustrating the sheer volume of infrastructure that needs protective coatings. Pipeline development around the globe, spanning geographies such as the Middle East and Asia-Pacific, still remains ongoing unabated, with pipeline development capital spending hitting over USD 120.2 billion during the year 2023 alone.

Our in-depth analysis of the pipe coating market includes the following segments: 

Segments

Subsegments

Coating type

  • Fusion Bonded Epoxy (FBE)
  • Polyethylene (PE)
  • Polyurethane (PU)
  • Coal Tar Enamel

Application

  • Oil & Gas Pipelines
  • Water & Wastewater Pipelines
  • Industrial Pipelines
  • HVAC Piping

Material type

  • Thermoplastic
  • Thermoset

End user

  • Oil & Gas
  • Construction
  • Water Treatment
  • Chemical Processing
  • Power Generation
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Pipe Coating Market - Regional Analysis

Asia Pacific Market Insights

The Asia Pacific pipe coating market is expected to dominate the world with a predicted 41% market share by 2034 at a robust CAGR of 7.9% during 2025-2034. This is driven by rapid industrialization, urban infrastructure growth spurts, and increased investments in oil & gas, water, and industrial pipeline schemes in major economies such as China, India, and Southeast Asia. This is also supported by the region's government, alongside growing environmental regulations fueling the application of newer, more environmentally friendly coatings like fusion-bonded epoxy and thermoplastic polyethylene, increasingly corrosion-resistant with longer lives. Furthermore, heightened focus on pipeline safety and integrity in energy and water infrastructure continues to propel demand for high-performance pipe coating in the Asia Pacific.

China is the Asia Pacific market leader in pipe coating material with over 48.3% of the region's revenues in 2024. Its leadership is led by high pipeline expenditure in oil & gas, chemical processing, and municipal water usage. Following the 14th Five-Year Plan, China focuses on green compliant coating material with minimal volatile organic compound (VOC) emissions, carbon neutrality, and pollution reduction, driving a shift to greener production methods. Domestic mass producers and multinational corporations have collectively spent more than USD 2.9 billion on R&D of newer pipe coating technology and industrial cluster capacity enhancements in Jiangsu and Guangdong. Moreover, China's Belt and Road Initiative continues to be a leading driver of pipe coating material exports to regional countries, establishing itself as a fundamental global pipeline protection solution provider.

India is the Asia Pacific region's second-largest pipe coating market, which is expected to hold roughly 22% of regional share by 2034 at a CAGR of 7.0% during 2025-2034. The growth of the country is fueled by rising oil & gas pipeline networks, urban city water infrastructure projects, and the developing chemical industry. Government programs such as the National Infrastructure Pipeline and Atmanirbhar Bharat are propelling investments and enhancements in pipeline coating technology to propel corrosion protection and lifespan. Government policy incentives towards safer and bio-based technologies also propel the industry towards innovation.  Indian manufacturers are committing more than USD 1.3 billion to manufacturing hubs and R&D activities in Maharashtra, Gujarat, and Tamil Nadu. Backed by favorable policies and a rise in domestic consumption, India is poised to play a vital role in driving the sustainable pipe coating market for the Asia Pacific.

Asia-Pacific Pipe Coating Market Country-Wise Analysis

Country

Growth Drivers

Average Pipe Coating Consumption per Capita (kg/year)

Import Dependency (%)

Australia

Oil & gas pipeline maintenance, construction, water systems

1.1

42%

China

Large-scale pipeline infrastructure, energy sector expansion

2.8

28%

India

Infrastructure upgrades, oil & gas pipeline projects

2.0

52%

Indonesia

Rising industrial pipelines, construction, water treatment

1.0

59%

Japan

Advanced protective coatings for utilities and industry

2.4

22%

Malaysia

Oil & gas sector, construction, water infrastructure

1.6

47%

South Korea

Industrial pipeline coatings, petrochemical plants

2.2

37%

Taiwan

Electronics industry pipelines, urban infrastructure

1.8

33%

Thailand

Energy projects, construction, and water infrastructure

1.7

51%

Vietnam

Export-driven industrial pipeline growth, infrastructure

1.2

60%

Rest of APAC

Emerging industrial markets, growing pipeline maintenance

0.8

66%

North America Market Insights

The North American pipe coating industry is expected to possess a significant 29% market share in the global market in 2034, growing at a consistent CAGR of 5.5% during 2025-2034. Growth is driven principally by oil & gas, water treatment, and process industry pipeline installation and refurbishment in the U.S. and Canada. More focus on pipeline reliability and corrosion protection, coupled with tighter environmental regulation, is stimulating demand for ever more sophisticated coatings such as polyethylene and fusion-bonded epoxy (FBE). Spending on new pipeline construction and rehabilitating existing ones is similarly stimulating demand for hard, durable coating technology that is part of pipeline system reliability and environmental sustainability.

The United States leads the North American pipe coating material market with over 75.5% revenue market share in 2024. With a huge pipeline system of over 2.9 million miles, the nation needs constant application of protective coatings to combat corrosion and mechanical wear. Regulatory agencies led by the Pipeline and Hazardous Materials Safety Administration (PHMSA) set rigorous safety standards, promoting the use of high-performance, eco-friendly coatings to prevent leaks and environmental hazards. Federal programs like the Bipartisan Infrastructure Law have invested over USD 110.2 billion in water infrastructure improvements, such as pipeline restoration and upkeep, thereby securing steady market demand. Research and Development spending on environmentally friendly low-VOC coatings with the support of the Department of Energy (DOE) also solidifies technology breakthroughs in the industry.

Canada is located strategically with regard to the North American market for pipe coating, holding a regional market share of approximately 25% by 2034, due to continuing pipeline expansion projects, the oil sands and natural gas industry, and the high-performance coating systems from safety and environmental regulations perspectives. Canadian regulators have stringent requirements on pipeline coatings, almost in parallel with the U.S. considerations, with regard to the deployment of green coating technology having low environmental burdens. Investments under the Government for clean energy and infrastructure renewal create high-performance pipe coatings, inducing growth at a CAGR of more than 4.9% till the forecast period.

Europe Market Insights

Europe is forecast to hold around an 18% share of the pipe coating market worldwide, growing at a moderate CAGR of around 5.1% from 2025 to 2034. The presence of strict regulatory frameworks focusing on environmental protection, pipeline safety, and emission reductions constitutes development in the region, with the main contributions being made by agencies such as ECHA and EEA. Increased investments in the modernization of oil and gas infrastructure, water management systems, and industrial pipeline networks in the leading economies of Germany, the UK, France, and the Nordics are, in turn, driving demand for advanced coatings that facilitate corrosion resistance and sustainability. In addition, the decarbonization and circular economy agendas of Europe augment the adoption of environment-friendly pipe coatings that embrace low VOC and higher recyclability.

Europe Pipe Coating Market Country-Wise Analysis

Country

Growth Drivers

Average Pipe Coating Price (USD/kg)

% Eco-Friendly / Advanced Coatings in Market

Germany

Industrial pipelines, automotive, specialty coatings

8.0

24.0%

France

Oil & gas infrastructure, construction, water pipelines

7.5

20.0%

UK

Energy sector pipelines, infrastructure upgrades

7.2

21.5%

Italy

Construction, automotive, corrosion-resistant coatings

6.9

17.5%

Netherlands

Marine coatings, packaging pipelines, and green building systems

7.4

22.5%

Belgium

Industrial pipeline coatings, eco-compliance focus

7.0

20.2%

Sweden

Housing, energy pipelines, and sustainable coating adoption

7.8

25.0%

Switzerland

Pharma, high-tech industrial coatings

8.2

27.0%

Poland

Construction, industrial pipelines, and automotive sectors

6.6

15.5%

Spain

Consumer goods pipelines, construction coatings

6.8

16.2%

Rest of Europe

Emerging markets, growing demand for durable coatings

6.3

13.0%

Pipe Coating Market Share
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Key Pipe Coating Market Players:

    The global pipe coating market is highly competitive and fragmented, with players investing in innovation, sustainability, and regional expansion to grow their market shares. Companies like Sherwin-Williams and PPG have been pushing the higher end of the R&D spectrum-with efforts channeled into the design of environmentally friendly coatings that do well against the growing environmental regulations. On the European side, companies such as AkzoNobel and Hempel put core focus on sustainability as well as digitalization, thereby improving operational efficiencies. Japanese giants like Kansai Paint and Nippon Paint strategize on stronger partner relations and higher chemical developments to aid their global reach. Meanwhile, Indian and Malaysian producers are fast at expanding capacity to catch up with growing domestic and regional demands. The current competitive trend, therefore, is marked by strategic mergers and acquisitions, capacity expansions, and product development for green coatings.

    Top Global Pipe Coating Manufacturers with Their Market Share Estimates and Country of Origin:

    Company Name

    Country

    Approximate Market Share (%)

    Sherwin-Williams Company

    USA

    8.6%

    PPG Industries, Inc.

    USA

    7.3%

    Jotun Group

    Norway (Europe)

    6.9%

    AkzoNobel N.V.

    Netherlands (Europe)

    6.1%

    Hempel A/S

    Denmark (Europe)

    5.6%

    Kansai Paint Co., Ltd.

    Japan

    5.2%

    Nippon Paint Holdings Co., Ltd.

    Japan

    xx%

    RPM International Inc.

    USA

    xx%

    Asian Paints Ltd.

    India

    xx%

    Jotun Malaysia Sdn Bhd

    Malaysia

    xx%

    Chugoku Marine Paints, Ltd.

    Japan

    xx%

    SK Holdings Co., Ltd.

    South Korea

    xx%

    Valspar Corporation (a subsidiary of Sherwin-Williams)

    USA

    xx%

    DuluxGroup Limited

    Australia

    xx%

    Here are a few areas of focus covered in the competitive landscape of the market: 

    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 

Recent Developments

  • In June 2025, Sherwin-Williams announced the expansion of its pipe coating manufacturing facility in Texas, with a USD 180 million investment to increase production capacity by 25%. The upgrade targets eco-friendly fusion-bonded epoxy (FBE) coatings designed to meet new EPA low-VOC emission regulations across North America.
  • In April 2025, AkzoNobel revealed a strategic partnership with a European pipeline operator to pilot advanced multi-layer polyethylene coatings, aiming to improve corrosion resistance and pipeline longevity. The initiative is expected to reduce maintenance costs by 18% over five years, supporting the EU’s environmental sustainability targets.
  • Report ID: 7972
  • Published Date: Jul 31, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

The pipe coating market was valued at USD 9.9 billion in 2024 and is projected to reach USD 16.8 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2025 to 2034.

The market is expected to expand steadily due to increasing investments in oil & gas, water, and industrial pipeline infrastructure, alongside rising demand for corrosion-resistant, eco-friendly coatings driven by stringent environmental regulations worldwide.

Asia Pacific leads the market, accounting for approximately 41% of the global market share by 2034, supported by rapid industrialization, infrastructure development, and growth in end-use sectors like oil & gas, water utilities, and construction.

Key manufacturers include Sherwin-Williams Company (USA), PPG Industries, Inc. (USA), Jotun Group (Norway), AkzoNobel N.V. (Netherlands), Kansai Paint Co., Ltd. (Japan), and Nippon Paint Holdings Co., Ltd. (Japan).

The fusion-bonded epoxy (FBE) coatings segment dominates the market revenue share, owing to its superior corrosion resistance and wide application in oil & gas and water pipeline infrastructure.
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