Pipe Coating Market - Global Forecasts to 2020 - Projected to Reach USD 11.63 Billion by 2020 - Research and Markets
Research and Markets (http://www.researchandmarkets.com/research/xk6czv/pipe_coating)
has announced the addition of the "Pipe
Coating Market - Global Forecasts to 2020" report to their
offering.
The global pipe coatings market is projected to be USD 11.63 Billion by
2020, registering a CAGR of 4.5% between 2015 and 2020.
The increasing infrastructure development activities in Asia-Pacific,
rise in shale gas developments in North America, and continuous new
product launches and joint ventures & collaborations undertaken by
different companies are the key factors for the growth of the global
pipe coatings market.
North America being the largest market for pipe coatings is expected to
witness a moderate growth rate between 2015 and 2020. In North America,
the demand for pipe coatings has grown due to increase in pipeline
construction activities in the region.
Abundance of shale oil & gas reserves in the country, upsurge in
production from shale operations, and deep-water exploration &
production activities in the Gulf of Mexico are some of the major
factors influencing the demand of pipe coatings in the region. Oil & gas
is the leading end-use industry in the region performing significantly
in the pipe coatings market with growth in developing unconventional
reserves and exploration & production activities in the region.
Though the pipe coatings market is gaining importance in different
end-use industries, few factors act as a bottleneck toward its growth.
The oversupply of crude oil reducing current demand for new rigs is the
major restraint for the growth of pipe coatings market. The number of
active crude oil rigs has dropped significantly in the past few years.
As oil & gas is one of the major end-use industries of pipe coatings,
stagnancy in this industry is subsequently lowering the demand for pipe
coatings.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pipe Coatings Market, By Type
8 Pipe Coatings Market, By End-Use Industry
9 Pipe Coatings Market, By Region
10 Competitive Landscape
11 Company Profiles
Companies Mentioned:
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Akzonobel N.V.
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Arkema S.A
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BASF SE
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Celanese Corporation
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Covestro AG
-
E.I. Dupont De Nemours & Co.
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Lyondellbasell Industries Holdings B.V.
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Tenaris
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The DOW Chemical Company
-
Wasco Energy Group of Companies
For more information visit http://www.researchandmarkets.com/research/xk6czv/pipe_coating
View source version on businesswire.com: http://www.businesswire.com/news/home/20160316005707/en/
Copyright Business Wire 2016
Source: Business Wire
(March 16, 2016 - 8:09 AM EDT)
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