Top 5 Vendors in the Global Pipe Coating Market from 2017 to 2021: Technavio

LONDON–(BUSINESS WIRE)–#Coatings—Technavio
has announced the top five leading vendors in their recent global
pipe coating market 2017-2021 report. This market research
report also lists 12 other prominent vendors that are expected to impact
the market during the forecast period.

Competitive vendor landscape

According to the research analysis, the global
pipe coating market is fragmented by the presence of several
vendors. Although, the market is dominated by global vendors many
regional vendors are also present in the market, especially in the
developing regions of APAC. Growing industrialization in developing
regions has spurred the entry and growth of domestic vendors.

“The prominent players in the market are keenly focusing on M&As to
shield themselves from the threat of rivalry. The competitive
environment in the market will further intensify over the next five
years with the increase in product extensions in terms of innovation in
technology. Successful and long-term incumbency can be achieved with
optimized production that generates economies of scale through
penetration into multi-regional markets,” says Hitesh Bhatia, lead paints,
coatings, and pigments analyst from Technavio.

The global pipe coating market is witnessing high growth in developing
economies such as India, China, Brazil, Russia, and Indonesia. Many OEMs
of pipe coatings are shifting their manufacturing operations to these
countries, due to the availability of land, inexpensive labor, low
transportation costs, and lenient government regulations.

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Technavio market research analysts identify the following key
vendors:

Akzo Nobel

Akzo Nobel is one of the major manufacturers and suppliers of specialty
chemicals, paints, and performance coatings worldwide. The company
serves customers from the transportation, consumer goods, building and
infrastructure, and industrial sectors. It provides several types of
internal and external coatings for various applications such as oil and
gas, water, and sewage. Resicoat PI is an epoxy-based powder coating
commonly used at elevated temperatures and pressures in drill pipe and
production tubing.

BASF

BASF provides chemicals, performance and crop protection products,
plastics, and oil and gas. It serves diversified industries such as
paper, furniture, automotive, and others. It produces different pipe
coatings based on the different applications. ELASTOCOAT AC is a
protective pipe coating product line for the water transmission industry.

Celanese

Celanese offers specialty chemicals, thermoplastic polymers, value-added
chemicals, and other chemical-based products. It provides a wide range
of pipe coatings for different applications in the oil and gas and
chemicals industries. It provides Celanex thermoplastic polyester (PBT)
for pipe coatings, which has rigidity, high strength and toughness, and
resistance to a wide range of chemicals, solvents, oils, and greases.

LyondellBasell Industries Holdings

LyondellBasell Industries Holdings is primarily involved in plastics
manufacturing, chemical manufacturing, and refining manufacturing. The
company offers a broad range of pipe coating products for onshore and
offshore applications. It provides products such as Lupolen 4552D black
and Lucalen G3710E in the polyethylene pipe coating segment.

The Dow Chemical Company

The company offers solutions for clean water, increased agricultural
productivity, and clean energy generation and conservation. The company
provides a wide range of pipe coatings for different applications such
as oil and gas, industrial, chemical, and sewage applications. The OUDRA
solution series offers enhanced FBE pipe coating for damage resistance.

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