The global pipe coatings market is anticipated to grow at a CAGR of around 5% during the forecast period (2024-2031). The rising mergers and acquisitions among major players of the global pipe coatings industry is the key factor driving the growth of the market. The market players are focusing on expanding their business operations globally with acquisitions of the companies operating in the global market in order to serve better services and products to their potential customers. For instance, in May 2021, PPG Industries Inc. completed the acquisition of global coatings manufacturer Wörwag.
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The company Wörwag has a strong specialization in developing sustainable liquid, powder, and film coatings for industrial and automotive applications along with an operating position in Germany, the US, China, South Africa, Mexico, Spain, Switzerland, and Poland. Through this acquisition, both the companies as combined would serve their customers in a new way and contribute to developing an industry-leading automotive coatings portfolio.
In June 2021, RPM International Inc. announced that its subsidiary Carboline subsidiary has acquired Dudick Inc. The Dudick Inc. is a provider of high-performance coatings, flooring systems, and tank linings. The company has a manufacturing relationship in Taiwan and South Korea, and its products are being distributed globally. The acquisition of the Dudick business would assist Carboline to strengthen its standing in the secondary containment linings market. Besides, in the same month, Hempel has acquired a unique ground-breaking coatings technology developed by Das Lack Enertherm (DLE). The technology will assist Hempel to develop and launch coating products with insulating properties within the next year.
Moreover, in January 2019, the Coatings division of BASF SE acquired the automotive paint detackification business of Polymer Ventures, Inc., including all of its shares of Galaxy Chemical Corp. Similarly, in 2019, PPG completed the acquisition of automotive coatings manufacturer Hemmelrath, which helped the company to strengthen its position in the automotive coatings market.
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Market Coverage
- Segment Covered-
o Material Type
o End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- CompetitiveLandscape-Sherwin-Williams Co., Akzo Nobel N. V., Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc.,Shawcor Ltd., and Wasco Energy Group of Co.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pipe Coatings Market Report Segment
By Material Type
- Thermoplastics
- Fusion Bonded Epoxy
- Concrete Coatings
- Bituminous Coatings
- Others
By End-User Industry
- Non-Residential (Industrial& Commercial)
- Residential
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