DUBLIN–(BUSINESS WIRE)–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:
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
For more information visit http://www.researchandmarkets.com/research/xk6czv/pipe_coating