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Industrial Liquid Coatings Market to witness substantial gains over 2019-2025, surging demand from oil & gas industry

Author : Ronak Bora | Published Date : 2019-08-08 

Growth in oil & gas industry around the world is a major factor prompting the growth of industrial liquid coatings market positively in coming years. The product is extensively used on oil & gas pipelines and equipment involved in exploration and drilling activities. It provides them resistance from corrosion, harmful oils, gases, acids, extreme weather conditions, etc. Rising crude oil prices along with advent of cost effective drilling & exploration techniques has given boost to the upstream and midstream sectors across the globe. New administrations of developed economies such as the U.S. are focusing on expanding their oil & gas industry to become energy self-sufficient. It is also expected that the North America region will add highest pipeline length of around 60 thousand kilometers by 2021. This will subsequently propel product market demand over the forecast timespan.

Growth in general industrial sector across Asia Pacific will augment the demand for industrial liquid coatings market in near future. The product is used in coating different equipment and components in end-user industries including food & beverage, electronics, petrochemical & refineries, pharmaceutical and general manufacturing. Legislative amendments done by emerging economies to boost manufacturing sector along with easy availability of skilled labor at low cost are the prime reasons that Asia Pacific is now a manufacturing hub and contributes about 40% of world's output. Rising demand for commodities and ease of raw material availability made the region a preferred choice of various global players driving the industrial liquid coatings market demand in positive manner over the forecast time spell.

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North America industrial liquid coatings market will experience a CAGR of over 6.5% from 2018 to 2025 due to the presence of extensive general industrial sector in the region. Also, the region has the largest network of oil & gas transmission pipelines combining both U.S. and Canada. Upliftment of ban on U.S. for crude oil export results in expansion of pipeline network in region, driving the growth of product market positively in coming years.

Polyester is one of the most widely used resins for industrial coatings. Polyester encompasses a superior chemical bond and is ideally temperature resistance to most materials. That said, the resin is also endowed with some other properties – polyester is known to abrasion resistant and provides prolonged corrosion protection. Both the aforementioned characteristics make polyester-based coatings ideal to be used in the marine sector and various other industrial applications, thereby augmenting the commercial landscape of polyester-based industrial liquid coatings market.

Epoxy is another type of resin that is very widely used in coating production. The principal factors responsible for the deployment of epoxy are its excellent properties – the material is tough, enables quick drying, has a protective nature, and is endowed with other mechanical properties as well. Driven by its highly favorable characteristics and its subsequent benefits in coatings, epoxy manufacturing is generally undertaken on a large scale. As per the AMEC Environment and Infrastructure UK (AMEC) reports, a total of 259,000 tons of epoxy resin was manufactured in 2013, in plants located in Germany, Spain, Netherlands, Poland, and Switzerland.

Browse key industry insights spread across 370 pages with 387 market data tables & 24 figures & charts from the report, “Industrial Liquid Coatings Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/industrial-liquid-coatings-market

One of the vital factors that may possibly restrain the growth of industrial liquid coatings market is the  adverse impact on human health caused due to the release of fumes from volatile organic compounds (VOC). As per the United States Environmental Protection Agency’s Total Exposure Assessment Methodology (TEAM) study, people exposed to VOCs experience conjunctival irritation, throat and nose discomfort, allergic skin reaction, headache, nausea, fatigue and dizziness.

The market is highly fragmented with the presence of small, medium and large players across the globe. Some of the major industrial liquid coatings market players include RPM International Inc., Axalta Coatings Systems, Baril Coatings, Akzo Nobel, Hempel and Nippon Paints.

Glimpse of Table of Content (ToC)

Chapter 4. Industrial Liquid Coatings Market, By Resin

4.1.  Global industrial liquid coatings market resin insights

4.2.  Polyester

4.2.1. Market estimates and forecast, 2014 - 2025

4.2.2. Market estimates and forecast, by region, 2014 - 2025

4.3.  Epoxy

4.3.1. Market estimates and forecast, 2014 - 2025

4.3.2. Market estimates and forecast, by region, 2014 - 2025

4.4.  Polyurethane

4.4.1. Market estimates and forecast, 2014 - 2025

4.4.2. Market estimates and forecast, by region, 2014 - 2025

4.5.  Acrylic

4.5.1. Market estimates and forecast, 2014 - 2025

4.5.2. Market estimates and forecast, by region, 2014 - 2025

4.6.  Others

4.6.1. Market estimates and forecast, 2014 - 2025

4.6.2. Market estimates and forecast, by region, 2014 - 2025

Chapter 5. Industrial Liquid Coatings Market, Product By Application

5.1.  Global industrial liquid coatings market product insights

5.2.  Liquid top coats

5.2.1. Market estimates and forecast, by application, 2014 – 2025

·          Agriculture & heavy equipment

·          Oil & gas pipelines

·          Metal structures

·          Water & waste water pipelines

·          General industry

·          Others

5.2.2. Market estimates and forecast, by region, 2014 - 2025

5.3.  Liquid primers

5.3.1. Market estimates and forecast, by application, 2014 – 2025

·          Agriculture & heavy equipment

·          Oil & gas pipelines

·          Metal structures

·          Water & waste water pipelines

·          General industry

·          Others

5.3.2. Market estimates and forecast, by region, 2014 - 2025

5.4.  Metal conditioners

5.4.1. Market estimates and forecast, by application, 2014 – 2025

·          Agriculture & heavy equipment

·          Oil & gas pipelines

·          Metal structures

·          Water & waste water pipelines

·          General industry

·          Others

5.4.2. Market estimates and forecast, by region, 2014 - 2025

5.5.  E-coats

5.5.1. Market estimates and forecast, by application, 2014 – 2025

·          Agriculture & heavy equipment

·          Oil & gas pipelines

·          Metal structures

·          Water & waste water pipelines

·          General industry

·          Others

5.5.2. Market estimates and forecast, by region, 2014 - 2025

5.6.  Others

5.6.1. Market estimates and forecast, by application, 2014 – 2025

·          Agriculture & heavy equipment

·          Oil & gas pipelines

·          Metal structures

·          Water & waste water pipelines

·          General industry

·          Others

5.6.2. Market estimates and forecast, by region, 2014 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-liquid-coatings-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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