Pipe Coating Market to Register 4.5% CAGR by 2021 Mar 2016 | Page 2

Pipe Coating Market: Global Forecast to 2021 “The increasing demand from industrial and chemical processing end-use industries and high economic growth in the Asia-Pacific countries is driving the pipe coatings market” The market size for pipe coatings is projected to reach USD 11.63 billion by 2020, registering a CAGR of 4.5% between 2015 and 2020. Increasing demand from end-use industries such as industrial and chemical processing is the major driver for the pipe coatings market. Further, growing sewage industry in developing countries is expected to drive the pipe coatings market. “Industrial and chemical processing are the fastest-growing end-use industries of pipe coatings” Industrial and chemical processing are the largest end-use industries of pipe coatings. As pipe coatings are characterized by flexibility, toughness, and high abrasion resistance, they protect the pipes from corrosion and increase their durability. Industrial segment is another fastest-growing end-use industry of pipe coatings for civil infrastructure, energy, sewage, and mining industries, globally. www.marketreportshub.com / Mail Us: [email protected]