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Pipe Lining & Coating Service Market Report Overview
The global pipe lining & coating service market size is expanded rapidly in 2021, as per our research, the market is expected to generate substantial revenue with USD million by 2031, with a robust % of CAGR during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the pipe lining & coating service market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Pipelining and coating are two different processes that are used to protect pipelines from corrosion and other forms of damage. In pipe lining, a protective coating is applied to the inside of a pipeline to prevent corrosion and other forms of damage. Whereas, in pipe coating, a protective coating is applied to the outside of a pipeline to prevent corrosion, abrasion, and another type of damage.
The market is expected to grow at a very fast pace during the forecast period driven by its widespread use across industries including oil and gas, chemicals, power generation, and water treatment. In addition, the market is fragmented by type, by application, and geographical expansion of the market. Based on the type of service, surface preparation is the biggest segment in the market. Along with this, large enterprises and SMEs are the huge application sectors that accounted for a significant share of the market which is attributed to expand the demand for the pipe lining & coating service. Also, it will contribute to the growth of the market during the projection timeframe.
COVID-19 Impact: Pandemic Caused Disruptions in the Supply and Logistics of the Service
The COVID-19 pandemic has caused disruptions in the supply chain and logistics of the pipe lining & coating service market. Restrictions on the movement of people and goods have caused delays in the delivery of equipment and materials needed for pipe lining and coating projects. This has led to project delays and increased costs for contractors. As a result, the growth of the market slowed down during the health crisis. However, the market has been recovering since 2022 and it is predicted to continue to grow in the coming years.
Latest Trends
"Trend of Trenchless Pipe Rehabilitation and Epoxy Coating Adoption Enlarge Market Size"
Pipelining & coating service market is an industry that has seen exponential development in the last few years which has led to a whole new trend in the market. The demand for trenchless pipe rehabilitation and the adoption of epoxy coatings has become a new trend in the market which is attributed to the demand for the service. Additionally, the growing construction, industrialization, and urbanization have augmented the demand for pipe lining and coating services in the market. Also, the growing number of companies in this market are providing exceptional service which is attracting new clients and customers. In August 2021, PPG has introduced PPG HI-TEMP 1027 HD, an ambient-cure coating engineered for corrosion-under-insulation (CUI) challenges. The material provides excellent corrosion protection for pipes, vessels, and construction parts.
Pipe Lining & Coating Service Market Segmentation
- By Type Analysis
According to type, the market can be bifurcated into Surface Preparation and Pipe Lining.
- By Application Analysis
Based on application, the market can be divided into Large Enterprises and Small and Medium-sized Enterprises (SMEs).
Driving Factors
"Increasing Need for Rehabilitation or Replacement of Pipelining to Drive Market Growth"
There are two major driving factors behind the proliferation of the market such as aging infrastructure in many countries. As pipes and other infrastructure reach the end of their useful life, there is an increasing need for rehabilitation or replacement which boosts the demand for pipe lining and coating services. Besides, one of the other factors is a cost-effective solution. Pipelining and coating services are a cost-effective alternative to pipe replacement, particularly in cases where excavation and pipe replacement would be expensive or disruptive. This has made them an attractive option for infrastructure owners and municipalities. Thus, such factors are driving the growth of the pipe lining & coating service market during the forecast period.
"Growing Demand for Energy in Developing Nations Enhance the Demand for Service"
Furthermore, some other factors are also contributing to the pipe lining & coating market growth including the growing demand for energy which continues to grow worldwide, particularly in emerging economies. Thus, this is increasing the demand for oil and gas pipelines and other infrastructure, which in turn is aiding the demand for pipe lining and coating service and it will continue to grow in the future as well.
Restraining Factors
"The Market Can be Restricted by High Initial Investment & Limited Availability of Skilled Labour"
Along with driving factors, there are certain restraining factors that can be a barrier to the growth of the market, for instance, high initial investment, as implementing a pipe lining and coating service requires high capital expenditure which can be a significant restraint for small and medium-sized enterprises. As well as, the limited availability of skilled labour that required to have skills for the service. As a result, this can be a bottleneck that may confine the market expansion.
Pipe Lining & Coating Service Market Regional Insights
"Asia Pacific is Dominating the Region with Rising Demand for Oil & Gas, Mining, and Chemical"
According to a study, the Asia-Pacific region is dominating the market due to the existence of a large number of developing countries in the region which has demand for oil and gas, mining, chemical, water, wastewater, and agriculture where pipelining is required. Therefore, such industries are sprouting and directly fueling the demand for pipe lining and coating services. In terms of market revenue, significant pipe lining & coating service market shares are bear by the Asia Pacific region. Particularly, Chine is generating the largest demand and supply in this service sector which has led the region to be dominated during the forecast period.
Key Industry Players
"Key Companies Collaborate with Small and Medium Enterprises to Expand Service Network"
The prominent players in the market are indulging the highest profit and accounting for a substantial market share. On the other hand, newcomers are batting with the existing competitors in the market. They focus on market acquisition, mergers, and collaboration with small and medium enterprises to enhance service networks. Some of the key companies such as Valmont Industries (VMI), Columbia Specialty Co., Inc., PK Companies, Whitman Co., Inc., Advanced Prep-Coat, Inc., Browns Hill Sand, Lambert Jones Rubber Co., OPC Liquid Coating Co., Abbey Metal Services, Inc., and others are stimulating the market with their marketing strategies, capital expenditure and so on. Consequently, the key players influence the market and will aid in the growth rate of the market in 2023.
List of Market Players Profiled
- Valmont Industries (VMI)
- Columbia Specialty Co., Inc.
- PK Companies
- Whitman Co., Inc.
- Advanced Prep-Coat, Inc.
- Browns Hill Sand
- Lambert Jones Rubber Co.
- OPC Liquid Coating Co.
- Abbey Metal Services, Inc.
- Our Powder Coating
- Great Lakes Maintenance Co., Inc.
- Allied Powder Coating, Inc.
- PEP, A Ryan Herco Flow Solutions Company
- Blastco Industrial Services Group
- Precision Industrial Coatings, Inc.
Report Coverage
This report defines the pipe lining & coating service market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
Frequently Asked Questions
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What are the key driving factors of the global pipe lining & coating service market?
The growing need for rehabilitation or replacement, cost-effective alternatives to pipe replacement, and growing demand for energy in developing countries are the driving factors in the pipe lining & coating service market
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What is the leading region in the pipe lining & coating service market?
Asia Pacific dominates the pipe lining & coating service market with a rising number of applications E.g., oil & gas, mining, chemical, water, and other sectors in the region.
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What are the key players in the pipe lining & coating service market?
Valmont Industries (VMI), Columbia Specialty Co., Inc., PK Companies, Whitman Co., Inc., Advanced Prep-Coat, Inc., Browns Hill Sand, Lambert Jones Rubber Co., OPC Liquid Coating Co., Abbey Metal Services, Inc., Our Powder Coating, Great Lakes Maintenance Co., Inc., Allied Powder Coating, Inc., PEP, A Ryan Herco Flow Solutions Company, Blastco Industrial Services Group, and Precision Industrial Coatings, Inc. are top players in the pipe lining & coating service market.