Steel Pipe Coatings Market: Latest Trends, Demand and Analysis 2018-2028

The oil and natural gas industry are recovering from the slump that caused a decline in the prices of fuel in the recent past. The resurgence of the industry coupled with increased consumer demand for energy is fuelling the utilization of fuel pipes in the industry. In addition to these factors, the U.S. is planning to accelerate drilling on and offshore to reduce dependency on foreign countries for oil and consolidate its position as an oil importer in the market. U.S’s ambitions are further boosted by the increasing demand for natural gas in Europe, which is eyeing imports from the U.S. to meet the demands of the population.

Steel pipe coatings are essential to improve the corrosion withstanding ability of pipes and ensure their durability. A steady rise in the drilling activities in North America and around the world combined with the growing demand for transportation of crude oil as well as the products obtained from processing it is estimated to lay the platform for growth of the steel pipe coatings market. Moreover, growing investments to repair the already existing pipe framework is anticipated to augment to the cause.

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Increased Concentration of Metals in Drinking Water Driving Demand for Safe Steel Pipe Coatings

Recent studies have attributed the growing concentration of metals such as lead, nickel, and cadmium to the pipes transporting drinking water to households. Long-term exposure to these metals can cause a plethora of serious health problems such as anemia, kidney damage, lung damage, and even brain damage. Presence of metals in the inner steel pipe coatings and corrosion are some of the potential causes that are being considered as the major contributors towards drinking water contamination.

While steel pipe coatings are essential to prevent corrosion and leaks in pipelines, regulatory authorities around the world are ensuring that the quality of water does not get negatively impacted due to the use of certain coating chemicals. Steel pipe coating manufacturers are looking to devise alternatives that can replace the potentially hazardous coatings used currently while exhibiting exceptional tolerance to corrosion and other environmental conditions.

Innovative Solutions and Technologies to Boost Coating Performance and Efficiency

The main objective of coating steel pipes with chemicals is to promote corrosion resistance, boosts imperviousness to water and air, increase immunity to pH variations, and ensure chemical and physical stability under varying temperatures. Widespread researches to evaluate coatings for their corrosion resistance and other protective properties while in use is gradually changing the coatings manufacturing landscape.

Further, the development of innovative technologies to assess the damage to coatings in old pipelines and evaluation of the quantity of coating material required to restore it back to its original state is further pioneering the research in the area. Manufacturers are looking to leverage these techniques to produce efficient coatings while cutting down on the wastage of products.