The global steel pipe coating market is worth circa EUR 5 billion, according to a study by Applied Market Information Ltd. (AMI). The report notes that while the pipe coating industry was affected by the recession, the magnitude varied broadly from region to region and even among countries in the same region.
In Asia volumes continued to grow driven primarily by sustained activity in China. In all other regions, demand dropped, especially in the second half of 2009. In 2010, the Asian growth resumed its pace while in Europe, NAFTA and South America the effects of the crisis still linger.
From 2010-2013 volumes are expected to grow by nearly 30%. While Asia, South America and the CIS will experience the fastest growth, other regional markets (including Europe and NAFTA) are likely to expand. The report identifies the sustained demand for oil and gas, the geographic changes affecting energy supply and demand, the proportionally higher demand for gas and the increased complexity of coatings as the main growth drivers for the expected growth.
The report covers the global market for anti-corrosion, flow efficiency, thermal insulation and concrete coatings as well as the raw materials market for these types of coating. For information contact Noru Tsalic at email@example.com.