Fusion Bonded Epoxy Coatings Market - Forecast(2022 - 2027)

Report Code: CMR 75032 Report Format: PDF + Excel
Fusion Bonded Epoxy Coatings Market size is forecast to reach $12.5 million by 2025, after growing at a CAGR of 6.8% during 2020-2025. Fusion bonded epoxy coating, referred as FBE coating provides UV protection, excellent resistance to cathodic disbandment& protection from harsh weather conditions for the designed lifespan due to which it is increasingly used in construction industry. With increase in use of pipes in oil and petrochemical refineries owing to its property such as good chemical resistance under various installation conditions, will propel the demand of fusion bonded epoxy coatings industry in the forecast period.

Report Coverage
The: “Fusion Bonded Epoxy Coatings Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fusion Bonded Epoxy Coatings Market.

By Surface Type: Internal Surface Coatings and External Surface Coatings
By End Use Industry: Oil & Gas, Water Pipelines, Marine Industry, Chemical Processing, Infrastructure and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, South America and Others

Key Takeaways
  • Fusion Bonded Epoxy coating has strong resistance to mechanical effects which increases the life expectancy of steel pipes and ensures a constant performance throughout its life span.
  • Epoxy-based polymers such as Fusion Bonded Epoxy are commonly used in gas and oil pipelines due to their high chemical resistance, low chloride ion permeability, good mechanical strength, solid steel adhesion and ideal handling characteristics, resulting in better corrosion safety and pipeline working life.
  • Manufacturing and Construction Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation this factor restricts the growth of the fusion bonded epoxy coatings market.
  • Increasing use of Roto-Lining as an alternative to Fusion Bonded Epoxy coating can hinder the growth of Fusion Bonded Epoxy Coatings Market in the forecast period.

Surface Type- Segment Analysis
External insulation prevents the pipes from degradation caused by dirt and other backfill materials. The main protection against exterior corrosion is outer coatings. Pipeline is installed using line pipe and is usually factory-coated before shipping to the construction site. External protective coatings are necessary because presence of water and oxygen in the environment can cause corrosion in case, if there is no coating protection. External coatings act as a barrier against corrosion factors such as oxygen, water, salt, sunlight, or bacteria on the external surface of the pipes. The external corrosion safety is important for a pipeline's service life and reduced running costs. Factors such as environmental conditions, situation of the buried media, and operation temperature are considered for the selection of appropriate coating system.

End Use Industry- Segment Analysis
Oil & Gas industry in Fusion Bonded Epoxy coating is projected to grow at a CAGR of 7.3% during forecast period 2020-2025. Pipes with fusion-bonded epoxy (FBE) coatings in the oil and gas industry demonstrate outstanding chemical resilience in extreme conditions including petrochemicals, solvents, and corrosive gases. In sectors like power generation, manufacturing, transport and industrial business demand for oil and gas is raising due to the growing population of developed countries and the vigorous economic growth. Pipelines used for oil transportation are made of steel which has benefits such as fairly low cost, high capacity, short construction times, safe and environmentally sustainable application and suitability for all geographic locations. High strength low-alloy (HSLA) steels have been extensively used in the petroleum industry for crude oil pipeline transportation. Besides this, these coatings often provide greater dimensional stability (i.e.) reduced hysteresis.

Geography- Segment Analysis
Asia Pacific held the largest share with 43.5% in 2019 in Fusion Bonded Epoxy Coating Market due to increase in construction activity in China. In terms of GDP, China has the largest economy in Asia-Pacific. The Infrastructure segment in China is rapidly increasing due to use of fusion bonded epoxy coating in applications such as valves, pumps, saddle fittings, pipe fittings, manifolds, waste aerators, tanks and drain hangars. According to the National Development and Reform Commission (NDRC), in 2018, 27 infrastructure project was approved, totaling USD 219.43 billion. According to Organization of the Petroleum Exporting Countries (OPEC), the gas consumption of China is around 43Billion Cubic Meters. China's government aims to raise the consumption of natural gas by 2020 to around 10 per cent of its overall energy mix. Natural gas usage reportedly stands at about 6 per cent. By 2023, the market for oil will be about 104.7 mb / d, from 6.9 mb / d in 2018. Together, countries such as China and India are estimated to contribute about 50% of global oil demand.

Drivers –Fusion Bonded Epoxy Coatings Market

  • Increase in Infrastructure and Industrialization
Fusion bond epoxy coating is an epoxy-based powder coating that is widely used to protect steel pipe used in pipeline construction. With increase in industrialization there has been a growth in fusion bond epoxy coating industry. Steel pipes are extremely versatile; hence these are used in many industries, from gas to sewage. Steel pipe is durable, corrosion resistant, and cost-effective. Steel pipes are the way go-to for many construction companies because they are malleable and sturdy, at the same time. When the soil is too weak, epoxy-based powder coating steel pipe is used as construction piling to support the weight of heavy buildings. In addition, epoxy-based powder coating steel pipe is also used in ships, where there is, oil refineries and even in space stations. Epoxy-based powder coating pipe is suitable on land as well as over under water construction.

  • Increasing use of pipelines in Oil & Gas Industry 
Oil & gas generated along with refined goods is ideally transported between sites with the use of pipeline. The key factors responsible for driving this market's growth include the rise in energy demand worldwide, the rise in deep water operations and the increase in the export of chemical products worldwide. The pipeline industry accounts for around 40% offshore activities. Moreover, increase in offshore activity, such as deep-water and ultra-deep-water production and development is anticipated to boost the oil & gas pipeline industry. Also, rise in oil and petrochemical refineries will raise demand for Fusion Bonded Epoxy coatings and hence boost the market.

Challenges –Fusion Bonded Epoxy Coatings Market

  • Growing demand of Roto-Lining
The ability to coat complicated geometric parts with much greater thickness by using a wider range of coating material provides a significant advantage toroto-lining over fusion-bonded epoxy coatings. Both Fusion Bonded Epoxy and roto-lining have smooth waterproof insulation, but since roto-lining works longer in a much broader variety of working environments, roto-lining is more preferable. Roto-lining coating last three times longer, in the same working environment than Fusion Bonded Epoxy hence, roto-lining is the clear favorite for lifetime cost. Additionally, the use of roto-lined section minimizes possible health and environmental hazards associated with a liner breakdown.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Fusion Bonded Epoxy Coatings Market. In 2020, the market of Fusion Bonded Epoxy Coatings Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Fusion Bonded Epoxy Coatings Market are 3M, Akzonobel N V, Arkema, Axalta Coating System Ltd, Basf Se, Jindal Group, Yulong Tyhoo, PPG Industry, PSL Limited, Sigma Corporation, Solepoxy, Inc., among others.

Acquisitions/Technology Launches
  • In December 2016, Yulong TYHOO Pipe Coating Co., Ltd (hereinafter Yulong Tyhoo), a Tyhoo Group subsidiary and China's large-diameter first pipe internal primed FBE coating production line, successfully passed Shell's Qualification Test for internal primed FBE coating and became a certified Shell supplier.

1. Fusion Bonded Epoxy Coatings Market- Market Overview
    1.1 Definitions and Scope
2. Fusion Bonded Epoxy Coatings Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Surface Type
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Fusion Bonded Epoxy Coatings Market- Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Fusion Bonded Epoxy Coatings Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Fusion Bonded Epoxy Coatings Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Fusion Bonded Epoxy Coatings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Fusion Bonded Epoxy Coatings Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Fusion Bonded Epoxy Coatings Market – By Surface Type (Market Size -$Million, KT)
    8.1 Internal Surface Coatings 
    8.2 External Surface Coatings
9. Fusion Bonded Epoxy Coatings Market – By End Use (Market Size -$Million, KT)
    9.1 Oil & Gas 
    9.2 Water Pipelines
    9.3 Marine Industry
    9.4 Chemical Processing
    9.5 Infrastructure
    9.6 Others
10. Fusion Bonded Epoxy Coatings Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Venezuela
        10.2.3 Argentina
        10.2.4 Ecuador
        10.2.5 Peru
        10.2.6 Colombia
        10.2.7 Rest of South America
    10.3 Europe
    10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Australia
        10.4.4 Japan
        10.4.5 Korea
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
        10.5.2 Africa
11. Fusion Bonded Epoxy Coatings Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Fusion Bonded Epoxy Coatings Market - List of Key Companies by Country (Premium)
14. Fusion Bonded Epoxy Coatings Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Fusion Bonded Epoxy Coatings Market Size 2018
2 Canada Fusion Bonded Epoxy Coatings Market Share 2018
3 Brazil Fusion Bonded Epoxy Coatings Market Outlook 2019 - 2023
4 Mexico Fusion Bonded Epoxy Coatings Market Research 2018
5 Germany Fusion Bonded Epoxy Coatings Market Trends 2019 - 2023 
6 France Fusion Bonded Epoxy Coatings Market Growth 2019 - 2023 
7 UK Fusion Bonded Epoxy Coatings Market Demand 2019 - 2023 
8 Italy Fusion Bonded Epoxy Coatings Market Segmentation 2018
9 Russia Fusion Bonded Epoxy Coatings Market Analysis 2019 - 2023
10 China Fusion Bonded Epoxy Coatings Market Revenue 2019 - 2023
11 Japan Fusion Bonded Epoxy Coatings Market Volume 2019 - 2023
12 South Korea Fusion Bonded Epoxy Coatings Market Potential 2019 - 2023
13 India Fusion Bonded Epoxy Coatings Market Leaders 2018
14 Saudi Arabia Fusion Bonded Epoxy Coatings Market Forecast 2019 - 2023 
15 Kuwait Fusion Bonded Epoxy Coatings Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link