A new report from Future Market Insights says that the market for oil and gas pipeline coatings will reach revenues of US$7 billion by 2029.
The market will be grown by new offshore exploration and production activities, stabilizing crude oil prices, a rise in cross-country pipeline projects and the rehabilitation of existing pipelines, the report said.
Fusion bonded epoxy (FBE) coatings can create a tight barrier that prevents permeation of cold and hot liquids, so could be a preferred choice for oil and gas pipeline coatings. Moreover, stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil and gas pipeline coatings, which are prone to VOC emissions during the drying process.
This story uses material from Future Market Insights, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
