HOME Research Insight Global Pipe Coatings Market is Driven by the Increasing New Product Launches and Joint Ventures & Collaborations Adopted by the Leading Market Players



Global Pipe Coatings Market is Driven by the Increasing New Product Launches and Joint Ventures & Collaborations Adopted by the Leading Market Players


New product launch is the key strategy adopted by industry players to increase their growth in the pipe coatings market. This strategy accounted for a share of 66.7% between 2011 and 2015 of all growth strategies adopted by the market players. The market for pipe coatings is fragmented which includes different end-use industries. Rising demand for pipe coatings from the oil & gas and industrial end-use industry and new product developments by the market players are paving the way to meet the ever changing demand from the end users. Besides new product launch, companies adopted the strategy of joint ventures & collaborations to expand their business. This strategy accounted for a share of 33.3% of all developments undertaken between 2011 and 2015. The key players have also invested in R&D as their growth strategy.

North America was the most active region between 2011 and 2015, in terms of strategic initiatives. New product launch was the most preferred strategy in this region. Companies such as Arkema SA (France), BASF SE (Germany), and LyondellBasell Industries Holdings B.V. (Netherlands) launched several new products in the region to increase their market share and serve the customers better.

The major manufacturers such as The Dow Chemical Company (U.S.), Arkema S.A. (France), BASF SE (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Covestro AG (Germany), Celanese Corporation (U.S.), and AkzoNobel N.V. (Netherlands) among others are profiled in this report. These companies have adopted both organic and inorganic growth strategies such as joint ventures & collaborations and new product launches.

Arkema S.A. (France) and BASF SE (Germany) are the most active players in the pipe coatings market. These companies witnessed the highest strategy adoptions amongst other players in the global pipe coatings market, of the total market activities between 2011 and 2015.

Arkema S.A. (France) is the most active player in the pipe coatings market. It accounted for the largest share of all the developmental activities undertaken in the pipe coatings market. The company follows dynamic growth strategies with R&D investments, new product launches, and joint ventures & collaborations as the key growth strategies to enhance its presence in Asia-Pacific, Europe, and North America.

Another company that has established a strong foothold in the pipe coatings market is BASF SE (Germany). The company is focused on both organic and inorganic growth strategies. It has enhanced its product portfolio with various developments such as new product launches and joint ventures & collaborations to meet the growing demand from its potential end user

Related Reports:

Pipe Coatings Market by Form (Powder, and Liquid), Type (Thermoplastic Polymer, Fusion Bonded Epoxy, Concrete Coatings), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Chemical Processing), and Region-Global Forecast to 2021

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