(MENAFN- Ameliorate Digital Consultancy)
The market for FBE coatings for water and wastewater treatment is expected to grow at a CAGR of 4.6%. These solutions are safe for the environment and effective for preserving ideal conditions without affecting the fluid's original qualities during storage or transit.
Since the 1950s, pipeline systems for the transmission of water, oil & gas, and diverse chemical compounds have been using fusion-bonded coatings. For the period of 2017–2021, this has directed a 3.5% compound annual growth for FBE coating sales.
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Over the next few years, it is anticipated that more end-use sectors would use coating solutions. Manufacturers are increasing their capacity for investment in order to modernize their current technologies for creating green formulations. The lifespan of the coated product will be extended overall by these powder formulations.
Key Companies Profiled
Sherwin Williams 3M Axalta Jotun Shawcor KCC Corporation AkzoNobel Denso LB Foster Chugoku Marine Paints Bayou Companies
This market report will improve the revenue impact of businesses in various industries by:
– Providing a framework for analyzing the degree of attractiveness of various FBE Coatings market products, solutions, and technology. assisting stakeholders in identifying major issues affecting their market consolidation plans for FBE Coatings products and providing solutions
– Evaluating the effects of shifting regulatory dynamics in the areas where businesses are eager to increase their presence
Offering insights into promising synergies for top players looking to maintain their leadership position in the FBE Coatings market, this book helps leading companies make strategy recalibrations ahead of their competitors and peers. It also provides an understanding of disruptive technology trends to help businesses make their transitions smoothly.
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Why is the Usage of FBE Coatings Steadily Increasing across the World?
More opportunities are opening up for producers of VOC-free formulations that are more chemically stable as the use of fusion-bonded epoxy coatings on steel for the transfer of water, including fresh water and brine, grows.
The maritime pipeline industry is seeing an increase in demand for fusion bonded coatings. Due to major technological improvements, oil and gas companies are focussing on growing their portfolios of sustainable deep water and ultra-deep water initiatives.
Along with supporting anti-corrosion, steel pipe coatings in pipelines effectively manage flow. The rise of the marine industry and marine pipeline networks has increased the demand for steel pipe coatings.
Segmentation of FBE Coatings Industry Research
By Application : Steel Pipelines Rebars Valves & Fittings Girth Welds Others
By Use Case : Internal Coating External Coatings
By End-use Industry : Oil & Gas Construction Sewage & Wastewater Treatment Refineries & Chemical Marine Water Transportation Others
By Region : North America Latin America Europe East Asia South Asia & Oceania MEA
Market Dynamics:
The report also offers in-depth analysis of how market dynamics will change over the course of the next years within the forecast period. Additionally, it offers useful information on the key trends influencing the current market environment and encouraging for the FBE Coatings industry's future.
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