FBE Coating Market

FBE Coating Market Outlook (2024 to 2034)

Projected to expand at a CAGR of 5.2% over the next 10 years, the global FBE coating market is expected to increase from a value of US$ 2.43 billion in 2024 to US$ 4.04 billion by the end of 2034, as asserted in the recently updated research study published by Fact.MR.

Increasing number of deep water operations and rising global export of chemical products are projected to generate higher demand for FBE (fusion bond epoxy) coatings for use in pipelines.

Steel pipes are resilient to corrosion and are long-lasting and affordable. Steel pipes are utilized significantly in various construction firms due to their sturdy and malleable features. FBE coatings are used in multiple industries, including gas, sewage, etc., owing to their extreme versatility. Various construction firms are giving preference to steel tubing with FBE coatings to support large buildings’ weight.

Oil refineries, ships, some space stations, etc., use steel pipes, which are coated with epoxy-based powder. These coated pipes are utilized for underwater and on-land construction. Moreover, pipelines are used as the optimum method for the transportation of refined products, gas, oil, etc., between sites. Rising demand for energy, increasing chemical export, and development of multiple deep-water activities are set to positively influence FBE coating market trends over the coming years.

Increasing demand for FBE coatings is attributed to their low chloride ion permeability, high chemical resistance, solid steel adhesion, and good mechanical strength. Therefore, these ideal handling characteristics of FBE coatings are projected to contribute to increased pipeline working life and better corrosion safety.

• Sales of FBE coatings in South Korea are approximated to climb at a CAGR of 8% from 2024 to 2034.
• East Asia is analyzed to hold 24.6% of the global FBE coating market share by the end of 2034.
• Demand for FBE coatings for use in water transportation applications is evaluated to increase at 5.1% CAGR and reach a market worth of US$ 625.7 million by 2034-end.

Report Attribute	Detail
FBE Coating Market Size (2024E)	US$ 2.43 Billion
Forecasted Market Value (2034F)	US$ 4.04 Billion
Global Market Growth Rate (2024 to 2034)	5.2% CAGR
Japan Market Growth Rate (2024 to 2034)	5.4% CAGR
Market Share of Internal Coatings (2034F)	66.1%
North America Market Share (2034F)	17.5%
Key Companies Profiled	Sherwin Williams; Bayou Companies; 3M; Chugoku Marine Paints; Axalta; LB Foster; Jotun; Denso; Shawcor; AkzoNobel; KCC Corporation.

Which Salient Features are Driving the FBE Coating Market Growth?

“Diverse Application Scope of FBE Coatings”

Fusion bond epoxy coatings have been used conventionally for the protection of pipelines from temperature issues and natural corrosion. An effective supply network with an improvised process is required with growing requirements for fluid transportation. Therefore, FBE coatings came into existence and offer a better flow of gas and liquids internally.

In the marine pipelines industry, an increase in the demand for FBE coatings is encountered. Oil & gas firms are focusing on portfolio expansion with an active involvement in technological advancements. These coatings ensure efficient flow management in pipelines with anti-corrosion support. Thus, there is an increase in the demand for steel pipe coatings with the expanding marine pipeline systems and marine sector. Moreover, growing incidence of exploring new energy reserves to match future demand is contributing to increased sales of FBE coatings.

“Emergence of Green and VOC-free Formulations”

Ongoing investments for the replacement of existing oil & gas infrastructure are generating demand for effective pipeline networks. This change will enable streamlined, efficient, and affordable fuel transportation. Traditional coating solutions contain solvents. They can contribute to contamination if released into the environment, thus increasing health concerns. Government support and evolving technology for producing VOC-free formulations or green reinforcement are expected to contribute to the expansion of the FBE coating market size.

What are the Limitations to the Global Market Growth?

“Constantly Fluctuating Prices of Raw Materials”

Manufacturers of FBE coatings are encountering uncertainties because of geopolitical issues across the globe. Fluctuations in the costs of raw materials and increasing energy costs are creating disruptions in the supply chain network. It is becoming a bit difficult for market players to get easy access to raw materials, which is expected to adversely impact growth opportunities.

What Potential Does This Business Hold for New Companies?

“Increasing Investments in Marketing Campaigns and Brand Building”

To generate leads and establish themselves in the global market, startups are expected to invest significantly in marketing campaigns and brand building. Offering coating solutions at competitive pricing is estimated to help attract more consumers in the coming decade.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, through its recently updated study, asserts that East Asia is evaluated to capture 24.6% share of global market revenue by 2034. The growing use of FBE coatings in multiple applications, such as saddle fittings, valves, pipe fittings, water aerators, drain hangars, tanks, etc., is contributing to their increased consumption in the region.

Why are Suppliers of FBE Coatings Investing in the United States?

“Huge Presence of Natural Gas & Oil Reserves Widening Application Scope for FBE Coatings in Pipelines”

Attribute	United States
Market Value (2024E)	US$ 376.6 Million
Growth Rate (2024 to 2034)	3.3% CAGR
Projected Value (2034F)	US$ 519.2 Million

The United States is approximated to account for 73.5% share of the market in North America by 2034. The availability of well-established natural gas and crude oil exploration systems in the country is estimated to offer opportunities for market players. The presence of a strong chemical industry and the development of shale gas resources are projected to generate demand for FBE coatings used in pipelines for the transportation of these products.

What is Pulling FBE Coating Manufacturing Companies to China?

“Expanding Infrastructure Pushing Consumption of FBE Coatings”

Attribute	China
Market Value (2024E)	US$ 308.5 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 569 Million

China is projected to occupy a share of 57.3% of the East Asian market revenue by 2034-end. Expansion of the infrastructure sector in the country is estimated to widen the application scope of FBE coatings. Growing consumption of these coatings in pumps, pipe fittings, water aerators, drain hangars, tanks, etc., is anticipated to create remunerative opportunities for suppliers of FBE coatings in China.

Category-wise Insights

Significant amount of FBE coatings are used on steel pipelines. These pipelines are used as suitable carriers for transporting water, wastewater, and oil & gas. Some of the prominent reasons for growing steel consumption as a base material include durability, ease of workability, and strength.

Which FBE Coating Type is Expected to Reign Supreme in This Business?

“Surging Consumption of Internal FBE Coatings to Minimize Corrosion and Mechanical Impact”

Attribute	Internal Coatings
Segment Value (2024E)	US$ 1.6 Billion
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 2.67 Billion

Internal coatings are forecasted to hold 66.1% share of the global market by the end of 2034. Internal FBE coatings are utilized to protect the inner surfaces of steel pipes from light mechanical impacts and the influence of corrosion. These coatings ensure excellent resistance to cathodic disbondment.

Why are FBE Coatings Extensively Used in the Oil & Gas Industry?

“High Use in Oil & Gas Transportation Pipes for Dimensional Stability”

Attribute	Oil & Gas
Segment Value (2024E)	US$ 530.1 Million
Growth Rate (2024 to 2034)	5.7% CAGR
Projected Value (2034F)	US$ 924.4 Million

The oil & gas industry is calculated to possess a share of 22.9% of global market revenue by 2034. Pipes with FBE coatings are used in the oil & gas industry to demonstrate exceptional chemical resilience in various adverse conditions, such as solvents, corrosive gases, petrochemicals, etc. Various sectors, including manufacturing, industrial, transport, power generation, etc., are generating demand for oil & gas. Pipelines utilized for oil transportation are manufactured from steel because of their high capacity, fairly low cost, safe and environmentally sustainable application, and short construction times. Therefore, there is an increased demand for FBE coatings for dimensional stability.

Competitive Landscape

Key players in the FBE coating market are employing optimization systems and sustainable technologies for diverse end users. They are focusing on new product development to address problems in product placement. Moreover, their involvement in effectively managing supply chain systems and supplying quality products strengthens their market position.

For instance :

• AkzoNobel entered into an agreement with Kansai Paints in June 2022 to expand its footprints in the African market. Further, the company also acquired Mauvilac Industries Limited in April 2022, which is one of the prominent paints and coating companies operating in Mauritius. Through these initiatives, the company is strengthening its position and portfolio of coating solutions.

Fact.MR provides detailed information about the price points of key manufacturers of FBE coatings positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of FBE Coating Market Research

• By Use Case :

  • Internal Coatings
  • External Coatings

• By Application :

  • Steel Pipelines
  • Rebars
  • Valves & Fittings
  • Girth Welds

• By End-use Industry :

  • Oil & Gas
  • Construction
  • Sewage & Wastewater Treatment
  • Marine
  • Water Transportation

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA