The Fusion Bonded Epoxy Coatings market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Fusion bonded epoxy coating, also known as fusion-bond epoxy powder coating and commonly referred to as FBE coating, is an epoxy-based powder coating that is widely used to protect steel pipe used in pipeline construction, concrete reinforcing bars (rebar) and on a wide variety of piping connections, valves etc. from corrosion.
Growing Infrastructure and Industrialization in the Asia-Pacific Region driving the Fusion Bonded Epoxy Coatings Market.
In oil & gas industry, pipes with fusion bonded epoxy (FBE) coatings exhibit excellent chemical resistance in harsh environments including petrochemicals, solvents, and corrosive gases. Apart from that, these coatings also provide better dimensional stability (i.e minimal hysteresis). Growing oil and petrochemical refineries would increase the demand for FBE coatings, hence, driving the market. Growing refineries in Asia-Pacific economies like India is expected to drive the market.
Asia-Pacific was the largest market for fusion bonded epoxy coatings in 2017. Growth in the regional market is driven by the growing infrastructure and industrialization in the Asia-Pacific region, primarily from major economies, such as China, India, and ASEAN countries. China is the leading importer and exporter of crude oil in the world, thus any changes affecting the expansion activities related to oil and gas will have a significant impact on the coatings market that finds application in the aforementioned sector.
As the report focuses on global Fusion Bonded Epoxy Coatings market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
3M
PPG Industries
Akzonobel
BASF
Arkema
Sherwin-Williams
Jotun
Sigma Corporation
SolEpoxy
Shawcor (Bredero Shaw)
Specialty Polymer Coatings
Tecosy
Teknos Group
Market Segment by Product Type:
Internal Surface Coatings
External Surface Coatings
Market Segment by Application:
Oil & Gas
Marine
Infrastructure
Water & Wastewater Treatment
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Fusion Bonded Epoxy Coatings market for the forecast period 2020 - 2025?
• What are the driving forces in the Fusion Bonded Epoxy Coatings market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Fusion Bonded Epoxy Coatings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?