Fusion Bonded Epoxy Coatings Market - Forecast(2021 - 2026)

 Fusion Bonded Epoxy Coatings Market size is forecast to reach $12.5 million by 2025, after growing at a CAGR of 6.8% during 2020-2025. Fusion bonded epoxy coating, referred as FBE coating provides UV protection, excellent resistance to cathodic disbandment& protection from harsh weather conditions for the designed lifespan due to which it is increasingly used in construction industry. With increase in use of pipes in oil and petrochemical refineries owing to its property such as good chemical resistance under various installation conditions, will propel the demand of fusion bonded epoxy coatings industry in the forecast period.


Report Coverage
The: “Fusion Bonded Epoxy Coatings Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fusion Bonded Epoxy Coatings Market.

By Surface Type: Internal Surface Coatings and External Surface Coatings
By End Use Industry: Oil & Gas, Water Pipelines, Marine Industry, Chemical Processing, Infrastructure and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, South America and Others


Key Takeaways
  • Fusion Bonded Epoxy coating has strong resistance to mechanical effects which increases the life expectancy of steel pipes and ensures a constant performance throughout its life span.
  • Epoxy-based polymers such as Fusion Bonded Epoxy are commonly used in gas and oil pipelines due to their high chemical resistance, low chloride ion permeability, good mechanical strength, solid steel adhesion and ideal handling characteristics, resulting in better corrosion safety and pipeline working life.
  • Manufacturing and Construction Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation this factor restricts the growth of the fusion bonded epoxy coatings market.
  • Increasing use of Roto-Lining as an alternative to Fusion Bonded Epoxy coating can hinder the growth of Fusion Bonded Epoxy Coatings Market in the forecast period.


Surface Type- Segment Analysis
External insulation prevents the pipes from degradation caused by dirt and other backfill materials. The main protection against exterior corrosion is outer coatings. Pipeline is installed using line pipe and is usually factory-coated before shipping to the construction site. External protective coatings are necessary because presence of water and oxygen in the environment can cause corrosion in case, if there is no coating protection. External coatings act as a barrier against corrosion factors such as oxygen, water, salt, sunlight, or bacteria on the external surface of the pipes. The external corrosion safety is important for a pipeline's service life and reduced running costs. Factors such as environmental conditions, situation of the buried media, and operation temperature are considered for the selection of appropriate coating system.


End Use Industry- Segment Analysis
Oil & Gas industry in Fusion Bonded Epoxy coating is projected to grow at a CAGR of 7.3% during forecast period 2020-2025. Pipes with fusion-bonded epoxy (FBE) coatings in the oil and gas industry demonstrate outstanding chemical resilience in extreme conditions including petrochemicals, solvents, and corrosive gases. In sectors like power generation, manufacturing, transport and industrial business demand for oil and gas is raising due to the growing population of developed countries and the vigorous economic growth. Pipelines used for oil transportation are made of steel which has benefits such as fairly low cost, high capacity, short construction times, safe and environmentally sustainable application and suitability for all geographic locations. High strength low-alloy (HSLA) steels have been extensively used in the petroleum industry for crude oil pipeline transportation. Besides this, these coatings often provide greater dimensional stability (i.e.) reduced hysteresis.

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Location: United States

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