Fusion Bonded Epoxy Coatings Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global Fusion Bonded Epoxy (FBE) Coatings market was valued at approximately USD 6.5 billion in 2022, with a Compound Annual Growth Rate (CAGR) of 4.5% expected from 2022 to 2032. This market growth is driven by the increasing demand for corrosion-resistant coatings across industries such as oil & gas, water, and wastewater treatment. FBE coatings are primarily used in pipelines, reinforcing bars, and various other infrastructure applications due to their superior durability and adhesion properties. With the expansion of infrastructure projects in emerging economies, along with rising investments in energy and utility sectors, the market for FBE coatings is expected to witness significant growth opportunities. Additionally, the growing need for environmentally friendly and efficient coating solutions in these sectors further fuels demand.
Emerging markets, particularly in Asia-Pacific and Latin America, are seeing an uptick in infrastructure development and pipeline projects, which are expected to contribute significantly to the growth of the Fusion Bonded Epoxy Coatings market. Countries such as China, India, and Brazil are rapidly expanding their oil & gas pipeline infrastructure, which in turn is creating a higher demand for FBE coatings. The increasing focus on water treatment and the rising adoption of FBE coatings in reinforcing bars used in construction further bolster market expansion. Moreover, advancements in coating technologies and the introduction of sustainable and low-VOC (volatile organic compounds) products are creating new opportunities for market players to tap into various industries, enhancing the overall market growth potential.
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3M
PPG Industries
Akzonobel
BASF
Arkema
Sherwin-Williams
Jotun
Sigma Corporation
SolEpoxy
Shawcor (Bredero Shaw)
Specialty Polymer Coatings
Tecosy
Teknos Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fusion Bonded Epoxy Coatings Market
Oil & Gas
Marine
Infrastructure
Water & Wastewater Treatment
Others
Based on Types the Market is categorized into Below types that held the largest Fusion Bonded Epoxy Coatings market share In 2023.
Internal Surface Coatings
External Surface Coatings
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fusion Bonded Epoxy Coatings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fusion Bonded Epoxy Coatings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fusion Bonded Epoxy Coatings Market, By Type
6. Global Fusion Bonded Epoxy Coatings Market, By Application
7. Global Fusion Bonded Epoxy Coatings Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fusion Bonded Epoxy Coatings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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