According to a recent market report of Markets and Markets, the global pipe coatings market is expected to grow at a CAGR of 4.7% from 2016 to 2021, reaching $14.42 billion by 2021, in terms of value. The high demand for pipe coatings results from the growing pipeline industry around the globe and the growing technological advancements in the pipeline coatings market. The global pipe coatings market is segmented into thermoplastic polymer, fusion bonder epoxy, concrete coatings, and others, in terms of type. Thermoplastic polymer coatings are the most widely used type of pipe coatings, and comprise of PE, PP and PU coatings that are used in polyolefin coatings. 3LPE or 3LPP coatings are now being preferred on a large scale as they have the added advantage provided by thermoplastic polymer coatings and fusion bonded epoxy coatings. They are majorly used in the oil & gas industry. On the basis of end-use industry, the global pipe coatings market is segmented into oil & gas, water & wastewater treatment, chemical processing, and others. Chemical processing is anticipated to be the fastest growing end-use industry incorporating pipe coatings. The demand for pipe coatings in this end-use industry is projected to expand owing to the rising demand in the chemical industry and the easy availability of shale gas. On the basis of region, the global pipe coatings market is segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa. Among them, North America is the global forerunner in the pipe coatings market, in terms of value and volume, and this trend is anticipated to continue until 2021. Countries in this region such as the U.S., Canada, and Mexico are witnessing growth in the oil & gas industry because of the easy availability of shale gas and discovery of oil reserves. Furthermore, the chemical processing industry is likely to grow owing to the availability of raw materials in this region. However, there are a few factors restricting the growth of pipe coatings market, although it is growing at a fast pace. The presence of volatile organic compounds (VOCs) in the coatings that are emitted into the environment, pose a threat to the environment. Hence, governments are encouraging the use of powder coatings, because powder coatings contain negligible to little VOC content. The key players in the global pipe coatings market are PPG Industries, Inc. (U.S.), AkzoNobel N. V. (The Netherlands), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.) and Axalta Coating Systems Ltd.(U.S.).