Global Fusion Bonded Epoxy Coatings Market Size By Product (Internal Surface Coatings, External Surface Coatings), By Application (Oil & Gas, Marine), By Geographic Scope And Forecast

Fusion Bonded Epoxy Coatings Market Size And Forecast

Fusion Bonded Epoxy Coatings Market size was valued at USD 3.12 Billion in 2024 and is projected to reach USD 5.78 Billion by 2031, growing at a CAGR of 6.53% from 2024 to 2031.

The key factors responsible for driving this market’s growth include the rise in energy demand worldwide, the increase in deep water operations, and the increase in the export of chemical products worldwide. The Global Fusion Bonded Epoxy Coatings Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors hat are playing a substantial role in the market.

Global Fusion Bonded Epoxy Coatings Market Definition

A common powder coating used to safeguard pipelines, steel pipes, and a variety of piping bonds is called fusion bonded epoxy (FBE). FBE coverings are naturally made of thermoset polymers. In order to prevent corrosion on steel pipe used in pipeline construction, concrete reinforcing bars, and a variety of piping connections, valves, etc., fusion-bond epoxy coating, also known as fusion-bond epoxy powder coating, is sometimes referred to as FBE coating. Coatings made of thermoset polymers are FBE coatings. They are referred to as protective coatings in the terminology for paints and coatings. The material is referred to as “fusion-bond epoxy” because of its capacity for cross-linking and different application methods from regular paint.

Global Fusion Bonded Epoxy Coatings Market Overview

Steel pipe used in pipeline construction is frequently coated with the epoxy-based powder coating known as fusion bond epoxy coating. The fusion bond epoxy painting industry has expanded along with industrialization. Steel pipes are used in many different industries, from sewage to gas, due to their extreme versatility. Steel pipe is resilient to corrosion, affordable, and long-lasting. Because they are both malleable and sturdy, steel pipes are the material of choice for many construction firms. Epoxy-based powder-coated steel tubing is utilized as construction piling when the soil is too fragile to support the weight of large buildings.

Additionally, ships, oil refineries, and even space stations use steel pipes coated with epoxy-based powder. Pipe with an epoxy-based powder coating can be used for both on-land and underwater construction. Pipelines are the optimum method for moving refined products, oil, and gas between sites. The rise in global energy demand, the development of deep-water activities, and the expansion of chemical exports are the main factors propelling this market’s growth. About 40% of offshore activities are accounted for by the pipeline industry. The oil and gas pipeline industry is also expected to benefit from an increase in offshore activity, such as deep-water and ultra-deepwater production and development. Additionally, the expansion of petrochemical and oil refineries would increase demand for Fusion Bonded Epoxy coatings, which will expand the market.

A notable advantage of roto-lining over fusion-bonded epoxy coatings is the ability to coat intricate geometric parts with significantly greater thickness by using a larger choice of coating materials. Both Fusion Bonded Epoxy and roto-lining have smooth waterproof insulation, but roto-lining is better since it lasts longer in a wider range of operating situations. In the same working environment, roto-lining coating lasts three times as long as fusion-bonded epoxy, making it the obvious winner in terms of lifetime cost. Furthermore, the use of roto-lined sections reduces any potential health and environmental risks brought on by a liner breakdown.

Global Fusion Bonded Epoxy Coatings Market Segmentation Analysis

<span data-sheets-userformat='{"2"12865,"3"{"1"0},"9"0,"12"0,"15""Calibri","16"12}' data-sheets-value="{"1"2,"2""Global Fusion Bonded Epoxy Coatings Market Definition\r\nFusion 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 from corrosion steel pipe used in pipeline construction, concrete reinforcing bars and on a wide variety of piping connections, valves etc. FBE coatings are thermoset polymer coatings. They come under the category of protective coatings in paints and coating nomenclature. The name fusion-bond epoxy is due to resigning cross-link and the application method, which is different from a conventional paint.\r\nGlobal Fusion Bonded Epoxy Coatings Market Overview\r\nFusion bond epoxy coating is an epoxy-based powder coating that is widely used to protect steel pipe used in pipeline construction. With increase in industrialization there has been a growth in fusion bond epoxy coating industry. Steel pipes are extremely versatile; hence these are used in many industries, from gas to sewage. Steel pipe is durable, corrosion resistant, and cost-effective. Steel pipes are the way go-to for many construction companies because they are malleable and sturdy, at the same time. When the soil is too weak, epoxy-based powder coating steel pipe is used as construction piling to support the weight of heavy buildings. In addition, epoxy-based powder coating steel pipe is also used in ships, where there is, oil refineries and even in space stations. Epoxy-based powder coating pipe is suitable on land as well as over under water construction.\r\nOil & gas generated along with refined goods is ideally transported between sites with the use of pipeline. The key factors responsible for driving this market's growth include the rise in energy demand worldwide, the increase in deep water operations and the increase in the export of chemical products worldwide. The pipeline industry accounts for around 40% offshore activities. Moreover, rise in offshore activity, such as deep-water and ultra-deep-water production and development is anticipated to boost the oil & gas pipeline industry. Also, rise in oil and petrochemical refineries will raise demand for Fusion Bonded Epoxy coatings and hence boost the market.\r\nThe ability to coat complicated geometric parts with much greater thickness by using a wider range of coating material provides a significant advantage toroto-lining over fusion-bonded epoxy coatings. Both Fusion Bonded Epoxy and roto-lining have smooth waterproof insulation, but since roto-lining works longer in a much broader variety of working environments, roto-lining is more preferable. Roto-lining coating last three times longer, in the same working environment than Fusion Bonded Epoxy hence, roto-lining is the clear favorite for lifetime cost. Additionally, the use of roto-lined section minimizes possible health and environmental hazards associated with a liner breakdown.\r\nGlobal Fusion Bonded Epoxy Coatings MarketSegmentation Analysis\r\nThe Global Fusion Bonded Epoxy Coatings Market is segmented based on Product, Application, and Geography.\r\nGlobal Fusion Bonded Epoxy Coatings Market by Product\r\nBased on Product, the market is segmented into Internal Surface Coatings, External Surface Coatings. 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. \r\nGlobal Fusion Bonded Epoxy Coatings Market by Application\r\nBased on Application, the market is bifurcated into Oil & Gas, Marine, Infrastructure, Water & Wastewater Treatment, Others. 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. \r\nGlobal Fusion Bonded Epoxy Coatings Market by Geography\r\nBased on regional analysis, the Global Fusion Bonded Epoxy Coatings Market is classified into North America, Europe, Asia Pacific, and Rest of the world. China has the largest economy in Asia-Pacific. The Infrastructure segment in China is rapidly increasing due to use of fusion bonded epoxy coating in applications such as valves, pumps, saddle fittings, pipe fittings, manifolds, waste aerators, tanks and drain hangars. \r\nGlobal Fusion Bonded Epoxy Coatings Market Competitive Landscape\r\nThe “Global Fusion Bonded Epoxy Coatings Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are 3M, PPG Industries, Akzonobel, BASF, Arkema, Sherwin-Williams, Jotun, Sigma Corporation, SolEpoxy, Shawcor (Bredero Shaw), Specialty Poly