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