According to a recent study by market research firm MarketsandMarkets, the global pipeline protective coatings market is expected to reach approximately $6.9 billion in 2020 and about $8.5 billion by 2025.

　　Analysis suggests that thermoplastic polymer coatings are a widely used category of pipeline coatings, mainly including polyethylene-based coatings, polypropylene-based coatings, and polyurethane-based coatings. Currently, due to the synergistic effect of three-layer polyethylene or three-layer polypropylene systems with thermoplastic polymer coatings and fusion-bonded epoxy coatings, they are more favored in practical applications to enhance the protection performance of pipelines, especially in the oil and gas sector.

　　The research points out that North America is the largest market for pipeline coatings globally and will continue to maintain this trend in the coming years. The utilization of shale gas and oil resources in this region has boosted the development of the oil and gas industry, while abundant raw materials will further stimulate the development of the chemical industry.