Report Predicts Market for Industrial Liquid Coatings to Reach $70 Billion by 2025
SHELBYVILLE, DE — According to a report released by Global Market Insights Inc., the market for industrial liquid coatings will surpass $70 billion by 2025.
Demand for oil pipeline coatings will contribute to growth in the industrial liquid coatings market. The largest network of pipelines in the world is in North America, with the United States alone accounting for more than 115,000 kilometers of crude oil pipeline. It is expected that North America will witness the addition of approximately 60,000 kilometers of pipeline by 2021. This trend is expected to continue with the Trump administration’s vision of reducing energy dependence on other nations.