Skip to main content

Oil and Gas Corrosion Protection Market – Key Financial Metrics and Competitive Analysis 2018

Corrosion is the deterioration of metal pipe caused by a reaction between metallic materials with the surrounding environment. In order to avoid this, a wide range of corrosion protection products are used in oil & gas industry components such as pipelines, vessels, tanks, and others. The products mainly include coatings, paints, inhibitors, and cathodic protection.

The Global Oil & Gas Corrosion Protection Market is expected to reach USD 12.2 billion by 2025, according to a new report by Grand View Research, Inc.


Corrosion protection products are extensively used in both upstream and downstream sectors to ensure efficient supply of crude oil, natural gas, and intermediate products. The upstream sector includes various applications including drilling of exploratory wells and making requisite operations in order to supply natural gas or crude oil to the ground surface. It requires corrosion protection as they get older and become more vulnerable to the corrosive forces of surrounding environment.

In oil and gas industry, coatings are widely used for the corrosion protection of metal components, owing to its ability to react quickly with the curing agents to yield cross-linked films that acts as an effective moisture resistant. However, regulations are imposed on its usage in conditions where operators may get exposed to health issues caused while coating process.

In addition to that, regulatory bodies have designed standards for the execution of methods that qualifies the quality of coatings applied to internal and external services of pipelines which identify maintenance techniques.

To Know More About Oil and Gas Corrosion Protection Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/oil-gas-corrosion-protection-market

Top Players of Oil and Gas Corrosion Protection Market:

Key participants in the market include 3M Company, AkzoNobel N.V, Jotun A/S, Hempel A/S, Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., RPM International, Inc., Aegion Corporation, Ashland Inc., BASF SE and among others.

Market Segmentation of Oil and Gas Corrosion Protection Market:

The Global Oil & Gas Corrosion Protection Market segmented on the basis of Type, Location and Sector.

By Type:

    Coatings
    Paints
    Inhibitors

By Location:

    Offshore
    Onshore

By Sector:

    Upstream
    Midstream
    Downstream

Inquire about Oil and Gas Corrosion Protection Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4227

Comments

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...