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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
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