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Showing posts with the label Oil and Gas Corrosion Protection Industry

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