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PUBLISHER: IMARC | PRODUCT CODE: 1390710
PUBLISHER: IMARC | PRODUCT CODE: 1390710
Oil and Gas Corrosion Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 141 Pages
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Abstract
The global oil and gas corrosion protection market size reached US$ 10.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.08% during 2022-2028.
Oil and gas corrosion protection refers to the utilization of anti-corrosive systems and technologies to prevent the degradation of metals such as steel, nickel, copper, titanium and chromium, in aqueous environments. It involves the mitigation, monitoring, inspection and cleaning of crude oil and natural gas wells and pipelines. It utilizes cathodic and anodic protection, material selection, chemical dosing and the application of inhibitors and protective external and internal coatings. These solutions are used against oxygen, galvanic, crevice, erosion, microbiologically induced, sweet, sour and stress corrosions in upstream, midstream and downstream pipeline systems. Oil and gas corrosion protection aids in increasing plant availability, preventing pipe rust, leaks and minimizing environmental damage.
Oil and Gas Corrosion Protection Market Trends:
The increasing offshore oil and gas exploration activities, along with the rising demand for effective corrosion protection systems for wells, risers, drilling rigs and pipeline connectors, is one of the key factors driving the growth of the market. Crude oil is highly corrosive in nature and oil and gas corrosion protection solutions aid in prolonging the life of oil and water ballast tanks, hull externals and decks. Moreover, the widespread adoption of corrosion protection solutions in the transportation industry for moving natural gas, oil, intermediate products and fuel is providing a thrust to the market growth. Various product innovations, such as the development of epoxy-based coatings, are acting as other growth-inducing factors. Product manufacturers are also launching advanced coating materials manufactured using alkyd, polyurethanes and acrylic compounds for enhanced substrate protection, water- and heat resistance and improved physical properties. Other factors, including extensive infrastructural development, especially in the developing economies, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oil and gas corrosion protection market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, location and sector.
Breakup by Type:
Coatings
Paints
Inhibitors
Others
Breakup by Location:
Offshore
Onshore
Breakup by Sector:
Upstream
Midstream
Downstream
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Aegion Corporation, Akzo Nobel N.V, Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, Chase Corporation, Hempel A/S, Jotun A/S, Metal Coatings Corp., RPM International Inc. and The Sherwin-Williams Company.
Key Questions Answered in This Report
- 1. How big is the global oil and gas corrosion protection market?
- 2. What is the expected growth rate of the global oil and gas corrosion protection market during 2023-2028?
- 3. What are the key factors driving the global oil and gas corrosion protection market?
- 4. What has been the impact of COVID-19 on the global oil and gas corrosion protection market?
- 5. What is the breakup of the global oil and gas corrosion protection market based on the type?
- 6. What is the breakup of the global oil and gas corrosion protection market based on the location?
- 7. What is the breakup of the global oil and gas corrosion protection market based on the sector?
- 8. What are the key regions in the global oil and gas corrosion protection market?
- 9. Who are the key players/companies in the global oil and gas corrosion protection market?
Product Code: SR112023A4525
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Oil and Gas Corrosion Protection Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Coatings
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Paints
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Inhibitors
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Location
- 7.1 Offshore
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Onshore
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Sector
- 8.1 Upstream
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Midstream
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Downstream
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Aegion Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Akzo Nobel N.V
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Ashland Global Specialty Chemicals Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Axalta Coating Systems Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 BASF SE
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Chase Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Hempel A/S
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 SWOT Analysis
- 14.3.9 Jotun A/S
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Metal Coatings Corp.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 RPM International Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 The Sherwin-Williams Company
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 3M Company
Product Code: SR112023A4525
List of Figures
- Figure 1: Global: Oil and Gas Corrosion Protection Market: Major Drivers and Challenges
- Figure 2: Global: Oil and Gas Corrosion Protection Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Oil and Gas Corrosion Protection Market: Breakup by Type (in %), 2022
- Figure 5: Global: Oil and Gas Corrosion Protection Market: Breakup by Location (in %), 2022
- Figure 6: Global: Oil and Gas Corrosion Protection Market: Breakup by Sector (in %), 2022
- Figure 7: Global: Oil and Gas Corrosion Protection Market: Breakup by Region (in %), 2022
- Figure 8: Global: Oil and Gas Corrosion Protection (Coatings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Oil and Gas Corrosion Protection (Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Oil and Gas Corrosion Protection (Paints) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Oil and Gas Corrosion Protection (Paints) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Oil and Gas Corrosion Protection (Inhibitors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Oil and Gas Corrosion Protection (Inhibitors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Oil and Gas Corrosion Protection (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Oil and Gas Corrosion Protection (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Oil and Gas Corrosion Protection (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Oil and Gas Corrosion Protection (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Oil and Gas Corrosion Protection (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Oil and Gas Corrosion Protection (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Oil and Gas Corrosion Protection (Upstream) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Oil and Gas Corrosion Protection (Upstream) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Oil and Gas Corrosion Protection (Midstream) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Oil and Gas Corrosion Protection (Midstream) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Oil and Gas Corrosion Protection (Downstream) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Oil and Gas Corrosion Protection (Downstream) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Oil and Gas Corrosion Protection Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Oil and Gas Corrosion Protection Industry: SWOT Analysis
- Figure 76: Global: Oil and Gas Corrosion Protection Industry: Value Chain Analysis
- Figure 77: Global: Oil and Gas Corrosion Protection Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Oil and Gas Corrosion Protection Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Location (in Million US$), 2023-2028
- Table 4: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Sector (in Million US$), 2023-2028
- Table 5: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Oil and Gas Corrosion Protection Market: Competitive Structure
- Table 7: Global: Oil and Gas Corrosion Protection Market: Key Players
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