U.S. Phosphate Conversion Coatings For Oil & Gas Market Size, Share & Trends Analysis Report By Product (Manganese, Iron, Zinc), By Substrate (Cast Iron, Steel), And Segment Forecasts, 2020 - 2027
The U.S. phosphate conversion coatings for oil and gas market size is expected to reach USD 55.3 million by 2027, expanding at a CAGR of 3.9% over the forecast period, according to a new study by Grand View Research, Inc. Rising corrosion challenges in the oil and gas industry are anticipated to drive the market growth.
Phosphate conversion coatings are widely used for treating zinc, aluminum, and steel components. Phosphate is an integral part of various metal finishing operations and serves various functions such as enhancing appearance, promoting adhesion, absorbing lubricants, and increasing corrosion resistance. Some of the common issues caused by environmental adversity in oil rigs include soils with chloride deposits, extremely saline water, high water tables and salt spray near coastal areas, and high humidity. These harsh environmental conditions lead to stagnation, deterioration, and sludge formation in oil storage tanks or equipment during a period of disuse. Hence, the aforementioned factors are expected to positively impact market growth in the country in the coming years.
Based on product segment, manganese is anticipated to expand at a highest CAGR over the forecast period. Manganese Phosphate coatings are very popular in oil and gas industry owing to their outstanding wear resistance and hardness properties. The coatings work splendidly in reducing wear on products such as liners, motor blocks, pistons, pipes, camshafts, rings, tappets, and similar bearing surfaces. These are used as a pre-treatment on metal surfaces prior to painting or coating to increase particular metal properties such as corrosion resistance and lubricity.
Moreover, in comparison to zinc and iron phosphate coatings, manganese phosphate coatings allow rapid break-in of moving parts without welding or scuffing by avoiding metal to metal contact between bearing surfaces, which makes them extremely suitable for the equipment working in extreme condition, specifically in oil and gas industry.
Cast Iron is one of the prominent segments based on substrate. Cast iron substrate consists of 1% to 3% silicon and over 2% carbon, which impart good fluidity, excellent hardness, and durability. It is nonmalleable, brittle, and economical in price owing to which it is widely used in manufacturing various mechanical equipment. It has high compressive strength, superior wear resistance properties, and can be easily cast. Therefore, it is majorly used in manufacturing water conduit pipes, drilling pipes, boilers, packer parts, valve parts, and valve bodies in oil and gas industry.
Further key findings from the report suggest:
Phosphate conversion coatings are widely used for treating zinc, aluminum, and steel components. Phosphate is an integral part of various metal finishing operations and serves various functions such as enhancing appearance, promoting adhesion, absorbing lubricants, and increasing corrosion resistance. Some of the common issues caused by environmental adversity in oil rigs include soils with chloride deposits, extremely saline water, high water tables and salt spray near coastal areas, and high humidity. These harsh environmental conditions lead to stagnation, deterioration, and sludge formation in oil storage tanks or equipment during a period of disuse. Hence, the aforementioned factors are expected to positively impact market growth in the country in the coming years.
Based on product segment, manganese is anticipated to expand at a highest CAGR over the forecast period. Manganese Phosphate coatings are very popular in oil and gas industry owing to their outstanding wear resistance and hardness properties. The coatings work splendidly in reducing wear on products such as liners, motor blocks, pistons, pipes, camshafts, rings, tappets, and similar bearing surfaces. These are used as a pre-treatment on metal surfaces prior to painting or coating to increase particular metal properties such as corrosion resistance and lubricity.
Moreover, in comparison to zinc and iron phosphate coatings, manganese phosphate coatings allow rapid break-in of moving parts without welding or scuffing by avoiding metal to metal contact between bearing surfaces, which makes them extremely suitable for the equipment working in extreme condition, specifically in oil and gas industry.
Cast Iron is one of the prominent segments based on substrate. Cast iron substrate consists of 1% to 3% silicon and over 2% carbon, which impart good fluidity, excellent hardness, and durability. It is nonmalleable, brittle, and economical in price owing to which it is widely used in manufacturing various mechanical equipment. It has high compressive strength, superior wear resistance properties, and can be easily cast. Therefore, it is majorly used in manufacturing water conduit pipes, drilling pipes, boilers, packer parts, valve parts, and valve bodies in oil and gas industry.
Further key findings from the report suggest:
- Zinc is anticipated to dominate the product segment during the forecast period from 2020 to 2027
- Manganese is the fastest growing product segment in the country market on account of the growing demand from oil and gas industry
- Steel segment is potentially fueling the market growth owing to the surge in product application to promote adhesion of paints and prevent corrosion
- Various strategic initiatives were recorded over the past few years in order to boost the growth of the U.S. phosphate conversion coatings for oil and gas market. For instance, in November 2019, Chemetall expanded its complete production unit in Langelsheim, Germany. This expansion is likely to help the company meet the surging demand for aerospace technologies and specific requirements for surface treatment of the aerospace industry
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
2.2 Segmental Outlook
CHAPTER 3 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: VARIABLES, TRENDS, & SCOPE
3.1 Market Lineage Outlook
3.1.1 Conversion Coatings Market Outlook
3.2 Penetration & Growth Prospects Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Materials Trends
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Ascending demand from oil & gas industry
3.5.2 market Restraint analysis
3.5.2.1 Availability of alternatives
3.6 Business Environment Analysis: U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry
3.6.1 Porters Five Forces Analysis
3.6.2 Pestel Analysis:
CHAPTER 4 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product Movement Analysis & Market Share, 2019 & 2027
4.2 Manganese Phosphate
4.2.1 Market For Oil & Gas Industry Estimates And Forecasts, Manganese Phosphate, 2016 - 2027 (USD Million)
4.3 Iron Phosphate
4.3.1 Market For Oil & Gas Industry Estimates And Forecasts, Iron Phosphate, 2016 - 2027 (USD Million)
4.3.2 Market For Oil & Gas Industry Estimates And Forecasts, Zinc Phosphate, 2016 - 2027 (USD Million)
CHAPTER 5 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: SUBSTRATE ESTIMATES & TREND ANALYSIS
5.1 Substrate Movement Analysis & Market Share, 2019 & 2027
5.2 Cast Iron
5.2.1 Market For Oil & Gas Industry Estimates And Forecasts, Cast Iron, 2016 - 2027 (USD Million)
5.3 Steel
5.3.1 Market For Oil & Gas Industry Estimates And Forecasts, Steel, 2016 - 2027 (USD Million)
5.4 Others
5.4.1 Market For Oil & Gas Industry Estimates And Forecasts, Others, 2016 - 2027 (USD Million)
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Key Players And Recent Developments & Their Impact On The Industry
6.2 Key Company/Competition Categorization
6.3 Vendor Landscape
6.3.1 List Of Key Distributors & Channel Partners
6.3.2 Key Contractor/Installation Service Provider
6.4 Public Companies
6.4.1 Competitive Dashboard Analysis
6.5 Private Companies
6.5.1 List Of Key Emerging Companies/Technology Disruptors/Innovators And Their Geographical Presence
CHAPTER 7 COMPANY PROFILES
7.1 Henkel Ag & Company, Kgaa
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.2 Ppg Industries, Inc.
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.3 The Sherwin-Williams Company
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.4 Axalta Coating Systems, Llc
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Basf Se
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Nihon Parkerizing Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.7 Keystone Corporation
7.7.1 Company Overview
7.7.2 Product Benchmarking
7.8 Freiborne Industries
7.8.1 Company Overview
7.8.2 Product Benchmarking
7.9 Hubbard Hall
7.9.1 Company Overview
7.9.2 Product Benchmarking
7.10 Crest Chemicals
7.10.1 Company Overview
7.10.2 Product Benchmarking
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
2.2 Segmental Outlook
CHAPTER 3 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: VARIABLES, TRENDS, & SCOPE
3.1 Market Lineage Outlook
3.1.1 Conversion Coatings Market Outlook
3.2 Penetration & Growth Prospects Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Materials Trends
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Ascending demand from oil & gas industry
3.5.2 market Restraint analysis
3.5.2.1 Availability of alternatives
3.6 Business Environment Analysis: U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry
3.6.1 Porters Five Forces Analysis
3.6.2 Pestel Analysis:
CHAPTER 4 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: PRODUCT ESTIMATES & TREND ANALYSIS
4.1 Product Movement Analysis & Market Share, 2019 & 2027
4.2 Manganese Phosphate
4.2.1 Market For Oil & Gas Industry Estimates And Forecasts, Manganese Phosphate, 2016 - 2027 (USD Million)
4.3 Iron Phosphate
4.3.1 Market For Oil & Gas Industry Estimates And Forecasts, Iron Phosphate, 2016 - 2027 (USD Million)
4.3.2 Market For Oil & Gas Industry Estimates And Forecasts, Zinc Phosphate, 2016 - 2027 (USD Million)
CHAPTER 5 U.S. PHOSPHATE CONVERSION COATINGS MARKET FOR OIL & GAS INDUSTRY: SUBSTRATE ESTIMATES & TREND ANALYSIS
5.1 Substrate Movement Analysis & Market Share, 2019 & 2027
5.2 Cast Iron
5.2.1 Market For Oil & Gas Industry Estimates And Forecasts, Cast Iron, 2016 - 2027 (USD Million)
5.3 Steel
5.3.1 Market For Oil & Gas Industry Estimates And Forecasts, Steel, 2016 - 2027 (USD Million)
5.4 Others
5.4.1 Market For Oil & Gas Industry Estimates And Forecasts, Others, 2016 - 2027 (USD Million)
CHAPTER 6 COMPETITIVE LANDSCAPE
6.1 Key Players And Recent Developments & Their Impact On The Industry
6.2 Key Company/Competition Categorization
6.3 Vendor Landscape
6.3.1 List Of Key Distributors & Channel Partners
6.3.2 Key Contractor/Installation Service Provider
6.4 Public Companies
6.4.1 Competitive Dashboard Analysis
6.5 Private Companies
6.5.1 List Of Key Emerging Companies/Technology Disruptors/Innovators And Their Geographical Presence
CHAPTER 7 COMPANY PROFILES
7.1 Henkel Ag & Company, Kgaa
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.2 Ppg Industries, Inc.
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.3 The Sherwin-Williams Company
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.4 Axalta Coating Systems, Llc
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Basf Se
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Nihon Parkerizing Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.7 Keystone Corporation
7.7.1 Company Overview
7.7.2 Product Benchmarking
7.8 Freiborne Industries
7.8.1 Company Overview
7.8.2 Product Benchmarking
7.9 Hubbard Hall
7.9.1 Company Overview
7.9.2 Product Benchmarking
7.10 Crest Chemicals
7.10.1 Company Overview
7.10.2 Product Benchmarking
LIST OF TABLES
Table 1 List of Abbreviations
Table 2 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by manganese phosphate, 2016 - 2027 (USD Million)
Table 3 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by iron phosphate, 2016 - 2027 (USD Million)
Table 4 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by zinc phosphate, 2016 - 2027 (USD Million)
Table 5 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by cast iron, 2016 - 2027 (USD Million)
Table 6 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by steel, 2016 - 2027 (USD Million)
Table 7 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by others, 2016 - 2027 (USD Million)
Table 1 List of Abbreviations
Table 2 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by manganese phosphate, 2016 - 2027 (USD Million)
Table 3 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by iron phosphate, 2016 - 2027 (USD Million)
Table 4 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by zinc phosphate, 2016 - 2027 (USD Million)
Table 5 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by cast iron, 2016 - 2027 (USD Million)
Table 6 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by steel, 2016 - 2027 (USD Million)
Table 7 U.S. phosphate conversion coatings market for oil & gas industry estimates and forecasts, by others, 2016 - 2027 (USD Million)
LIST OF FIGURES
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Snapshot
Fig. 8 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Market Segmentation
Fig. 9 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Penetration & Growth Prospects Mapping
Fig. 10 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Value chain analysis
Fig. 11 Crude Oil and Natural Gas Drilling Activity in the U.S. (2015 - 2018)
Fig. 12 Porters Five Forces Analysis
Fig. 13 PESTEL Analysis
Fig. 14 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Product movement analysis, 2019 & 2027
Fig. 15 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Substrate movement analysis, 2019 & 2027
Fig. 16 Competitive dashboard analysis
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Snapshot
Fig. 8 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Market Segmentation
Fig. 9 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Penetration & Growth Prospects Mapping
Fig. 10 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Value chain analysis
Fig. 11 Crude Oil and Natural Gas Drilling Activity in the U.S. (2015 - 2018)
Fig. 12 Porters Five Forces Analysis
Fig. 13 PESTEL Analysis
Fig. 14 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Product movement analysis, 2019 & 2027
Fig. 15 U.S. Phosphate Conversion Coatings Market for Oil & Gas Industry: Substrate movement analysis, 2019 & 2027
Fig. 16 Competitive dashboard analysis
