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Oil and Gas Corrosion Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 141 pages | ID: OA7694CDBEB6EN
IMARC Group

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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?
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
9.2 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
9.3 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
9.4 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
9.5 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

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

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


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