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Oil and Gas Corrosion Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global oil and gas corrosion protection market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2021-2026. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Location, Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global oil and gas corrosion protection market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global oil and gas corrosion protection market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the location?
  • What is the breakup of the market based on the sector?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global oil and gas corrosion protection market and who are the key players?
  • What is the degree of competition in the industry?

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 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$), 2015-2020
Figure 3: Global: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Oil and Gas Corrosion Protection Market: Breakup by Type (in %), 2020
Figure 5: Global: Oil and Gas Corrosion Protection Market: Breakup by Location (in %), 2020
Figure 6: Global: Oil and Gas Corrosion Protection Market: Breakup by Sector (in %), 2020
Figure 7: Global: Oil and Gas Corrosion Protection Market: Breakup by Region (in %), 2020
Figure 8: Global: Oil and Gas Corrosion Protection (Coatings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Oil and Gas Corrosion Protection (Coatings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Oil and Gas Corrosion Protection (Paints) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Oil and Gas Corrosion Protection (Paints) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Oil and Gas Corrosion Protection (Inhibitors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Oil and Gas Corrosion Protection (Inhibitors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Oil and Gas Corrosion Protection (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Oil and Gas Corrosion Protection (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Oil and Gas Corrosion Protection (Offshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Oil and Gas Corrosion Protection (Offshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Oil and Gas Corrosion Protection (Onshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Oil and Gas Corrosion Protection (Onshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Oil and Gas Corrosion Protection (Upstream) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Oil and Gas Corrosion Protection (Upstream) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Oil and Gas Corrosion Protection (Midstream) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Oil and Gas Corrosion Protection (Midstream) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Oil and Gas Corrosion Protection (Downstream) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Oil and Gas Corrosion Protection (Downstream) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Oil and Gas Corrosion Protection Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Oil and Gas Corrosion Protection Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: Oil and Gas Corrosion Protection Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Location (in Million US$), 2021-2026
Table 4: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Sector (in Million US$), 2021-2026
Table 5: Global: Oil and Gas Corrosion Protection Market Forecast: Breakup by Region (in Million US$), 2021-2026
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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