The latest report by IMARC Group, titled “Oil and Gas Corrosion Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. 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% during 2023-2028.
Oil and gas corrosion prevention is the use of anti-corrosive systems and technologies to prevent the degradation of various metals in aqueous environments, such as steel, nickel, titanium, copper chromium, and so on. It entails the mitigation, monitoring, inspection, and cleaning of crude oil and natural gas wells and pipelines, among other things. Cathodic and anodic protection, chemical dosing, material selection, the application of inhibitors and protective internal and exterior coatings, and other methods are used in oil and gas corrosion protection. They are employed in upstream, middle, and downstream pipeline systems to combat various types of corrosion. Oxygen, crevice, galvanic, erosion, sweet, sour, stress, and microbiologically driven corrosions are among them. Oil and gas corrosion prevention systems also help to increase plant availability, prevent pipe rust or leaks, reduce environmental damage, and so on. Heavy Duty Paint
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Oil and Gas Corrosion Protection Market Trends and Drivers:
The increasing number of offshore oil and gas exploration operations, together with the growing demand for effective corrosion protection systems for wells, drilling rigs, pipeline connections, and other equipment, is majorly driving the oil and gas corrosion protection market. Furthermore, the increasing acceptance of these solutions in the transportation industry for moving natural gas, oil, intermediate products, and so on is fueling market expansion. Aside from that, the introduction of innovative coating materials based on alkyd, polyurethane, and acrylic compounds for increased substrate protection, water and heat resistance, enhanced physical qualities, and so on is expanding the global market. Additionally, many product developments and technological breakthroughs, such as the development of epoxy-based coatings, are expected to stimulate the oil and gas corrosion protection market throughout the estimated period.
The report has segmented the market into the following categories:
Competitive Landscape with Key Player:
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