Global Oil and Gas Corrosion Protection Market Size Study, by Type (Coatings, Paints, Inhibitors, Others), by Location (Offshore, Onshore), by Sector (Upstream, Midstream, Downstream) and Regional Forecasts 2022-2032

Description

The Global Oil and Gas Corrosion Protection Market is valued approximately at USD 10.30 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.05% over the forecast period 2024-2032. The Oil and Gas Corrosion Protection Market plays a pivotal role in ensuring the longevity and reliability of critical infrastructure within the energy sector. As the industry grapples with harsh operational conditions and evolving regulatory standards, the demand for advanced corrosion protection solutions continues to rise. Navigating the complexities of this market requires companies to balance cost-effective solutions, regulatory compliance, and technological innovation. The imperative of ensuring asset integrity in the face of expanding industry operations drives the market towards a new era of innovation and sustainability.

The market's significant growth is propelled by the expansion of exploration and production activities, necessitating effective corrosion protection to safeguard new installations and enhance existing infrastructure. As oil and gas companies explore new reserves and increase production to meet rising global energy demands, the infrastructure supporting these operations faces intensified exposure to harsh environmental conditions. Technological advancements in materials and coatings, along with the integration of real-time monitoring systems, are key drivers in this market. Advanced polymers, nanocomposites, and corrosion-resistant alloys offer superior resistance to corrosive elements, extending the lifespan of equipment and reducing maintenance costs. Furthermore, the adoption of AI and ML technologies revolutionizes corrosion prediction and prevention, enhancing the overall efficiency and reliability of oil and gas infrastructure.

However, the market faces challenges such as harsh operating conditions and supply chain disruptions. Offshore platforms, pipelines, and processing facilities are subjected to corrosive forces of seawater, aggressive chemicals, and extreme temperatures, necessitating robust solutions that can withstand these elements over the long term. The dependency on a global network of suppliers for key materials and technologies used in corrosion protection poses another challenge. Geopolitical tensions, natural disasters, and unexpected events like the global pandemic can disrupt this delicate balance, leading to shortages, increased costs, and delays in the delivery of essential materials.

The key regions considered for the global Oil and Gas Corrosion Protection Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Oil and Gas Corrosion Protection Market in terms of revenue. The growth of the Oil and Gas Corrosion Protection Market in North America is supported by several key factors. These include stringent regulatory requirements ensuring infrastructure integrity, increasing investments in pipeline and offshore projects, technological advancements in corrosion-resistant materials and coatings, and rising awareness among operators about the long-term cost benefits of corrosion prevention. Additionally, the region's extensive existing infrastructure necessitates ongoing maintenance and upgrades, driving demand for corrosion protection solutions across the oil and gas sector. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.

Major market players included in this report are:

3M Company
Akzo Nobel N.V.
Hempel A/S
BASF SE
The Sherwin Williams Company
RPM International, Inc
Jotun A/S
Chase Corporation
Axalta Coating Systems Pvt Ltd
Metal Coatings Corporation

The detailed segments and sub-segment of the market are explained below:

By Type:

Coatings
Paints
Inhibitors
Others

By Location:

Offshore
Onshore

By Sector:

Upstream
Midstream
Downstream

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Oil and Gas Corrosion Protection Market Executive Summary

1.1. Global Oil and Gas Corrosion Protection Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Location
- 1.3.3. By Sector
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Oil and Gas Corrosion Protection Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Oil and Gas Corrosion Protection Market Dynamics

3.1. Market Drivers
- 3.1.1. Expansion of Exploration and Production Activities
- 3.1.2. Technological Advancements
- 3.1.3. Focus on Maintenance and Inspection Programs
3.2. Market Challenges
- 3.2.1. Harsh Operating Conditions
- 3.2.2. Supply Chain Disruptions
3.3. Market Opportunities
- 3.3.1. Focus on Preventive Maintenance
- 3.3.2. Environmental Sustainability
- 3.3.3. Microbiologically Influenced Corrosion (MIC) Mitigation

Chapter 4. Global Oil and Gas Corrosion Protection Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Oil and Gas Corrosion Protection Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Oil and Gas Corrosion Protection Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Coatings
- 5.2.2. Paints
- 5.2.3. Inhibitors
- 5.2.4. Others

Chapter 6. Global Oil and Gas Corrosion Protection Market Size & Forecasts by Location 2022-2032

6.1. Segment Dashboard
6.2. Global Oil and Gas Corrosion Protection Market: Location Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Offshore
- 6.2.2. Onshore

Chapter 7. Global Oil and Gas Corrosion Protection Market Size & Forecasts by Sector 2022-2032

7.1. Segment Dashboard
7.2. Global Oil and Gas Corrosion Protection Market: Sector Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Upstream
- 7.2.2. Midstream
- 7.2.3. Downstream

Chapter 8. Global Oil and Gas Corrosion Protection Market Size & Forecasts by Region 2022-2032

8.1. North America Oil and Gas Corrosion Protection Market
- 8.1.1. U.S. Oil and Gas Corrosion Protection Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Location breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Sector breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Oil and Gas Corrosion Protection Market
8.2. Europe Oil and Gas Corrosion Protection Market
- 8.2.1. U.K. Oil and Gas Corrosion Protection Market
- 8.2.2. Germany Oil and Gas Corrosion Protection Market
- 8.2.3. France Oil and Gas Corrosion Protection Market
- 8.2.4. Spain Oil and Gas Corrosion Protection Market
- 8.2.5. Italy Oil and Gas Corrosion Protection Market
- 8.2.6. Rest of Europe Oil and Gas Corrosion Protection Market
8.3. Asia-Pacific Oil and Gas Corrosion Protection Market
- 8.3.1. China Oil and Gas Corrosion Protection Market
- 8.3.2. India Oil and Gas Corrosion Protection Market
- 8.3.3. Japan Oil and Gas Corrosion Protection Market
- 8.3.4. Australia Oil and Gas Corrosion Protection Market
- 8.3.5. South Korea Oil and Gas Corrosion Protection Market
- 8.3.6. Rest of Asia Pacific Oil and Gas Corrosion Protection Market
8.4. Latin America Oil and Gas Corrosion Protection Market
- 8.4.1. Brazil Oil and Gas Corrosion Protection Market
- 8.4.2. Mexico Oil and Gas Corrosion Protection Market
- 8.4.3. Rest of Latin America Oil and Gas Corrosion Protection Market
8.5. Middle East & Africa Oil and Gas Corrosion Protection Market
- 8.5.1. Saudi Arabia Oil and Gas Corrosion Protection Market
- 8.5.2. South Africa Oil and Gas Corrosion Protection Market
- 8.5.3. Rest of Middle East & Africa Oil and Gas Corrosion Protection Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3M Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Akzo Nobel N.V.
- 9.3.3. Hempel A/S
- 9.3.4. BASF SE
- 9.3.5. The Sherwin Williams Company
- 9.3.6. RPM International, Inc
- 9.3.7. Jotun A/S
- 9.3.8. Chase Corporation
- 9.3.9. Axalta Coating Systems Pvt Ltd
- 9.3.10. Metal Coatings Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes