PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625443
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625443
The oil and gas corrosion protection market size is expected to reach USD 12.54 billion by 2034, according to a new study by Polaris Market Research. The report "Oil and Gas Corrosion Protection Market Share, Size, Trends, Industry Analysis Report: By Type, Location, Sector (Upstream, Midstream, and Downstream), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising global demand for oil and gas has led to increased exploration and production efforts, especially in marginal resources and challenging environments. Companies are focusing on optimizing production by investing in the development of new drilling operations and improving existing facilities. This expansion requires the construction and maintenance of extensive infrastructure, such as pipelines, storage tanks, and offshore platforms, all of which are susceptible to corrosion. Therefore, to address the challenges of corrosion, which lead to operational downtime and safety issues, adopting advanced corrosion protection strategies is crucial. Consequently, the demand for protective coatings and corrosion inhibitors is growing, reflecting the industry's acknowledgment of their importance. This development highlights a proactive effort to maintain operational integrity and ensure the durability of assets associated with corrosion-related risks.
Aging oil and gas infrastructure, such as pipelines, refineries, and storage facilities, presents a significant challenge due to its increased vulnerability to corrosion over time. The operation of assets beyond their shelf life increases the probability of leaks, failures, and safety incidents. Therefore, to address these risks and prolong the operational lifespan of aging facilities, the need for advanced corrosion protection solutions is becoming increasingly essential. This necessity is driving investments in protective coatings, corrosion inhibitors, and maintenance technologies, aiming to maintain the safety and efficiency of the industry's infrastructure.
In 2024, the coatings segment, by type, led the oil and gas corrosion protection market, owing to its widespread application in essential infrastructures such as pipelines, storage tanks, and offshore platforms.
The downstream segment is anticipated to experience the fastest growth in the oil and gas corrosion protection market during the forecast period, driven by the heightened emphasis on refining and petrochemical processes that are vulnerable to corrosion from chemicals, elevated temperatures, and pressure.
In 2024, the oil and gas corrosion protection market was led by the Middle East & Africa, largely due to the region's vast oil and gas reserves in countries such as Saudi Arabia, Iraq, Kuwait, Iran, Oman, and the UAE.
The North America oil and gas corrosion protection market is projected to expand significantly in the coming years, driven by an increase in exploration and production activities.
A few global key market players are SLB; NTIC; Cortec Corporation; Maxwell Additives Pvt. Ltd.; Imperial Oilfield Chemicals Pvt. Ltd; Hexigone Inhibitors Ltd.; Axalta Coating Systems, LLC; Teknos Group; 3M; and PPG.
Polaris Market Research has segmented the oil and gas corrosion protection market report on the basis of type, location, sector, and region.
Table 1 Global Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 2 Global Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 3 Global Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 4 North America: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 5 North America: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 6 North America: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 7 U.S.: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 8 U.S.: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 9 U.S.: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 10 Canada: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 11 Canada: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 12 Canada: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 13 Europe: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 14 Europe: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 15 Europe: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 16 UK: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 17 UK: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 18 UK: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 19 France: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 20 France: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 21 France: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 22 Germany: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 23 Germany: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 24 Germany: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 25 Italy: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 26 Italy: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 27 Italy: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 28 Spain: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 29 Spain: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 30 Spain: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 31 Netherlands: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 32 Netherlands: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 33 Netherlands: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 34 Russia: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 35 Russia: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 36 Russia: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 37 Rest of Europe: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 38 Rest of Europe: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 39 Rest of Europe: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 40 Asia Pacific: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 41 Asia Pacific: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 42 Asia Pacific: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 43 China: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 44 China: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 45 China: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 46 India: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 47 India: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 48 India: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 49 Malaysia: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 50 Malaysia: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 51 Malaysia: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 52 Japan: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 53 Japan: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 54 Japan: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 55 Indonesia: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 56 Indonesia: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 57 Indonesia: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 58 South Korea: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 59 South Korea: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 60 South Korea: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 61 Australia: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 62 Australia: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 63 Australia: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 64 Rest of Asia Pacific: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 65 Rest of Asia Pacific: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 66 Rest of Asia Pacific: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 67 Middle East & Africa: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 68 Middle East & Africa: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 69 Middle East & Africa: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 70 Saudi Arabia: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 71 Saudi Arabia: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 72 Saudi Arabia: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 73 UAE: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 74 UAE: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 75 UAE: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 76 Israel: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 77 Israel: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 78 Israel: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 79 South Africa: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 80 South Africa: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 81 South Africa: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 82 Rest of Middle East & Africa: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 83 Rest of Middle East & Africa: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 84 Rest of Middle East & Africa: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 85 Latin America: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 86 Latin America: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 87 Latin America: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 88 Mexico: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 89 Mexico: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 90 Mexico: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 91 Brazil: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 92 Brazil: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 93 Brazil: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 94 Argentina: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 95 Argentina: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 96 Argentina: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
Table 97 Rest of Latin America: Oil and Gas Corrosion Protection Market, by Type, 2020-2034 (USD Billion)
Table 98 Rest of Latin America: Oil and Gas Corrosion Protection Market, by Location, 2020-2034 (USD Billion)
Table 99 Rest of Latin America: Oil and Gas Corrosion Protection Market, by Sector, 2020-2034 (USD Billion)
List of Figures:
Figure 1. Global Oil and Gas Corrosion Protection Market, 2020-2034 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Type
Figure 7. Global Oil and Gas Corrosion Protection Market, by Type, 2024 & 2034 (USD Billion)
Figure 8. Market by Location
Figure 9. Global Oil and Gas Corrosion Protection Market, by Location, 2024 & 2034 (USD Billion)
Figure 10. Market by Sector
Figure 11. Global Oil and Gas Corrosion Protection Market, by Sector, 2024 & 2034 (USD Billion)