Analysis of the Global Corrosion Monitoring Market
End users are starting to prefer non-intrusive corrosion monitoring techniques in cases where the need for process-related information is not critical. This is mainly due to the inherent disadvantages related to safety in intrusive corrosion monitoring. The key technique under non-intrusive corrosion monitoring that has gained wide-scale adoption is ultrasonic thickness gauging based corrosion monitoring solutions. Approximately 80% of the total corrosion monitoring market revenue is derived from the oil and gas industry. Hence, the low oil prices are restraining the upstream and midstream oil and gas segments of the market. The impact on the downstream oil and gas segment has been fairly negligible.
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