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Global Oil and Gas Corrosion Protection Market 2017-2021

Global Oil and Gas Corrosion Protection Market 2017-2021

About Oil and Gas Corrosion Protection

Corrosion is a process of dissolution of metals due to the chemical reaction of metals with their environment. Some metals corrode faster than others. The corrosion that occurs in offshore oil and gas production is a critical issue as compared to onshore exploration and production. In offshore exploration, the corrosion is mainly initiated by the presence of oxygen and is worsened by the presence of chloride, as seawater is an excellent conductor. The oil and gas industry is a high risk and capital-intensive market. The assets of onshore and offshore exploration and production range from wells and drilling rigs to risers and pipelines.

Technavio’s analysts forecast the global oil and gas corrosion protection market to grow at a CAGR of 4.24% during the period 2017-2021 .

Covered in this report

The report covers the present scenario and the growth prospects of the global oil and gas corrosion protection market for 2017-2021 . To calculate the market size, the report considers the revenues generated from various sectors such as downstream, midstream, and downstream.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oil and Gas Corrosion Protection Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • 3M
  • Akzo Nobel
  • BASF
  • Hempel
  • The Sherwin-Williams Company
Other prominent vendors
  • Aegion
  • Ashland
  • Axalta Coating Systems
  • Belzona International
  • Chase
  • Impreglon
  • Jotun
  • KANSAI PAINT
  • Metal Coatings
  • RPM
Market driver
  • Oil and gas exploration and production activities
  • For a full, detailed list, view our report
Market challenge
  • Volatility in crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Advancement in technology for corrosion detection
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Oil and Gas Corrosion Protection Market 2017-2021

Technavio recognizes the following companies as the key players in the global oil and gas corrosion protection market: 3M, Akzo Nobel, BASF, Hempel, and The Sherwin-Williams Company

Other Prominent Vendors in the market are: Aegion, Ashland, Axalta Coating Systems, Belzona International, Chase, Impreglon, Jotun, KANSAI PAINT, Metal Coatings, and RPM.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advancement in technology for corrosion detection. Increase in R&D activities for the detection of corrosion in the onshore and offshore applications is expected to foster the market growth. Corrosion monitoring and inspection with sensors, digital radiography, remote visual inspection flaw detectors and ultrasonic thickness gauges, and eddy current and X-ray technology are expected to augment the market growth.”

According to the report, one of the major drivers for this market is Oil and gas exploration and production activities. Development of drilling technologies has revolutionized the oil and gas industry. It has enabled access to remote locations, unconventional formations, and deep-water regions. This plays a key role in driving the consumption of corrosion protection products and services. Technological innovations, such as horizontal drilling and hydraulic fracturing, have unlocked an unconventional potential of several regions in the US, Saudi Arabia, Russia, Mexico, and Canada. As of 2015, there are about 300,000 hydraulically fractured wells in the US, and they contributed to more than 4.3 million barrels per day of oil. Canada had more than 572 trillion cubic feet of technically recoverable wet shale gas, in 2016.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in crude oil prices. The volatility in crude oil prices will directly affect the exploration and production of oil and gas. The low price of crude oil will reduce the demand for new rigs. The reduction in demand for new rigs will hinder onshore and offshore exploration and drilling activities, thereby reducing the demand for corrosion protection.

Companies Mentioned

3M, Akzo Nobel, BASF, Hempel, The Sherwin-Williams Company, Aegion, Ashland, Axalta Coating Systems, Belzona International, Chase, Impreglon, Jotun, KANSAI PAINT, Metal Coatings, and RPM.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Important functions of oil and gas corrosion protection
      • Table Oil and gas corrosion protection by type 2016
  • Market landscape
    • Market overview
      • Table Global oil and gas corrosion protection market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by location
    • Global oil and gas corrosion protection market by location
      • Table Global oil and gas corrosion protection market by location 2016 (% share of revenue)
      • Table Global oil and gas corrosion protection market by location 2021 (% share of revenue)
    • Global oil and gas corrosion protection market by offshore location
      • Table Global oil and gas corrosion protection market by offshore location 2016-2021 ($ millions)
    • Global oil and gas corrosion protection market by onshore location
      • Table Global oil and gas corrosion protection market by onshore location 2016 and 2021 ($ millions)
  • Market segmentation by sector
    • Global oil and gas corrosion protection market by sector
      • Table Global oil and gas corrosion protection market by sector type 2016 (% share of revenue)
      • Table Global oil and gas corrosion protection market by sector type 2021 (% share of revenue)
    • Global oil and gas corrosion protection market by upstream sector
      • Table Global oil and gas corrosion protection market by upstream sector 2016-2021 ($ millions)
    • Global oil and gas corrosion protection market by midstream sector
      • Table Global oil and gas corrosion protection market by midstream sector 2016-2021 ($ millions)
    • Global oil and gas corrosion protection market by downstream sector
      • Table Global oil and gas corrosion protection market by downstream sector 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global oil and gas corrosion protection market by geography – market size & forecast
    • Regional comparison
      • Table Regional comparison
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year over year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year over year growth
      • Table Top 3 countries in Americas
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ millions)
      • Table APAC – Year over year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global offshore production by water depths (million barrels per day)
    • Market challenges
      • Table Global prices of crude oil (dollars per barrel)
  • Market trends
    • Advancement in technology for corrosion detection
    • Mobile coating technologies
    • Self-healing protection for pipeline corrosion
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global oil and gas corrosion protection market: Key vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • 3M
      • Table 3M: Business segmentation by revenue 2016
      • Table 3M: Geographical segmentation by revenue 2016
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016
      • Table Akzo Nobel: Geographical segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Hempel
      • Table Hempel: Business segmentation 2016
      • Table Hempel: Geographical segmentation by revenue 2016
    • The Sherwin-Williams Company
      • Table The Sherwin-Williams Company: Business segmentation by revenue 2016
      • Table The Sherwin-Williams Company: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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