Offshore Corrosion Protection Market to Perceive Substantial Growth During 2025
Corrosion
is caused by the reaction between metal and gasses in the
environment. Deterioration in metal surface can be proximately
reduced by changing the type of environment or removing the metal.
Metal corrosion can be controlled by limiting the contents in
environment such as chloride, sulfur, or oxygen. Offshore oil &
gas exploration, transportation, and refining activities lead to
deterioration of metals owing to reaction with various chemicals and
gaseous present in the environment.
Read
Report Overview @
Galvanic
corrosion often attacks offshore rigs, ship hulls, and oil & gas
pipelines. Various regulatory bodies such as Occupational Safety and
Health Administration (OSHA) and the National Association of
Corrosion Engineers (NACE) have levied stringent regulations on the
usage of the corrosion protection method or products for operators’
safety. NACE has designed the standards for quality of coatings
applied externally and internally to pipelines in order to mitigate
corrosion. In order to maintain technical standards for construction,
operation and survey of vessels, offshore structures, oil platform,
and submarine by various non-governmental organization named as
classification society. Classification societies such as the Lloyd's
Register, the American Bureau of Shipping, and Indian Register of
Shipping carry out regular surveys to ensure compliance with the
standards.
The
offshore corrosion protection market can be segmented into technique,
application, and region. Based on technique, the market can be
divided into coatings, corrosion inhibitors, and cathodic protection.
Coatings are used on pipelines to protect them from deterioration.
Common types of coatings are painting and plating. These provide
effective corrosion protection and esthetic appearance. Corrosion
inhibitors are split into liquid phase inhibitors (LPIs) and volatile
corrosion inhibitors (VCIs). Cathodic protection is more effective in
preventing corrosion for offshore based industries. Cathodic
protection can further be divided into two forms: sacrificial anode
cathodic protection (SACP) and impressed current cathodic protection
(ICCP). SACP is widely used, as it is more economical and easier to
employ than ICCP.
Based
on application, the market can be segmented into pipelines, rigs,
platform, ships, offshore wind turbine, and others. Transportation or
supply of products such as natural gas, crude oil, and intermediate
products from various modes such as pipelines and marine are being
increased in past few years and this factor is expected to propel the
market growth over the forecast period. This will drive the demand of
corrosion prevention market during forecast period. Based on region,
the offshore corrosion protection market can be segregated into North
America, Latin America, Asia Pacific, Europe, and Middle East &
Africa.
North
America is the key region of the market owing to the presence of
major oil & gas exploration companies in the U.S. and Canada.
Infrastructure developments and government initiatives in these
countries are further propelling the offshore corrosion protection
market. Rapid technological advancements and infrastructure
development in the oil & gas sector are also expected to drive
the demand for offshore corrosion protection during the forecast
period. By increasing demand of energy in various countries, are
highly dependent on export and import led to increase the demand of
cargo vessels. This is anticipated to boost the offshore corrosion
protection market in the near future. Increase in demand for oil and
gas due to the rapid rise in population and growth in
industrialization in Asia Pacific are augmenting the offshore
corrosion protection market in the region.
Request
to view Sample Report:
Key
players operating in the global offshore corrosion protection market
are Southern Cathodic Protection, 3M Company, The Valspar
Corporation, AkzoNobel N.V, Chase Corporation, Jotun A/S, Hempel A/S,
Axalta Coating System Ltd., Kansai Paints Co. Ltd., The
Sherwin-Williams Company, RPM International, Inc., Aegion
Corporation, Ashland Inc., and BASF SE.
Comments
Post a Comment