Oil And Gas Corrosion Protection Market To Reach $11.64 Billion By 2030

Oil And Gas Corrosion Protection Market Growth & Trends

The global oil and gas corrosion protection market size is expected to reach USD 11.65 billion by 2030, registering a CAGR of 2.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period owing to rising demand from the North America region. Corrosion protection products are widely consumed in various applications sectors such as upstream, midstream and downstream.

Growing need for transportation or supply infrastructure coupled with increasing energy demand worldwide is propelling the demand for advanced products, which will prevent the atmospheric corrosion. North America is expected to experience higher growth rates primarily owing to the presence of upstream sector and presence of number of rigs, coupled with the availability of shale and other tight resources. Coating type dominated the market globally. The other key protection types include paints, inhibitors, and others.

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Oil And Gas Corrosion Protection Market Report Highlights

• Based on the type, the coatings segment dominated the oil and gas corrosion protection market and accounted for a revenue share of 38.4% in 2023.

• The offshore segment in the oil and gas corrosion protection market dominated the market in 2023.

• Based on the sector, the upstream segment dominated the global industry in 2023. The nature of operating conditions, advanced performance requirements, and the rise in stringent regulations mainly drive the segment.

• The Middle East and Africa oil and gas corrosion protection market dominated the market with a revenue share of 32.5% in 2023.

Oil And Gas Corrosion Protection Market Segmentation

Grand View Research has segmented global oil and gas corrosion protection market report based on type, location, sector, and region:

Oil And Gas Corrosion Protection Type Outlook (Revenue, USD Million, 2018 - 2030)

• Coatings

• Paints

• Corrosion Inhibitors

• Others

Oil And Gas Corrosion Protection Location Outlook (Revenue, USD Million, 2018 - 2030)

• Offshore

• Onshore

Oil And Gas Corrosion Protection Sector Outlook (Revenue, USD Million, 2018 - 2030)

• Upstream

• Midstream

• Downstream

Oil And Gas Corrosion Protection Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Russia

  • Norway

  • UK

• Asia Pacific

  • China

  • Australia

  • India

  • Kazakhstan

• Central & South America

  • Brazil

  • Argentina

  • Columbia

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Oman

  • Qatar

  • Kuwait

  • Egypt

List of Key Players of Oil And Gas Corrosion Protection Market

• SLB (Schlumberger Limited)

• Northern Technologies International Corporation

• Cortec Corporation

• Maxwell Additives Pvt. Ltd.

• Imperial Oilfield Chemicals Pvt. Ltd.

• Hexigone Inhibitors Ltd.

• Axalta Coating Systems

• Teknos (Teknos Group)

• 3M