The latest update of “Global Offshore Corrosion Protection Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Offshore Corrosion Protection Market.
Overview of the Offshore Corrosion Protection Market:
Launch of new products is expected to propel growth of the global offshore corrosion protection market over the forecast period. For instance, in August 2018, Jotun A/S launched Tankguard Flexline for a cargo tank coating that facilitates cargo flexibility, long-term performance, and vessel utilization, at SMM, an international maritime trade fair held in Hamburg, Germany.
Increasing investment in renewable energy is expected to offer lucrative growth opportunities for players in the global offshore corrosion protection market. For instance, in June 2020, Schultz Industrial Services, Aegion Corporation’s subsidiary of the Energy Services segment, was awarded the mechanical construction services contract for a groundbreaking renewable diesel project at a California refinery. Moreover, increasing generation of renewable energy is also expected to aid in growth of the market. For instance, according to the U.K.’s Department for Business, Energy and Industrial Strategy, wind generated 30% of the UK’s power in the first quarter of 2020, more than the previous record of 22.3% set in the fourth quarter of 2019, with 15.2% coming from offshore capacity and 14.7% from onshore.
However, decline in the oil and gas sector is expected to hinder growth of the global offshore corrosion protection market. For instance, according to Fitch Ratings Inc., the U.S.-based credit rating agency, the oil and gas sector is expected to lose US$1.8 trillion in 2020. Moreover, emergence of Covid-19 is also expected to limit growth of the market. For instance, globally, as of 3:53pm CEST, 28 June 2020, there have been 9,843,073 confirmed cases of COVID-19, including 495,760 deaths, reported to World Health Organization.
Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in August 2019, Jotun A/S signed an agreement with Wallenius Wilhelmsen to provide its Hull Performance Solution (HPS) with advanced antifouling coating systems across 42 vessels in Wallenius Wilhelmsen’s advanced RoRo fleet of ships.
Key Takeaways
- Launch of new products to augment growth of the global offshore corrosion protection market over the forecast period
- Major players in the market are focused on launching new products to expand their product portfolio. For instance, in October 2019, Akzo Nobel N. launched new Interpon Redox powder coatings range for a full array of substrates, surfaces and environments – from cable cars and chemical plants to window frames and wind turbines.
- Major players operating in the global offshore corrosion protection market include, 3M, Aegion Corporation, Akzo Nobel N.V., Ashland, Axalta Coating Systems Ltd., BASF SE, Chase Corp., Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., RPM International Inc., Southern Cathodic Protection, and The Sherwin-Williams Company
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Offshore Corrosion Protection Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Offshore Corrosion Protection Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Southern Cathodic Protection
- RPM International Inc
- Ashland
- 3M
- Akzo Nobel N.V.
- Jotun A/S
- Hempel A/S
- Axalta Coating Systems Ltd.
- Kansai Paint Co., Ltd.
- The Sherwin-Williams Company
- BASF SE
- Aegion Corporation
- Chase Corp
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Offshore Corrosion Protection Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Coatings
- Corrosion Inhibitors (Liquid Phase Inhibitors and Volatile Corrosion Inhibitors)
- Cathodic Protection (Sacrificial Anode Cathodic Protection and Impressed Current Cathodic Protection])
- Others
By Applications, the market is segmented into:
- Pipelines
- Rigs
- Platforms
- Ships/Vessels
- Offshore Wind Turbines
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Offshore Corrosion Protection Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Offshore Corrosion Protection Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Offshore Corrosion Protection Market
1.6.1 How the Covid-19 is Affecting the Offshore Corrosion Protection Market
1.6.1.1 Offshore Corrosion Protection Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Offshore Corrosion Protection Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Offshore Corrosion Protection Market Perspective (2015-2027)
2.2 Offshore Corrosion Protection Market Growth Trends by Regions
2.2.1 Offshore Corrosion Protection Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Offshore Corrosion Protection Market Historic Market Share by Regions (2015-2021)
2.2.3 Offshore Corrosion Protection Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Offshore Corrosion Protection Market Growth Strategy
2.3.6 Primary Interviews with Key Offshore Corrosion Protection Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Offshore Corrosion Protection Market Players by Market Size
3.1.1 Global Top Offshore Corrosion Protection Market Players by Revenue (2015-2021)
3.1.2 Global Offshore Corrosion Protection Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Offshore Corrosion Protection Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Offshore Corrosion Protection Market Concentration Ratio
3.2.1 Global Offshore Corrosion Protection Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Offshore Corrosion Protection Market Revenue in 2019
3.3 Offshore Corrosion Protection Market Key Players Head office and Area Served
3.4 Key Players Offshore Corrosion Protection Market Product Solution and Service
3.5 Date of entering into Offshore Corrosion Protection Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Offshore Corrosion Protection Market Historic Market Size by Type (2015-2021)
4.2 Global Offshore Corrosion Protection Market Forecasted Market Size by Type (2021-2027)
5 Offshore Corrosion Protection Market Breakdown Data by Application (2015-2027)
5.1 Global Offshore Corrosion Protection Market Size by Application (2015-2021)
5.2 Global Offshore Corrosion Protection Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Offshore Corrosion Protection Market Size (2015-2021)
6.2 Offshore Corrosion Protection Market Key Players in North America (2019-2021)
6.3 North America Offshore Corrosion Protection Market Size by Type (2015-2021)
6.4 North America Offshore Corrosion Protection Market Size by Application (2015-2021)
7 Europe
7.1 Europe Offshore Corrosion Protection Market Size (2015-2021)
7.2 Offshore Corrosion Protection Market Key Players in Europe (2019-2021)
7.3 Europe Offshore Corrosion Protection Market Size by Type (2015-2021)
7.4 Europe Offshore Corrosion Protection Market Size by Application (2015-2021)
8 China
8.1 China Offshore Corrosion Protection Market Size (2015-2021)
8.2 Offshore Corrosion Protection Market Key Players in China (2019-2021)
8.3 China Offshore Corrosion Protection Market Size by Type (2015-2021)
8.4 China Offshore Corrosion Protection Market Size by Application (2015-2021)
9 Japan
9.1 Japan Offshore Corrosion Protection Market Size (2015-2021)
9.2 Offshore Corrosion Protection Market Key Players in Japan (2019-2021)
9.3 Japan Offshore Corrosion Protection Market Size by Type (2015-2021)
9.4 Japan Offshore Corrosion Protection Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Offshore Corrosion Protection Market Size (2015-2021)
10.2 Offshore Corrosion Protection Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Offshore Corrosion Protection Market Size by Type (2015-2021)
10.4 Southeast Asia Offshore Corrosion Protection Market Size by Application (2015-2021)
11 India
11.1 India Offshore Corrosion Protection Market Size (2015-2021)
11.2 Offshore Corrosion Protection Market Key Players in India (2019-2021)
11.3 India Offshore Corrosion Protection Market Size by Type (2015-2021)
11.4 India Offshore Corrosion Protection Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Offshore Corrosion Protection Market Size (2015-2021)
12.2 Offshore Corrosion Protection Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Offshore Corrosion Protection Market Size by Type (2015-2021)
12.4 Central & South America Offshore Corrosion Protection Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Offshore Corrosion Protection Market Introduction
13.4 Offshore Corrosion Protection Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Offshore Corrosion Protection Market Key Market Segments
Table 2. Key Players Covered: Ranking by Offshore Corrosion Protection Market Revenue
Table 3. Ranking of Global Top Offshore Corrosion Protection Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Offshore Corrosion Protection Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Offshore Corrosion Protection Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Offshore Corrosion Protection Market Players to Combat Covid-19 Impact
Table 10. Global Offshore Corrosion Protection Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Offshore Corrosion Protection Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Offshore Corrosion Protection Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Offshore Corrosion Protection Market Share by Regions (2015-2021)
Table 14. Global Offshore Corrosion Protection Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Offshore Corrosion Protection Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Offshore Corrosion Protection Market Growth Strategy
Table 20. Main Points Interviewed from Key Offshore Corrosion Protection Market Players
Table 21. Global Offshore Corrosion Protection Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Offshore Corrosion Protection Market Share by Players (2015-2021)
Table 23. Global Top Offshore Corrosion Protection Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Offshore Corrosion Protection Market as of 2019)
Table 24. Global Offshore Corrosion Protection Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Offshore Corrosion Protection Market Product Solution and Service
Table 27. Date of entering into Offshore Corrosion Protection Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 30. Global Offshore Corrosion Protection Market Size Share by Type (2015-2021)
Table 31. Global Offshore Corrosion Protection Market Revenue Market Share by Type (2021-2027)
Table 31. Global Offshore Corrosion Protection Market Size Share by Application (2015-2021)
Table 33. Global Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 34. Global Offshore Corrosion Protection Market Size Share by Application (2021-2027)
Table 35. North America Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 37. North America Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 38. North America Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 39. North America Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 40. North America Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 41. Europe Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 43. Europe Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 45. Europe Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 47. China Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 49. China Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 50. China Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 51. China Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 52. China Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 53. Japan Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 55. Japan Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 57. Japan Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 61. Southeast Asia Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 63. Southeast Asia Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 65. India Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 67. India Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 68. India Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 69. India Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 70. India Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Offshore Corrosion Protection Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Offshore Corrosion Protection Market Share (2019-2021)
Table 73. Central & South America Offshore Corrosion Protection Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Offshore Corrosion Protection Market Share by Type (2015-2021)
Table 75. Central & South America Offshore Corrosion Protection Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Offshore Corrosion Protection Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Offshore Corrosion Protection Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Offshore Corrosion Protection Market Share by Type: 2021 VS 2027
Figure 2. Global Offshore Corrosion Protection Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Offshore Corrosion Protection Market Report Years Considered
Figure 8. Global Offshore Corrosion Protection Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Offshore Corrosion Protection Market Share by Regions: 2021 VS 2027
Figure 10. Global Offshore Corrosion Protection Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Offshore Corrosion Protection Market Share by Players in 2019
Figure 13. Global Top Offshore Corrosion Protection Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Offshore Corrosion Protection Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Offshore Corrosion Protection Market Revenue in 2019
Figure 15. North America Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Offshore Corrosion Protection Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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