Offshore Corrosion Protection Market Marked by Introduction of More Innovative, Reliable Techniques than Cathodic Protection

The global offshore corrosion protection market is anticipated to discover novel and more effective solutions to replace the conventional ones such as sacrificial anodes and paints. An industry consortium which includes the Welding Institute or TWI is expected to have tackled barriers associated with the adoption of thermally sprayed aluminum (TSA), which is supposed to be a game-changing corrosion control concept. TSA could offer savings in initial capital expenditure and also operations and management. Furthermore, it is believed to be a cost-effective solution providing long-term and robust corrosion protection in the offshore oil and gas sector.

According to a market intelligence report by Transparency Market Research (TMR), the global offshore corrosion protection market could see a classification based on application and technique.


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Which Offshore Corrosion Protection Technique could Top Market?

Since there could be a wide range of techniques used in the world offshore corrosion protection market, industry players are predicted to find business opportunities birthing from cathodic protection, corrosion inhibitors, and coatings. Starting with coatings, such a technique could be employed for protection from deterioration of pipelines. Plating and painting could be among the commonly used types of coatings. Besides providing an aesthetic appearance, coatings are projected to effectively manage corrosion protection, but not as effective as other techniques.

Split into volatile corrosion inhibitors (VCIs) and liquid phase inhibitors (LPIs), corrosion inhibitors are envisaged to be among the most powerful sources of offshore corrosion protection. Cathodic protection could be further segregated into impressed current cathodic protection (ICCP) and sacrificial anode cathodic protection (SACP). Owing to its easier employment and economical usage, SACP could be widely engaged. However, even such types of offshore corrosion protection techniques are envisioned to be replaced by advanced and highly researched technologies such as TSA. TWI senior project leader, Henry Begg stated that in an excess of 15.0% of the total damage area, TSA showcased tolerance while still protecting the steel substrate during some electrochemical studies.

How could North America Exhibit Dominance in Future?

Taking into account the widespread presence of large oil and gas exploration businesses in prime countries such as Canada and the U.S., North America is prognosticated to secure a stronger lead in the international offshore corrosion protection market. Government initiatives and infrastructure developed in these countries could further the demand for offshore corrosion protection in the region. The growth of the regional market could be also be fortified by rapid technological developments augmenting the adoption of offshore corrosion protection technologies. High dependency on export and import activities and growing energy demand could augur well for the regional market with the rise in demand for cargo vessels.

Asia Pacific as a developing regional market for offshore corrosion protection is prophesied to count its growth on the elevating trend of industrialization and aggressive increase in population size.

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