Growing Overseas Power Generation Activities to Provide Impetus to Development of Global Offshore Corrosion Protection Market; Valuation to Rise up to US$13 Bn by 2030, Find TMR

- In the past few decades, the technologies for offshore corrosion protection have developed at a great speed. This, in turn, has helped fueling the overall growth of the global market

- It is projected that in the near future, organic coatings will gradually phase out ineffective and expensive traditional coatings

ALBANY, New York, May 29, 2020 /PRNewswire/ -- Transparency Market Research has recently published a new research report providing intricate details about the overall working dynamics and performance metrics of the global offshore corrosion protection market. In this research report readers can get detailed and meaningful insights about the key driving factors, restraining factors, prominent segments, overall geographical outlook, and the current overview of the competitive landscape of the global offshore corrosion protection market.

As per the research report, the global offshore corrosion protection market was initially valued at US$9.5 Bn in 2019. The report further states that the market is expected to showcase a moderate CAGR of ~3% over the course of the given forecast period ranging from 2020 to 2030. With this rate of growth, the valuation of the global market is projected to rise up to US$13 Bn by the fall of 2030.

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Global Offshore Corrosion Protection Market – Key Takeaways

• Based on technology, the global offshore corrosion protection market is segmented into coatings, corrosion inhibitors, cathodic protection, and others. Of these, the global market is expected to be led by the segment of cathodic protection. It is a highly efficient technique of preventing corrosion on the metal surfaces.
• Based on application, the global market is projected to be led by the segment of pipelines. It accounted for a considerable share in the global market in 2019 due to growing investments in the international oil & gas sector.

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Offshore Corrosion Protection Market (Technology: Coatings, Corrosion Inhibitors [Liquid Phase Inhibitors and Volatile Corrosion Inhibitors], Cathodic Protection [Sacrificial Anode Cathodic Protection and Impressed Current Cathodic Protection], and Others; and Application: Pipelines, Rigs, Platforms, Ships/Vessels, Offshore Wind Turbines, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/pressrelease/offshore-corrosion-protection-market.htm