Cathodic Protection Market  growing at a CAGR of 5.6% through 2018-2028 - PowerPoint PPT Presentation

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Cathodic Protection Market  growing at a CAGR of 5.6% through 2018-2028


Cathodic Protection Market: Growing Demand for Corrosion Protection in Oil & Gas and Power Generation Industries Favors Growth: Global Industry Analysis (2013-2017) And Opportunity Assessment (2018-2028) – PowerPoint PPT presentation

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Title: Cathodic Protection Market  growing at a CAGR of 5.6% through 2018-2028

Cathodic Protection Market
  • March 2019

Report Id REP-GB-6526 Published On
March-2019 Category Industrial Automation and
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Cathodic Protection Market Analysis
  • Research delivers insight into the Cathodic
    Protection Market  poised to expand at 5.6
    CAGR by 2018-2028
  • VALLEY COTTAGE - According to a recent study of
    Future Market Insights (FMI), the cathodic
    protection market will witness a robust expansion
    at nearly 6 CAGR through 2028. According to the
    National Association of Corrosion Engineers'
    (NACE) 'International Measures of Prevention,
    Application and Economics of Corrosion Technology
    (IMPACT)' study, the global cost of corrosion was
    over US 2,500 Bn in 2013.
  • However, by using the current available corrosion
    control practices, only around 15 to 35 of the
    total cost of corrosion can be saved, which is
    between US 375 Bn  US 875 Bn.
  • Increasing global cost of corrosion has resulted
    in a significant rise in the need for
    technologies related to its prevention, which in
    turn is creating demand for solutions such as
    cathodic protection. Additionally, essentiality
    of corrosion protection and control in industrial
    sectors, for the prevention of any catastrophic
    events, is a key factor underpinning growth of
    the cathodic protection market.

Cathodic Protection Market Analysis
  • Cathodic protection is a globally used technique
    to control the corrosion of a metal surface in a
    harsh environment. Owing to the efficient and
    reliable corrosion protection technology, the
    cathodic protection market is estimated to grow
    at a significant rate during the forecast period,
    supported by the increasing demand for corrosion
    prevention technologies to minimize the direct
    cost of corrosion.
  • Cathodic Protection Market Segmentation Analysis
  • Cathodic Protection Market Analysis by Solution
  • By solution, the cathodic protection market has
    been categorised into products and services. The
    products segment can be further divided into
    anodes, power supplies, junction boxes, test
    stations, remote monitors, coatings,
    instrumentation, and others.
  • Services include inspection, design
    construction, and maintenance. Leading players in
    the market provide almost all the products and
    services for cathodic protection to various end

Cathodic Protection Market Analysis
  • Cathodic Protection Market Analysis by Type
  • By type, the cathodic protection market is
    segmented into galvanic (sacrificial anodes) and
    impressed current. The impressed current-based
    cathodic protection continues to hold bulk shares
    of the market, nearly 80.
  • Demand for cathodic protection based on impressed
    current continues to remain influenced by the
    high cost of alternative methods available for
    cathodic protection currently.
  • Cathodic Protection Market Analysis by
  • By application, the cathodic protection market
    has been categorized into pipelines, storage
    facilities, processing plants, water
    wastewater, transportation, building, and others.
  • Government regulations related to the corrosion
    protection of industrial infrastructures
    continues to influence growth of the cathodic
    protection market.
  • The more regulations are imposed, the more
    cathodic protection is required, and more
    accurate and detailed the testing and records
    need to be. This is expected to significantly
    boost growth of the cathodic protection market in
    the near future.

Cathodic Protection Market Analysis
  • Cathodic Protection Market Analysis by Region
  • From a regional perspective, North America is a
    projected to be a prominent market, owing to
    significant pipeline integration in the oil gas
    industry. Europe is projected to hold over
    one-fourth share of cathodic protection market.
  • The market in Asia Pacific is anticipated to
    expand at a relatively higher CAGR, owing to the
    increasing investments in the infrastructure
    development, and increased spending on the
    maintenance of existing infrastructure. China is
    expected to be the most lucrative market for
    cathodic protection, with sales projected to grow
    at a CAGR of over 7 during through 2028.
  • Cathodic Protection Market Vendor Insights
  • Key players operating in the cathodic protection
    market include Aegion Corporation, BAC Corrosion
    Control Ltd., Cathodic Protection Company,
    Cathodic Protection Management, Inc., Corrosion
    Protection Specialist Private Limited, Farwest
    Corrosion Control Company, Imenco AS, Matcor,
    Inc, MG Duff International Ltd, Perma-Pipe Inc.,
    SAE Inc., Southern Cathodic Protection, Tecnoseal
    Group, The Nippon Corrosion Engineering Co.,
    Ltd., and Nakabohtec Corrosion Protecting Co.,

Cathodic Protection Market Analysis
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    inputs, valuable growth insights and an aerial
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    market trends.

Cathodic Protection Market Analysis
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