Cathodic Protection Market By Protection Type (Galvanic CP, Impressed Current), By Solution (Product, Services), By Application Segment (Pipelines, Storage Tanks, Processing Plants, Transmission Towers, Onshore & Offshore Facilities, Water & Wastewater, Transportation, Buildings, Others), By Industry Vertical (Oil & Gas, Manufacturing, Construction, Energy & Power, Marine, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027
Key Market Insights
"Growing inclination towards corrosion-loss reduction, driving the market growth"
The rising demand from the oil & gas industry to lower the losses incurred due to corrosion is driving the global cathodic protection market. Cathodic protection is a technique to control the corrosion of a metal surface by making it a cathode of an electrochemical cell. Corrosion can destroy the integrity of infrastructure and regular patching of the damaged area may be simple but is found to be less effective in the long run. Eventual repairing of the infrastructure may add-up to the cost of repairing. Further, cyclical repairs weaken the structure and may lead to a total replacement of infrastructure. Thereby, adding the burden of replacement and increase in repair time which results in loss of revenue to the companies.
Moreover, the NACE study on the “International Measures of Prevention, Application, and Economics of Corrosion Technologies” highlighted that the global cost of corrosion estimated to be US$ 2.5 trillion, which equals 3.4% of the global GDP of 2013. Therefore, to reduce this loss, industries are deploying cathodic protection systems. Major industries such as oil & gas, marine, construction, and energy & power are at the forefront of deploying this system. Rising oil & gas demand and increasing construction activities across the developing region of the world are driving global demand.
Besides, stringent government regulations for corrosion protection has furthered the adoption of a cathodic protection system across the industry. For instance, U.S. PHMSA Cathodic Protection Regulations, and India’s Petroleum & Natural Gas Regulatory Board (PNGRB)’s Notification dated February 2016, further stressed on regular implementation of cathodic protection. Overall, the global cathodic protection market was US$ 4,265.1 Mn in 2018 and expected to reach US$ 7,063.5 Mn by 2027, growing at a CAGR of 5.8% from 2019 to 2027.
Application Segment Analysis
"Pipelines segment dominating the market"
Based on the application, the pipeline segment captured the highest share of the global cathodic protection market in 2018. The growing network of pipelines across the regions due to rising demand for oil & gas and petroleum products are driving the segment growth in 2018. Further, there is the continuous use of these pipelines throughout their operational life has made it crucial to keep its safety at the top level. Industries working in oil & gas sector are hugely investing in decreasing their losses in pipeline repairing; thereby, there is a hike in demand for cathodic protection systems in the pipeline segment.
Regional Analysis
"North America dominating the global market by region"
Based on the region, the global cathodic protection market was dominated by North America, accounting for more than 35% of the market share in the year 2018. In North America, the U.S. captured the major share of the regional market, pertaining to the high demand for oil & gas. Further, technological advancement in extracting shale oil & gas in the U.S. pushes the oil demand to a new high. With the growing investment from the strong corporate sector of the U.S., there is a high demand for pipelines and storage tanks construction across the region.
Moreover, stringent government regulations concerning the safety of pipelines and other corroding infrastructures present in the industry like PHMSA cathodic protection regulations have further made it stricter to follow safety check-ups and regular surveying for installing cathodic protection systems wherever required. Altogether, this has positively impacted the regional cathodic protection market.
In addition to the above, the Asia Pacific region is expected to show strong growth during the forecast period. The regional countries such as China, India, and ASEAN countries are swiftly going through the infrastructure and other developmental activities. The region is experiencing growth in the construction, manufacturing, and transportation industries. This, in the future, expected to be the driving factor for the Asia Pacific cathodic protection market.
"Technological advancement is keeping the market competitive"
The global cathodic protection market is competitive. Prominent players operating in the cathodic protection market are adopting strategies such as a partnership with other companies, acquisition of smaller players to increase their production capacity and geographical reach. Following is the list of players included in the published reports.
List of Companies Covered:
- Aegion Corporation
- Perma-Pipe
- BAC Corrosion Control Ltd.
- Cathodic Protection Company
- Cathodic Protection Management, Inc.
- Corrosion Protection Specialist Pvt. Ltd.
- Farwest Corrosion Control Company
- Imenco AS
- MATCOR, Inc.
- SAE Inc.
- Southern Cathodic Protection
- Tecnoseal Marine Anodes USA Inc.
- Nippon Corrosion Engineering Co., Ltd.
- SunRui Marine Environment Engineering Company Ltd. (CSIC)
- PureHM (Xylem Inc.)
- STORK
- C M BEASY Ltd.
- Others
Key Industry Development:
- In January 2020, C M BEASY Ltd. presented its paper on the corrosion data management system combined with digital twin simulation. With this simulation, data engineers can manage and visualize 3D CP survey data that will help to predict more accurate decisions for the protection of CP structure and the status of anodes in the CP system. With the incorporation of technologies, the cathodic protection timing can be predicted in a much better manner.
- In December 2019, PureHM announced its partnership with the Commonrow Consulting, working in AC mitigation design and engineering house. With this partnership, PureHM has added AC mitigation solutions to their cathodic protection solutions. This partnership will able to provide turnkey AC mitigation solutions to pipeline operators, providing personal safety and pipeline integrity solutions throughout the pipeline networks.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Protection Type Segment (2017-2027; US$ Bn) |
|
Solution Segment (2017-2027; US$ Bn) |
|
|
Application Segment (2017-2027; US$ Bn) |
|
|
Industry Vertical Segment (2017-2027; US$ Bn) |
|
|
Geography Segment (2016–2026; US$ Bn) |
The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the global cathodic protection market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Unique data points of this report
- Recent trends across different regions in terms of the development of cathodic protection market
- Attractive investment proposition for application segment as well as geography
Key questions answered in this report
- What was the market size of the cathodic protection market in 2018 and forecast up to 2027?
- What are the key factors driving the global cathodic protection market?
- What are the key market trends and high-growth opportunities observed in the cathodic protection market?
- Which is the largest regional market for the cathodic protection market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the cathodic protection market?
- What are the key strategies adopted by the leading players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Cathodic Protection (CP) Market
2.2. Global CP Market, by Protection Type, 2018 (US$ Mn)
2.3. Global CP Market, by Solution , 2018 (US$ Mn)
2.4. Global CP Market, by Application, 2018 (US$ Mn)
2.5. Global CP Market, by Industry Vertical, 2018 (US$ Mn)
2.6. Global CP Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global CP Market Value, 2017 – 2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Market Trends
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Cathodic Protection (CP) Market, by Protection Type , 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Galvanic CP
4.3. Impressed Current
5. Global Cathodic Protection (CP) Market, by Solution , 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Product
5.3. Services
6. Global Cathodic Protection (CP) Market, by Application , 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. Pipelines
6.3. Storage Tanks
6.4. Processing Plants
6.5. Transmission Towers
6.6. Onshore & Offshore Facilities
6.7. Water & Wastewater
6.8. Transportation (Airports, Railways, Bridges, etc.)
6.9. Buildings
6.10. Others
7. Global Cathodic Protection (CP) Market, by Industry Vertical , 2017 – 2027 (US$ Mn)
7.1. Overview
7.2. Oil & Gas
7.3. Manufacturing
7.4. Construction
7.5. Energy & Power
7.6. Marine
7.7. Others
8. North America CCathodic Protection (CP) Market Analysis, 2017 – 2027 (US$ Mn)
8.1. Overview
8.1.1. North America CP Market Value and Growth, 2017 – 2027, (US$ Mn)
8.2. North America CP Market Value, By Protection Type, 2017 – 2027 (US$ Mn)
8.2.1. Market Analysis
8.3. North America CP Market Value, By Solution, 2017 – 2027 (US$ Mn)
8.3.1. Market Analysis
8.4. North America CP Market Value, By Application, 2017 – 2027 (US$ Mn)
8.4.1. Market Analysis
8.5. North America CP Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
8.5.1. Market Analysis
8.6. North America CP Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Cathodic Protection (CP) Market Analysis, 2017 – 2027 (US$ Mn)
9.1. Overview
9.1.1. Europe CP Market Value and Growth, 2017 – 2027, (US$ Mn)
9.2. Europe CP Market Value, By Protection Type, 2017 – 2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Europe CP Market Value, By Solution, 2017 – 2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Europe CP Market Value, By Application, 2017 – 2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Europe CP Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
9.5.1. Market Analysis
9.6. Europe CP Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Cathodic Protection (CP) Market Analysis, 2017 – 2027 (US$ Mn)
10.1. Overview
10.1.1. Asia Pacific CP Market Value and Growth, 2017 – 2027, (US$ Mn)
10.2. Asia Pacific CP Market Value, By Protection Type, 2017 – 2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Asia Pacific CP Market Value, By Solution, 2017 – 2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Asia Pacific CP Market Value, By Application, 2017 – 2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Asia Pacific CP Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
10.5.1. Market Analysis
10.6. Asia Pacific CP Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Cathodic Protection (CP) Market Analysis, 2017 – 2027 (US$ Mn)
11.1. Overview
11.1.1. Rest of the World CP Market Value and Growth, 2017 – 2027, (US$ Mn)
11.2. Rest of the World CP Market Value, By Protection Type, 2017 – 2027 (US$ Mn)
11.2.1. Market Analysis
11.3. Rest of the World CP Market Value, By Solution, 2017 – 2027 (US$ Mn)
11.3.1. Market Analysis
11.4. Rest of the World CP Market Value, By Application, 2017 – 2027 (US$ Mn)
11.4.1. Market Analysis
11.5. Rest of the World CP Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
11.5.1. Market Analysis
11.6. Rest of the World CP Market Value, By Region, 2017 – 2027 (US$ Mn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Aegion Corporation
12.2. Perma-Pipe
12.3. BAC Corrosion Control Ltd.
12.4. Cathodic Protection Company
12.5. Cathodic Protection Management, Inc.
12.6. Corrosion Protection Specialist Pvt. Ltd.
12.7. Farwest Corrosion Control Company
12.8. Imenco AS
12.9. MATCOR, Inc.
12.10. SAE Inc.
12.11. Southern Cathodic Protection
12.12. Tecnoseal Marine Anodes USA INC
12.13. Nippon Corrosion Engineering Co., Ltd.
12.14. SunRui Marine Environment Engineering Company Ltd. (CSIC)
12.15. PureHM (Xylem Inc.)
12.16. STORK
12.17. C M BEASY Ltd.
*CP - Cathodic Protection
TABLE 1 Market Snapshot: Global Cathodic Protection (CP) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global CP Market, by Protection Type, 2017-2027, (US$ Mn)
TABLE 5 Global CP Market, by Solution, 2017-2027, (US$ Mn)
TABLE 6 Global CP Market, by Application, 2017-2027, (US$ Mn)
TABLE 7 Global CP Market, by Industry Vertical, 2017-2027, (US$ Mn)
TABLE 8 Global CP Market Value, by Region/Country, 2017 - 2027, (US$ Mn)
TABLE 9 North America CP Market, by Protection Type, 2017-2027, (US$ Mn)
TABLE 10 North America CP Market, by Solution, 2017-2027, (US$ Mn)
TABLE 11 North America CP Market, by Application, 2017-2027, (US$ Mn)
TABLE 12 North America CP Market, by Industry Vertical, 2017-2027, (US$ Mn)
TABLE 13 North America CP Market Value, by Region/Country, 2017 - 2027, (US$ Mn)
TABLE 14 Europe CP Market, by Protection Type, 2017-2027, (US$ Mn)
TABLE 15 Europe CP Market, by Solution, 2017-2027, (US$ Mn)
TABLE 16 Europe CP Market, by Application, 2017-2027, (US$ Mn)
TABLE 17 Europe CP Market, by Industry Vertical, 2017-2027, (US$ Mn)
TABLE 18 Europe CP Market Value, by Region/Country, 2017 – 2027, (US$ Mn)
TABLE 19 Asia Pacific CP Market, by Protection Type, 2017-2027 (US$ Mn)
TABLE 20 Asia Pacific CP Market, by Solution, 2017-2027 (US$ Mn)
TABLE 21 Asia Pacific CP Market, by Application, 2017-2027 (US$ Mn)
TABLE 22 Asia Pacific CP Market, by Industry Vertical, 2017-2027 (US$ Mn)
TABLE 23 Asia Pacific CP Market Value, by Region/Country, 2017 – 2027, (US$ Mn)
TABLE 24 Rest of the World CP Market, by Protection Type, 2017 - 2027, (US$ Mn)
TABLE 25 Rest of the World CP Market, by Solution, 2017 - 2027, (US$ Mn)
TABLE 26 Rest of the World CP Market, by Application, 2017 - 2027, (US$ Mn)
TABLE 27 Rest of the World CP Market, by Industry Vertical, 2017 - 2027, (US$ Mn)
TABLE 28 Rest of the World CP Market Value, by Region, 2017 - 2027, (US$ Mn)
TABLE 29 Aegion Corporation: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Perma-Pipe: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 BAC Corrosion Control Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Cathodic Protection Company: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Cathodic Protection Management, Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Corrosion Protection Specialist Pvt. Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Farwest Corrosion Control Company: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Imenco AS: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 MATCOR, Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 SAE Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Tecnoseal Marine Anodes USA Inc.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Nippon Corrosion Engineering Co., Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 SunRui Marine Environment Engineering Company Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 PureHM: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 STORK: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 44 C M BEASY Ltd.: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Cathodic Protection (CP) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom-up Approach
FIG. 3 Global CP Market Segmentation
FIG. 4 Global CP Market, by Protection Type, 2018, (US$ Mn)
FIG. 5 Global CP Market, by Solution, 2018, (US$ Mn)
FIG. 6 Global CP Market, by Application, 2018, (US$ Mn)
FIG. 7 Global CP Market, by Industry Vertical, 2018, (US$ Mn)
FIG. 8 Global CP Market, by Geography, 2018 (US$ Mn)
FIG. 9 Global CP Market Value, 2017 - 2027, (US$ Mn)
FIG. 10 Attractive Investment Proposition, by Geography, 2018
FIG. 11 Global Market Positioning of Key CP Manufacturers & Providers, 2018
FIG. 12 Global CP Market Value Share, by Protection Type, 2018 & 2027 (Value %)
FIG. 13 Global CP Market Value Galvanic CP, 2017 – 2027, (US$ Mn)
FIG. 14 Global CP Market Value for Impressed Current, 2017 – 2027, (US$ Mn)
FIG. 15 Global CP Market Value Share, by Solution, 2018 & 2027 (Value %)
FIG. 16 Global CP Market Value for Product, 2017 – 2027, (US$ Mn)
FIG. 17 Global CP Market Value for Services, 2017 – 2027, (US$ Mn)
FIG. 18 Global CP Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 19 Global CP Market Value for Pipelines, 2017 – 2027, (US$ Mn)
FIG. 20 Global CP Market Value for Storage Tanks, 2017 – 2027, (US$ Mn)
FIG. 21 Global CP Market Value for Processing Plants, 2017 – 2027, (US$ Mn)
FIG. 22 Global CP Market Value for Transmission Towers, 2017 – 2027, (US$ Mn)
FIG. 23 Global CP Market Value for Onshore & Offshore Facilities, 2017 – 2027, (US$ Mn)
FIG. 24 Global CP Market Value for Water & Wastewater, 2017 – 2027, (US$ Mn)
FIG. 25 Global CP Market Value for Transportation, 2017 – 2027, (US$ Mn)
FIG. 26 Global CP Market Value for Buildings, 2017 – 2027, (US$ Mn)
FIG. 27 Global CP Market Value for Others, 2017 – 2027, (US$ Mn)
FIG. 28 Global CP Market Value Share, by Industry Vertical, 2018 & 2027 (Value %)
FIG. 29 Global CP Market Value for Oil & Gas, 2017 – 2027, (US$ Mn)
FIG. 30 Global CP Market Value for Manufacturing, 2017 – 2027, (US$ Mn)
FIG. 31 Global CP Market Value for Construction, 2017 – 2027, (US$ Mn)
FIG. 32 Global CP Market Value for Energy & Power, 2017 – 2027, (US$ Mn)
FIG. 33 Global CP Market Value for Marine, 2017 – 2027, (US$ Mn)
FIG. 34 Global CP Market Value for Others, 2017 – 2027, (US$ Mn)
FIG. 35 North America CP Market Value, 2017 – 2027, (US$ Mn)
FIG. 36 Europe CP Market Value, 2017 – 2027, (US$ Mn)
FIG. 37 Asia Pacific CP Market Value, 2017 – 2027, (US$ Mn)
FIG. 38 Rest of the World CP Market Value, 2017 – 2027, (US$ Mn)
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