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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

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News provided by

Transparency Market Research

29 May, 2020, 10:00 GMT

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- 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.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28352

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

Global Offshore Corrosion Protection Market – Prominent Growth Drivers

  • One of the biggest driving factors for the overall development of the global offshore corrosion protection market is the rise in investments for the overseas wind power generation projects. In recent years, the demand for power supply has grown massively across the globe, leading to sanctioning of multiple offshore power generation projects. The market is thus benefiting from this development as corrosion protection becomes an integral component of maintaining these sites.
  • Europe in particular has been investing heavily in these offshore power generation plants and thus is helping to create growth opportunities for the global market.
  • In addition to this, the companies operating in the global offshore corrosion protection market have been concentrating on developing new and innovative products that are capable of catering to the growing demand across the globe.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/28352

Global Offshore Corrosion Protection Market – Key Market Growth Inhibitors

  • The outbreak of COVID-19 pandemic has had a massive impact on the recent growth of the global offshore corrosion protection market.
  • With multiple industrial sectors on standstill due to lockdowns and other precautionary measures, the demand for the market has been going down. This is particularly evident for the oil and gas sector.

Analyze Offshore Corrosion Protection Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Offshore Corrosion Protection Market – Geographical Outlook

  • There are five key segments of the global offshore corrosion protection market namely, Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Of these, the market has been led by the regional segment of Asia Pacific.
  • It is projected that the segment will continue to grow at a considerable pace over the course of the given forecast period due to the increasing activities of oil & gas plants in the region. Moreover, the demand for the market has been growing from emerging economies such as India and China, which also will help in driving the growth further.

Purchase Premium Research Report on Global Offshore Corrosion Protection Market@ https://www.transparencymarketresearch.com/checkout.php?rep_id=28352&ltype=S

Global Offshore Corrosion Protection Market – Key Players

Prominent players operating in the global offshore corrosion protection market are Southern Cathodic Protection, RPM International Inc., Ashland, and 3M among others.

Global Offshore Corrosion Protection Market: Segmentation

Offshore Corrosion Protection Market, by Technology

  • Coatings
  • Corrosion Inhibitors
    • Liquid Phase Inhibitors (LPIs)
    • Volatile Corrosion Inhibitors (VCIs)
  • Cathodic Protection
    • Sacrificial Anode Cathodic Protection (SACP)
    • Impressed Current Cathodic Protection (ICCP)
  • Others (including Paints)

Offshore Corrosion Protection Market, by Application

  • Pipelines
  • Rigs
  • Platforms
  • Ships/Vessels
  • Offshore Wind Turbines
  • Others (including Storages Tanks and Reservoirs)

Offshore Corrosion Protection Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Highly Reactive Polyisobutylene (HR-PIB) Market - The highly reactive polyisobutylene (HR-PIB) market growth is primarily reliant on consistent demand for highly reactive polyisobutylene (HR-PIB) to produce lubricants and widening applications of the product in various end-use

Liquid Packaging Market - The global demand for Liquid Packaging stood nearly US$ 428.5 Bn in 2018 and is projected to reach over US$ 657.5 Bn by 2027.  Changes in consumer behaviour and a rise in the number of people migrating from rural to urban areas are driving the liquid packaging market.

Underground Mining Market - Underground mining market to reach a valuation of ~US$ 25 bn by 2027. The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.

Specialty Fertilizers Market - Global specialty fertilizers market to clock a modest 5.7% CAGR for the forecast period between 2017 and 2025. Proliferating at this rate, the market will be valued at US$14,734.4 Mn by 2025 from US$8,987.3 Mn in 2016.

Low Density Polyethylene (LDPE) Foams Market - The low density polyethylene (LDPE) foams market growth during the forecast period can be primarily attributed to evolving packaging requirements, investments in research, and development of customized low-density polyethylene foam solutions for different industrial applications. 

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
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Transparency Market Research
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United States
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Email: sales@transparencymarketresearch.com 
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