According to the latest market study released by Technavio, the global oil and gas corrosion protection market is expected to grow at a CAGR of more than 4% during the forecast period.
This research report titled ‘Global Oil and Gas Corrosion Protection Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
“The increase in offshore exploration in the US, Brazil, Russia, Norway, Mexico, Saudi Arabia, and Angola is expected to drive the demand for corrosion protection. An increase in the use of corrosion protection for pipes, jacks, crude oil tanks, on hull externals, general structural steel, and water ballast tanks is also expected to augment the market growth,” says Hitesh Bhatia, a lead analyst at Technavio for specialty chemicals research.