Corrosion safety has won impetus within the beyond few years to reduce losses and upkeep prices incurred by industries. Governments the world over have also been increasing their awareness of the protection and maintenance of business centers to avoid undesirable consequences in face of sudden catastrophes.
Demand for cathodic protection in the MEA region accounts for 9.7% of the global industry landscape in 2022. Increasing urbanization and rising spending on infrastructure are expected to be major trends in this region through 2028.
Growing infrastructure interest the world over, rapid urbanization, and industrialization, growing demand for pipeline integration, set up of recent pipeline networks, strict government policies to strengthen the protection of infrastructure, and so forth. These are some main factors that can be expected to guide cathodic safety marketplace capability over the forecast duration.
The global cathodic protection market is estimated to rise at a CAGR of 5.6% from 2022 to 2028.
Fast advancements in corrosion protection technology are also anticipated to propel marketplace capability. Marine cathodic safety structures are predicted to peer excessive calls from oil and gas packages. Boat cathodic safety is also predicted to see a constant rise in the call corrosion control gains popularity internationally.
A growing community of pipelines on an international scale is expected to boost the call for cathodic protection in these programs extra than any other software. The growing call for oil and fuel across the globe has inspired multiple pipeline networks and is anticipated to be a chief trend selling the installation of new pipeline networks across the world.
So one can reduce prices on renovation and upkeep demand for cathodic protection for underground piping is expected to peer an upward thrust in recognition as extra corporations adopt those systems. Sooner or later, an increase in the adoption of cathodic safety for underground propane tanks, marine cathodic safety systems, and many others. Is also predicted to have a shiny outlook.
As coronavirus infections plagued the arena in 2020 and took the arena to a near halt, a couple of industries faced highly-priced downtime resulting in large losses for groups internationally. Disrupted demand and deliver chains negatively impacted the cathodic protection marketplace capacity in 2020.
The decreased infrastructural activity was a major factor that adversely affected cathodic protection demand in the COVID-19 pandemic. The market is set to enjoy a Y-o-Y growth at 5.9% in 2022 and is predicted to make a steady recovery in the post-pandemic era through 2028.
- Aegion Corporation
- Perma-Pipe Inc.
- Nakabohtec Corrosion Protection Co. Ltd.
- Corrosion Protection Specialist Pvt. Ltd.
- BAC Corrosion Control Ltd.
- The Nippon Corrosion Engineering Co. Ltd.
- Cathodic Protection Co. Ltd.
- Farwest Corrosion Control Company
- Imenco AS
- MATCOR Inc.
- Cathodic Protection Management Inc.
- MG Duff International Ltd.
- SAE Inc.
- Southern Cathodic Protection Company
- TECNOSEAL Group
