Increase in the demand for energy can have a positive impact on the exploration and production activities. Rapid industrialization and increase in population especially in the Asia Pacific countries such as China, India, Indonesia and Japan can propel the demand for oil and gas. The uneven distribution of the oil and gas reserves has resulted in the growing demand for oil and gas transportation services. Oil and gas transportation through pipeline represents one of the cheapest methods to supply crude oil, natural gas and refined products. Seamless transportation coupled with one time major expenditure has favored the development of oil and gas pipelines. However, the pipelines used for transportation of oil and gas may suffer from external as well as the internal corrosion. The pipeline corrosion can ultimately result in the leakage of oil and gas. Thus, in order to ensure the smooth and uninterrupted flow of oil and gas it is imperative for the operators to utilize the oil and gas pipeline corrosion services.
Segmentation of the oil and gas pipeline corrosion prevention market can be done on the basis of location (onshore/offshore), method of prevention and geography of the oil and gas pipeline. The oil and gas pipeline can be applied to prevent the external and internal corrosion of the crude oil, natural gas and refined product pipelines. Refined products can be in the form of Liquefied Petroleum Gas (LPG), diesel, petrol, jet fuel, heating oil, naphtha, lubricants, chemicals and others. These pipelines can be located in both offshore and onshore areas. The method of prevention involves the use of coatings. These coatings can be in the form of internal pipeline coatings, external pipeline coatings, flow efficiency coatings, flow line coatings and field joint coatings.
Regional segmentation of oil and gas pipeline corrosion prevention market include the countries such as the United States, Canada and Mexico in North America; the United Kingdom, Russia and Norway in Europe; India, China, Japan and South Korea in Asia Pacific; Iran, Iraq, Saudi Arabia, Oman, Qatar, Nigeria, Algeria, Libya and Angola in Middle East and Africa; The Rest of the World Segment include the Latin American and the Central Asian Countries such as Brazil, Venezuela, Colombia, Uzbekistan, Kazakhstan and Azerbaijan. The shale gas boom in the United States and the new oil and gas Discoveries in African continent is one the major factor driving the current oil and gas pipeline corrosion prevention market.
The increasing oil and gas demand, increasing pipeline installation in the offshore areas, and advancement in pipeline corrosion prevention technologies are the major drivers for the market. However, the presence of substitutes for pipeline transportation in the form of ships, trucks and train can be the restraint to the oil and gas pipeline corrosion prevention market. Moreover, the permanent nature of installed pipeline and the geopolitical issues associated with cross border pipeline installations also hamper the growth of oil and gas pipeline corrosion prevention market. Increasing demand for oil and gas especially in the Asia Pacific countries can act as the opportunity for the oil and gas pipeline corrosion prevention market.
Some of the major players in the oil and gas pipeline corrosion prevention market include companies such as 3M, Southern Cathodic Protection, Chase Corporation and The Valspar Corporation.
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