Cathodic Protection Market Overview
The report is titled as ‘Cathodic Protection Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Cathodic Protection market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Cathodic Protection market is expected to grow with significant rate in the near future.
In 2020, global cathodic protection market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
Cathodic Protection Introduction
Cathodic protection (CP) can be defined as a method practiced to regulate and manage the oxidation of a metal surface by turning it into the cathodic side of an electrochemical cell. The easiest technique to carry out cathodic protection is by linking the metal surface to be shielded with another more simply corroded metal to play the role of anode of the electrochemical cell. Cathodic protection can, as a matter of principle, be carried out to any metallic form or structure in contact with a bulk electrolyte even though in effect its primary use is to safeguard steel structures immersed in water or buried in soil. Notably, cathodic protection systems serve its utility in protecting a comprehensive range of metallic structures in several different environments. Some of the most common applications comprise storage tanks, water and fuel pipelines, offshore oil platforms, ships and boats and oil well casings.
One of the major factors that is primarily driving the growth of the global cathodic protection market is the growing activities related to infrastructure development all across the world along with the thriving construction industry, which is expected to boost the demand of cathodic protection across the markets. Therefore, the global cathodic protection market is projected to grow significantly over the coming years.
Cathodic Protection Market Segmentation
The global cathodic protection market is segmented on the basis of type, application, end user industries, and region.
By Type
Mixed Metal Anodes
Nickel MMO Anodes
Zinc MMO Anodes
Titanium MMO Anodes
Aluminium MMO Anodes
Magnesium MMO Anodes
Impressed Current Anodes
By Application
Storage Facilities
Processing Plants
Water & Wastewater
Transportation
Building
Others
By Industry Vertical
Manufacturing
Construction
Energy & Power
Marine
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Cathodic Protection Market Key Players
Some of the key participating players in global Cathodic Protection market are:
MATCOR, Inc.
Aegion Corporation
Perma-Pipe International Holdings, Inc.
Cathodic Protection Co. Ltd.
Cathodi Protection Management, Inc.
Corrosion Protection Specialist Pvt. Ltd.
Farwest Corrosion Control Company
Imensco AS
SAE International
TECNOSEAL FOUNDRY s.r.l.
Nakabohtec Corrosion
LORESCO Inc.
VASU CHEMICALS
Southern Cathodic Protection
MESA
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Cathodic Protection
Advantages of Cathodic Protection
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The cathodic protection market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in cathodic protection market.
The global cathodic protection market is segmented on the basis of type, application, end user industries, and region.
some of the key participating players in the cathodic protection market globally are BK CORROSION, LLC, MATCOR, Inc., Aegion Corporation, Perma-Pipe International Holdings, Inc., Cathodic Protection Co. Ltd., Cathodic Protection Management, Inc., Corrosion Protection Specialist Pvt. Ltd., Farwest Corrosion Control Company, Imenco AS, SAE International, TECNOSEAL FOUNDRY s.r.l., Nakabohtec Corrosion, LORESCO Inc., VASU CHEMICALS, Southern Cathodic Protection, MESA, among others.