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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

Galvanic Anode

Mixed Metal Anodes

Nickel MMO Anodes

Zinc MMO Anodes

Titanium MMO Anodes

Aluminium MMO Anodes

Magnesium MMO Anodes

Impressed Current Anodes

By Application

Pipelines

Storage Facilities

Processing Plants

Water & Wastewater

Transportation

Building

Others

By Industry Vertical

Oil and Gas

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:

BK CORROSION, LLC

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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