The rapid enhancement of infrastructure and other major driving factors is expected to favor the rise in the global cathodic protection market
Reports and Insights has published a new report titled, “Cathodic Protection Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Cathodic Protection Market, By Type (Galvanic Anode, Mixed Metal Anodes (Nickel MMO Anodes, Zinc MMO Anodes, Titanium MMO Anodes, Aluminum 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) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Cathodic protection can be understood as an approach for avoiding oxidation on submersed and underground metallic formations. Cathodic protection is considered one of the most efficient techniques for the prevention of oxidation on metal structures. Cathodic protection is generally employed to shield several structures against corrosion, such as offshore floaters, ships, harbors, pipelines, subsea equipment, tanks; essentially all immersed or interred metal structures. The method is on the basis of converting active areas on a metal surface to passive, to put it another way making them the cathode of an electrochemical cell. By delivering current, the capacity of the metal is decreased, to which further the corrosion strike will break off and cathodic protection will be successfully achieved.
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 in the near future.
In addition to that, regulatory bodies and governments all around the world have also been increasing their attention on the maintenance and safety of industrial facilities to prevent undesired consequences in the face of unforeseen catastrophes. Such factors are further estimated to offer major opportunities to the growth of the global cathodic protection market in the following years.
Other than that, factors like swiftly rising urbanization and industrialization all around the globe along with the rising demand for infrastructure betterment are further anticipated to offer enormous breakthroughs to the growth of the global cathodic protection market in the coming years.
Reports and Insights Study identifies 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.
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