Corrosion Protection Engineering Services in the US - Industry Market Research Report

Corrosion Protection Engineering Services in the US - Industry Market Research Report

Corrosion Protection Engineering Services

The Corrosion Protection Engineering Services industry is busy managing the corrosion of aging US infrastructure and protecting new projects from its harmful effects. Over the five years to 2019, the industry has expanded as a wide range of downstream utilities, construction and transportation industries have increased investment in infrastructure, necessitating corrosion management services. While the decline in the world prices of crude oil and natural gas limited demand from the industry's oil and gas clients, the industry has remained resilient due to its long-term contracts, diversified customer base and stable ongoing demand for corrosion inspection and maintenance services on existing structures and equipment. Over the five years to 2024, IBISWorld expects industry revenue to grow. A renewed public and federal government focus on upgrading the aging US infrastructure and growing investment into downstream energy, construction and transportation industries will likely underpin growth. Industry operators are expected to meet increasing demand from downstream industries to implement new materials and develop plans to economically reduce corrosion expenses and extend the life of costly new structures and equipment.

The industry includes companies that are engaged in applying scientific knowledge, natural laws and physical resources to design and implement materials, structures, devices, systems and procedures to manage corrosion. These services may involve the provision of advice, preparation of feasibility studies, preparation of plans and designs, provision of technical services during the construction or installation phase, inspection and evaluation of projects and related services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.