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Multi-functional, Low-cost Anti-Corrosion Technologies to Gain Traction in a Mature Market

Surge in offshore oil and gas operations encourage development of new anti-corrosion technologies, finds Frost & Sullivan's TechVision Team
Frost & Sullivan
2016-10-26 01:05 1984

SANTA CLARA, California, Oct. 26, 2016 /PRNewswire/ -- The mounting losses incurred due to the corrosion of metals on offshore platforms are compelling offshore operators, including oil and gas and renewable energy providers, to seek new anti-corrosion technologies. Even though numerous anti-corrosion technologies are commercially available, offshore operators/owners are looking for high-performance attributes to decrease maintenance time and cost, and extend the service life of their offshore assets.

Frost & Sullivan
Frost & Sullivan

Anti-Corrosion Technologies for Offshore Structures, is the new analysis from Frost & Sullivan's TechVision (Chemicals and Advanced Materials) Growth Partnership Service program. Superhydrophic, smart corrosion sensing and self-healing functionalities are the three major R&D focus areas in this technology domain. This insight covers anti-corrosion coatings, cathodic protection, corrosion inhibitors and metal plating.

For complimentary access to more information on this research, please visit: http://frost.ly/yu

"With the offshore oil and gas civil construction market set to grow significantly in the next five years, coating manufacturers are positioning themselves to increase the production capacity of anti-corrosion coatings for emerging offshore wind turbines," noted TechVision Senior Industry Analyst Aarthi Janakiraman. Anti-corrosion technologies with multi-functionalities, like self-healing or other smart coatings, are likely to witness higher commercialization and adoption within the next five to ten years."

"Shipyards have started using advanced plural component spray equipment and proportional mixers for multicomponent paints as opposed to conventional single pump airless spray equipment, brushes and rollers," said Janakiraman. "Maritime owners claim to have accrued significant cost savings due to reduced paint waste and decreased use of solvents for cleaning spray lines with the plural component equipment."

While zinc-rich primers, epoxies and polyurethanes are the three most commonly used anti-corrosion coating types, new high-performance coatings such as thermal spray aluminum (TSA) or high-performance composite coatings (HPCC) are finding use in challenging application areas. Impressed current cathodic protection (ICCP) is preferred to sacrificial anode for big submerged objects requiring long-term protection. The still-nascent wind energy industry too is looking for novel low-cost anti-corrosion solutions that can keep pace with changing designs in wind mills.

"There will be a vast addressable market for anti corrosion technologies due to the frantic pace of offshore oil and gas operations all over the world," concluded Janakiraman. "The areas demonstrating the highest innovation and technology advancements are nanoparticles/nanotechnology, heavy metal-free coatings, smart corrosion detectors and other sensing technologies, smart surface preparations and chrome alternatives."

About TechVision

Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, providing a variety of technology-based alerts, newsletters and research services, as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.

About Frost & Sullivan

Frost & Sullivan, the global Growth Partnership Company, has spent more than 50 years guiding our clients toward transformational growth strategies. We focus on innovation opportunities driven by disruptive technologies, mega trends, emerging markets and new business models. Through our Growth Partnership model, we collaborate with clients to leverage visionary innovation that takes advantage of our convergence expertise, an experiential learning platform, 360-degree industry coverage and complete global perspective. Is your organization prepared for the next profound wave of industry disruption, increasing competitive intensity, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Anti Corrosion Technologies for Offshore Structures
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Contact:
Jaylon Brinkley
Corporate Communications – North America
P: +1 (210) 247.2481
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E: jaylon.brinkley@frost.com 
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Source: Frost & Sullivan
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