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[Report Ocean Press Release] We have conducted a survey to understand the actual situation of the 2022 offshore oil and gas paints and coatings market.
The Asia-Pacific region dominates the offshore oil and gas paints and coatings market with over 37.2% share.
Survey overview:
Survey period: September 1st to November 30th, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
In-house survey
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Q: What are the popular resin types in the offshore oil & gas paints and coatings market?
By type, it is divided into epoxies, polyurethane alkyds, acrylics, inorganic zincs, and others.
By type, the epoxy segment accounts for the major share of the offshore oil and gas paints and coatings market in 2022. Offshore oil and gas equipment requires coatings that can withstand extreme weather conditions, dissolved oxygen, seawater abrasion, mechanical impact from debris, UV exposure, and damage from marine life. Therefore, offshore paints and coatings are designed with properties that allow them to withstand the rigors of underwater washing.
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Q: Which installation system has the highest share in the offshore oil and gas paints and coatings market?
The installed base is divided into jack-ups, floaters, drillships, semi-submersibles and others.
By installation, the jack-up segment accounted for a major share of the offshore oil and gas paints and coatings market in 2022. A drillship is a commercial vessel designed for offshore exploration to support purposes such as scientific drilling and the acquisition of new oil and gas wells.
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Question: What are the key factors driving the Offshore Oil & Gas Paints & Coatings market?
Demand for onshore oil and gas resources is expected to increase as a result of urbanization and economic development, which is expected to increase global energy demand. Onshore oil and gas resources are limited, and cost-effective offshore oil and gas resources are more suitable, so the demand for offshore oil and gas paints and coatings will increase the demand for onshore oil and gas resources. It is expected to grow in tandem with increased consumption. Paints and coatings are also advantageous for drilling rigs that utilize coatings that can withstand severe pressure and salt water, thereby improving heat resistance for offshore and subsea operations, boosting the offshore oil and gas paints and coatings industry. We are promoting. Survey conclusions:
Oil and gas are extracted by the process of drilling wells and transported to refineries via ships and pipelines. Paint coatings are effectively placed on oil and gas equipment to effectively prevent corrosion, provide a non-slip surface, and improve visibility with vibrant paint colors. The global offshore oil and gas paints and coatings market offers various opportunities for market participants. The trend in drilling processes to move to ultra-deepwater has increased the ability of equipment to function in corrosive and hostile environments. Hence, the aforementioned reasons are
effectively driving the growth of the market. In addition, continued advances in drilling technology, development and high extraction rates from reserves, and development of well stimulation models are expected to further accelerate market growth.
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Details about this release:
https://prtimes.jp/main/html/rd/p/000005953.000067400.html