Corrosion Coupons Market

With repair and maintenance constantly increasing due to corrosion, there has been growing demand for corrosion coupons that can easily measure the corrosivity of a system. Corrosion coupons accurately determine the corrosion of metals under various service conditions.

When the corrosion coupon is exposed to environment/other service conditions, weight loss analysis is done to determine mils per year (MPY) corrosion rates. Corrosion monitoring is critical with respect to maintenance and repair costs and material failure.

By evaluating the mils per year, the corrosion rate and the life expectancy of the material can be determined. The corrosion coupon is made of the same material, alloy or similar chemical configuration. Corrosion coupons provide an indication of the corrosion status and the type of deposits existing in the pipeline or system. Corrosion coupons are a popular method of internal corrosion monitoring.

Drivers

There has been increasing demand from end users to extend the life of existing pipeline structures and to run them at higher capacity. High corrosion rate has led to failure of many systems. Thus, the need for corrosion coupons for corrosion monitoring is higher than ever.

The major factor driving the growth of global corrosion coupons market is the significant rise in demand from the oil and gas industry. The corrosion coupons are used to monitor the corrosivity of systems in all stages upstream, midstream and downstream.

Restraints

The use of alternative methods, such as ultrasonic wall thickness sensors, is anticipated to witness significant growth over the forecast period. Growing preference for other methods, such as radiographic inspection using x-ray and gamma ray, is another major factor restraining the growth of the global corrosion coupons market.

Another major challenge faced by the global corrosion coupon market is the time interval for exposure, which is an important technical criteria. The time interval might be too short or too long and hence affects corrosivity. Seasonal or temperature variations may also affect the performance of corrosion coupons. Additionally, these systems add to the extra operational cost and time for ongoing maintenance.

Trends

The global market for corrosion coupons is a fragmented market with major manufacturers focusing on providing customized solutions for specific environmental conditions. The manufacturers provide full service; installation and inspection systems; alloy or material; the kind of coupon required; and all the technical know-how related to sustaining long term in the global corrosion coupons market.

The global Corrosion Coupons market can be segmented based on product type and end use industry.

The global market for corrosion coupons is anticipated to be dominated by Asia Pacific region. China is anticipated to remain the largest consumer of corrosion coupons in the Asia Pacific region owing to the significant demand from the chemical industry and pipelines transportation and monitoring, etc.

Regions, such as North America, are projected to grow at a significant rate owing to the boom in the oil and gas industry in the region. Middle East and Africa is also anticipated to hold a considerable share in the global corrosion coupons market. This can be attributed to the large base of the oil and gas industry in the region.

Europe is anticipated to expand with moderate CAGR over the forecast period. Latin America is anticipated to be a low volume high growth region and is expected to expand significantly during the forecast period. Japan, on the other hand, is anticipated to witness stagnant growth over the forecast period.

Examples of some of the market participants identified across the value chain of global Corrosion Coupons market are:

• Cosasco
• Roxar (Emerson Process Management)
• Caproco
• Honeywell International Inc
• Alabama Speciality Products Inc
• Metex Corporation Limited
• Brown Corrosion Services Inc
• Crystal Industrial Syndicate Pvt. Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

• .Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint