Middle East & Africa Oil And Gas Corrosion Protection Market Size & Outlook

The oil and gas corrosion protection market in Middle East & Africa is expected to reach a projected revenue of US$ 3,819.0 million by 2030. A compound annual growth rate of 2.7% is expected of Middle East & Africa oil and gas corrosion protection market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,174.3
Forecast, 2030 (US$M)
$3,819.0
CAGR, 2024 - 2030
2.7%
Report Coverage
Middle East & Africa

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Middle East & Africa oil and gas corrosion protection market, 2018-2030 (US$M)

Middle East & Africa oil and gas corrosion protection market, 2018-2030 (US$M)

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MEA oil and gas corrosion protection market highlights

  • The MEA oil and gas corrosion protection market generated a revenue of USD 3,174.3 million in 2023.
  • The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
  • In terms of segment, coatings was the largest revenue generating product in 2023.
  • Coatings is the most lucrative product segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2023USD 3,174.3 million
Market revenue in 2030USD 3,819.0 million
Growth rate2.7% (CAGR from 2024 to 2030)
Largest segmentCoatings
Fastest growing segmentCoatings
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCoatings
Key market players worldwide3M Co, AkzoNobel [Dulux Brand], Orkla ASA, Axalta Coating Systems Ltd, Sherwin-Williams Co, Kansai Paint Co Ltd, RPM International Inc, Aegon Ltd, Ashland Inc, Basf SE

Other key industry trends

  • In terms of revenue, MEA region accounted for 32.5% of the global oil and gas corrosion protection market in 2023.
  • Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 3,595.1 million by 2030.

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Oil And Gas Corrosion Protection Market Companies

Name Profile # Employees HQ Website
AkzoNobel [Dulux Brand] View profile 10001+ Amsterdam, Noord-Holland, The Netherlands, Europe http://www.akzonobel.com/
Aegon Ltd View profile 15658 Aegonplein 50, P.O. Box 85, The Hague, ZH, Netherlands, 2591 TV https://www.aegon.com
Orkla ASA View profile 19671 Drammensveien 149, Oslo, Norway, NO-0277 https://www.orkla.no
Axalta Coating Systems Ltd View profile 12000 50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, United States, 19342 https://www.axalta.com
RPM International Inc View profile 17274 2628 Pearl Road, P.O. Box 777, Medina, OH, United States, 44256 https://www.rpminc.com
Kansai Paint Co Ltd View profile 16236 6-14, Imabashi 2-chome, Chuo-ku, Osaka, Japan, 541-8523 http://www.kansai.co.jp
Sherwin-Williams Co View profile 64088 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 https://www.sherwin-williams.com
Ashland Inc View profile 3800 8145 Blazer Drive, Wilmington, DE, United States, 19808 http://www.ashland.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com
3M Co View profile 85000 3M Center, St. Paul, MN, United States, 55144 https://www.3m.com

Middle East & Africa oil and gas corrosion protection market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil and gas corrosion protection market will help companies and investors design strategic landscapes.


Coatings was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa oil and gas corrosion protection market based on coatings covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa oil and gas corrosion protection market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa oil and gas corrosion protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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