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Corrosion Protection Engineering Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Corrosion Protection Engineering Services Market Research Report | Specialist Engineering, Infrastructure & Contractors | Specialist Contractors | Dec 2012

Firm hold: Steady demand for infrastructure maintenance has kept performance strong

IBISWorld’s Corrosion Protection Engineering Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Northern Technologies International Corporati Northern Technologies International Corporati market share
Industry Statistics & Market Size
Revenue
$86bn
Annual Growth 07-12
1.1%
Annual Growth 12-17
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Profit
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Employment
498,607
Businesses
65,241
Industry Analysis & Industry Trends

The Corrosion Protection Engineering industry is busy managing the corrosion of the aging US infrastructure and protecting new projects from its harmful effects. Although the recession caused demand from key construction, energy and transportation markets to slow as they reduced investments and scaled back production, a renewed public federal government focus on upgrading America's aging infrastructure and recovering public and private levels of investment into downstream energy, construction and transportation industries will underpin growth. Industry firms will benefit from increasing demand by downstream industries to implement new materials and develop plans to economically reduce corrosion expenses and extend the life of costly new structures and equipment.... purchase to read more

Industry Report - Industry Investment Chapter

The Corrosion Protecting Engineering Services has a low level of capital intensity, largely due to the labor-based nature of its operations. Corrosion engineers undergo high levels of training and education and typically receive high salaries; the average industry wage is estimated to be about $83,500 in 2012. As such, firms' capital expenditures are heavily outweighed by their labor costs. IBISWorld estimates that industry companies typically spend $0.05 in capital investment for every $1.00 spent on wages. Depreciation expenses are estimated to account for only 2.5% of industry revenue, whereas wages are the largest cost segment for industry firms and absorb almost half of revenue.

In 2007, the industry's capital intensity was slightly lower... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Corrosion Protection Engineering Services Industry?

This industry includes companies that are engaged in applying scientific knowledge, natural laws and physical resources in order 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.

Industry Products
Cathodic protectionCoating servicesMaterial selection servicesEnvironmental analysis
 
Industry Activities
Corrosion prevention servicesCorrosion inspection servicesCorrosion maintenance and repair servicesEnvironmental analysis and project planningConstruction and production materials selection


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