Press release
South Korea Cathodic Protection Market to Reach USD 304.4 Million by 2035 - Growth Accelerates in Offshore Wind, Hydrogen, and Pipeline Infrastructure Across Key Provinces
South Korea cathodic protection market
The FMI report, "Cathodic Protection Industry Analysis in South Korea Size, Share, and Forecast Outlook 2025 to 2035," projects an additional USD 117.5 million in revenues over the decade, driven by investments in renewable energy, marine infrastructure, and smart corrosion monitoring technologies.
A Decade of Growth Anchored by ICCP Advancements and Hydrogen Initiatives:
Sacrificial anode cathodic protection (SACP) currently leads due to cost-effectiveness in marine and offshore applications, while impressed current cathodic protection (ICCP) gains momentum for large-scale projects. From 2025 to 2030, the market is expected to add approximately USD 52.3 million, propelled by offshore wind farms and subsea cable expansions.
Between 2030 and 2035, FMI anticipates another USD 65.2 million in growth, supported by AI-integrated remote monitoring, predictive maintenance, and the Uljin Nuclear Hydrogen National Industrial Complex-a KRW 400 billion (USD 300 million) project launched in 2024 to advance carbon neutrality by 2050.
"ICCP systems with IoT and AI enhancements are revolutionizing long-term asset protection in high-stakes environments like hydrogen pipelines and nuclear cooling systems," said an FMI research analyst. "These technologies minimize downtime and operational costs while ensuring regulatory compliance."
Cathodic Protection Key Market Insights at a Glance:
- Metric- South Korea Estimate
- Market Value (2025)- USD 186.9 million
- Forecast Value (2035)- USD 304.4 million
- CAGR- 5.0%
- Top Product Type- Galvanic Anodes (37.4% share)
- Dominant Application- Pipelines (41.5% share)
- Fastest-Growing Region- South Gyeongsang (5.3% CAGR)
South Gyeongsang: The Dominant Hub for Shipbuilding and Petrochemical CP Demand:
FMI data shows South Gyeongsang commanding 42.5% of the national market in 2025, driven by major shipyards like Hyundai Heavy Industries and Samsung Heavy Industries. ICCP systems protect offshore structures and marine pipelines, while petrochemical refineries in Ulsan rely on hybrid CP for storage tanks. The province is projected to grow at 5.3% CAGR through 2035.
South Jeolla and Jeju follow with 33.8% and 23.7% shares, respectively, fueled by offshore energy projects, LNG terminals, and wind turbine foundations in harsh marine conditions.
Cathodic Protection Five Forces Driving Market Expansion:
- Offshore Wind Surge: Targets 12 GW by 2030 under Renewable Energy 3020 Plan demand ICCP for floating platforms and subsea cables.
- Hydrogen Economy Roadmap: Over 2,000 km of pipelines by 2040 require advanced CP to prevent corrosion failures.
- Smart Infrastructure Integration: IoT-based monitoring in smart cities like Seoul and Busan enables real-time corrosion tracking.
- Regulatory Mandates: KOSHA, MOE, and ISO 15589-1 standards enforce SACP/ICCP adoption in oil & gas, power, and water sectors.
- Technological Retrofits: AI predictive analytics and AUV inspections address legacy infrastructure challenges.
Cathodic Protection Market Segment Overview:
- By Type: Galvanic (Sacrificial Anodes) holds 37.4% share in 2025 for marine and underground applications; ICCP accelerates in refineries and power plants.
- By Application: Pipelines lead with 41.5% share, driven by natural gas, hydrogen, and LNG networks; storage facilities and marine infrastructure follow.
- By Solution: Anodes dominate products; services like inspection and maintenance grow with remote monitors and AI tools.
- By Sub-Region: South Gyeongsang (42.5%), South Jeolla (33.8%), Jeju (23.7%), with North Jeolla supporting industrial automation.
Explore the full market insights and future trends-read the complete Market Report today! https://www.futuremarketinsights.com/reports/sample/rep-gb-18588
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Cathodic Protection Market Competitive Landscape:
- Aegion Corporation
- MATCOR Inc.
- James Fisher
- Corrstech Korea Ltd
- Dong Yang Corrosion Eng
- BAC Corrosion Control Ltd
- Cathodic Protection Co Ltd
- Imenco AS
- Farwest Corrosion Control Company
- CMP Europe
Tier 1 players like Aegion, MATCOR, and James Fisher hold 45-50% share, focusing on R&D in AI monitoring and sustainable anodes. Recent developments include AUVs for contactless CP inspections (October 2024) and VCIs integrated into storage tank strategies by MATCOR.
Cathodic Protection Market Outlook: Securing Sustainable Infrastructure:
Over the next decade, South Korea's CP market will shift toward digital, predictive systems for hydrogen, renewables, and urban assets. "As the nation pursues carbon neutrality and smart industrialization, CP evolves from passive protection to intelligent, data-driven lifecycle management," the FMI analyst noted. "Innovators bridging legacy retrofits with green tech will lead this transformation."
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Sealless Magnetic Drive Pump Market- https://www.futuremarketinsights.com/reports/sealless-magnetic-drive-pump-market
Plumbing Fitting & Fixtures Market- https://www.futuremarketinsights.com/reports/plumbing-fitting-and-fixtures-market
USA Compact Construction Equipment Market- https://www.futuremarketinsights.com/reports/united-states-compact-construction-equipment-market
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About Future Market Insights (FMI)
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
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