Acid Proof Lining Market Report

The acid-proof lining is utilised to provide an effective and long-lasting anti-corrosion barrier. The acid proof lining is widely used in the market because to its excellent finishing, sturdiness, durability, tensile strength, resistance to polymer chains such as acids, and low maintenance requirements, which is one of the primary reasons driving market expansion. According to Energy Shale Gas Production, total natural gas production in Canada and Mexico is expected to contribute 30% and more than 75%, respectively, by 2040. US Energy Information Administration analyse that, crude oil production in Mexico climbed to 172,000 barrels per day in March 2021 from 983,000 barrels per day in February 2021. Natural gas production in the United States was about to be 34.4 Tn cubic feet (Tcf) in 2020. Additionally. As per the US Energy Information Administration, US crude oil production will average 11.7 Mn barrels per day in 2022 and 12.4 Mn barrels per day in 2023, above the record high established in 2019. As a result, all of these factors are likely to promote the expansion of the oil and gas sector in North America, hence increasing demand for the acid-proof lining market.

Carbon bricks are extremely resistant to polymer chains, including strong acids and alkalis, salts, and solvents. Carbon brick lining is widely used in corrosive environments with acid assaults because it can tolerate high temperatures and thermal stress associated with vessels. Carbon brick lining is comprised of high-quality carbon-containing materials that are moulded under high pressure, resulting in exceptional mechanical strength. As a result, carbon brick lining is the right option for many sectors of the chemical industry, including the lining of baths, chambers, and towers in chemical facilities. As a result, increased chemical production required carbon brick linings for improved productivity in corrosive environments. The American Chemistry Council (ACC) predicts that overall chemical output volume excluding pharmaceuticals will increase by 3.9% in 2021 and 2.7% in 2022. The output of basic chemicals is expected to reach 5.05% in 2021 and 3.2% in 2022. Carbon brick lining is also utilised in reaction tanks, corrosion-resistant masonry building, and floor coverings, which will propel the acid-proof lining sector even further.

During the tragedy of COVID-19, most countries went into lockdown, putting production continuity, including the oil and gas sector, on hold, hampering the expansion of the acid-proof lining market. Acid-proof linings are used in the oil and gas sector to protect steel structures against corrosion. However, the halt in refinery production is impeding market expansion. Based on the US Energy Information Administration (EIA), natural gas output in the United States decreased by 316 MMcf/d between March and April 2021. According to BP data, global oil output fell by 60,000 barrels per day in 2019, which was more than offset by a reduction in OPEC output led by the US (-2 Mn b/d), Iran (-1.3 Mn b/d), Venezuela (-560,000 b/d), and Saudi Arabia (-430,000 b/d). However, the global need for acid-proof lining materials has been severely impacted in terms of consumption due to lower output in oil refineries, which is constraining market growth.

According to the India Brand Equity Foundation (IBEF), the oil and gas industry is expected to attract US$ 25 Bn in exploration and production investments by 2022.

H Steel, a Korean steel business, will unveil a unique ecologically friendly brick in May 2021 in order to capture the attention of the steel and refractory industries globally. When compared to standard resin-bonded refractory materials, the innovative phenol free refractory brick may dramatically reduce odour while maintaining water and heat resistance.

Due to increased demand from different end-use sectors such as oil gas and pharmaceutical in Asian nations such as India and China, the Asia Pacific region held the highest share of more than 2/5 in the acid proof lining market size in 2022. According to the US Energy Information Administration, China's crude oil output grew to 4,010 barrels per day in August, up from 3,973 barrels per day in July 2021. China's total natural gas output is expected to contribute more than 40% by 2040. Furthermore, according to the IBEF, oil demand in India is expected to double to 11 Mn barrels per day by 2045. By 2029-30, diesel consumption in India is predicted to quadruple to 163 MT, with diesel and gasoline accounting for 58% of India's oil demand by 2045. Natural gas consumption in India is predicted to increase by 25 Bn cubic metres (BCM). As a result, there is a significant chance for the acid-proof lining business to flourish in the region.