Global Corrosion Inhibitor Market, By Product Type (Organic, Inorganic), By Application (Water based, Oil/solvent based), By End-User (Power Generation, Oil & Gas Refinery, Pulp & Paper, Metal & Mining, Chemical Processing, & Desalination Plant), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa– Industry Trends and Forecast to 2025
The Global Corrosion Inhibitor Market is expected to reach USD 10.1 billion by 2025, from USD 7.2 billion in 2017 growing at a CAGR of 6.8 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Some of the major players operating in the global corrosion inhibitor market are APS, Akzo Nobel N.V., Air Products and Chemicals, Inc., Champion Technology Services, Inc., ICL, SUEZ, Daubert Cromwell, Inc., Dai-ichi India Pvt Ltd, Cytec Solvay Group, ChemTreat, Aegion Corporation
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Major Market Competitors/Players:
Some of the major players operating in the global corrosion inhibitor market are APS, Akzo Nobel N.V., Air Products and Chemicals, Inc., Champion Technology Services, Inc., ICL, SUEZ, Daubert Cromwell, Inc., Dai-ichi India Pvt Ltd, Cytec Solvay Group, ChemTreat, Aegion Corporation, Kurita Water Industries Ltd, Kemira, The Lubrizol Corporation, Milacron NOF METAL COATINGS GROUP, Eco Friendly Product -, NALCO India. , QED Chemicals Ltd, Eastman Chemical Company, SHAWCOR H, Ashland. Corrosion Technologies, LLC, W. R. Grace & Co.-Conn, BASF SE, The Dow Chemical Company and others.
Major Market Drivers:
- Demand for water treatment processes
- Growing preference for non – toxic corrosion inhibitors
- Increasing exploration of matured reserves
- Rising raw material costs
- Increasing environmental concerns
The global corrosion inhibitor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrosion inhibitor market for global, Europe, North America, Asia Pacific and South America.
- To perceive the most influencing pivoting and hindering forces in Corrosion Inhibitor Market and its footprint in the international market.
- Learn about the market policies that are being endorsed by ruling respective organizations.
- To gain a perceptive survey of the market and have an extensive interpretation of the Corrosion Inhibitor Market and its materialistic landscape.
- To understand the structure of Corrosion Inhibitor Market by identifying its various sub segments.
- Focuses on the key global Corrosion Inhibitor Market players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Corrosion Inhibitor Market submarkets, with respect to key regions (along with their respective key countries).
- To strategically profile the key players and comprehensively analyze their growth strategies
- To analyze the Corrosion Inhibitor Market with respect to individual growth trends, future prospects, and their contribution to the total market.
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Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
A corrosion inhibitor is defined as a chemical compound which reduces its corrosion rate by applying metal and adding liquid or gas in material. Types of corrosion inhibitor are o anodic inhibitor; cathodic inhibitors mixed inhibitors, volatile Corrosion Inhibitors. Its efficiency depends on flow regime, quantity of water, and fluid composition. It is used in different verticals such as power generation, oil & gas refinery, pulp & paper, metal & mining, chemical processing, & desalination plant. Corrosion inhibitor controls corrosion by making the environment metal less corrosive and by protecting the metal surface directly. HALOX launched the most extensive line of corrosion inhibiting products ranging from organic and Inorganic Corrosion inhibitors to flash rust, hybrid and specialty corrosion inhibitors.
The global corrosion inhibitor market is segmented based on product type, application, end user and geographical segments.
- Based on product type:- Organic, Inorganic
- Based on application:- Water based, Oil/solvent based and others.
- On the basis of end-user:- Power generation, oil & gas refinery, pulp & paper, metal & mining, chemical processing, & desalination plant and others
- Based on geography:- North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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