Global Corrosion Inhibitors Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Corrosion Inhibitors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global corrosion inhibitors market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global corrosion inhibitors market report has been segmented on the basis of product type, application, end-use, and region.
Corrosion inhibitors are chemical compounds that prevent or reduces the rate of corrosion of the metals or alloys exposed to the environment. Corrosion inhibitors are available in solid, liquid, gaseous, and powder forms.
Growing construction, power generation, and metal processing sector in developing and developed economies is a major factor expected to drive revenue growth of global corrosion inhibitors market over the forecast period. Moreover, increasing use of corrosion inhibitors to reduce the maintenance cost of equipment is expected to drive revenue growth of target market.
However, increasing use of product result in disposal of harmful materials such as zinc, chromium, and phosphorus is a major factor expected to restrain revenue growth of corrosion inhibitors market over the forecast period.
On the basis of application, the water-based corrosion inhibitors segment is expected to account for major revenue share in the global corrosion inhibitors market. Water-based corrosion inhibitors emit low volatile organic content as compared to solvent-based which is expected to drive revenue growth of this segment over the forecast period. Moreover, water-based inhibitors are cost-effective as compared to oil-based inhibitors which are expected to support the revenue growth of this segment.
On the basis of end-use, the power generation segment is expected to account major revenue share in the global market. Increasing government investments on renewable power generation in developing economies owing to rising population is expected to drive revenue growth of this segment over the forecast period.
Asia Pacific market is expected to account for major revenue share in the global corrosion inhibitors market and is expected to maintain its dominance over the forecast period. Rapid industrialization coupled with growing oil & gas industry in the region is expected drive revenue growth of Asia Pacific corrosion inhibitors market over the forecast period. Moreover, growing spending on construction from the public and private sector in the countries such as India, China, and Indonesia is expected to support revenue growth of corrosion inhibitors market in the region. The Asia Pacific accounts for the major revenue share contribution of the global corrosion inhibitors market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. The corrosion inhibitors market in Europe is expected to grow at a lower growth rate over the forecast period owing to stringent government regulations on the discharge of toxic chemicals in the environment in the region.
Market Segmentation and Key Players Operating In The Global Corrosion Inhibitors Market:
By Product Type:
- Organic Corrosion Inhibitors
- Inorganic Corrosion Inhibitors
- Power Generation
- Oil & Gas
- Paper & Pulp
- Metal Processing
- Others (Mining, Desalination plant, etc.,)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Air Products and Chemicals, Inc.
- BASF SE
- Ashland Inc.
- Cytec Industries Incorporated
- I. du Pont de Nemours and Company
- Henkel AG & Co. KGaA
- R. Grace & Co.
- Dai-Ichi Karkaria Ltd.
- The Lubrizol Corporation
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