The global corrosion inhibitors market size is expected to reach USD 1.85 Billion in 2032 and register a steady revenue CAGR of 6.3% over the forecast period, according to the latest analysis by Emergen Research. Stringent regulations on the use of corrosion inhibitors in various industries is a key factor driving market revenue growth. The implementation of these regulations aims to protect both human health and the environment while ensuring safety of products and systems that utilize corrosion inhibitors. The water treatment industry faces strict regulations, leading to rising demand for corrosion inhibitors due to potential impact of corrosion on the quality of drinking water. For instance, on 15 January 2021, Environmental and Protection agency (EPA) released the ’National Primary Drinking Water Regulation: Lead and Copper Rule Revisions’ in the Federal Register. All community and non-transient non-community public water systems must adhere to the LCRR by October 16, 2024. Meeting this compliance deadline ensures that water systems will make ongoing advancements in identifying lead service lines, a crucial step in reducing lead. In addition, rising demand for corrosion inhibitors to address copper and lead corrosion is another key factor driving revenue growth of the market.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Corrosion Inhibitors market include:
Nouryon, Dow, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, DuPont de Nemours, Inc., and Baker Hughes, a GE company LLC
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Corrosion Inhibitors market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Corrosion Inhibitors Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Corrosion Inhibitors Market Segmentation:
-
Compound Outlook (Revenue, USD Billion; 2019–2032)
- Organic Corrosion Inhibitors
- Amines
- Fatty Acids
- Polyamines
- Imidazolines
- Inorganic Corrosion Inhibitors
- Zinc-based Inhibitors
- Phosphate-based Inhibitors
- Molybdate-based Inhibitors
- Silicate-based Inhibitors
- Hybrid Corrosion Inhibitors
- Organic Corrosion Inhibitors
-
Type Outlook (Revenue, USD Billion; 2019–2032)
- Water-based corrosion inhibitors
- Oil-based corrosion inhibitors
- Volatile Corrosion inhibitors
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Water Treatment
- Cooling Water Systems
- Boiler Systems
- Desalination Plants
- Process and product additives
- Upstream (Exploration & Production)
- Midstream (Pipelines & Transportation)
- Downstream (Refining & Petrochemicals)
- Industrial & Institutional Cleaning
- Hard Surface Cleaners
- Vehicle Wash Solutions
- Floor Cleaners
- Industrial Degreasers
- Others
- Power Generation
- Metal Processing
- Pulp & Paper
- Chemical Processing
- Others (Automotive, Aerospace, Marine, etc.)
- Water Treatment
Corrosion Inhibitors Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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