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Corrosion Inhibitor Market By Product (Organic, Inorganic), By Application (Water-Based, Oil-Based), By End Use (Power Generation, Oil & Gas, Pulp & Paper Metal Processing, Chemical Processing) - Growth, Future Prospects And Competitive Analysis 2017 - 2025

This report, titled "Corrosion Inhibitor Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the corrosion inhibitor market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on product type, application, end-use industry, and geographical distribution.

The global corrosion inhibitor market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for corrosion inhibitors. In addition, several players are also focused on developing their niche in the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on product type, the global corrosion inhibitor market is segmented into organic and inorganic corrosion inhibitors. By application, the global corrosion inhibitor market is segmented into water-based and oil-based products. On the basis of the end-use industry, the global corrosion inhibitor market is categorized into power generation, oil & gas, pulp & paper, metal processing, chemical processing, and others.

In addition, corrosion inhibitor manufacturing companies, distributors, and academic organizations form the major client types for the corrosion inhibitor market. The market size (in kilo tonnes) and forecast for all the considered segmentations are presented in this report for the period 2015–2025, along with their respective CAGRs (%) for the forecast period 2017–2025.

In terms of geographical distribution, the global corrosion inhibitor market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. To further elucidate.

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global corrosion inhibitor market.

The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of corrosion inhibitors.

Based on the product type, the global corrosion inhibitor market is segmented as follows:

  • Organic
  • Inorganic

On the basis of product type, the global corrosion inhibitor market can be segmented into organic and inorganic. In 2016, the organic segment accounted for the largest share of the global corrosion inhibitor market. A wide array of applications of organic corrosion inhibitors in metal processing and the chemical industry in water treatment owing to their less toxic properties, is projected to drive the growth of the segment over the forecast period.

The inorganic corrosion inhibitor segment is projected to gain significant growth over the forecast period. The increasing use of inorganic corrosion inhibitors in water treatment applications is expected to drive segment growth during the forecast period (2017-2025).

Based on the application, the global corrosion inhibitor market is segmented as follows:

  • Water-based
  • Oil-based

On the basis of application, the global corrosion inhibitor market can be segmented into water-based applications and oil-based applications. In 2016, water-based applications were observed to be the largest application segment and are projected to maintain their dominance during the forecast period.

Increasing demand for water-based corrosion inhibitors from end-use industries, including construction, power generation, oil & gas, and mining, is anticipated to spur the growth of the segment over the forecast period. Oil-based applications are anticipated to witness high growth during the forecast period owing to the growing demand for oil-based corrosion inhibitors for protective coatings, which is projected to augment the segment's growth.

Based on the end-use industry, the global corrosion inhibitors market is segmented as follows:

  • Power Generation
  • Oil and Gas
  • Pulp and paper
  • Metal Processing
  • Chemical Processing
  • Others

On the basis of the end-use industry, the global corrosion inhibitors market can be segmented into power generation, oil & gas, pulp & paper, metal processing, chemical processing, and others. In 2016, the power generation segment accounted for the largest share of the global corrosion inhibitors market. Corrosion inhibitors are widely used for corrosion protection of turbines, pipelines, machines, equipment, etc., used in power plants.

Thus, growing energy demand with a rising population is anticipated to propel the need for power plants to operate longer hours, which in turn is anticipated to spur the demand for corrosion inhibitors. Further, rising investment in renewable energy is also anticipated to augment the demand for corrosion inhibitors during the forecast period.

Increased produced water generation and rising exploration of conventional and non-conventional oil and gas reserves are anticipated to boost the growth of the oil and gas application segment over the forecast period (2017–2025).

For the purpose of this study, the global corrosion inhibitor market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global corrosion inhibitor market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific accounted for the largest share of the global corrosion inhibitor market and was also projected to witness robust growth during the forecast period.

Rapid industrial and infrastructure development in the region, especially in China and India, is fueling the growth of the construction industry, which in turn is propelling the demand for construction materials such as steel bars and other metal components, subsequently increasing the demand for water treatment and metal treatment. Thus, the corrosion inhibitor market is projected to witness significant growth in the consumption of corrosion inhibitors in the Asia Pacific during the forecast period.

North America is projected to be the second-largest market in the global corrosion inhibitors market. Increasing produced water generation, along with growing production of shale gas reserves and a strong manufacturing base, are anticipated to propel the demand for corrosion inhibitors in the region during the forecast period (2017–2025).

Frequently Asked Question:

The market for Corrosion Inhibitor Market is expected to reach USD$ 9.1 Bn in 2025.

The Corrosion Inhibitor Market is expected to see significant CAGR growth over the coming years, at 4.2%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Arkema SA,Ashland Incorporated,BASF SE,Berkshire Hathaway Incorporated,Buckman Laboratories International Incorporated,Champion Technologies Inc. are some of the major players in the global market.

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Godaddy
Published Date:  May 2017
Category:  Chemicals
Report ID:   58482
Report Format:   PDF
Pages:   120
Rating:    4.8 (60)
Delivery Time: 24 Hours to 48 Hours   
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