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.
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Corrosion Inhibitors industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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Key Players operating in the industry are:
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
Radical Features of the Corrosion Inhibitors Market Report:
- The report encompasses Corrosion Inhibitors market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Corrosion Inhibitors industry
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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
Regional Analysis Covers:
- 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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