Global Corrosion Inhibitor Market: Industry Analysis and Forecast 2021-2027: By Product, Type, End Use and Region.

Global Corrosion Inhibitor Market is anticipated to reach US$ 10.20 Bn by 2027 from US$ 7.70 Bn in 2019 at a CAGR of 4.8% during a forecast period.

Global Corrosion Inhibitor Market Overview

Corrosion inhibitors are chemical substances that prevent or slow the corrosion of metals or alloys on their exposed surfaces. Corrosion inhibitors come in a variety of forms, including solid, liquid, powder, and gaseous. Corrosion inhibitors are used in a variety of industries, including pulp and paper, oil and gas, water and wastewater treatment, refineries, and more. Global Corrosion Inhibitor Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year to forecast the market from 2021 to 2027. However, 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe.

Global Corrosion Inhibitor Market Dynamics

The Rising demand for non-toxic corrosion inhibitors in various sectors such as automotive, aerospace, and power generation has led to the growth of the market over the forecast period. Corrosion inhibitors work to protect the material against air moisture and harsh weather by forming a protective layer on the surface. As a result of the increasing need for corrosion inhibitors, fuel costs for oil and gas have risen globally. The substantial expansion of the construction industry worldwide is expected to drive the sales volume of global corrosion inhibitors throughout the forecast period. The common application for a product is the covering of construction materials such as steel and steel bars, bolts, nuts, and metal components. The usage of the product enables the material to withstand corrosion produced by air humidity and tough climatic conditions that increase the life and durability of the product. Similarly, the market is expected to provide significant potential for corrosion inhibitors through shale gas growth, an increase in power generation facilities, and water treatment methods. The global corrosion inhibitors market is strictly controlled and regulated by environmental regulations, particularly in terms of disposal and human exposure. For example, increased product consumption leads to the disposal of hazardous raw materials such as chromium, zinc, and phosphorous utilized in the industry. This is expected to hinder the global market growth during the forecast period.

Global Corrosion Inhibitor Market Segmentation Analysis

By Compound, The organic segment held the largest market share of 73.8 percent in 2019. They have high water densities, are cheap, and are in a wide range of temperatures suitable with protected materials. They generate an electrochemical protective coating on metal surfaces to lower the corrosion rate. By Type, in 2019, water-based corrosion inhibitors accounted for 69.8% of the market. Water-based corrosion inhibitors are mostly used in industrial and municipal environments because no compounds are permitted for use in treatment with drinking water. Often across several end-use industries, these inhibitors are used in cooling towers and boilers.

Global Corrosion Inhibitor Market Regional Insights

The Asia Pacific is the fastest-growing market during the forecast period, holding its largest market share of 36.3 percent in 2019. The rising need for water-treatment chemicals in the region may be ascribed to factors including high population, industrialization, and growing environmental concern. The region's developing countries, particularly India and China, are expected to contribute to the growth of the market during the forecast period. Europe is one of the major users of corrosion inhibitors due to large drug use in industrial fields such as sugar and ethanol and petrochemical production. Water treatment concerns in Europe play a critical part in corrosion control activities, as well as preserving the operational integrity of heat transfer equipment and decreasing the negative impact on process unit energy efficiency.

Global Corrosion Inhibitor Market Scope: Inquire before buying

Global Corrosion Inhibitor Market

Global Corrosion Inhibitor Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Corrosion Inhibitor Market Key Players

BASF SEAshland IncAkzoNobel N.V.Champion Technologies • Dai-Ichi Karkaria Ltd • Ecolab, Inc • Lubrizol Corporation • Cytec Industries Inc • Akzo Nobel NV • DuPont de Nemours Inc • Evonik Industries AG • General Electric Co • Israel Chemicals Ltd • Schlumberger Ltd • Solvay SA

Frequently Asked Questions

1. What is the projected market size & growth rate of the Global Corrosion Inhibitor Market? Ans- Corrosion Inhibitor Market was valued at USD 7.70 billion in 2019 and is projected to reach USD 10.20 billion by 2027, growing at a CAGR of 4.8% during the forecast period. 2. What are the key driving factors for the growth of the Global Corrosion Inhibitor Market? Ans- The Rising demand for non-toxic corrosion inhibitors in various sectors such as automotive, aerospace, and power generation has led to the growth of the market over the forecast period. The substantial expansion of the construction industry worldwide is expected to drive the sales volume of global corrosion inhibitors throughout the forecast period. 3. Which region accounted for the largest Global Corrosion Inhibitor Market share? Ans- The Asia Pacific is the fastest-growing market during the forecast period, holding its largest market share of 36.3 percent in 2019. The rising need for water-treatment chemicals in the region may be ascribed to factors including high population, industrialization, and growing environmental concern. 4. What makes Europe a Lucrative Market for the Global Corrosion Inhibitor Market? Ans- Europe is one of the major users of corrosion inhibitors due to large drug use in industrial fields such as sugar and ethanol and petrochemical production. Water treatment concerns in Europe play a critical part in corrosion control activities, as well as preserving the operational integrity of heat transfer equipment and decreasing the negative impact on process unit energy efficiency. 5. What are the top players operating in the Global Corrosion Inhibitor Market? Ans- The major players operating in the Corrosion Inhibitor market include BASF SE, Ashland Inc, AkzoNobel N.V., Champion Technologies, Dai-Ichi Karkaria Ltd, Ecolab, Inc, Lubrizol Corporation, Cytec Industries Inc, Akzo Nobel NV, and DuPont de Nemours Inc.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Corrosion Inhibitor Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Corrosion Inhibitor Market 3.4. Geographical Snapshot of the Corrosion Inhibitor Market , By Manufacturer share 4. Global Corrosion Inhibitor Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Corrosion Inhibitor Market 5. Supply Side and Demand Side Indicators 6. Global Corrosion Inhibitor Market Analysis and Forecast, 2019-2027 6.1. Global Corrosion Inhibitor Market Size & Y-o-Y Growth Analysis. 7. Global Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 7.1.1. Organic 7.1.2. Inorganic 7.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 7.2.1. Water Based 7.2.2. Oil Based 7.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 7.3.1. Power Generation 7.3.2. Oil & Gas 7.3.3. Paper & Pulp 7.3.4. Metal Processing 7.3.5. Chemical Processing 7.3.6. Water Treatment 7.3.7. Others 8. Global Corrosion Inhibitor Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 9.1.1. Organic 9.1.2. Inorganic 9.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 9.2.1. Water Based 9.2.2. Oil Based 9.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 9.3.1. Power Generation 9.3.2. Oil & Gas 9.3.3. Paper & Pulp 9.3.4. Metal Processing 9.3.5. Chemical Processing 9.3.6. Water Treatment 9.3.7. Others 10. North America Corrosion Inhibitor Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 11.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 12. Canada Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 12.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 13. Mexico Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 13.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 14. Europe Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 14.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 15. Europe Corrosion Inhibitor Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 16.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 17. France Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 17.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 18. Germany Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 18.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 19. Italy Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 19.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 20. Spain Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 20.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 21. Sweden Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 21.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 22. CIS Countries Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 22.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 23. Rest of Europe Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 23.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 24. Asia Pacific Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 24.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 25. Asia Pacific Corrosion Inhibitor Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 26.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 27. India Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 27.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 28. Japan Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 28.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 29. South Korea Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 29.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 30. Australia Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 30.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 31. ASEAN Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 31.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 32. Rest of Asia Pacific Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 32.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 33. Middle East Africa Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 33.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 34. Middle East Africa Corrosion Inhibitor Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 35.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 36. GCC Countries Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 36.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 37. Egypt Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 37.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 38. Nigeria Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 38.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 39. Rest of ME&A Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 39.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 40. South America Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 40.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 41. South America Corrosion Inhibitor Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 42.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 43. Argentina Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 43.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 44. Rest of South America Corrosion Inhibitor Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Type , 2019-2027 44.3. Market Size (Value) Estimates & Forecast By End Use, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Corrosion Inhibitor Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Ashland Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. BASF SE 45.5. Ashland Inc 45.6. AkzoNobel N.V. 45.7. Champion Technologies 45.8. Dai-Ichi Karkaria Ltd 45.9. Ecolab, Inc 45.10. Lubrizol Corporation 45.11. Cytec Industries Inc 45.12. Akzo Nobel NV 45.13. DuPont de Nemours Inc 45.14. Evonik Industries AG 45.15. General Electric Co 45.16. Israel Chemicals Ltd 45.17. Schlumberger Ltd 45.18. Solvay SA 46 Primary Key Insights

About This Report

Report ID115270
Category Material & Chemical
Published DateAug 2021
Updated Date
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