Press release
Corrosion Inhibitor Market Growth by 2025 – Report Includes Top Companies Profile (APS, Akzo Nobel N.V., Air Products and Chemicals, Inc., Champion Technology Services, Inc., ICL, SUEZ, Daubert Cromwell, Inc., Dai-ichi India Pvt Ltd)
Global Corrosion Inhibitor Market – Industry Trends and Forecast to 2025
The Global Corrosion Inhibitor Market is expected to reach USD 10.1 billion by 2025, from USD 7.2 billion in 2017 growing at a CAGR of 6.8 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Corrosion Inhibitor Market, By Product Type (Organic, Inorganic), By Application (Water based, Oil/solvent based), By End-User (Power Generation, Oil & Gas Refinery, Pulp & Paper, Metal & Mining, Chemical Processing, & Desalination Plant), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa– Industry Trends and Forecast to 2025
TOP Key Players:
APS,
Akzo Nobel N.V.,
Air Products and Chemicals, Inc.,
Champion Technology Services, Inc.,
ICL,
SUEZ,
Daubert Cromwell, Inc.,
Dai-ichi India Pvt Ltd,
Cytec Solvay Group,
ChemTreat,
Aegion Corporation,
Kurita Water Industries Ltd,
Kemira,
The Lubrizol Corporation,
Milacron NOF METAL COATINGS GROUP,
Eco Friendly Product,
NALCO India.,
QED Chemicals Ltd,
Eastman Chemical Company,
SHAWCOR H,
Corrosion Technologies, LLC,
R. Grace & Co.-Conn,
BASF SE,
The Dow Chemical Company and others.
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Competitive Analysis:
The global corrosion inhibitor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrosion inhibitor market for global, Europe, North America, Asia Pacific and South America.
Market Definition:
A corrosion inhibitor is defined as a chemical compound which reduces its corrosion rate by applying metal and adding liquid or gas in material. Types of corrosion inhibitor are o anodic inhibitor; cathodic inhibitors mixed inhibitors, volatile Corrosion Inhibitors. Its efficiency depends on flow regime, quantity of water, and fluid composition. It is used in different verticals such as power generation, oil & gas refinery, pulp & paper, metal & mining, chemical processing, & desalination plant. Corrosion inhibitor controls corrosion by making the environment metal less corrosive and by protecting the metal surface directly. HALOX launched the most extensive line of corrosion inhibiting products ranging from organic and Inorganic Corrosion inhibitors to flash rust, hybrid and specialty corrosion inhibitors.
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Market Segmentation:
The global corrosion inhibitor market is segmented based on product type, application, end user and geographical segments.
Based on product type
Based on application
On the basis of end-user
Based on geography
Major Market Drivers:
Demand for water treatment processes
Growing preference for non – toxic corrosion inhibitors
Increasing exploration of matured reserves
Rising raw material costs
Increasing environmental concerns
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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