Corrosion Inhibitors Market : Cortec Corporation (U.S.), ICL/Advanced Additives (U.S.), Henkel AG & CO. KGaA (Germany), AkzoNobel NV (The Netherlands), DowDupont (U.S.), Acuro Organics Limited (India), Chemtex Specialty Limited (India)

Corrosion Inhibitors Market Research Report: by Product (Organic, Inorganic), by Application (Water-based Corrosion Inhibitors, Oil/Solvent Corrosion Inhibitors), by End-use Industry (Power Generation, Oil & Gas, Mining, Metal Processing, Chemical Processing, Others) and Region - Forecast to 2023

Market Overview:
The global corrosion inhibitors market was valued at USD 7,350.6 million in 2017 and is expected to register a CAGR of 4.26% from 2018 to 2023 to reach USD 9,388.4 million by the end of 2023.

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Corrosion inhibitors are chemicals added to flow pipelines, coolants, fuels, hydraulic fluids, and engine oil, among others, to prevent corrosion or to reduce the rate of corrosion. These may be organic or inorganic in nature, depending upon the nature of the job in hand and the relevance of the peculiar characteristics of each type. Corrosion inhibitors prevent access to corrosive radicals such as oxygen, helping preserve the original solidity of the base material. In this way, they perform a crucial role in applications where any leakage caused by rusting can be highly hazardous, such as the oil and gas industry and the chemical processing industry.

The corrosion inhibitors market is likely to grow at a steady growth rate over the forecast period due to the growing demand for corrosion inhibitors from the oil and gas industry. Increasing production efforts in the oil and gas industry have driven the demand for the numerous accessories required in the industry, including corrosion inhibitors. The market can accumulate demand at 3.53% CAGR over the forecast period (2018-2023). These activities are not limited only to developed countries, but are present in a number of developing countries as well. This is likely to be a major driver for the global corrosion inhibitors market over the forecast period. On the other hand, the increasing adoption of thermoplastics in the key end-use industries of corrosion inhibitors could emerge as a major restraint against the global corrosion inhibitors market over the forecast period.

Report Overview:

The report provides a clear look at the inner workings of the global corrosion inhibitors market by compiling an accurate datasheet about the market’s past, present, and future. The historical trends in the global corrosion inhibitors market are studied in detail to understand the historical movement patterns in the market. The present trends of the global corrosion inhibitors market are studied in terms of the historical movement patterns of the market in order to derive a clear idea of how the market is likely to progress over the coming years. The probable future growth trajectory of the corrosion inhibitors market is laid out in detail in the report. The report also gives readers insight to break into the global corrosion inhibitors market and to expand their existing share by profiling the leading players and their winning moves.

Segmentation:

The report segments the global corrosion inhibitors market by product, application, end-use industry, and region in order to provide readers with a comprehensive look at the market. The product segmentation of the global corrosion inhibitors market includes organic and inorganic corrosion inhibitors. By application, the global corrosion inhibitors market is segmented into water-based and solvent/oil-based corrosion inhibitors. Based on end use, the market is segmented into power generation, metal processing, oil and gas, chemical processing, and others. Based on region, the global corrosion inhibitors market is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

Research Methodology:

Extensive primary and secondary research is married in this report to present to readers a comprehensive overview of the global corrosion inhibitors market. Extensive interviews were carried out with key players in the global corrosion inhibitors market in order to get hands-on knowledge of the market’s current condition. Current trends in the market are studied with respect to the information gathered from primary sources. Extensive secondary research is also carried out to corroborate and add to the primary research and verify the accuracy of the data in the report. A top-down approach is allied to a bottom-up outlook to present a clear picture of the granular structure of the market.

Competitive Analysis:

Leading players in the global corrosion inhibitors market are studied in the market to understand their position in the market. Key players in the global corrosion inhibitors market include Cortec Corporation (U.S.), ICL/Advanced Additives (U.S.), Henkel AG & CO. KGaA (Germany), AkzoNobel NV (The Netherlands),

DowDupont (U.S.), Acuro Organics Limited (India), Chemtex Specialty Limited (India), Ganesh Benzoplast Limited (India), Solvay (Belgium), Ecolab (U.S.), Ashland (U.S.), and Air Products and Chemicals Inc. (U.S.).

Segmentation:

Type
Organic Corrosion Inhibitors
Inorganic Corrosion Inhibitors
Application
Water-based Corrosion Inhibitors
Solvent/Oil-based Corrosion Inhibitors
End-use Industry
Power generation
Metal processing
Oil and gas
Chemical Processing
Others
Region
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Rest-of-the-World
Intended Audience
Water Treatment Chemical Manufacturers
Water Treatment Chemical Service Providers
Water Treatment Chemical Associations
Traders and Distributors
Oilfield Chemical Manufacturers

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