Corrosion Inhibitor Market to reach USD 9.6 Billion by 2026 at CAGR of 3.6% | Top Players - BASF SE, Champion Technologies Inc., Chemtreat Inc., etc.

The global Corrosion Inhibitor Market is expected to reach USD 9.6 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing need to effectively reduce the corrosion rate of a metal exposed to any environment.

The industry has benefitted from the growth of construction sectors across the world. The product is mainly used in coating applications on construction materials including nuts, bolts, steel bars steel, and metal parts for protection against corrosion. It helps in the improvement of construction material durability increasing the overall life of the structure. Moreover, the overall construction spending was accounted approximately USD 8.2 trillion in 2016; and is expected to cross USD 16.3 trillion by 2026.

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Key participants include Air Products and Chemicals Inc., Akzo Nobel NV, Ashland Inc., Anticorrosion Protective Systems LLC, BASF SE, Champion Technologies Inc., Chemtreat Inc., Cytec Industries Inc., Cortec Corporation, Daubert Cromwell LLC, DOW Chemical, Halox Inc., Henkel AG & Co., and Kurita Water Industries Ltd, among others.

For the purpose of this report, Reports and Data have segmented global Corrosion inhibitor Market on the basis of Corrosive agent type, Corrosion type, Types, Product type, Inhibitor type, application, and region:

Corrosive agent type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Oxygen
o Hydrogen Sulfide
o Carbon Dioxide

Corrosion type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Uniform or general corrosion
o Atmospheric corrosion
o High-temperature corrosion
o Liquid-metal corrosion
o Molten-salt corrosion
o Biological corrosion
o Stray-current corrosion
o Galvanic corrosion
o Localized corrosion
o Crevice corrosion
o Filiform corrosion
o Pitting corrosion
o Intergranular corrosion
o Stress corrosion cracking (SCC)
o Erosion corrosion

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Inhibitor type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Passivating Inhibitors
o Volatile Inhibitors
o Cathodic Inhibitors
o Anodic Inhibitors
o Mixed Inhibitors
o Synergistic Inhibitors
o Precipitation Inhibitors
o Green Corrosion Inhibitors
o Adsorption Action Inhibitors
o Chemisorption
o Physical Adsorption

Types Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Water-Based
o Oil-Based/Solvent

Product type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Organic
o Benzotriazole
o Tolyltriazole
o Mercaptobenzothiazole
o Amines
o Phosphonates
o Inorganic
o Nitrites & nitrates
o Chromates, DI chromates & borates
o Molybdates
o Zinc sulfate & other salts
o Silicates
o Polyphosphates

Applications Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
o Power Generation
o Oil & Gas Refinery
o Pulp & Paper
o Metal & Mining
o Chemical Processing
o Desalination Plant
o Others

Regional Outlook (Revenue in USD Million; 2016-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

North America, primarily due to U.S., alone generated revenue at over USD 1.51 billion in 2018. The corrosion inhibitors market size in North America is mainly driven by the strong growth in the oil & gas industry in the region along with increasing investments in the construction business after the 2008 economic downturn.

The global corrosion inhibitors market growth is restrained by environmental regulations, particularly regarding its disposal and exposure to human. For example, increase in product usage leads to the disposal of harmful raw material, precisely chemicals used in the industry such as chromium, zinc and phosphorous.

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

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In conclusion, the Corrosion Inhibitor Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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