Press release
Corrosion and Scale Inhibitors Market Will Reach USD 12.24 billion by 2028| Major Players: Clariant, Kemira, GENERAL ELECTRIC, Dow
The corrosion and scale inhibitors market will reach at an estimated value of USD 12.24 billion and grow at a rate of 6.50% for the forecast period of 2021 to 2028. Increasing demand from oil & gas industry is a vital factor driving the growth of corrosion and scale inhibitors market.Scale inhibitors are a type of chemical whose main applications is the treatment of fluids, as it helps in avoiding any accumulation of formation of undesirable materials in the fluid they are used in. These chemicals are used constantly for the prevention of any material formulation in the container of fluids.
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Increasing wide availability of scale inhibitors is the vital factor escalating the market growth, also rising demand of biodegradable scale inhibitors, increasing growth in demand of scale inhibitors from the various industries, rise in demand for biodegradable and efficient scale inhibitors, rising waste water treatment plants and upcoming government projects towards water and waste water treatment, such as India's Namami Gange projects, along with rising potable water demand, due to ongoing surge in urbanization in emerging markets such as China and India are the major factors among others driving the corrosion and scale inhibitors market. Moreover, rise in the offshore spending and rising potential new oilfield discovery will further create new opportunities for the corrosion and scale inhibitors market in the forecast period of 2021- 2028.
However, increasing fluctuations and vulnerability in prices of raw materials required for the production of raw materials, rising environmental and handling effects of scale inhibitors and rising concerns regarding the usage of scale inhibitors and its impact are the major factors among others acting as restraints, while increasing current low oil prices and rising geopolitics and political unrest will further challenge the growth of corrosion and scale inhibitors market in the forecast period mentioned above.
Competitive Landscape and Corrosion and Scale Inhibitors Market Share Analysis
The corrosion and scale inhibitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to corrosion and scale inhibitors market.
The major players covered in the corrosion and scale inhibitors market report are Clariant, Kemira, GENERAL ELECTRIC, Dow, Lenntech B.V., Solvay, Ashland, Avista Technologies Inc., Innovative Chemical Technologies, BASF SE, Ecolab, Akzo Nobel N.V., Gulf Coast Chemical LLC, Henkel AG & Co. KGaA, Innospec, Eastman Chemical Company, Dai-ichi India Pvt Ltd, Cortec Corporation, Suez Environnement, Arkema, and Solenis among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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This corrosion and scale inhibitors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on corrosion and scale inhibitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Corrosion and Scale Inhibitors Market Scope and Market Size
The corrosion and scale inhibitors market is segmented on the basis of product, application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Based on product, the corrosion and scale inhibitors market is segmented into phosphonate scale inhibitor, carboxylate/acrylic scale inhibitor, sulfonate scale inhibitor and others.
The corrosion and scale inhibitors market is also segmented on the basis of application into power and construction industry, mining industry, oil and gas industry, water and wastewater treatment industry and food and beverage industry.
Corrosion and Scale Inhibitors Market Country Level Analysis
The corrosion and scale inhibitors market is analysed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the corrosion and scale inhibitors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the corrosion and scale inhibitors market due to rising wide availability of scale inhibitors, rising demand of biodegradable scale inhibitors, increasing growth in demand of scale inhibitors from the various industries and rise in demand for biodegradable and efficient scale inhibitors in this region. Europe is the expected regions in terms of growth in corrosion and scale inhibitors market due to increasing growth in demand of scale inhibitors from the various industries, rise in demand for biodegradable and efficient scale inhibitors and rising waste water treatment plants and upcoming government projects towards water and waste water treatment in this region.
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