Global Oil Line Corrosion Inhibitors Market: Analysis, Trends, and Forecasts (2023-2025) - (Year+5) with a CAGR of 3.5%

Global Industry Analysis

Corrosion in oil and gas pipelines is a major concern for the industry due to its potential to cause leaks and environmental hazards. Oil line corrosion inhibitors are used to mitigate this problem and prolong the life of the pipelines. These inhibitors are chemical compounds that prevent corrosion by forming a protective layer on the pipeline surface.

Market Overview:

The global oil line corrosion inhibitors market is expected to grow at a CAGR of 3.5% from 2017 to 2025. The increasing demand for oil and gas is driving the growth of the market. Corrosion inhibitors are extensively used in the oil and gas industry to prevent corrosion and maintain the integrity of pipelines.

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Utilization of oil line corrosion inhibitors constitutes the most economical ways to mitigate the corrosion rate, protection of metal surface against corrosion and preservation of oil & gas facilities. Oil line corrosion inhibitors are generally added in small concentrations to corrosive environment which decreases the corrosion rate effectively. There are various types of corrosion inhibitors are available in the market which include organic and inorganic.

Global Oil Line Corrosion Inhibitors Market: Segmentation

Based on the product type

• Organic Inhibitors
• Inorganic Inhibitors

Based on the application

• Storage Tanks
• Pipelines
• Process Vessels & Equipment
• Others

Global Oil Line Corrosion Inhibitors Market: Dynamics

Surging investments in the oil & gas industry coupled with the governmental initiation and support is expected to be the key factor boosting the oil & gas fields, thus in turn results in the driving the global oil line corrosion inhibitors market. Further, the growth of the oil line corrosion inhibitors is being propelled by the growing oil & gas industry across the globe. As per the International Association of oil & gas producers, oil and gas production is increased significantly across the Europe and other regions.

Utilization of alternative materials such as alloys which are more resistant to corrosion as compared to that of carbon steel for the production of oilfield equipment's is expected to be the major challenge identified in the market for the oil line corrosion inhibitors manufacturers.

In the recent past, owing to the increasing interest and attention towards the environmental protection and hazardous effects of chemicals on ecological balance, the approach on the oil line corrosion inhibitors has gradually changed. Hence, green corrosion inhibitors are introduced for the oil fields which are biodegradable and also not contain any toxic compounds. These is one of the key trends identified in the global oil line corrosion inhibitors market

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Global Oil Line Corrosion Inhibitors Market: Region-wise Outlook

Considering regions, the oil line corrosion inhibitors market is expected to be dominated by APEJ and MEA. Owing to the significant investments in the oil & gas sector across the India, China and GCC Countries, the chances of corrosion are expected to be more at these fields by the environmental conditions.

Thus, in turn boosting the sales of oil line corrosion inhibitors across these regions. North America in the market has shown steady growth in the recent past, due to the decline in crude oil prices. Declining crude oil price have negatively impacted the drilling activities in the region. Latin America and Europe are expected to show moderate growth in the market over the forecast period

Global Oil Line Corrosion Inhibitors Market: Market Participants

Some of the examples of the market participants identified across the value chain of the global oil line corrosion inhibitors market include BASF SE, General Electric, The Dow Chemical Company, AkzoNobel N.V., Henkel AG & Co. KGaA, Ultima Chemicals, Innospec, DORF KETAL, Kemira, Lonza, CORTEC CORPORATION, Universal Oil Field, Rimpro India, Imperial Oilfield Chemicals Pvt. Ltd., and others.    

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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