The global corrosion inhibitors market size is expected to reach USD 1.85 Billion in 2032 and register a steady revenue CAGR of 6.3% over the forecast period, according to the latest analysis by Emergen Research. Stringent regulations on the use of corrosion inhibitors in various industries is a key factor driving market revenue growth. The implementation of these regulations aims to protect both human health and the environment while ensuring safety of products and systems that utilize corrosion inhibitors. The water treatment industry faces strict regulations, leading to rising demand for corrosion inhibitors due to potential impact of corrosion on the quality of drinking water. For instance, on 15 January 2021, Environmental and Protection agency (EPA) released the ’National Primary Drinking Water Regulation: Lead and Copper Rule Revisions’ in the Federal Register. All community and non-transient non-community public water systems must adhere to the LCRR by October 16, 2024. Meeting this compliance deadline ensures that water systems will make ongoing advancements in identifying lead service lines, a crucial step in reducing lead. In addition, rising demand for corrosion inhibitors to address copper and lead corrosion is another key factor driving revenue growth of the market.
Factors influencing the growth of the Corrosion Inhibitors market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Corrosion Inhibitors market. The report discusses in detail the positive and negative impact of the pandemic on the Corrosion Inhibitors industry. The supply chain disruptions and economic volatility have altered the dynamics of the Corrosion Inhibitors industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Corrosion Inhibitors market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Corrosion Inhibitors Market and Profiled in the Report are:
Nouryon, Dow, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, DuPont de Nemours, Inc., and Baker Hughes, a GE company LLC
Objectives of the Report:
Study of the global Corrosion Inhibitors market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Corrosion Inhibitors market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Corrosion Inhibitors market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Corrosion Inhibitors market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
- Compound Outlook (Revenue, USD Billion; 2019–2032)
- Organic Corrosion Inhibitors
- Amines
- Fatty Acids
- Polyamines
- Imidazolines
- Inorganic Corrosion Inhibitors
- Zinc-based Inhibitors
- Phosphate-based Inhibitors
- Molybdate-based Inhibitors
- Silicate-based Inhibitors
- Hybrid Corrosion Inhibitors
- Organic Corrosion Inhibitors
- Type Outlook (Revenue, USD Billion; 2019–2032)
- Water-based corrosion inhibitors
- Oil-based corrosion inhibitors
- Volatile Corrosion inhibitors
- Application Outlook (Revenue, USD Billion; 2019–2032)
- Water Treatment
- Cooling Water Systems
- Boiler Systems
- Desalination Plants
- Process and product additives
- Upstream (Exploration & Production)
- Midstream (Pipelines & Transportation)
- Downstream (Refining & Petrochemicals)
- Industrial & Institutional Cleaning
- Hard Surface Cleaners
- Vehicle Wash Solutions
- Floor Cleaners
- Industrial Degreasers
- Others
- Power Generation
- Metal Processing
- Pulp & Paper
- Chemical Processing
- Others (Automotive, Aerospace, Marine, etc.)
- Water Treatment
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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