Corrosion Inhibitors Market Sales, Share & Trends

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Corrosion Inhibitors Market Outlook (2022-2032)

[300 Pages Report] The corrosion inhibitors market is anticipated to document a CAGR of 4.1% during the period of 2022-2032. The Corrosion Inhibitors Market is anticipated to reach US$ 12.4 Billion in 2032, from US$ 8.3 Billion in 2022. The market was valued at US$ 7.9 Billion in 2021, and is expected to grow with a Y-O-Y growth rate of 5.0%.

“Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to influence the Corrosion Inhibitors Market during the forecast period.”

Attributes	Details
Corrosion Inhibitors Market CAGR (2022 – 2032)	4.1%
Corrosion Inhibitors Market (2022)	US$ 8.3 Billion
Corrosion Inhibitors Market (2032)	US$ 12.4 Billion

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Prominent Corrosion Inhibitors Market Drivers

Increasing Industrialization in Developing Economies to encourage Corrosion Inhibitors Adoption

Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to undergo infrastructural development and boost industrial activities for the growth of their economies. Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the forthcoming years.

Corrosion Inhibitors Market

The global spending on infrastructure is expected to reach US$ 94 Trillion by 2040, and an additional US$ 3.4 Trillion would be required to attain United Nations’ Sustainable Development Goals for electricity and water, according to Oxford Economics.

Countries in Asia Pacific, China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, will be among the fastest-growing infrastructure spending countries, according to an Oxford Economics study. This has led to the increasing consumption of industrial water in emerging economies. This creates an opportunity for manufacturers to offer a wide range of corrosion inhibitors to various specific applications in order to protect them from corrosion.

Increasing Demand for Treated Water in various End-Use Segments

Freshwater resources account for only 2.5% of the total water resources globally, which makes the supply of water for industrial and domestic consumption a tough challenge. The widening gap between the demand and supply of water makes it necessary to efficiently recycle it, which can be undertaken by treating it.

The corrosion inhibitor market is rapidly growing in water treatment sectors across the globe. Industrial manufacturers are the largest customers for corrosion inhibitors and seeking more effective inhibitors that will reduce downtime for equipment repair.

An increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries, in particular. Cooling water is the largest segment for corrosion inhibitors in the water treatment process to protect the metal machinery from the water flow.

Key Challenges And Restraints Affecting The Corrosion Inhibitors Market Growth

Need for eco-friendly Formulations to restrain Corrosion Inhibitors Uptake

Stringent environmental legislation are the primary factors inhibiting the growth of the corrosion inhibitor market. The growing concern of chemicals having an impact on the environment and health has led to stringent regulatory constraints for corrosion inhibitors manufacturers.

This influences the manufacturers to opt for non-toxic alternatives. The property of the non-toxic corrosion inhibitors formulations to perform under severe conditions makes it difficult for the manufacturers to provide a replacement for standard formulations.

For instance, an alternative in the oil & gas industry has been zinc phosphate. Although effective, this inhibitor does not match the performance of chromate complexes like hexavalent chromium. This chemical is known for causing cancer in humans and animals, as per the United States Department of Labor.

Use of Corrosion-Resistant Materials likely to Diminish Prospects

Industries in the developed market are showcasing a high degree of maturity. The replacement of steel with plastics, ceramics, composite materials, and corrosion-resistant alloys in these industries is an example of this.

The metals and alloys which are capable of resisting corrosion to some degrees are known as Corrosion-Resistant Alloy (CRA). The corrosion inhibitors market is slowly moving toward more sustainable options due to the increasing environmental concerns and regulatory pressures.

The use of Duplex Stainless Steel (DSS), Super Duplex Stainless Steel (SDSS), and other exotic materials are becoming popular in the oil & gas industry. These are used for handling highly corrosive fluids as the oil & gas industry has high stakes of shutdown due to material failure.

These exotic metals also have excellent strength, durability, and ability to withstand extreme pressure & temperature, among other properties. Due to this property, these metals are being used in demanding sectors like automobile, aerospace, oil & gas industry, and power generation, among other industries.

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Key Trends For Corrosion Inhibitors Market

Growing demand from Power Generation and Oil & Gas Sector

In the US alone, the annual cost of corrosion to the oil & gas industry is estimated at USD 27 billion, according to NACE International (National Association of Corrosion Engineers). Using corrosion-resistant materials more widely and applying corrosion-related methods can reduce costs. Metal corrosion can be reduced or suppressed with corrosion inhibitors.

Metals and alloys are protected by insulating them or by retarding corrosion caused by cathodic and anodic processes. The use of corrosion inhibitors in these industries lowers maintenance and repair costs, extends the useful life of equipment, and reduces production loss from corrosion. Corrosion inhibitors are therefore a necessary component to reduce corrosion costs.

In February 2019, the progress of the National Strategic Project Development, namely the Cirebon Power Unit 2, with a capacity of 1×1000 MW, has now reached 39 percent and is targeted to operate in February 2022.

With the increasing oil & gas, and power generation projects the demand for organic corrosion inhibitors will also substantially increase. Thus, the expanding oil & gas, power generation projects act as a driver for the organic corrosion inhibitors market during the forecast period.

Comparative Analysis Of The Adjacent Corrosion Inhibitors Market

Corrosion Inhibitors Market:

Attributes	Corrosion Inhibitors Market
CAGR (2022 - 2032)	4.1%
Market Value (2032)	US$ 12.4 Billion
Growth Factor	An increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing to propel the market growth.
Opportunity	Infrastructural growth related to electricity demand is expected to boost the market growth.
Key Trends	increasing consumption of industrial water in emerging economies is expected to fuel the market growth.

Enzyme Inhibitors Market:

Attributes	Enzyme Inhibitors Market
CAGR (2022 - 2032)	3.9%
Market Value (2032)	US$ 2.0 Billion
Growth Factor	The continued increase in demand for effective and accurate drugs and the exponential rise in the incidence of diseases is expected to drive the market’s growth by increasing its therapeutic applications, such as treating cancer
Opportunity	The increasing demand for antibiotics is boosting the enzyme inhibitors market’s growth.
Key Trends	The increasing agricultural activities due to the growing demand for organic food is also expected to boost the market.

Competitive Inhibitors Market:

Attributes	Competitive Inhibitors Market
CAGR (2022 - 2032)	4.5%
Market Value (2032)	US$ 1.5 Billion
Growth Factor	The growth of the pharmaceutical and food industries is expected to drive the sales of competitive inhibitors in the near future.
Opportunity	The rising concern regarding the treatment of diseases such as cancer is expected to create a platform for the demand growth of competitive inhibitors among various research laboratories.
Key Trends	The application of competitive inhibitors in the diagnosis of animal diseases is expected to boost the sales of competitive inhibitors in the market, owing to the growing concerns regarding the protection and conservation of animals.

Category Wise Analysis For Corrosion Inhibitors Market

Availability of Organic Compounds to Surge Demand for Bio-based Corrosion Inhibitors

By compound, organic corrosion inhibitors segment is expected to hold the largest market share of 4.0%. In recent years, there has been significant development concerning bio-based corrosion inhibitors. These are low in cost, have low toxicity, and are readily available organic compounds, which are obtained from plant extracts such as aromatic herbs, spices, and medicinal plants.

Generally, bio-based corrosion inhibitors have aromatic structures with long aliphatic chains and free electron pairs. For instance, Delonix regia and rosemary leaves prevent the deterioration of aluminum metal, while natural honey inhibits corrosion of copper. The factors mentioned above are estimated to drive segment growth over the forecast period.

Water-based Corrosion Inhibitors offer Rust Protection

By type, water-based corrosion inhibitors are expected to grow at a CAGR of 4.2%. Water-based corrosion inhibitors are readily soluble in water and are usually sold in solid form. They form a protective layer on the metal surface by altering the physical characteristics of the surface to resist oxidation of the metallic surface, thereby offering rust protection.

Moreover, they are cost-effective, form transparent coating after drying, and can be easily applied by using spray, immersion, or brush before subsequent operations.

Region Wise Analysis For Corrosion Inhibitors Market

How Opportunistic will the Market for Corrosion Inhibitors be across Asia Pacific and the US?

Asia Pacific region leads the water treatment chemicals market in terms of value

Asia Pacific is the fastest-growing region for the corrosion inhibitor market. Factors such as high population, increasing industrial growth, and growing concern for the environment are driving the demand for water treatment chemicals in the region and are directly influencing the market of corrosion inhibitors.

The growing chemical and metalworking sectors in developing economies of the region, including India and China, are also projected to contribute significantly to the market in the near future.

China is expected to represent the highest CAGR of 3.5% in the Corrosion Inhibitors Market during the forecast period, to reach US$ 888.3 Million. On the other hand, Japan is expected to represent a CAGR of 2.6% in the corrosion inhibitors market during the forecast period to reach US$ 716.4 Million.

The rise in number of end-use industries in the North America region is also leading to innovations and developments in the field of corrosion inhibitor, thereby accelerating the growth of the corrosion inhibitors market. The U.S is expected to represent the highest CAGR of 3.9% in the Corrosion Inhibitors Market during the forecast period, to reach US$ 4.4 Billion.

Will Europe emerge as an Attractive Corrosion Inhibitors Market?

Corrosion Inhibitors Market in UK to Witness Better Growth Opportunities

Europe is one of the prominent consumers of corrosion inhibitors owing to the massive consumption of water for industrial sectors such as sugar and ethanol and petrochemical manufacturing.

Water treatment issues in Europe hold a vital role in having a direct impact on the corrosion control operations, coupled with maintaining the operational integrity of heat transfer equipment and reducing the adverse effect on the energy efficiency of process units.

U.K is expected to hold a significant position in the global Corrosion Inhibitors Market, experiencing a CAGR of 2.9% during the forecast period, to reach US$ 509.3 Million.

Who are the Key Competitors in the Corrosion Inhibitors Market?

Nouryon, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, Dow, DuPont de Nemours, Inc., and Baker Hughes, a GE company LLC, among others are the top companies in the global corrosion inhibitors market.

With a sizable corrosion inhibitors market share, these main firms are concentrating on growing their consumer base into new countries. These businesses are making use of strategic collaboration initiatives to grow their market share and profits.

Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations.

Recent Developments

In February 2021, LANXESS signed a binding agreement to acquire 100 percent shares in Emerald Kalama Chemical. The U.S-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm, American Securities LLC.
In August 2019, Nouryon planned to double capacity at its surfactants plant in Stenungsund, Sweden, to support the growth of several existing products as well as new sustainable technologies for markets, including oil and gas, lubricants, and fuels, and asphalt.. It will increase the production and innovation in corrosion inhibitors.
In October 2018, SUEZ announced the signature of 19 contracts in Ecuador, Colombia, Brazil, Mexico, and Costa Rica. These contracts are part of the Group’s development drive in Latin America and the Caribbean, which account for 7% of its global turnover and represent over 7000 employees in 10 countries. With these new contracts, SUEZ strengthened its presence in water services management in large cities and developed in new markets of waste management and industrial services.

By Key Players

Nouryon
Cortec Corporation
Ashland Chemicals
Ecolab
Henkel Ibérica, S.A.
The Lubrizol Company
BASF SE
Dow Chemical Company
DuPont de Nemours, Inc.
Baker Hughes, a GE company LLC

Key Segments Covered In The Corrosion Inhibitors Market Study

Corrosion Inhibitors Market by Compound:

Organic Corrosion Inhibitors
Inorganic Corrosion Inhibitors

Corrosion Inhibitors Market by Application:

Corrosion Inhibitors for Water Treatment
Corrosion Inhibitors for Process and Product Additives
Corrosion Inhibitors for Oil and Gas Production

Corrosion Inhibitors Market by Type:

Water-based Corrosion Inhibitors
Oil-based Corrosion Inhibitors
Volatile Corrosion Inhibitors

Corrosion Inhibitors Market by End-Use Industry:

Corrosion Inhibitors for Oil and Gas
Corrosion Inhibitors for Power Generation
Corrosion Inhibitors for Chemicals
Corrosion Inhibitors for Metals Processing
Corrosion Inhibitors for Pulp & Paper
Corrosion Inhibitors for Other Industries (Food and Beverage, Pharmaceuticals, Hydrometallurgy, Construction, Automotive, Aerospace)

Corrosion Inhibitors Market by Region:

North America Corrosion Inhibitors Market
Latin America Corrosion Inhibitors Market
Europe Corrosion Inhibitors Market
Asia Pacific Corrosion Inhibitors Market
Middle East and Africa Corrosion Inhibitors Market

Frequently Asked Questions

What was the market value for Corrosion Inhibitors in 2021?

As of 2021, the market for Corrosion Inhibitors was valued at US$ 7.9 Billion, as per FMI

At what value did the corrosion inhibitors market close in 2022?

By 2022-end, sales of corrosion inhibitors market closed at a value of US$ 8.3 Billion

What was the last 6 years value CAGR for the corrosion inhibitors market?

From 2015 to 2021, corrosion inhibitors demand expanded at a CAGR of 4.6%

What is the projected forecast CAGR for the corrosion inhibitors industry from 2022-2032?

From 2022 to 2032, corrosion inhibitors sales are expected to flourish at a CAGR of 4.1%

According to FMI, what is the anticipated market value for corrosion inhibitors in 2032?

By 2032, the market value of corrosion inhibitors is expected to reach US$ 12.4 Billion.

At what percentage will corrosion inhibitors demand accelerate across the US?

From 2022 to 2032, corrosion inhibitors demand in the US is expected to surge at a CAGR of 3.9%

By Compound, which category ranks first with regard to corrosion inhibitors market?

By Compound, the Organic corrosion inhibitors category constitutes the bulk of market share with a CAGR of 4.0%.

By Type, which category ranks first with regard to corrosion inhibitors?

By Type, the Water-based corrosion inhibitors category of corrosion inhibitors is expected to dominate the market with a CAGR of 4.2%.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Corrosion Inhibitors

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

4. Market Background

4.1. Market, by Key Countries

4.2. Market Opportunity Assessment (US$ Mn)

4.2.1. Total Available Market

4.2.2. Serviceable Addressable Market

4.2.3. Serviceable Obtainable Market

4.3. Market Scenario Forecast

4.3.1. Demand in optimistic Scenario

4.3.2. Demand in Likely Scenario

4.3.3. Demand in Conservative Scenario

4.4. Investment Feasibility Analysis

4.4.1. Investment in Established Markets

4.4.1.1. In Short Term

4.4.1.2. In Long Term

4.4.2. Investment in Emerging Markets

4.4.2.1. In Short Term

4.4.2.2. In Long Term

4.5. Forecast Factors - Relevance & Impact

4.5.1. Top Companies Historical Growth

4.5.2. Growth in Automation, By Country

4.5.3. Adoption Rate, By Country

4.6. Market Dynamics

4.6.1. Market Driving Factors and Impact Assessment

4.6.2. Prominent Market Challenges and Impact Assessment

4.6.3. Market Opportunities

4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

5.2. Banking on with Segments High Incremental Opportunity

5.3. Peer Benchmarking

6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032

6.1. Historical Market Analysis, 2015-2021

6.2. Current and Future Market Projections, 2022-2032

6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Compound

8.1. Introduction / Key Findings

8.2. Historical Market Size (US$ Mn) Analysis By Compound, 2015-2021

8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Compound, 2022-2032

8.3.1. Organic corrosion inhibitors

8.3.2. Inorganic corrosion inhibitors

8.4. Market Attractiveness Analysis By Compound

9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021

9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032

9.3.1. Water Treatment

9.3.2. Process and Product Additives

9.3.3. Oil & Gas Production

9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Type

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021

10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032

10.3.1. Water-based Corrosion Inhibitors

10.3.2. Oil-based Corrosion Inhibitors

10.3.3. Volatile Corrosion Inhibitors

10.4. Market Attractiveness Analysis By Type

11. Global Market Analysis 2015-2021 and Forecast 2022-2032, By End-use Industry

11.1. Introduction / Key Findings

11.2. Historical Market Size (US$ Mn) Analysis By End-use Industry, 2015-2021

11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-use Industry, 2022-2032

11.3.1. Oil & gas

11.3.2. Power generation

11.3.3. Chemicals

11.3.4. Metals processing

11.3.5. Pulp & paper

11.3.6. Others (food & beverage, pharmaceuticals, hydrometallurgy, construction, automotive, aerospace)

11.4. Market Attractiveness Analysis By End-use Industry

12. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region

12.1. Introduction

12.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021

12.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

12.3.1. North America

12.3.2. Latin America

12.3.3. Europe

12.3.4. Asia Pacific

12.3.5. Middle East and Africa (MEA)

12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2015-2021 and Forecast 2022-2032

13.1. Introduction

13.2. Pricing Analysis

13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

13.4.1. By Country

13.4.1.1. U.S.

13.4.1.2. Canada

13.4.1.3. Rest of North America

13.4.2. By Compound

13.4.3. By Application

13.4.4. By End-use Industry

13.4.5. By Type

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Compound

13.5.3. By Application

13.5.4. By End-use Industry

13.5.5. By Type

14. Latin America Market Analysis 2015-2021 and Forecast 2022-2032

14.1. Introduction

14.2. Pricing Analysis

14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

14.4.1. By Country

14.4.1.1. Brazil

14.4.1.2. Mexico

14.4.1.3. Rest of Latin America

14.4.2. By Compound

14.4.3. By Application

14.4.4. By End-use Industry

14.4.5. By Type

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Compound

14.5.3. By Application

14.5.4. By End-use Industry

14.5.5. By Type

15. Europe Market Analysis 2015-2021 and Forecast 2022-2032

15.1. Introduction

15.2. Pricing Analysis

15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

15.4.1. By Country

15.4.1.1. Germany

15.4.1.2. France

15.4.1.3. U.K.

15.4.1.4. Italy

15.4.1.5. Benelux

15.4.1.6. Nordic Countries

15.4.1.7. Rest of Europe

15.4.2. By Compound

15.4.3. By Application

15.4.4. By End-use Industry

15.4.5. By Type

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Compound

15.5.3. By Application

15.5.4. By End-use Industry

15.5.5. By Type

16. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032

16.1. Introduction

16.2. Pricing Analysis

16.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

16.4.1. By Country

16.4.1.1. China

16.4.1.2. Japan

16.4.1.3. South Korea

16.4.1.4. Rest of Asia Pacific

16.4.2. By Compound

16.4.3. By Application

16.4.4. By End-use Industry

16.4.5. By Type

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Compound

16.5.3. By Application

16.5.4. By End-use Industry

16.5.5. By Type

17. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032

17.1. Introduction

17.2. Pricing Analysis

17.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

17.4.1. By Country

17.4.1.1. GCC Countries

17.4.1.2. South Africa

17.4.1.3. Turkey

17.4.1.4. Rest of Middle East and Africa

17.4.2. By Compound

17.4.3. By Application

17.4.4. By End-use Industry

17.4.5. By Type

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Compound

17.5.3. By Application

17.5.4. By End-use Industry

17.5.5. By Type

18. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032

18.1. Introduction

18.1.1. Market Value Proportion Analysis, By Key Countries

18.1.2. Global Vs. Country Growth Comparison

18.2. US Market Analysis

18.2.1. Value Proportion Analysis by Market Taxonomy

18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.2.2.1. By Compound

18.2.2.2. By Application

18.2.2.3. By End-use Industry

18.2.2.4. By Type

18.3. Canada Market Analysis

18.3.1. Value Proportion Analysis by Market Taxonomy

18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.3.2.1. By Compound

18.3.2.2. By Application

18.3.2.3. By End-use Industry

18.3.2.4. By Type

18.4. Mexico Market Analysis

18.4.1. Value Proportion Analysis by Market Taxonomy

18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.4.2.1. By Compound

18.4.2.2. By Application

18.4.2.3. By End-use Industry

18.4.2.4. By Type

18.5. Brazil Market Analysis

18.5.1. Value Proportion Analysis by Market Taxonomy

18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.5.2.1. By Compound

18.5.2.2. By Application

18.5.2.3. By End-use Industry

18.5.2.4. By Type

18.6. Germany Market Analysis

18.6.1. Value Proportion Analysis by Market Taxonomy

18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.6.2.1. By Compound

18.6.2.2. By Application

18.6.2.3. By End-use Industry

18.6.2.4. By Type

18.7. France Market Analysis

18.7.1. Value Proportion Analysis by Market Taxonomy

18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.7.2.1. By Compound

18.7.2.2. By Application

18.7.2.3. By End-use Industry

18.7.2.4. By Type

18.8. Italy Market Analysis

18.8.1. Value Proportion Analysis by Market Taxonomy

18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.8.2.1. By Compound

18.8.2.2. By Application

18.8.2.3. By End-use Industry

18.8.2.4. By Type

18.9. BENELUX Market Analysis

18.9.1. Value Proportion Analysis by Market Taxonomy

18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.9.2.1. By Compound

18.9.2.2. By Application

18.9.2.3. By End-use Industry

18.9.2.4. By Type

18.10. UK Market Analysis

18.10.1. Value Proportion Analysis by Market Taxonomy

18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.10.2.1. By Compound

18.10.2.2. By Application

18.10.2.3. By End-use Industry

18.10.2.4. By Type

18.11. Nordic Countries Market Analysis

18.11.1. Value Proportion Analysis by Market Taxonomy

18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.11.2.1. By Compound

18.11.2.2. By Application

18.11.2.3. By End-use Industry

18.11.2.4. By Type

18.12. China Market Analysis

18.12.1. Value Proportion Analysis by Market Taxonomy

18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.12.2.1. By Compound

18.12.2.2. By Application

18.12.2.3. By End-use Industry

18.12.2.4. By Type

18.13. Japan Market Analysis

18.13.1. Value Proportion Analysis by Market Taxonomy

18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.13.2.1. By Compound

18.13.2.2. By Application

18.13.2.3. By End-use Industry

18.13.2.4. By Type

18.14. South Korea Market Analysis

18.14.1. Value Proportion Analysis by Market Taxonomy

18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.14.2.1. By Compound

18.14.2.2. By Application

18.14.2.3. By End-use Industry

18.14.2.4. By Type

18.15. GCC Countries Market Analysis

18.15.1. Value Proportion Analysis by Market Taxonomy

18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.15.2.1. By Compound

18.15.2.2. By Application

18.15.2.3. By End-use Industry

18.15.2.4. By Type

18.16. South Africa Market Analysis

18.16.1. Value Proportion Analysis by Market Taxonomy

18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.16.2.1. By Compound

18.16.2.2. By Application

18.16.2.3. By End-use Industry

18.16.2.4. By Type

18.17. Turkey Market Analysis

18.17.1. Value Proportion Analysis by Market Taxonomy

18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032

18.17.2.1. By Compound

18.17.2.2. By Application

18.17.2.3. By End-use Industry

18.17.2.4. By Type

18.17.3. Competition Landscape and Player Concentration in the Country

19. Market Structure Analysis

19.1. Market Analysis by Tier of Companies

19.2. Market Concentration

19.3. Market Share Analysis of Top Players

19.4. Market Presence Analysis

19.4.1. By Regional footprint of Players

19.4.2. Product footprint by Players

20. Competition Analysis

20.1. Competition Dashboard

20.2. Competition Benchmarking

20.3. Competition Deep Dive

20.3.1. SOLENIS LLC

20.3.1.1. Overview

20.3.1.2. Product Portfolio

20.3.1.3. Sales Footprint

20.3.1.4. Strategy Overview

20.3.2. BAKER HUGHES INCORPORATED

20.3.2.1. Overview

20.3.2.2. Product Portfolio

20.3.2.3. Sales Footprint

20.3.2.4. Strategy Overview

20.3.3. Ecolab

20.3.3.1. Overview

20.3.3.2. Product Portfolio

20.3.3.3. Sales Footprint

20.3.3.4. Strategy Overview

20.3.4. BASF SE

20.3.4.1. Overview

20.3.4.2. Product Portfolio

20.3.4.3. Sales Footprint

20.3.4.4. Strategy Overview

20.3.5. SUEZ

20.3.5.1. Overview

20.3.5.2. Product Portfolio

20.3.5.3. Sales Footprint

20.3.5.4. Strategy Overview

20.3.6. Dow Inc.

20.3.6.1. Overview

20.3.6.2. Product Portfolio

20.3.6.3. Sales Footprint

20.3.6.4. Strategy Overview

20.3.7. LUBRIZOL

20.3.7.1. Overview

20.3.7.2. Product Portfolio

20.3.7.3. Sales Footprint

20.3.7.4. Strategy Overview

20.3.8. LANXESS

20.3.8.1. Overview

20.3.8.2. Product Portfolio

20.3.8.3. Sales Footprint

20.3.8.4. Strategy Overview

20.3.9. HENKEL

20.3.9.1. Overview

20.3.9.2. Product Portfolio

20.3.9.3. Sales Footprint

20.3.9.4. Strategy Overview

20.3.10. ASHLAND

20.3.10.1. Overview

20.3.10.2. Product Portfolio

20.3.10.3. Sales Footprint

20.3.10.4. Strategy Overview

20.3.11. CHAMPIONX

20.3.11.1. Overview

20.3.11.2. Product Portfolio

20.3.11.3. Sales Footprint

20.3.11.4. Strategy Overview

20.3.12. CLARIANT

20.3.12.1. Overview

20.3.12.2. Product Portfolio

20.3.12.3. Sales Footprint

20.3.12.4. Strategy Overview

20.3.13. EASTMAN CHEMICAL COMPANY

20.3.13.1. Overview

20.3.13.2. Product Portfolio

20.3.13.3. Sales Footprint

20.3.13.4. Strategy Overview

20.3.14. KURITA WATER INDUSTRIES

20.3.14.1. Overview

20.3.14.2. Product Portfolio

20.3.14.3. Sales Footprint

20.3.14.4. Strategy Overview

20.3.15. ARKEMA

20.3.15.1. Overview

20.3.15.2. Product Portfolio

20.3.15.3. Sales Footprint

20.3.15.4. Strategy Overview

21. Assumptions and Acronyms Used

22. Research Methodology

List of Tables

Table 01: Global Market Value (US$ Mn),By Compound, 2015 – 2021

Table 02: Global Market Value (US$ Mn),By Compound, 2022 – 2032

Table 03: Global Market Value (US$ Mn), By Application, 2015 – 2021

Table 04: Global Market Value (US$ Mn), By Application, 2022 – 2032

Table 05: Global Market Value (US$ Mn), By Type, 2015 – 2021

Table 06: Global Market Value (US$ Mn), By Type, 2022 – 2032

Table 07: Global Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 08: Global Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 09: Global Market, By Region, 2015 – 2021

Table 10: Global Market, By Region, 2022 – 2032

Table 11: North America Market Value (US$ Mn),By Compound, 2015 – 2021

Table 12: North America Market Value (US$ Mn),By Compound, 2022 – 2032

Table 13: North America Market Value (US$ Mn), By Application, 2015 – 2021

Table 14: North America Market Value (US$ Mn), By Application, 2022 – 2032

Table 15: North America Market Value (US$ Mn), By Type, 2015 – 2021

Table 16: North America Market Value (US$ Mn), By Type, 2022 – 2032

Table 17: North America Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 18: North America Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 19: North America Market, By Country, 2015 – 2021

Table 20: North America Market, By Country, 2022 – 2032

Table 21: Latin America Market Value (US$ Mn),By Compound, 2015 – 2021

Table 22: Latin America Market Value (US$ Mn),By Compound, 2022 – 2032

Table 23: Latin America Market Value (US$ Mn), By Application, 2015 – 2021

Table 24: Latin America Market Value (US$ Mn), By Application, 2022 – 2032

Table 25: Latin America Market Value (US$ Mn), By Type, 2015 – 2021

Table 26: Latin America Market Value (US$ Mn), By Type, 2022 – 2032

Table 27: Latin America Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 28: Latin America Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 29: Latin America Market, By Country, 2015 – 2021

Table 30: Latin America Market, By Country, 2022 – 2032

Table 31: Europe Market Value (US$ Mn),By Compound, 2015 – 2021

Table 32: Europe Market Value (US$ Mn),By Compound, 2022 – 2032

Table 33: Europe Market Value (US$ Mn), By Application, 2015 – 2021

Table 34: Europe Market Value (US$ Mn), By Application, 2022 – 2032

Table 35: Europe Market Value (US$ Mn), By Type, 2015 – 2021

Table 36: Europe Market Value (US$ Mn), By Type, 2022 – 2032

Table 37: Europe Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 38: Europe Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 39: Europe Market, By Country, 2015 – 2021

Table 40: Europe Market, By Country, 2022 – 2032

Table 41: Asia Pacific Market Value (US$ Mn),By Compound, 2015 – 2021

Table 42: Asia Pacific Market Value (US$ Mn),By Compound, 2022 – 2032

Table 43: Asia Pacific Market Value (US$ Mn), By Application, 2015 – 2021

Table 44: Asia Pacific Market Value (US$ Mn), By Application, 2022 – 2032

Table 45: Asia Pacific Market Value (US$ Mn), By Type, 2015 – 2021

Table 46: Asia Pacific Market Value (US$ Mn), By Type, 2022 – 2032

Table 47: Asia Pacific Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 48: Asia Pacific Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 49: Asia Pacific Market, By Country, 2015 – 2021

Table 50: Asia Pacific Market, By Country, 2022 – 2032

Table 51: MEA Market Value (US$ Mn),By Compound, 2015 – 2021

Table 52: MEA Market Value (US$ Mn),By Compound, 2022 – 2032

Table 53: MEA Market Value (US$ Mn), By Application, 2015 – 2021

Table 54: MEA Market Value (US$ Mn), By Application, 2022 – 2032

Table 55: MEA Market Value (US$ Mn), By Type, 2015 – 2021

Table 56: MEA Market Value (US$ Mn), By Type, 2022 – 2032

Table 57: MEA Market Value (US$ Mn), By End-use Industry, 2015 – 2021

Table 58: MEA Market Value (US$ Mn), By End-use Industry, 2022 – 2032

Table 59: MEA Market, By Country, 2015 – 2021

Table 60: MEA Market, By Country, 2022 – 2032

List of Charts

Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 02: Global Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 03: Global Market Share, By Compound, 2022 & 2032

Figure 04: Global Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 05: Global Market Attractiveness Index, By Compound – 2022-2032

Figure 06: Global Market Share, By Application, 2022 & 2032

Figure 07: Global Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 08: Global Market Attractiveness Index, By Application – 2022-2032

Figure 09: Global Market Share, By End-use Industry, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 11: Global Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 12: Global Market Share, By Type, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 14: Global Market Attractiveness Index, By Type – 2022-2032

Figure 15: Global Market Share, By Region, 2022 & 2032

Figure 16: Global Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 17: Global Market Attractiveness Index, By Region – 2022-2032

Figure 18: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 19: North America Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 20: North America Market Share, By Compound, 2022 & 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 22: North America Market Attractiveness Index, By Compound – 2022-2032

Figure 23: North America Market Share, By Application, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 25: North America Market Attractiveness Index, By Application – 2022-2032

Figure 26: North America Market Share, By End-use Industry, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 28: North America Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 29: North America Market Share, By Type, 2022 & 2032

Figure 30: North America Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 31: North America Market Attractiveness Index, By Type – 2022-2032

Figure 32: North America Market Share, By Country, 2022 & 2032

Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 34: North America Market Attractiveness Index, By Country – 2022-2032

Figure 35: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 37: Latin America Market Share, By Compound, 2022 & 2032

Figure 38: Latin America Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 39: Latin America Market Attractiveness Index, By Compound – 2022-2032

Figure 40: Latin America Market Share, By Application, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 42: Latin America Market Attractiveness Index, By Application – 2022-2032

Figure 43: Latin America Market Share, By End-use Industry, 2022 & 2032

Figure 44: Latin America Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 45: Latin America Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 46: Latin America Market Share, By Type, 2022 & 2032

Figure 47: Latin America Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 48: Latin America Market Attractiveness Index, By Type – 2022-2032

Figure 49: Latin America Market Share, By Country, 2022 & 2032

Figure 50: Latin America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 51: Latin America Market Attractiveness Index, By Country – 2022-2032

Figure 52: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 53: Europe Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 54: Europe Market Share, By Compound, 2022 & 2032

Figure 55: Europe Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 56: Europe Market Attractiveness Index, By Compound – 2022-2032

Figure 57: Europe Market Share, By Application, 2022 & 2032

Figure 58: Europe Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 59: Europe Market Attractiveness Index, By Application – 2022-2032

Figure 60: Europe Market Share, By End-use Industry, 2022 & 2032

Figure 61: Europe Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 62: Europe Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 63: Europe Market Share, By Type, 2022 & 2032

Figure 64: Europe Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 65: Europe Market Attractiveness Index, By Type – 2022-2032

Figure 66: Europe Market Share, By Country, 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 68: Europe Market Attractiveness Index, By Country – 2022-2032

Figure 69: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 70: MEA Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 71: MEA Market Share, By Compound, 2022 & 2032

Figure 72: MEA Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 73: MEA Market Attractiveness Index, By Compound – 2022-2032

Figure 74: MEA Market Share, By Application, 2022 & 2032

Figure 75: MEA Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 76: MEA Market Attractiveness Index, By Application – 2022-2032

Figure 77: MEA Market Share, By End-use Industry, 2022 & 2032

Figure 78: MEA Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 79: MEA Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 80: MEA Market Share, By Type, 2022 & 2032

Figure 81: MEA Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 82: MEA Market Attractiveness Index, By Type – 2022-2032

Figure 83: MEA Market Share, By Country, 2022 & 2032

Figure 84: MEA Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 85: MEA Market Attractiveness Index, By Country – 2022-2032

Figure 86: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 88: Asia Pacific Market Share, By Compound, 2022 & 2032

Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Compound – 2022-2032

Figure 90: Asia Pacific Market Attractiveness Index, By Compound – 2022-2032

Figure 91: Asia Pacific Market Share, By Application, 2022 & 2032

Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 93: Asia Pacific Market Attractiveness Index, By Application – 2022-2032

Figure 94: Asia Pacific Market Share, By End-use Industry, 2022 & 2032

Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By End-use Industry – 2022-2032

Figure 96: Asia Pacific Market Attractiveness Index, By End-use Industry – 2022-2032

Figure 97: Asia Pacific Market Share, By Type, 2022 & 2032

Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Type – 2022-2032

Figure 99: Asia Pacific Market Attractiveness Index, By Type – 2022-2032

Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 102: Asia Pacific Market Attractiveness Index, By Country – 2022-2032

June 2022

REP-GB-14875

300 pages

Chemicals & Materials

Nikhil Kaitwade

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Corrosion Inhibitors Market

Corrosion Inhibitors Market by Compound, Application, Type, End-Use Industry & Region - Forecast 2022 – 2032

Corrosion Inhibitors Market Outlook (2022-2032)

Prominent Corrosion Inhibitors Market Drivers

Key Challenges And Restraints Affecting The Corrosion Inhibitors Market Growth

Key Trends For Corrosion Inhibitors Market

Comparative Analysis Of The Adjacent Corrosion Inhibitors Market

Category Wise Analysis For Corrosion Inhibitors Market

Region Wise Analysis For Corrosion Inhibitors Market

How Opportunistic will the Market for Corrosion Inhibitors be across Asia Pacific and the US?

Will Europe emerge as an Attractive Corrosion Inhibitors Market?

Who are the Key Competitors in the Corrosion Inhibitors Market?

Recent Developments

By Key Players

Key Segments Covered In The Corrosion Inhibitors Market Study

Corrosion Inhibitors Market by Compound:

Corrosion Inhibitors Market by Application:

Corrosion Inhibitors Market by Type:

Corrosion Inhibitors Market by End-Use Industry:

Corrosion Inhibitors Market by Region:

Frequently Asked Questions

What was the market value for Corrosion Inhibitors in 2021?

At what value did the corrosion inhibitors market close in 2022?

What was the last 6 years value CAGR for the corrosion inhibitors market?

What is the projected forecast CAGR for the corrosion inhibitors industry from 2022-2032?

According to FMI, what is the anticipated market value for corrosion inhibitors in 2032?

At what percentage will corrosion inhibitors demand accelerate across the US?

By Compound, which category ranks first with regard to corrosion inhibitors market?

By Type, which category ranks first with regard to corrosion inhibitors?

Table of Content

List of Tables

List of Charts

Low dosage Hydrate Inhibitors Market

Corrosion Inhibitors Market