1. Market Research
  2. > Chemical Market Trends
Corrosion Inhibitors: Global Markets

Corrosion Inhibitors: Global Markets

  • January 2017
  • 158 pages
  • ID: 4579503
  • Format: PDF
  • By BCC Research

Summary

Table of Contents


Use this report to:
- Analyze various types of corrosion inhibitors and understand the opportunities and highlights of the market
- Identify different segments with high growth potential and to understand future application sectors within these segments.
- Focus on identifying key end users and industries that will affect major market trends
- Discuss the major stakeholders in each of the regional markets and explain the global drivers, current trends, challenges and regional dynamics of corrosion inhibitors market.


Highlights
- The global market for corrosion inhibitors is expected to reach $8.7 billion by 2021 from $6.9 billion in 2016, rising at a compound annual growth rate (CAGR) of 4.6% from 2016 through 2021.
- The water-based corrosion inhibitors market is the largest market. The market is expected to grow from $4.8 billion in 2016 to $6.0 billion in 2021 at a CAGR of 4.3% for the period 2016-2021.
- The oil-based corrosion inhibitors market is expected to grow from $1.1 billion in 2016 to $1.4 billion in 2021 at a CAGR of 5.4% for the period 2016-2021.


STUDY GOALS AND OBJECTIVES
The objective of the report is to identify the key trends in the global markets for corrosion inhibitors. The report quantifies the worldwide growth potential of corrosion inhibitors over the five-year period from 2016 through 2021. The study focuses on identifying key end users and industries that will affect the major market trends.

Industries such as petroleum refining, power generation, mining, pulp and paper, water treatment and others are heavily dependent on the use of corrosion inhibitors to protect their products and machinery from being damaged. Corrosion causes losses exceeding hundreds of billions of dollars worldwide. These losses are expected to increase the use of corrosion inhibitors while driving the significant growth of the market over the forecast period of 2016 through 2021.


REASONS FOR DOING THE STUDY
Corrosion is a naturally occurring phenomenon that destroys metal. It is an ongoing problem that affects many industries. The economic cost of corrosion is very high; according to World Corrosion Organization, the cost of corrosion is $2.2 trillion across the globe which is around 3% of global GDP. The industries most affected by problems with corrosion are oil and gas, metals, water treatment and manufacturing. One of the major methods used to prevent corrosion is the use of corrosion inhibitors. The impact of corrosion has created tremendous demand for corrosion inhibitors across the globe.

There is increased demand for the development of nontoxic corrosion inhibitors. Governments and environmental activists have concerns regarding the toxicity of corrosion inhibitors and their harmful effects on the environment and the health of populations worldwide. Arsenic-based corrosion inhibitors have been banned in many parts of the world due to its toxic nature or either have some heavy regulations imposed due to which manufactures are looking for other alternatives such as green corrosion inhibitors to be used in consumer products. Industry research is focused on developing corrosion inhibitors that are more environmentally friendly.

The report intends to explain the key trends in the industry. It discusses the industries that are using the products and studies the motivating and restraining factors. The report will be a key decision-making tool for the intended audience.


INTENDED AUDIENCE
Industries such as petroleum, cement and concrete, pulp and paper, metals, water treatment, power generation, chemical processing, mining, transportation and manufacturing, such as electronics and textiles, are covered in the report. There is also considerable demand for corrosion inhibitors in other industries such as aircraft, automobile, highway bridges, hydroelectric power, nuclear and processing. Because problems with corrosion are increasing across the globe, the demand for corrosion inhibitors has significantly increased over the years. Companies within the market for corrosion inhibitors are focused on developing improved methods to curb the menace of corrosion.

The report will be useful to all the industries listed above as well as those companies that want to enter the market. As the report also covers various geographic regions in detail, companies interested in expanding their geographic reach will also find the report useful.


SCOPE OF REPORT
Corrosion inhibitors are chemical compounds that prevent or decrease the rate of corrosion of the exposed surface of metals or alloys. Corrosion inhibitors are available in solid, liquid, powder and gaseous forms. In this report, the market is segmented based on product type (water based, oil based and solvent based), end-user industry, chemical type (inorganic and organic), protection method (active and passive) and geographic region. The raw materials and key technologies used in corrosion inhibitors are also covered at length.

There is tremendous demand for corrosion inhibitors from industries such as oil and gas, concrete, refinery, water treatment process, power generation and metal. The equipment used in these industries is prone to corrosion and as a result the companies that own the equipment suffer tremendous production losses every year.

Additionally, shale gas exploration, the development of power generation plants, growth in construction and water treatment processes will provide significant opportunities within the market for corrosion inhibitors. Many industrial machines, equipment, pipelines and parts used in power generation require the application of corrosion inhibitors on a regular basis to avoid deterioration and rusting, which is a very common occurrence in these sectors. The major types of products included in the report are water, oil and solvent based.

All of the major markets were further segmented by geographic region. The major geographic regions covered in the report are North America, Europe, Asia-Pacific and the rest of the world (RoW). A country-specific breakdown of the market for corrosion inhibitors is also included in the report. Values were estimated based on the amount of corrosion inhibitors consumed by various end-user markets and revenues generated from the sale of corrosion inhibitors. The study covers the global market for corrosion inhibitors and is not limited to the countries included in this report. The selection of the countries to be included in this report was mainly based on the total revenue generated. Major countries included in the report are the U.S., Canada, Germany, the U.K., Spain, Italy, France, China, Japan and India.

The competitive landscape of the global market for corrosion inhibitors is discussed and includes profiles of the major companies and their product portfolios and recent developments.


METHODOLOGY AND INFORMATION SOURCES
The information and analysis presented in the report are based on extensive first-hand interviews with primary research sources, including executives, product managers, and specialists in the market for corrosion inhibitors. Secondary information was obtained from government agencies, business and trade magazines, official websites of key manufacturers and key end users. Some of these sources include oil and gas companies, power generation, mining, water treatment, metal industries and so forth.

Annual revenues of major corrosion inhibitor companies, their annual reports and forward looking statements as well as industry end users were analyzed to derive the size of the market. Similarly, data were obtained for key applications, end-user markets, recent activities, the production of different types of corrosion inhibitors and so forth. Recent activities were tracked for the major companies involved in the corrosion inhibitor market in order to understand the market trends. The forecast market size was based on these trends. The estimation of the market was calculated using the base year 2015, with historical data provided for 2015 and forecast data provided for 2021. Market estimations and market shares are provided for each market segment for 2015 as the base year.

Estimated values used are based on manufacturers’ total revenues and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Unit volumes of corrosion inhibitors as well as revenue generated from the sale of corrosion inhibitors were tracked in order to estimate the market. A large number of manufacturers as well as end users are profiled in the report to better understand of the market.


INFORMATION SOURCES
Key information was derived from various sources, which include government organizations such as government agencies in the U.S., China, India, the U.K. and Canada. International organizations were used as sources to gain raw data for the final estimations. Such organizations include the American Chemistry Council, International Organization for Chemical Science in Development, American Chemical Society, The Royal Society of Chemistry, International Council for Chemical Association, NACE International, Mining Association of Canada, Bureau of Indian Standards and the World Bank. Secondary data were also collected from official websites of manufacturers and distributors of corrosion inhibitors. Data were also collected from key end users in the markets, which include oil and gas, power generation, mining, water treatment, metals and so forth.

The information collected was utilized to derive the forecasted numbers. The data were further validated by industry participants via phone, email and Skype interviews.


ANALYST'S CREDENTIALS
Mohammed Javed has a Master’s Degree in Marketing Management and more than four years of experience performing market research and consulting for industries such as chemical, biotechnology, medical devices, healthcare IT, energy, food and beverages, cloud and big data and advanced materials.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($2750)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Concrete Superplasticizers Market by Type, Application And Region - Global Forecast to 2024

Concrete Superplasticizers Market by Type, Application And Region - Global Forecast to 2024

  • $ 4950
  • December 2019

The concrete superplasticizers market is projected to register a CAGR of 7.4%, by value, between 2019 and 2024.The global high concrete superplasticizers market size is estimated to be USD 5.1 billion ...

Concrete Admixtures Market by Product Type, End-Use Sectors, Region - Global Forecast to 2024

Concrete Admixtures Market by Product Type, End-Use Sectors, Region - Global Forecast to 2024

  • $ 4950
  • December 2019

The global concrete admixtures market size is projected to grow at a CAGR of 9.3% between 2019 and 2024, in terms of value.The global concrete admixtures market size is projected to grow from USD 15.4 ...

Plasticizers Market

Plasticizers Market

  • $ 4900
  • December 2019

Plasticizers Market Research Report: By Product (Phthalates, Non-Phthalates), End Use (Wires & Cables, Flooring, Roofing & Cladding, Films & Sheets, Automotive Parts, Medical Equipment, Toys & Child Care ...


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on