Corrosion Inhibitor Market 2019 Analysis With Top Companies Profiles like APS, Akzo Nobel N.V., Air Products and Chemicals, Inc, Champion Technology Services, Inc., ICL, SUEZ, Daubert Cromwell, Inc., Dai-ichi India Pvt Ltd, Cytec Solvay Group, ChemTreat
Corrosion Inhibitor market research report is framed by using integrated advancements and latest technology to give the most excellent results. A method of standard market research analysis is put forth while elaborating the studies and estimations that are involved in this market report. Such plentiful information accompanied with deep market insights supports the decision of increasing or decreasing the production of goods depending on the general conditions of market and demand. The Corrosion Inhibitor report has a lot to offer to both established and new players in the industry with which they can completely understand the market.
The Global Corrosion Inhibitor Market is expected to reach USD 10.1 billion by 2025, from USD 7.2 billion in 2017 growing at a CAGR of 6.8 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Report Segmentation :-
Global Corrosion Inhibitor Market, By Product Type (Organic, Inorganic), By Application (Water based, Oil/solvent based), By End-User (Power Generation, Oil & Gas Refinery, Pulp & Paper, Metal & Mining, Chemical Processing, & Desalination Plant), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa– Industry Trends and Forecast to 2025
Major Market Competitors/Players:
Some of the major players operating in the global corrosion inhibitor market are APS, Akzo Nobel N.V., Air Products and Chemicals, Inc., Champion Technology Services, Inc., ICL, SUEZ, Daubert Cromwell, Inc., Dai-ichi India Pvt Ltd, Cytec Solvay Group, ChemTreat, Aegion Corporation, Kurita Water Industries Ltd, Kemira, The Lubrizol Corporation, Milacron NOF METAL COATINGS GROUP, Eco Friendly Product, NALCO India. , QED Chemicals Ltd, Eastman Chemical Company, SHAWCOR H, Ashland. Corrosion Technologies, LLC, W. R. Grace & Co.-Conn, BASF SE, The Dow Chemical Company and others.
The global corrosion inhibitor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of corrosion inhibitor market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers:
- Demand for water treatment processes
- Growing preference for non – toxic corrosion inhibitors
- Increasing exploration of matured reserves
- Rising raw material costs
- Increasing environmental concerns
A corrosion inhibitor is defined as a chemical compound which reduces its corrosion rate by applying metal and adding liquid or gas in material. Types of corrosion inhibitor are o anodic inhibitor; cathodic inhibitors mixed inhibitors, volatile Corrosion Inhibitors. Its efficiency depends on flow regime, quantity of water, and fluid composition. It is used in different verticals such as power generation, oil & gas refinery, pulp & paper, metal & mining, chemical processing, & desalination plant. Corrosion inhibitor controls corrosion by making the environment metal less corrosive and by protecting the metal surface directly. HALOX launched the most extensive line of corrosion inhibiting products ranging from organic and Inorganic Corrosion inhibitors to flash rust, hybrid and specialty corrosion inhibitors.
Hindawi launched new eco-friendly corrosion inhibitors for metals and alloys which deal with plant extracts, drugs, natural polymers, lanthanide compounds, and many more .This market research and analysis identifies exploration of matured reserves along with growing production of shale gas from unconventional reserves.
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The global corrosion inhibitor market is segmented based on product type, application, end user and geographical segments.
Based on product type:- Organic, Inorganic
Based on application:- Water based, Oil/solvent based and others.
On the basis of end-user:- Power generation, oil & gas refinery, pulp & paper, metal & mining, chemical processing, & desalination plant and others
Based on geography:- North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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