New York, NY -- (SBWire) -- 03/12/2021 --The global Corrosion Inhibitor Market is expected to reach USD 9.6 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing need to effectively reduce the corrosion rate of a metal exposed to any environment.
The industry has benefitted from the growth of construction sectors across the world. The product is mainly used in coating applications on construction materials including nuts, bolts, steel bars steel, and metal parts for protection against corrosion. It helps in the improvement of construction material durability increasing the overall life of the structure. Moreover, the overall construction spending was accounted approximately USD 8.2 trillion in 2016; and is expected to cross USD 16.3 trillion by 2026.
The emerging and present key participants in the Corrosion Inhibitor market are:
Air Products and Chemicals Inc., Akzo Nobel NV , Ashland Inc., Anticorrosion Protective Systems LLC, BASF SE, Champion Technologies Inc., Chemtreat Inc., Cytec Industries Inc., Cortec Corporation, Daubert Cromwell LLC, DOW Chemical, Halox Inc., Henkel AG & Co., and Kurita Water Industries Ltd, among others.
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For the purpose of this report, Reports and Data have segmented into the global Corrosion Inhibitor market on the basis of technology, application, end-user, and region:
Corrosive agent type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Oxygen
Hydrogen Sulfi
Corrosion type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Uniform or general corrosion
Atmospheric corrosion
High-temperature corrosion
Liquid-metal corrosion
Molten-salt corrosion
Biological corrosion
Stray-current corrosion
Galvanic corrosion
Localized corrosion
Crevice corrosion
Filiform corrosion
Pitting corrosion
Intergranular corrosion
Stress corrosion cracking (SCC)
Erosion corrosion
Inhibitor type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Passivating Inhibitors
Volatile Inhibitors
Cathodic Inhibitors
Anodic Inhibitors
Mixed Inhibitors
Synergistic Inhibitors
Precipitation Inhibitors
Green Corrosion Inhibitors
Adsorption Action Inhibitors
Chemisorption
Physical Adsorption
Types Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Water-Based
Oil-Based/Solvent
Product type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Organic
Benzotriazole
Tolyltriazole
Mercaptobenzothiazole
Amines
Phosphonates
Inorganic
Nitrites & nitrates
Chromates, DI chromates & borates
Molybdates
Zinc sulfate & other salts
Silicates
Polyphosphates
Applications Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Power Generation
Oil & Gas Refinery
Pulp & Paper
Metal & Mining
Chemical Processing
Desalination Plant
Others
Regional Outlook (Revenue in USD Million; 2016–2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
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Further key findings from the report suggest
The green corrosion inhabitants are expected to witness the highest growth, with a CAGR of 7.0%, by 2026, due to the innovation majorly focuses on the use of eco-friendly and sustainable compounds such as plant extracts, containing many organic compounds.
The market size for water based inhibitors dominates the globally in 2018, and is expected to have a higher growth, with a CAGR of 4.7%, due to the increasing need for water treatment chemicals due to its lower volatile organic content (VOC) emissions.
The market size for organic inhibitors dominates globally in 2018, is expected to have a higher growth, with a CAGR of 4.5% during the forecast period, mainly due to its superior characteristics including stability, and wide usage in manufacturing applications.
Power generation dominates the sector in 2018, growing at a CAGR of 4.3%. Growing government investments for power generation projects to satisfy growing energy needs is expected to drive the demand…Continued
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 - 2026
Chapter 3. Corrosion Inhibitor Market Segmentation & Impact Analysis
3.1. Corrosion Inhibitor Market Segmentation Analysis
3.2. Corrosion Inhibitor Market Value Chain Analysis, 2018-2026
3.3. Corrosion Inhibitor Market Impact Analysis
3.3.1. Market driver analysis
3.3.1.1. Increasing use of mobile devices and technologies
3.3.1.2. Digitalized transformation of testing
3.3.1.3. Rise of DevOps methodology in automation
Chapter 4. Corrosion Inhibitor Market by Testing type (Insights & Trends)
4.1. Corrosion Inhibitor Market share by testing type, 2019 & 2026
4.2. Functional Testing
4.3. Non-Functional Testing
Continued…
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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Corrosion Inhibitor Market to Estimate USD 9.6 Billion to 2027 by Top Players Air Products and Chemicals Inc., Akzo Nobel NV , Ashland Inc.
The green corrosion inhabitants are expected to witness the highest growth, with a CAGR of 7.0%, by 2026