Market Size

The global corrosion inhibitors market size is valued at USD 7.9 billion in 2021 and is estimated to reach a value of USD xx billion in 2027. The corrosion inhibitors market analysis shows that it will grow with a CAGR of 4.9% over the forecast period of 2021 to 2027.

Market Driver

The market for corrosion inhibitors is being driven by rising demand from different end-use categories, as well as strict regulatory and sustainability demands addressing the environment. Corrosion costs paid by end-use industries are a major element driving demand for corrosion inhibitors. The cost of corrosion-related maintenance, repair, and rehabilitation, as well as the cost of depreciation or replacement of buildings harmed by corrosion, are all included in the total cost of corrosion. These prices differ depending on the industry. The cost of corrosion-resistant materials and corrosion-related technical processes should decrease with their wide use. Metal corrosion is suppressed or mitigated by corrosion inhibitors. They protect metals or alloys by serving as a barrier by producing an absorbent layer or by delaying corrosion-causing cathodic and anodic processes. Corrosion inhibitors minimize maintenance and repair costs, increase the usable life of equipment, and minimize output loss due to corrosion damage in various sectors. This lowers the cost of corrosion and stimulates the market for corrosion inhibitors. The market for corrosion inhibitors is driven by the expansion of the power, oil and gas, mining, and chemical sectors, particularly in growing economies such as China, India, Indonesia, Brazil, Malaysia, Chile, Vietnam and Argentina. During the forecast period, the exploration and development of new oil fields, such as the pre-salt oil fields in Brazil, the construction of new and high-capacity power plants in China and India using fossil fuels, nuclear, or solar power as fuel, and the growing mining industry as a result of increased demand from the construction sector are expected to drive the corrosion inhibitor market.

Segment Outlook

Based on product type, the market is segmented into Water-Based, Oil Based and VCI, and Others. The water-based segment is estimated to be the largest segment over the forecast period.  Based on end-use, the market is segmented into Power Generation, Oil & Gas, Metal & Mining, Pulp & Paper, Utilities, Chemical and Others. The oil & gas and refinery application segment is estimated to be the largest segment over the forecast period.  Based on the compound, the market is segmented into Organic, Inorganic.

Regional Outlook

The Corrosion Inhibitors market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for Corrosion Inhibitors by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for Corrosion Inhibitors segmentation for the corrosion inhibitors is by region and then by country and segment. It has been estimated that Asia Pacific accounted for largest market share in global Corrosion Inhibitors market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting the Corrosion Inhibitors market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are Nouryon (Amsterdam), Henkel (Germany), The Lubrizol (US), BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US), and Suez S.A. (France). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Corrosion Inhibitors market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end-users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For the single, team, and corporate user licenses, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an inquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Corrosion Inhibitors Market Size and Outlook by Type

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

Corrosion Inhibitors Market Size and Outlook by Application

• Water Treatment
• Process and Product Additives
• Oil & Gas Production

Corrosion Inhibitors Market Size and Outlook by Compound

• Organic corrosion inhibitors
• Inorganic corrosion inhibitors

Corrosion Inhibitors Market Size and Outlook by End Use Industry

• Oil & gas
• Power generation
• Chemicals
• Metal processing
• Pulp & paper
• Others

Corrosion Inhibitors Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• Nouryon
• Henkel
• The Lubrizol
• BASF SE
• Ecolab Inc.
• Solenis LLC
• Baker Hughes
• Lonza
• The Dow Chemical Company
• Suez S.A.

Actionable Outcomes

Our Corrosion Inhibitors Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Corrosion Inhibitors market size
• Corrosion Inhibitors market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis, and its penetration to the global market
• Corrosion Inhibitors market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Corrosion Inhibitors market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Corrosion Inhibitors market share
• Measures to consider for Corrosion Inhibitors market