The global corrosion inhibitors market size is expected to reach USD 1.85 Billion in 2032 and register a steady revenue CAGR of 6.3% over the forecast period, according to the latest analysis by Emergen Research. Stringent regulations on the use of corrosion inhibitors in various industries is a key factor driving market revenue growth. The implementation of these regulations aims to protect both human health and the environment while ensuring safety of products and systems that utilize corrosion inhibitors. The water treatment industry faces strict regulations, leading to rising demand for corrosion inhibitors due to potential impact of corrosion on the quality of drinking water. For instance, on 15 January 2021, Environmental and Protection agency (EPA) released the ’National Primary Drinking Water Regulation: Lead and Copper Rule Revisions’ in the Federal Register. All community and non-transient non-community public water systems must adhere to the LCRR by October 16, 2024. Meeting this compliance deadline ensures that water systems will make ongoing advancements in identifying lead service lines, a crucial step in reducing lead. In addition, rising demand for corrosion inhibitors to address copper and lead corrosion is another key factor driving revenue growth of the market.
The Global Corrosion Inhibitors Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Corrosion Inhibitors market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Corrosion Inhibitors industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Corrosion Inhibitors market.
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The leading market contenders listed in the report are:
Nouryon, Dow, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, DuPont de Nemours, Inc., and Baker Hughes, a GE company LLC
Key reasons to buy the Global Corrosion Inhibitors Market report:
- The latest report comprehensively studies the global Corrosion Inhibitors market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Corrosion Inhibitors Market
-
Compound Outlook (Revenue, USD Billion; 2019–2032)
- Organic Corrosion Inhibitors
- Amines
- Fatty Acids
- Polyamines
- Imidazolines
- Inorganic Corrosion Inhibitors
- Zinc-based Inhibitors
- Phosphate-based Inhibitors
- Molybdate-based Inhibitors
- Silicate-based Inhibitors
- Hybrid Corrosion Inhibitors
- Organic Corrosion Inhibitors
-
Type Outlook (Revenue, USD Billion; 2019–2032)
- Water-based corrosion inhibitors
- Oil-based corrosion inhibitors
- Volatile Corrosion inhibitors
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Water Treatment
- Cooling Water Systems
- Boiler Systems
- Desalination Plants
- Process and product additives
- Upstream (Exploration & Production)
- Midstream (Pipelines & Transportation)
- Downstream (Refining & Petrochemicals)
- Industrial & Institutional Cleaning
- Hard Surface Cleaners
- Vehicle Wash Solutions
- Floor Cleaners
- Industrial Degreasers
- Others
- Power Generation
- Metal Processing
- Pulp & Paper
- Chemical Processing
- Others (Automotive, Aerospace, Marine, etc.)
- Water Treatment
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Regional Outlook of the Corrosion Inhibitors Market
The global Corrosion Inhibitors market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Corrosion Inhibitors market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Corrosion Inhibitors Market report:
- The latest report comprehensively studies the global Corrosion Inhibitors market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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