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Corrosion Inhibitors


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US demand to increase 4% per annum through 2017
US demand for corrosion inhibitors is forecast to expand 4.0 percent per year through 2017 on a value basis, supported primarily by an expanding economy, increasing chemical production, and rising oil and natural gas output. Additionally, rising construction spending will support demand for corrosion inhibitors used in cement and concrete, coatings, and metal applications. The corrosion inhibitors industry will continue to respond to evolving trends including environmental concerns about popular corrosion inhibitors such as nitrites and molybdates, and sustained pricing volatility for molybdates, by investing in the development of new, less costly products with improved performance and better environmental profiles. Organic corrosion inhibitors will be the primary beneficiary of these trends as they have been the focus of much of the new product development. Value growth will also be aided by the introduction of new hybrid products that include additional functions other than corrosion protection.

Market environment factors restricting demand growth
With government estimates of the annual cost of corrosion exceeding three percent of GDP, corrosion prevention remains a high priority for a number of different sectors in the US economy. However, despite significant need for corrosion protection in many industries, pressures such as environmental concerns, price volatility, and new product developments have influenced the amount, types, and availability of certain types of corrosion inhibitors. Additionally, industries that are intensive users of water that require treatment with corrosion inhibitors, such as chemical manufacturing and petroleum refining, are reducing the amount of water used per unit produced, influencing the types and amounts of corrosion inhibitors being consumed.

Closed loop cooling systems to benefit nitrites, hybrids
Environmental concerns over process and waste waters have prompted many industries to implement closed loop cooling systems to address these issues. As a result, traditional products such as nitrites that function very well in closed systems have increased in demand while new hybrid products have been developed that can offer corrosion protection along with other functional qualities. Further growth in this area will also be supported by the power industry’s transition away from older coal-fired plants toward new natural gas plants due to regulations requiring the use of closed loop systems on new plants. However, the growing use of different cooling systems such as dry-cooling, hybrid drywet cooling, and cooling with fluids other than water will have a moderating effect.

Price increases have reduced demand for molybdate & other types
Pricing issues have also been a major concern over the past decade as some inhibitors have significantly increased in price. For example, molybdates, despite being popular cooling water additives, have seen demand decline as molybdate prices soared between 2002 and 2007. While molybdate prices moderated from 2007 to 2012, they remain high compared to other corrosion inhibitors, and pressure to develop molybdate free alternatives will restrain demand for molybdates going forward.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table CORROSION INHIBITOR DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Environment
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
    • Demographic Trends
      • Table POPULATION & HOUSEHOLDS (million persons)
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS (billion dollars)
    • Water Use Trends
      • Table WATER USE (trillion gallons)
    • Historical Trends
      • Table CORROSION INHIBITOR MARKET, 2002-2012
    • Corrosion Costs
    • Competitive Technologies
      • Corrosion Resistant Metals
      • Plastics & Ceramics
      • Anticorrosive Coatings
      • Other Technologies
    • Environmental & Regulatory Issues
    • Pricing Trends
      • Table CORROSION INHIBITOR PRICING (dollars per pound)
    • International Activity & Foreign Trade
  • APPLICATIONS & MARKETS
    • General
    • Applications
      • Table CORROSION INHIBITOR DEMAND BY APPLICATION (million dollars)
      • Water Treatment
        • Table WATER TREATMENT CORROSION INHIBITOR DEMAND BY PRODUCT (million dollars)
        • Table WATER TREATMENT CORROSION INHIBITOR DEMAND BY MARKET (million dollars)
      • Process & Product Additives
        • Table PROCESS & PRODUCT ADDITIVE CORROSION INHIBITOR DEMAND BY PRODUCT & MARKET (million dollars)
    • Markets
      • Table CORROSION INHIBITOR DEMAND BY MARKET (million dollars)
      • Petroleum Refining
        • Table PETROLEUM REFINING INDUSTRY OUTLOOK (million barrels)
        • Table PETROLEUM REFINING MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)
        • Table PETROLEUM REFINING WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)
        • Table LUBRICANTS MARKET FOR CORROSION INHIBITORS (million dollars)
        • Table CORROSION INHIBITORS IN FUELS & OTHER REFINERY APPLICATIONS
      • Utilities
        • Table UTILITY INDUSTRY OUTLOOK (trillion gallons)
        • Table UTILITIES MARKET FOR CORROSION INHIBITORS BY PRODUCT & SECTOR (million dollars)
        • Table MUNICIPAL WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)
        • Table POWER GENERATION & OTHER UTILITY WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)
      • Chemicals
        • Table CHEMICAL PRODUCT SHIPMENTS
        • Table CHEMICAL MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)
        • Table CHEMICAL WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)
        • Table CHEMICAL PRODUCT ADDITIVES MARKET FOR CORROSION INHIBITORS (million dollars)
      • Oil & Gas Production
        • Table OIL & GAS PRODUCTION & CONSUMPTION
        • Table OIL & GAS PRODUCTION MARKET FOR CORROSION INHIBITORS (million dollars)
      • Metals
        • Table METAL SHIPMENTS
        • Table METALS MARKET FOR CORROSION INHIBITORS (million dollars)
      • Pulp & Paper
        • Table PAPER & BOARD PRODUCTION (thousand tons)
        • Table PULP & PAPER MARKET FOR CORROSION INHIBITORS (million dollars)
      • Cement & Concrete
        • Table CEMENT DEMAND BY TYPE & MARKET (million tons)
        • Table CEMENT & CONCRETE MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)
      • Other Markets
        • Table OTHER MARKETS FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)
  • PRODUCTS
    • General
      • Table CORROSION INHIBITOR DEMAND BY PRODUCT (million dollars)
    • Organics
      • Table ORGANIC CORROSION INHIBITOR DEMAND (million dollars)
      • Amines
      • Azoles
      • Other
    • Molybdates
      • Table MOLYBDATE CORROSION INHIBITOR DEMAND (million dollars)
    • Nitrites
      • Table NITRITE CORROSION INHIBITOR DEMAND (million dollars)
    • Phosphates
      • Table PHOSPHATE CORROSION INHIBITOR DEMAND (million dollars)
    • Phosphonates
      • Table PHOSPHONATE CORROSION INHIBITOR DEMAND (million dollars)
    • Silicates
      • Table SILICATE CORROSION INHIBITOR DEMAND (million dollars)
    • Other
      • Table OTHER CORROSION INHIBITOR DEMAND (million dollars)
  • INDUSTRY STRUCTURE
    • General
      • Table US CORROSION INHIBITOR SALES BY COMPANY, 2012 (million dollars)
    • Market Share
    • Competitive Strategies
      • Product Differentiation
      • Research & New Product Development
      • Market Focus
      • Low-Cost Leadership
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Marketing & Distribution
    • Company Profiles
      • Akzo Nobel NV
      • Arkema SA
      • Ashland Incorporated
      • Baker Hughes Incorporated
      • BASF SE
      • Berkshire Hathaway Incorporated
      • Buckman Laboratories International Incorporated
      • Chem-Met Company
      • Chemtura Corporation
      • Cortec Corporation
      • Danaher Corporation
      • Dow Chemical Company
      • Ecolab Incorporated
      • Freeport-McMoRan Copper & Gold Incorporated
      • Garratt-Callahan Company
      • General Electric Company
      • Henkel AG & Company KGaA
      • Huntsman Corporation
      • ICC Industries Incorporated
      • Innospec Incorporated
      • Israel Chemicals Limited
      • King Industries Incorporated
      • Koch Industries Incorporated
      • LANXESS AG
      • Lonza Group Limited
      • MeadWestvaco Corporation
      • PMC Global Incorporated
      • PQ Corporation
      • Solvay SA
      • Starck (HC) GmbH & Company KG
      • Taminco NV
      • Thermphos International BV
    • Other Corrosion Inhibitor Companies Mentioned in the Study

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