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Global Corrosion Inhibitors Market 2017-2021

Global Corrosion Inhibitors Market 2017-2021

About Corrosion Inhibitors

Corrosion inhibitors are chemicals that are added in low concentrations to reduce the corrosion rate of metals or alloys. They significantly reduce the deterioration of the material and enhance the lifespan of the structures or components made of metals. Corrosion inhibitors can be classified into precipitation inhibitors, passivity inhibitors, and others (cathodic inhibitors and volatile corrosion inhibitors) based on the type. Corrosion inhibitors can be categorized into organic and inorganic corrosion inhibitors. Amines, cyclic amines, quaternary amidoamines, benzotriazoles, phosphonates, diethyl amines, imidazolines, fatty acids, and nitrates are classified under organic inhibitors.

Technavio’s analysts forecast the global Corrosion Inhibitors market to grow at a CAGR of 4.87% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global corrosion inhibitors market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Corrosion Inhibitors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ashland
  • BASF
  • DuPont
  • General Electric
  • Ecolab
Other prominent vendors
  • Afton Chemical
  • ChemTreat
  • CRC Industries
  • Eastman Chemical Company
  • ICL
  • Schlumberger
Market driver
  • Increasing urbanization and industrialization in APAC
  • For a full, detailed list, view our report
Market challenge
  • Smart coatings replacing corrosion inhibitors
  • For a full, detailed list, view our report
Market trend
  • Changing preference toward environment-friendly corrosion inhibitors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Corrosion Inhibitors Market 2017-2021

Technavio recognizes the following companies as the key players in the global corrosion inhibitors market: Ashland, BASF, DuPont, General Electric, and Ecolab.

Other Prominent Vendors in the market are: Afton Chemical, ChemTreat, CRC Industries, Eastman Chemical Company, ICL, and Schlumberger.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is changing preference toward environment-friendly corrosion inhibitors. Organic and inorganic corrosion inhibitors, which contain phosphate, chromate, and other heavy metals is reducing year-over-year owing to their high toxicity. This led to the increased usage of environment-friendly, biodegradable, cost-effective, and non-toxic inhibitors extracted from biological sources. These green inhibitors contain natural active ingredients that possess corrosion inhibition properties.”

According to the report, one of the major drivers for this market is increasing urbanization and industrialization in APAC. The increasing demand for corrosion inhibitors from developing economies of India, China, and South Korea is fostering the market growth in the region. Growing disposable incomes and increasing purchasing power of individuals in the developing countries of APAC are prompting significant investments in the oil and gas and power generation industries. In addition, government initiatives and benefits for foreign direct investments and MNCs in the developing countries for industrialization certainly lead to the growth of corrosion inhibitors market in APAC.

Further, the report states that one of the major factors hindering the growth of this market is smart coatings replacing corrosion inhibitors. Smart coatings are coatings that have the ability to modify properties of the coated surface dynamically from the external environment. These coatings sense the external environment and respond accordingly. In addition to anti-corrosion properties, these coatings also offer other properties, such as self-healing, super-hydrophobicity, self-stratifying, soundproofing, and vibration damping. The US Army Smart Coating Material program has aimed to investigate coatings to reduce cost, equipment down time, and maintenance burdens. The wider application will pose a challenge to the market growth.



Companies Mentioned

Ashland, BASF, DuPont, General Electric, Ecolab, Afton Chemical, ChemTreat, CRC Industries, Eastman Chemical Company, ICL, and Schlumberger.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Market overview
      • Table Segmentation of global corrosion inhibitors market 2016-2021
    • Market size and forecast
      • Table Global corrosion inhibitors market 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global corrosion inhibitors market by type
      • Table Global corrosion inhibitors market by type 2016
      • Table Global corrosion inhibitors market by type 2021
    • Global corrosion inhibitors market by precipitation inhibitors
      • Table Global corrosion inhibitors market by precipitation inhibitors 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market by precipitation inhibitors 2016- 2021
    • Global corrosion inhibitors market by passivity inhibitors
      • Table Global corrosion inhibitors market by passivity inhibitors 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market by passivity inhibitors 2016-2021
    • Global corrosion inhibitors market by other inhibitors
      • Table Global corrosion inhibitors market by other inhibitors 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market by other inhibitors 2016-2021
  • Market segmentation by end user
    • Global corrosion inhibitors market by end users
      • Table Segmentation of global corrosion inhibitors market by end user 2016
      • Table Segmentation of global corrosion inhibitors market by end user 2021
    • Global corrosion inhibitors market for power generation segment
      • Table Global corrosion inhibitors market for power generation segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market for power generation segment 2016-2021
    • Global corrosion inhibitors market for oil and gas segment
      • Table Global corrosion inhibitors market for oil and gas segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market for oil and gas segment 2016- 2021
    • Global corrosion inhibitors market for pulp and paper segment
      • Table Global corrosion inhibitors market for pulp and paper segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market for pulp and paper segment 2016-2021
    • Global corrosion inhibitors market for metal processing segment
      • Table Global corrosion inhibitors market for metal processing segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market for metal processing segment 2016-2021
    • Global corrosion inhibitors market for water treatment and other segments
      • Table Global corrosion inhibitors market for water treatment and other segments 2016 and 2021 ($ millions)
      • Table Market forecast: Global corrosion inhibitors market for water treatment and other segments 2016-2021
  • Geographic segmentation
    • Global corrosion inhibitors market by geography
      • Table Global corrosion inhibitors market by geography 2016
      • Table Global corrosion inhibitors market by geography 2021
    • Corrosion inhibitors market in APAC
      • Table Corrosion inhibitors market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Corrosion inhibitors market in APAC 2016-2021
    • Corrosion inhibitors market in Europe
      • Table Corrosion inhibitors market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Corrosion inhibitors market in Europe 2016-2021
    • Corrosion inhibitors market in North America
      • Table Corrosion inhibitors market in North America 2016 and 2021 ($ millions)
      • Table Market forecast: Corrosion inhibitors market in North America 2016-2021
    • Corrosion inhibitor market in ROW
      • Table Corrosion inhibitors market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Corrosion inhibitors market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key geographic segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key geographic segments
      • Table Impact of challenges
  • Market trends
    • Changing preference toward environment-friendly corrosion inhibitors
    • Introduction of new high-temperature corrosion inhibitors
    • Nanotechnology to boost market growth
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global corrosion inhibitors market
    • Other prominent vendors
  • Vendor landscape
    • Ashland
      • Table Ashland: Business segmentation by revenue 2016
      • Table Ashland: Geographic segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographic segmentation by revenue 2016
    • DuPont
      • Table DuPont: Business segmentation by revenue 2016
      • Table DuPont: Geographic segmentation by revenue 2016
    • Ecolab
      • Table Ecolab: Business segmentation by revenue 2016
      • Table Ecolab: Geographic segmentation by revenue 2016
    • General Electric
      • Table General Electric: Business segmentation by revenue 2016
      • Table General Electric: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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