Global Corrosion Inhibitors Market 2021-2025
Technavio has been monitoring the corrosion inhibitors market and it is poised to grow by $ 2.22 bn during 2021-2025, progressing at a CAGR of 5.22% during the forecast period. Our report on the corrosion inhibitors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising investments in the power sector, increasing urbanization and industrialization in APAC, and increasing cost of corrosion. In addition, rising investments in power sector is anticipated to boost the growth of the market as well.
The corrosion inhibitors market analysis includes end User and type segments and geographic landscape.
Technavio's corrosion inhibitors market is segmented as below:
By End User
- Water treatment
- Metal processing
- Oil and gas
- Power generation
- Precipitation inhibitors
- Passivity inhibitors
- Other inhibitors
- North America
- South America
This study identifies the changing preference toward environment-friendly corrosion inhibitors as one of the prime reasons driving the corrosion inhibitors market growth during the next few years. Also, the introduction of new high-temperature corrosion inhibitors and nanotechnology to boost market growth will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on corrosion inhibitors market covers the following areas:
- Corrosion inhibitors market sizing
- Corrosion inhibitors market forecast
- Corrosion inhibitors market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading corrosion inhibitors market vendors that include Akzo Nobel NV, Ashland Global Holdings Inc., BASF SE, DuPont de Nemours Inc., Ecolab Inc., Evonik Industries AG, General Electric Co., Israel Chemicals Ltd., Schlumberger Ltd., and Solvay SA. Also, the corrosion inhibitors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/corrosion-inhibitors-market-industry-analysis
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.