Market Overview:
The global corrosion inhibitors for water treatments market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for corrosion inhibitors in various end-use industries, such as power generation, metal processing, pulp and paper, oil and gas, chemical processing, and others. Inorganic corrosion inhibitors are projected to hold a larger share of the global corrosion inhibitors for water treatments market during the forecast period. However, organic corrosion inhibitors are expected to witness higher growth rates during the forecast period owing to their eco-friendly nature and better performance than inorganic corrosion inhibitors. Asia Pacific is projected to be the fastest-growing region in terms of revenue during the forecast period.
Product Definition:
Corrosion inhibitors are chemical compounds that are used to prevent or retard corrosion. They can be added to water treatments in order to help protect metal surfaces from rust and other forms of corrosion. The use of corrosion inhibitors is important because it can help extend the life of equipment and infrastructure, as well as reduce the amount of maintenance that is needed.
Organic:
Organic corrosion inhibitors are substances that inhibit the chemical reaction between water and metal, which results in the protection of metallic components from deterioration. Organic corrosion inhibitors can be further classified into two types: aqueous solutions of organic compounds and dry powder formulations.
Inorganic:
Inorganic corrosion inhibitors are chemicals that prevent or slow down the rate of oxidation in metal-to-metal contact. They can be further classified as organic and inorganic. The most common type of inorganic inhibitor is calcium carbonate, also known as precipitated calcium carbonate (PCC). PCC is widely used for preventing iron from corroding; however, it has been found to have an adverse effect on copper due to its chemical composition.
Application Insights:
The power generation application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Corrosion inhibitors are used for various applications, including cooling water circulation, boiler feedwater treatment, and steam generators. The growing demand for electricity across developing countries is expected to have a positive impact on the global corrosion inhibitors market over the next eight years.
Power generation was followed by pulp and paper as the second-largest segment in terms of revenue in 2017 owing to increasing demand from end-use industries across regions such as Asia Pacific and Middle East & Africa. In addition, rising environmental concerns regarding toxic waste discharge from power plants into waterways is anticipated to propel product demand over the coming years within this industry sector globally.
Regional Analysis:
Asia Pacific held the largest revenue share of over 40% in 2017. The region is expected to witness a significant increase in demand for corrosion inhibitors owing to rapid industrialization and urbanization, which has led to an increased consumption of water for municipal as well as industrial purposes. In addition, rising population and increasing per capita income are likely to boost the demand further over the coming years.
The growing chemical industry coupled with metal processing industries due to high energy prices is anticipated to drive growth in North America during the forecast period. The U.S.
Europe was estimated at USD X million in 2017 owing its extensive usage across several end-use applications including pulp.
Growth Factors:
- Increasing demand from water-intensive industries: The global corrosion inhibitors for water treatments market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from water-intensive industries such as power generation, oil and gas, metal production, and chemical processing.
- Growing awareness about the benefits of using corrosion inhibitors: There is a growing awareness among consumers about the benefits of using corrosion inhibitors in various industrial applications. This is expected to drive the growth of the market during the forecast period.
- Rising investments in infrastructure development: The global spending on infrastructure development is projected to increase at a CAGR of 4% between 2016 and 2020, which will create opportunities for players operating in this market.
- Technological advancements: The emergence of new technologies that can help reduce or prevent corrosion has led to an increase in demand for corrosion inhibitors for water treatments globally. This is anticipated to boost growth prospects for this market during the forecast period . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Inhibitors for Water Treatments Market Research Report
By Type
Organic, Inorganic
By Application
Power Generation, Metal Processing, Pulp and Paper, Oil and Gas, Chemical Processing
By Companies
Ashland, AkzoNobel, BASF, Champion Technologies, Cortec, Cytec, Dai-Ichi Karkaria, Daubert Cromwell, Dow, Ecolab, Henkel, Marott Graphic, Lubrizol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Inhibitors for Water Treatments Market Report Segments:
The global Corrosion Inhibitors for Water Treatments market is segmented on the basis of:
Types
Organic, Inorganic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Metal Processing, Pulp and Paper, Oil and Gas, Chemical Processing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashland
- AkzoNobel
- BASF
- Champion Technologies
- Cortec
- Cytec
- Dai-Ichi Karkaria
- Daubert Cromwell
- Dow
- Ecolab
- Henkel
- Marott Graphic
- Lubrizol
Highlights of The Corrosion Inhibitors for Water Treatments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Inorganic
- By Application:
- Power Generation
- Metal Processing
- Pulp and Paper
- Oil and Gas
- Chemical Processing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corrosion Inhibitors for Water Treatments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corrosion inhibitors are chemicals that help to prevent metal corrosion in water treatments.
Some of the major companies in the corrosion inhibitors for water treatments market are Ashland, AkzoNobel, BASF, Champion Technologies, Cortec, Cytec, Dai-Ichi Karkaria, Daubert Cromwell, Dow, Ecolab, Henkel, Marott Graphic, Lubrizol.
The corrosion inhibitors for water treatments market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corrosion Inhibitors for Water Treatments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corrosion Inhibitors for Water Treatments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corrosion Inhibitors for Water Treatments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corrosion Inhibitors for Water Treatments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corrosion Inhibitors for Water Treatments Market Size & Forecast, 2020-2028
4.5.1 Corrosion Inhibitors for Water Treatments Market Size and Y-o-Y Growth
4.5.2 Corrosion Inhibitors for Water Treatments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic
5.2.2 Inorganic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Metal Processing
6.2.3 Pulp and Paper
6.2.4 Oil and Gas
6.2.5 Chemical Processing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corrosion Inhibitors for Water Treatments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corrosion Inhibitors for Water Treatments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic
9.6.2 Inorganic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Metal Processing
9.10.3 Pulp and Paper
9.10.4 Oil and Gas
9.10.5 Chemical Processing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic
10.6.2 Inorganic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Metal Processing
10.10.3 Pulp and Paper
10.10.4 Oil and Gas
10.10.5 Chemical Processing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic
11.6.2 Inorganic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Metal Processing
11.10.3 Pulp and Paper
11.10.4 Oil and Gas
11.10.5 Chemical Processing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic
12.6.2 Inorganic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Metal Processing
12.10.3 Pulp and Paper
12.10.4 Oil and Gas
12.10.5 Chemical Processing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic
13.6.2 Inorganic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Metal Processing
13.10.3 Pulp and Paper
13.10.4 Oil and Gas
13.10.5 Chemical Processing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corrosion Inhibitors for Water Treatments Market: Competitive Dashboard
14.2 Global Corrosion Inhibitors for Water Treatments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ashland
14.3.2 AkzoNobel
14.3.3 BASF
14.3.4 Champion Technologies
14.3.5 Cortec
14.3.6 Cytec
14.3.7 Dai-Ichi Karkaria
14.3.8 Daubert Cromwell
14.3.9 Dow
14.3.10 Ecolab
14.3.11 Henkel
14.3.12 Marott Graphic
14.3.13 Lubrizol
