Market Overview:
The global oil and gas corrosion inhibitor market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. Inorganic corrosion inhibitors are expected to dominate the market during the forecast period owing to their properties such as high thermal stability, resistance against hydrolysis, and chemical stability. However, organic corrosion inhibitors are projected to grow at a higher rate during the forecast period owing to their advantages such as low toxicity, environmental friendliness, and easy handling. Oil and gas drilling systems segment is expected to account for a major share of the global oil and gas corrosion inhibitor market in 2018.
Product Definition:
An oil and gas corrosion inhibitor is a chemical compound that is used to prevent or reduce corrosion in oil and gas pipelines, tanks, and other equipment. Corrosion can cause serious damage to these systems, leading to leaks or even explosions. Oil and gas corrosion inhibitors are typically added to the fluid being transported or stored. They work by forming a protective layer on the metal surfaces that prevents them from rusting or corroding.
Organic Corrosion Inhibitor:
Organic corrosion inhibitor is a chemical that inhibits or delays the process of oxidation in which organic materials such as fats, oils, and greases are converted to carbon dioxide and water. The product finds application in various end-use industries including oil & gas industry. It is primarily used for preventing the deterioration of metal parts in vehicles, machines & equipment by controlling/preventing rust formation on metallic components.
Inorganic Corrosion Inhibitor:
An inorganic corrosion inhibitor is a chemical compound that inhibits or delays the progress of corrosion in various materials. The process of rusting comprises two steps, namely, oxidation and reduction. In the first step, oxygen plays a vital role by oxidizing metal surfaces and forming an oxide layer on them.
Application Insights:
The oil and gas drilling system was the dominant application segment in 2016, accounting for over 60% of the global market. The segment is expected to witness significant growth owing to its usage in almost all oil and gas wells across the world. Drilling muds are aqueous solutions that are used during drilling operations as well as after completion of wellbore activities such as gravel packing or casing, cementing, perforating and installation of a production tree. Corrosion inhibitors are primarily used in drilling fluids where they act as an anti-corrosive agent by protecting metal parts from corrosion caused by seawater or freshwater during hydrocarbon extraction from the earth¢â‚¬â„¢s crust.
Regional Analysis:
North America was the leading regional market in 2017 and is expected to witness moderate growth over the forecast period. The U.S., being a major oil and gas producer, consumer, and importer is anticipated to be a key regional market for corrosion inhibitors. In addition, technological advancements coupled with high demand from end-use industries such as power generation are likely to drive the North American market further.
Asia Pacific is estimated to be one of the fastest growing regions owing to increasing exploration activities in countries such as China, India, Malaysia etc.; which are also major consumers of crude oil & natural gas globally; thereby driving its demand for Corrosion Inhibitors products over the forecast period.
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rapid industrialization in developing countries
- Stringent environmental regulations for controlling corrosion in oil and gas industry
- Rising investment in oil and gas sector
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Corrosion Inhibitor Market Research Report
By Type
Organic Corrosion Inhibitor, Inorganic Corrosion Inhibitor
By Application
Oil and Gas Drilling System, Oil and Gas Gathering and Transportation Systems, Others
By Companies
Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger, Lubrizol, Solenis, BASF, Clariant, ICL Advanced Additives, LANXESS, Lonza, Daubert Chemical
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Corrosion Inhibitor Market Report Segments:
The global Oil and Gas Corrosion Inhibitor market is segmented on the basis of:
Types
Organic Corrosion Inhibitor, Inorganic Corrosion Inhibitor
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
Oil and Gas Drilling System, Oil and Gas Gathering and Transportation Systems, Others
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:
- Ecolab
- GE (Baker Hughes)
- SUEZ Water Technologies & Solutions
- Halliburton
- Schlumberger
- Lubrizol
- Solenis
- BASF
- Clariant
- ICL Advanced Additives
- LANXESS
- Lonza
- Daubert Chemical
Highlights of The Oil and Gas Corrosion Inhibitor 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 Corrosion Inhibitor
- Inorganic Corrosion Inhibitor
- By Application:
- Oil and Gas Drilling System
- Oil and Gas Gathering and Transportation Systems
- Others
- 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 Oil and Gas Corrosion Inhibitor 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
Oil and gas corrosion inhibitor (OGCI) is a chemical used to prevent the corrosion of metal in oil and gas production, storage, transportation, processing and distribution.
Some of the major players in the oil and gas corrosion inhibitor market are Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger, Lubrizol, Solenis, BASF, Clariant, ICL Advanced Additives, LANXESS, Lonza, Daubert Chemical.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size & Forecast, 2018-2028
4.5.1 Oil and Gas Corrosion Inhibitor Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Corrosion Inhibitor Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
5.2.1 Organic Corrosion Inhibitor
5.2.2 Inorganic Corrosion Inhibitor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
6.2.1 Oil and Gas Drilling System
6.2.2 Oil and Gas Gathering and Transportation Systems
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
9.6.1 Organic Corrosion Inhibitor
9.6.2 Inorganic Corrosion Inhibitor
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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
9.10.1 Oil and Gas Drilling System
9.10.2 Oil and Gas Gathering and Transportation Systems
9.10.3 Others
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 Oil and Gas Corrosion Inhibitor Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
10.6.1 Organic Corrosion Inhibitor
10.6.2 Inorganic Corrosion Inhibitor
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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
10.10.1 Oil and Gas Drilling System
10.10.2 Oil and Gas Gathering and Transportation Systems
10.10.3 Others
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 Oil and Gas Corrosion Inhibitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
11.6.1 Organic Corrosion Inhibitor
11.6.2 Inorganic Corrosion Inhibitor
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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
11.10.1 Oil and Gas Drilling System
11.10.2 Oil and Gas Gathering and Transportation Systems
11.10.3 Others
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 Oil and Gas Corrosion Inhibitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Corrosion Inhibitor 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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
12.6.1 Organic Corrosion Inhibitor
12.6.2 Inorganic Corrosion Inhibitor
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 Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
12.10.1 Oil and Gas Drilling System
12.10.2 Oil and Gas Gathering and Transportation Systems
12.10.3 Others
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) Oil and Gas Corrosion Inhibitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Corrosion Inhibitor 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) Oil and Gas Corrosion Inhibitor Market Size Forecast by Type
13.6.1 Organic Corrosion Inhibitor
13.6.2 Inorganic Corrosion Inhibitor
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) Oil and Gas Corrosion Inhibitor Market Size Forecast by Applications
13.10.1 Oil and Gas Drilling System
13.10.2 Oil and Gas Gathering and Transportation Systems
13.10.3 Others
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 Oil and Gas Corrosion Inhibitor Market: Competitive Dashboard
14.2 Global Oil and Gas Corrosion Inhibitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ecolab
14.3.2 GE (Baker Hughes)
14.3.3 SUEZ Water Technologies & Solutions
14.3.4 Halliburton
14.3.5 Schlumberger
14.3.6 Lubrizol
14.3.7 Solenis
14.3.8 BASF
14.3.9 Clariant
14.3.10 ICL Advanced Additives
14.3.11 LANXESS
14.3.12 Lonza
14.3.13 Daubert Chemical
