Market Overview:
The global oil-base corrosion inhibitors 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 market growth can be attributed to the increasing demand for oil-base corrosion inhibitors from the macro brewery and craft brewery applications. In terms of type, the yeast source segment is expected to account for a major share of the global oil-base corrosion inhibitors market during the forecast period. This can be attributed to the growing demand for yeast source based oil-base corrosion inhibitors from various end users such as macro breweries and craft breweries. In terms of application, the macro brewery segment is anticipated to hold a dominant position in the global market throughoutthe forecast period.
Product Definition:
Oil-base Corrosion Inhibitors are chemicals that are used to prevent corrosion in oil pipelines. They work by forming a protective layer on the metal surface that prevents corrosion from occurring. The importance of oil-base corrosion inhibitors is that they help to keep pipelines and other oil infrastructure functioning properly, which can be critical for transporting resources and products around the country.
Yeast Source:
Yeast source is the main raw material used in manufacturing of yeast-based corrosion inhibitors. The industry has been witnessing strong growth over the past few years on account of increasing demand from various application industries including oil & gas, food & beverages, and chemical processing among others. This trend is expected to continue over the forecast period owing to rising awareness regarding advantages offered by yeast-based corrosion inhibitors such as excellent anti-corrosive performance coupled with low toxicity levels.
Malt Source:
Malt source is a complex carbohydrate material derived from barley. It consists of dextrose, maltose, and other sugar derivatives. Malt sources are used in the formulation of various corrosion inhibitors owing to their ability to form a protective film on metal surfaces which prevent oxidation and degradation of the inhibitor. The most commonly used malt sources are maleates, sorbates, and quaternary ammonium salts (QAS).
Application Insights:
The global demand for beer has witnessed a significant growth over the past few years. The macro breweries segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing production of lager beer by major brewers across the world coupled with an increase in consumption of this type of beer.
Macro breweries are majorly concentrated in North America and Europe regions owing to presence of large number of these companies operating within these regions along with high level awareness about product usage among them due to extensive R&D activities carried out for developing new products specifically designed for corrosion prevention purposes. These factors have led to overall industry growth across both hemispheres which is likely to continue through 2018 & beyond.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is anticipated to witness a significant CAGR over the forecast period. The region has been witnessing robust economic growth on account of increasing foreign investments coupled with rising industrial activities. Increasing disposable income, especially in developing countries such as China and India, is expected to drive product demand over the coming years.
China dominated regional market owing to rapid industrialization along with supportive government initiatives for promoting domestic production capabilities of corrosion inhibitors across various industries including manufacturing, oil & gas sector among others.
Growth Factors:
- Increasing demand from end-use industries: The global oil-base corrosion inhibitors market is projected to grow at a CAGR of 5.5% from 2017 to 2022, owing to the increasing demand from end-use industries such as automotive, aerospace & defense, and marine.
- 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 global oil-base corrosion inhibitors market in the coming years.
- Rising investments in R&D activities: The key players operating in this market are investing heavily in R&D activities to develop new and innovative products that can cater to the needs of different end-use industries. This is likely to boost the growth of this market in future years.
- Stringent environmental regulations: Stringent environmental regulations across different countries are compelling companies operating in various industrial sectors to use oil-base corrosion inhibitors as an effective way to protect their equipment against rusting and other forms of damage caused by corrosive elements present in their respective environments .
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-base Corrosion Inhibitors Market Research Report
By Type
Yeast Source, Malt Source
By Application
Macro Brewery, Craft Brewery
By Companies
Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), Simpsons Malt (UK)
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Oil-base Corrosion Inhibitors Market Report Segments:
The global Oil-base Corrosion Inhibitors market is segmented on the basis of:
Types
Yeast Source, Malt Source
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
Macro Brewery, Craft Brewery
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:
- Angel Yeast Co. Ltd. (China)
- Boortmalt (Belgium)
- Malteurop Groupe (France)
- Rahr Corporation (US)
- Lallemand Inc. (Canada)
- Viking Malt (Sweden)
- Lesaffre (France)
- Maltexco S.A. (Chile)
- Simpsons Malt (UK)
Highlights of The Oil-base Corrosion Inhibitors 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:
- Yeast Source
- Malt Source
- By Application:
- Macro Brewery
- Craft Brewery
- 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-base Corrosion Inhibitors 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.
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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?
Oil-base corrosion inhibitors are a type of chemical that is used to protect metal from corrosion. They work by stopping the formation of rust on the surface of the metal.
Some of the key players operating in the oil-base corrosion inhibitors market are Angel Yeast Co. Ltd. (China), Boortmalt (Belgium), Malteurop Groupe (France), Rahr Corporation (US), Lallemand Inc. (Canada), Viking Malt (Sweden), Lesaffre (France), Maltexco S.A. (Chile), Simpsons Malt (UK).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil-base Corrosion Inhibitors 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-base Corrosion Inhibitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil-base Corrosion Inhibitors 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-base Corrosion Inhibitors 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-base Corrosion Inhibitors Market Size & Forecast, 2020-2028
4.5.1 Oil-base Corrosion Inhibitors Market Size and Y-o-Y Growth
4.5.2 Oil-base Corrosion Inhibitors 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 Yeast Source
5.2.2 Malt Source
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 Macro Brewery
6.2.2 Craft Brewery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil-base Corrosion Inhibitors 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-base Corrosion Inhibitors 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 Yeast Source
9.6.2 Malt Source
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 Macro Brewery
9.10.2 Craft Brewery
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 Yeast Source
10.6.2 Malt Source
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 Macro Brewery
10.10.2 Craft Brewery
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 Yeast Source
11.6.2 Malt Source
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 Macro Brewery
11.10.2 Craft Brewery
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 Yeast Source
12.6.2 Malt Source
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 Macro Brewery
12.10.2 Craft Brewery
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 Yeast Source
13.6.2 Malt Source
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 Macro Brewery
13.10.2 Craft Brewery
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-base Corrosion Inhibitors Market: Competitive Dashboard
14.2 Global Oil-base Corrosion Inhibitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Angel Yeast Co. Ltd. (China)
14.3.2 Boortmalt (Belgium)
14.3.3 Malteurop Groupe (France)
14.3.4 Rahr Corporation (US)
14.3.5 Lallemand Inc. (Canada)
14.3.6 Viking Malt (Sweden)
14.3.7 Lesaffre (France)
14.3.8 Maltexco S.A. (Chile)
14.3.9 Simpsons Malt (UK)
