PUBLISHER: IMARC | PRODUCT CODE: 1308293
PUBLISHER: IMARC | PRODUCT CODE: 1308293
Corrosion Inhibitors Market by Product (Organic, Inorganic), Type (Water Based, Oil Based), End Use (Power Generation, Oil and Gas, Paper and Pulp, Metal Processing, Chemical Processing, Water Treatment, and Others), and Region 2023-2028
Market Overview:
The global corrosion inhibitors market size reached US$ 8.14 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.56 Billion by 2028, exhibiting a growth rate (CAGR) of 4.33% during 2023-2028. The escalating product demand in various end-use sectors, the rising need of protection of the industrial infrastructure from harsh operating conditions and corrosive environments, and a considerable rise in infrastructure development projects represent some of the key factors driving the market.
Corrosion inhibitors refer to a wide range of materials that create a protective barrier on metal surfaces to prevent corrosion by inhibiting the chemical reactions that cause it. This protective layer extends the lifespan of the metal by shielding it from the corrosive environment. Corrosion inhibitors can be organic or inorganic compounds, and their solubility characteristics can vary between polar and non-polar, and are available in liquid, solid, or gas forms. Additionally, they are stable, soluble in the applied medium, and compatible with other system components. They work by forming a protective barrier on the metal surface, promoting the formation of a corrosion-resistant oxide layer, adsorbing onto the metal surface to alter its properties, forming complexes with metal ions to prevent corrosive reactions, and regulating the pH of the environment to create unfavorable conditions for corrosion. Corrosion inhibitors need to efficiently reduce the corrosion rate of the metal and selectively target the metal surface without interfering with other processes or materials.
Corrosion Inhibitors Market Trends:
The global market is primarily driven by the escalating product demand in various end-use sectors, such as oil and gas, petrochemicals, power generation, and manufacturing. This can be attributed to the rising need of protection of the industrial infrastructure from the harsh operating conditions and corrosive environments. In line with this, a considerable rise in infrastructure development projects, such as construction of public structures and buildings requiring effective corrosion protection solutions, is fueling the market. Moreover, the implementation of stringent environmental regulations by governments and regulatory bodies of several countries to minimize the impact of chemical substances on the environment is resulting in a higher product uptake among the masses. The market is further driven by the shifting consumer preference towards the development of green and sustainable corrosion inhibitors. In addition to this, the rapid expansion of the automotive sector, particularly in emerging economies, is acting as a significant growth inducing factor for the market. Some of the other factors contributing to the market include the growing demand for oil and gas exploration activities, the increasing sales of passenger vehicles, continual product innovations and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global corrosion inhibitors market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product, type and end use.
Product Insights:
Organic
Inorganic
The report has provided a detailed breakup and analysis of the corrosion inhibitors market based on the product. This includes organic and inorganic. According to the report, organic represented the largest segment.
Type Insights:
Water Based
Oil Based
The report has provided a detailed breakup and analysis of the corrosion inhibitors market based on the type. This includes water based and oil based. According to the report, water based represented the largest segment.
End Use Insights:
Power Generation
Oil and Gas
Paper and Pulp
Metal Processing
Chemical Processing
Water Treatment
Others
A detailed breakup and analysis of the corrosion inhibitors market based on the end use has also been provided in the report. This includes power generation, oil and gas, paper and pulp, metal processing, chemical processing, water treatment, and others. According to the report, oil and gas accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for corrosion inhibitors. Some of the factors driving the Asia Pacific corrosion inhibitors market included escalating demand for industrial asset protection, considerable rise in infrastructure development, expanding automotive industry, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global corrosion inhibitors market. The detailed profiles of all major companies have been provided. Some of the companies covered include Baker Hughes Company, BASF SE, ChampionX, Chemtex Speciality Limited, Cortec Corporation, Dai-ichi India Pvt. Ltd., DuPont de Nemours Inc., Ecolab Inc., Henkel Adhesives Technologies India Private Limited (Henkel AG & Co. KGaA), LANXESS Aktiengesellschaft, Nouryon Holding B.V., Solvay, The Lubrizol Corporation (Berkshire Hathaway Inc.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global corrosion inhibitors market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global corrosion inhibitors market?
- What is the impact of each driver, restraint, and opportunity on the global corrosion inhibitors market?
- What are the key regional markets?
- Which countries represent the most attractive corrosion inhibitors market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the corrosion inhibitors market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the corrosion inhibitors market?
- What is the breakup of the market based on the end use?
- Which is the most attractive end use in the corrosion inhibitors market?
- What is the competitive structure of the global corrosion inhibitors market?
- Who are the key players/companies in the global corrosion inhibitors market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Corrosion Inhibitors Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Organic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Inorganic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Type
- 7.1 Water Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Oil Based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Power Generation
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Oil and Gas
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Paper and Pulp
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Metal Processing
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Chemical Processing
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Water Treatment
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Baker Hughes Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 ChampionX
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Chemtex Speciality Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Cortec Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Dai-ichi India Pvt. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 DuPont de Nemours Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Ecolab Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Henkel Adhesives Technologies India Private Limited (Henkel AG & Co. KGaA)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 LANXESS Aktiengesellschaft
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Nouryon Holding B.V.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Solvay
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 The Lubrizol Corporation (Berkshire Hathaway Inc.)
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 SWOT Analysis
- 14.3.1 Baker Hughes Company
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Corrosion Inhibitors Market: Major Drivers and Challenges
- Figure 2: Global: Corrosion Inhibitors Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Corrosion Inhibitors Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Corrosion Inhibitors Market: Breakup by Product (in %), 2022
- Figure 5: Global: Corrosion Inhibitors Market: Breakup by Type (in %), 2022
- Figure 6: Global: Corrosion Inhibitors Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Corrosion Inhibitors Market: Breakup by Region (in %), 2022
- Figure 8: Global: Corrosion Inhibitors (Organic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Corrosion Inhibitors (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Corrosion Inhibitors (Inorganic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Corrosion Inhibitors (Inorganic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Corrosion Inhibitors (Water Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Corrosion Inhibitors (Water Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Corrosion Inhibitors (Oil Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Corrosion Inhibitors (Oil Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Corrosion Inhibitors (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Corrosion Inhibitors (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Corrosion Inhibitors (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Corrosion Inhibitors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Corrosion Inhibitors (Paper and Pulp) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Corrosion Inhibitors (Paper and Pulp) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Corrosion Inhibitors (Metal Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Corrosion Inhibitors (Metal Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Corrosion Inhibitors (Chemical Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Corrosion Inhibitors (Chemical Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Corrosion Inhibitors (Water Treatment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Corrosion Inhibitors (Water Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Corrosion Inhibitors (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Corrosion Inhibitors (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Corrosion Inhibitors Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Corrosion Inhibitors Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Corrosion Inhibitors Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Corrosion Inhibitors Industry: Drivers, Restraints, and Opportunities
- Figure 80: Global: Corrosion Inhibitors Industry: Value Chain Analysis
- Figure 81: Global: Corrosion Inhibitors Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Corrosion Inhibitors Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Corrosion Inhibitors Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Corrosion Inhibitors Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Corrosion Inhibitors Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 5: Global: Corrosion Inhibitors Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Corrosion Inhibitors Market: Competitive Structure
- Table 7: Global: Corrosion Inhibitors Market: Key Players
