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Corrosion Inhibitors Market Is Projected To Reach US$ 9.1 Bn By 2025

The purpose of the report is to illustrate the state of the market of Corrosion Inhibitors, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Corrosion inhibitors are expected witness growth in demand with increasing applications in various industries along with favorable regulatory support. Corrosion inhibitors have primary application in water treatment, metal treatment and lubricants, and oil and gas production. Water treatment application is the largest application of corrosion inhibitors in varied industries including power generation, manufacturing, chemicals, paper & pulp industry, metal processing, etc. Corrosion always remain a challenge for the industries deteriorating the service life of the equipment which increases the downtime of the equipment apart from increasing maintenance cost. In power generation industry, corrosion inhibitors are used to prevent corrosion of equipment including turbines, pipelines, boilers, valves, etc. Growing energy demand with rising population and increasing urbanization driving the need for efficient power infrastructure in order to meet the demand for electricity. Power generation industry is expected to witness growth in consumption of corrosion inhibitor over the forecast period. Oil & gas industry also accounts for the significant share in global corrosion inhibitors market. Increasing exploration of matured reserves along with growing production of shale gas from unconventional reserves is anticipated to propel the demand for corrosion inhibitors over the forecast period. However, low oil prices and slowdown in demand for fossil fuel owing to growing inclination towards renewable energy sources is anticipated to restrain the demand for fossil fuel which in turn is projected to impact the demand for corrosion inhibitor over the forecast period (2017-2025).

Competitive Insights:

Global corrosion inhibitors market is segmented on the basis of product type, application, end use industry and geography. By product type, organic corrosion inhibitors segment was the most dominant segment in global corrosion inhibitors market in 2016 and anticipated to continue its dominance over the forecast period. Increasing application in water treatment along with less toxic properties of inorganic corrosion inhibitors is projected to drive the growth of the segment during the forecast period. Based on application, water based application segment accounted for the largest share in global corrosion inhibitors market owing its wide application of water based corrosion inhibitors in construction, power industry, oil & gas and mining. By end use industry, power generation industry segment was estimated to be the largest application segment in global corrosion inhibitors market in 2016. Increasing energy demand along with growing desire to increase the life expectancy of equipment is anticipated to drive the growth of segment. On the basis of geography, Asia Pacific was estimated to be the largest market for corrosion inhibitors in 2016. Rapid urbanization and development in power infrastructure especially in China and India is projected to spur the demand for corrosion inhibitors in the region during the forecast period. Major players in global corrosion inhibitors market are investing in expansion of research and development, expansion of production capacity, merger and acquisition with focus on increasing market penetration.

Overall, global corrosion inhibitors market is anticipated to register significant growth over the forecast period (2017-2025).

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Corrosion Inhibitors buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Corrosion Inhibitors contains:

Analysis and forecast of Corrosion Inhibitors market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Corrosion Inhibitors market;

Assessment and forecast of Corrosion Inhibitors market development;

Financial and business profiles of the leading companies in the Corrosion Inhibitors industry.

Scope

– Up to date working Corrosion Inhibitors data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Corrosion Inhibitors for the period 2018 to 2026

– Planned Corrosion Inhibitors additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Corrosion Inhibitors projects by region, key countries, and companies

– Details of major planned Corrosion Inhibitors projects in the world up to 2026

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