Corrosion Inhibitors Market Size Worth USD 17.67 Billion in 2032 | Emergen Research

The global corrosion inhibitors market size is expected to reach USD 17.67 Billion in 2032 and register a steady revenue CAGR of 5.0% over the forecast period, according to the latest analysis by Emergen Research. Stringent regulations on the use of corrosion inhibitors in various industries is a key factor driving market revenue growth. The implementation of these regulations aims to protect both human health and the environment while ensuring safety of products and systems that utilize corrosion inhibitors. The water treatment industry faces strict regulations, leading to rising demand for corrosion inhibitors due to potential impact of corrosion on the quality of drinking water. For instance, on 15 January 2021, Environmental and Protection agency (EPA) released the 'National Primary Drinking Water Regulation: Lead and Copper Rule Revisions' in the Federal Register.

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Some Key Highlights From the Report

• The organic corrosion inhibitors segment is expected to account for largest revenue share in the global corrosion inhibitors market during the forecast period. The segment is further sub-segmented into amines, fatty acid, polyamines and imidazolines. This is due to increasing use of organic corrosion inhibitors in various industries due to their effectiveness across a wide range of temperatures, compatibility with the materials these inhibitors protect, good solubility in water, low expenses, and relatively low toxicity. These inhibitors adhere to the metal surface, forming a protective film that displaces water and shields it from deterioration. Effective organic corrosion inhibitors contain elements such as nitrogen, oxygen, sulfur, and phosphorus, which possess lone electron pairs. In addition, these may incorporate structural moieties with π-electrons that interact with the metal, facilitating the adsorption process.

• The water-based corrosion inhibitors segment is expected to register steadily fast revenue growth rate in the global corrosion inhibitors market over the forecast period. This is because water-soluble corrosion inhibitors surpass oil-based ones in terms of effectiveness and have an extended treatment life and effectively prevent scale formation. In addition, these exhibit lower toxicity compared to their oil-soluble counterparts, resulting in no adverse side effects. Besides their efficacy, water-soluble corrosion inhibitors offer longer service life when compared to oil-soluble variants. In comparison to other types of corrosion inhibitors, the water-soluble ones present several advantages, including reduced toxicity and biodegradability. Moreover, these are also environment-friendly and compatible with various materials, making them a versatile choice for different applications. These characteristics, especially their biodegradability and low ecotoxicity, make them highly suitable for various uses, including in the oil industry, where compatibility with oil-soluble additives is crucial.

Major Players/Manufacturers profiled in the report are:

Nouryon, Dow, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, DuPont de Nemours, Inc., and Baker Hughes, a GE company LLC

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Global Corrosion Inhibitors Market Report - Segmental Analysis:

• Compound Outlook (Revenue, USD Billion; 2019-2032)
o Organic Corrosion Inhibitors
1. Amines
2. Fatty Acids
3. Polyamines
4. Imidazolines
o Inorganic Corrosion Inhibitors
1. Zinc-based Inhibitors
2. Phosphate-based Inhibitors
3. Molybdate-based Inhibitors
4. Silicate-based Inhibitors
o Hybrid Corrosion Inhibitors

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Water-based corrosion inhibitors
o Oil-based corrosion inhibitors
o Volatile Corrosion inhibitors

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Water Treatment
1. Cooling Water Systems
2. Boiler Systems
3. Desalination Plants
o Process and product additives
1. Upstream (Exploration & Production)
2. Midstream (Pipelines & Transportation)
3. Downstream (Refining & Petrochemicals)
o Industrial & Institutional Cleaning
1. Hard Surface Cleaners
2. Vehicle Wash Solutions
3. Floor Cleaners
4. Industrial Degreasers
5. Others
o Power Generation
o Metal Processing
o Pulp & Paper
o Chemical Processing
o Others (Automotive, Aerospace, Marine, etc.)

Key Geographies Profiled in the Report:

• North America(the U.S., Mexico, and Canada)

• Asia Pacific(China, Japan, India, and Rest of Asia Pacific)

• Europe(the U.K., France, Germany, and Rest of Europe)

• Latin America(Brazil and Rest of Latin America)

• Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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