Corrosion Inhibitor Market Analysis By Application (Power Generation, Oil & Gas Refinery, Pulp & Paper, Metal & Mining, Chemical Processing & Desalination Plant), By Functionality (Passivating Inhibitors, Cathodic Inhibitors, Oxygen Scavengers, Precipitation Inhibitors & Volatile Corrosion Inhibitors) , Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: Jan 28, 2016

Key findings

 

The global corrosion inhibitor market is expected to grow at the CAGR of 5% during 2015-2022 and it estimated to be $9.2 billion by 2022. The global corrosion inhibitor market is majorly driven by significant demand in water treatment processes. Huge investment in global corrosion inhibitor market is expected to boost the market in next few years. Rise in patents and investment in Research and development is expected to fuel the global corrosion inhibitor market in near future. Global adoption and new launches of corrosion inhibitor products enable the global corrosion inhibitor market to grow significantly in the next few years. However, among various global corrosion inhibitor applications such as desalination plant market is growing at the highest CAGR of XX% during 2015-2022. The most common reason why companies are entering global corrosion inhibitor business is the growing adoption of non-toxic corrosion inhibitor.

Global adoption of corrosion inhibitor products enable the companies to explore more in the market as a result there is significant rise in patents compared to past. It enables the global corrosion inhibitor market to attract other major players to enter into the market in coming years. Emerging economies such as India, China, Japan and Korea are expected to contribute significantly in the next few years. Moreover, global corrosion inhibitor market by application has highest CAGR XX% during 2015-2022 due to huge adoption.

The global corrosion inhibitor companies such as Ashland Inc, Arkema, Air products and chemical, Akzo Nobel NV, Anticorrosion Protective systems LLC, BASF SE, Champion technologies Inc, Chemtreat Inc, cytec industries Inc, Cortec Corporation, Dow Chemical, GE water and Process Technologies, Halox Inc are constantly focusing on product launch, expansion and partnering the global corrosion inhibitor companies to expand and reach masses. Also with increasing competition in the market companies are focusing on collaboration, expansion and launching of new products.


Market segment insight

 

The application market for global corrosion inhibitor market is segmented on the basis of application, functionality and geography. The major segment in global corrosion inhibitor market is application segment which includes: power generation, oil and gas refinery, pulp and paper, metal and mining, chemical processing, desalination plant and other applications which are adopted significantly due to global rise in adoption of non toxic corrosion inhibitors.


Regional insight

 

Globally, North America dominates the global corrosion inhibitor market with high investments from manufacturers due to growing demand. However, North America is expected to contribute more than 45% market share followed by Europe and APAC. Both the regions are expected to create significant opportunities for the growth of the market during the forecasted years. Growing demand of global corrosion inhibitor products in emerging economies are the major drivers.
Competitive insight
The key players in the global corrosion inhibitor market include as Ashland Inc, Arkema, Air products and chemical, Akzo Nobel NV, Anticorrosion Protective systems LLC, BASF SE. Other companies profiled in the report include , Champion technologies Inc, Chemtreat Inc, cytec industries Inc, Cortec Corporation, Dow Chemical, GE water and Process Technologies, Halox Inc. Product launch is the key strategy adopted in the global corrosion inhibitor market. Also companies are adopting mergers and acquisition as strategy to stay competitive and partnerships to reach masses and explore the global corrosion inhibitor market.


Reasons for buying the report

 

  • This report provides a detailed study of current trends in the global corrosion inhibitor industry, key growth drivers, and restraints.
  • It provides market forecast for the next 7 years (2015-2022) assessed on the basis of market growth.
  • The report also includes analysis of recent technological developments in the global corrosion inhibitor market, analysis of key market players and the key winning strategy adopted and predictive analysis.
  • The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
  • The report tracks and analyse the changing market dynamics.
  • The report also talks about emerging opportunities in the market and the future impact of major drivers and restraints of the market.
  • The report also provides extensive analysis with respect to key product segments.
  • The analysis in the report will help in making effective business decisions.
  • It provides analysis through distinctive graphs and charts and analyses strengths, weakness, opportunities and threats of major market players.

1. METHODOLOGY & SCOPE 10
    1.1. RESEARCH METHODOLOGY 10
    1.2. RESEARCH SCOPE & ASSUMPTIONS 10
    1.3. LIST OF DATA SOURCES 10


2. EXECUTIVE SUMMARY 11
    2.1. GLOBAL CORROSION INHIBITOR MARKET SUMMARY & KEY BUYING CRITERIA 11
    2.2. GLOBAL CORROSION INHIBITOR MARKET OUTLOOK 11


3. MARKET SEGMENTATION 12
    3.1. MARKET SIZE AND GROWTH PROSPECTS 2012-2022 12
    3.2. GLOBAL CORROSION INHIBITOR MARKET VALUE CHAIN ANALYSIS 12
    3.3. VENDOR LANDSCAPE 12


4. GLOBAL CORROSION INHIBITOR MARKET 13
    4.1. MARKET DRIVER ANALYSIS 13
        4.1.1. DEMAND FOR WATER TREATMENT PROCESSES IS ON RISE 13
        4.1.2. RISE IN PREFERENCE FOR NON – TOXIC CORROSION INHIBITORS 13
        4.1.3. HUGE INVESTMENT IN GLOBAL CORROSION INHIBITOR MARKET 13
     4.1.4. RESEARCH AND DEVELOPMENT TO FUEL THE GLOBAL CORROSION INHIBITOR MARKET 13
    4.2. MARKET RESTRAINT ANALYSIS 13
        4.2.1. RISING RAW MATERIAL COSTS TO AFFECT MARKET 13
        4.2.2. ENVIRONMENTAL CONCERNS ON RISE 13
       4.3.1. UNTAPPED APAC REGION HAS HUGE SCOPE FOR GLOBAL CORROSION INHIBITOR MARKET 13
        4.3.2. HUGE SCOPE IN DEVELOPED AND DEVELOPING ECONOMIES 13


5. INDUSTRY ANALYSIS – PORTER’S 14
    5.1. GLOBAL CORROSION INHIBITOR MARKET– PESTEL ANALYSIS 14


6. GLOBAL CORROSION INHIBITOR MARKET BY APPLICATION 2012-2022 ($ BILLION) 15
    6.1. POWER GENERATION MARKET 2012-2022 ($ BILLION) 15
    6.2. OIL & GAS REFINERY MARKET 2012-2022 ($ BILLION) 15
    6.3. PULP & PAPER MARKET 2012-2022 ($ BILLION) 15
    6.4. METAL & MINING MARKET 2012-2022 ($ BILLION) 15
    6.5. CHEMICAL PROCESSING MARKET 2012-2022 ($ BILLION) 15
    6.6. DESALINATION PLANT MARKET 2012-2022 ($ BILLION) 15
    6.7. OTHER APPLICATIONS MARKET 2012-2022 ($ BILLION) 15


7. GLOBAL CORROSION INHIBITOR MARKET BY FUNCTIONALITY 2012-2022 ($ BILLION) 16
    7.1. PASSIVATING INHIBITORS MARKET 2012-2022 ($ BILLION) 16
    7.2. CATHODIC INHIBITORS MARKET 2012-2022 ($ BILLION) 16
    7.3. OXYGEN SCAVENGERS MARKET 2012-2022 ($ BILLION) 16
    7.4. PRECIPITATION INHIBITORS MARKET 2012-2022 ($ BILLION) 16
    7.5. VOLATILE CORROSION INHIBITORS MARKET 2012-2022 ($ BILLION) 16


8. GLOBAL CORROSION INHIBITOR MARKET, REGIONAL OUTLOOK 2012-2022 ($ BILLION) 17
    8.1. GLOBAL CORROSION INHIBITOR MARKET BY REGION 2012-2022 ($ BILLION) 17
    8.2. NORTH AMERICA 17
        8.2.1. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 17
      8.2.2. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 17
       8.2.3. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 17
            8.2.3.1. US 17
                8.2.3.1.1. US MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 17
            8.2.3.1.2. US MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 17
            8.2.3.2. CANADA 17
                8.2.3.2.1. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 17
              8.2.3.2.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 17
            8.2.3.3. MEXICO 17
                8.2.3.3.1. MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 17
               8.2.3.3.2. MEXICO MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 17
            8.2.3.4. EUROPE 17
         8.2.4. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
         8.2.5. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 18
     8.2.6. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
             8.2.6.1. GERMANY 18
                 8.2.6.1.1. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
                 8.2.6.1.2. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
            8.2.6.2. UK 18
                8.2.6.2.1. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
          8.2.6.2.2. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
            8.2.6.3. RUSSIA 18
                8.2.6.3.1. RUSSIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
               8.2.6.3.2. RUSSIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
            8.2.6.4. ASIA PACIFIC 18
         8.2.7. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
     8.2.8. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ BILLION) 18
        8.2.9. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
            8.2.9.1. CHINA 18
                8.2.9.1.1. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 18
              8.2.9.1.2. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 18
           8.2.9.2. INDIA 19
               8.2.9.2.1. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
              8.2.9.2.2. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
            8.2.9.3. SOUTH KOREA 19
            8.2.9.3.1. SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
               8.2.9.3.2. SOUTH KOREA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
                8.2.9.4. MIDDLE EAST & AFRICA 19
                   8.2.9.4.1. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
             8.2.9.4.2. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
    8.3. CENTRAL & SOUTH AMERICA 19
       8.3.1. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
        8.3.2. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19
            8.3.2.1. BRAZIL 19
                8.3.2.1.1. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 19
               8.3.2.1.2. BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ BILLION) 19


9. COMPETITIVE LANDSCAPE 20
    9.1. AIR PRODUCTS AND CHEMICALS INC. 21
        9.1.1. COMPANY OVERVIEW 21
        9.1.2. FINANCIAL PERFORMANCE 21
        9.1.3. PRODUCT BENCHMARKING 21
        9.1.4. STRATEGIC INITIATIVES 21
    9.2. AKZO NOBEL NV 21
        9.2.1. COMPANY OVERVIEW 21
        9.2.2. FINANCIAL PERFORMANCE 21
        9.2.3. PRODUCT BENCHMARKING 21
        9.2.4. STRATEGIC INITIATIVES 21
    9.3. ASHLAND INC. 21
        9.3.1. COMPANY OVERVIEW 21
        9.3.2. FINANCIAL PERFORMANCE 21
        9.3.3. PRODUCT BENCHMARKING 21
        9.3.4. STRATEGIC INITIATIVES 21
    9.4. ANTICORROSION PROTECTIVE SYSTEMS LLC 21
        9.4.1. COMPANY OVERVIEW 21
        9.4.2. FINANCIAL PERFORMANCE 21
        9.4.3. PRODUCT BENCHMARKING 21
        9.4.4. STRATEGIC INITIATIVES 21
    9.5. BASF SE 21
        9.5.1. COMPANY OVERVIEW 21
        9.5.2. FINANCIAL PERFORMANCE 21
        9.5.3. PRODUCT BENCHMARKING 21
        9.5.4. STRATEGIC INITIATIVES 21
    9.6. CHAMPION TECHNOLOGIES INC. 21
        9.6.1. COMPANY OVERVIEW 21
        9.6.2. FINANCIAL PERFORMANCE 22
        9.6.3. PRODUCT BENCHMARKING 22
        9.6.4. STRATEGIC INITIATIVES 22
    9.7. CHEMTREAT INC. 22
        9.7.1. COMPANY OVERVIEW 22
        9.7.2. FINANCIAL PERFORMANCE 22
        9.7.3. PRODUCT BENCHMARKING 22
        9.7.4. STRATEGIC INITIATIVES 22
    9.8. CYTEC INDUSTRIES INC. 22
        9.8.1. COMPANY OVERVIEW 22
        9.8.2. FINANCIAL PERFORMANCE 22
        9.8.3. PRODUCT BENCHMARKING 22
        9.8.4. STRATEGIC INITIATIVES 22
    9.9. CORTEC CORPORATION 22
        9.9.1. COMPANY OVERVIEW 22
        9.9.2. FINANCIAL PERFORMANCE 22
        9.9.3. PRODUCT BENCHMARKING 22
        9.9.4. STRATEGIC INITIATIVES 22
    9.10. DAI-ICHI KARKARIA LTD. 22
        9.10.1. COMPANY OVERVIEW 22
        9.10.2. FINANCIAL PERFORMANCE 22
        9.10.3. PRODUCT BENCHMARKING 22
        9.10.4. STRATEGIC INITIATIVES 22
    9.11. DAUBERT CROMWELL LLC 22
        9.11.1. COMPANY OVERVIEW 22
        9.11.2. FINANCIAL PERFORMANCE 22
        9.11.3. PRODUCT BENCHMARKING 22
        9.11.4. STRATEGIC INITIATIVES 22
    9.12. DOW CHEMICAL COMPANY 23
        9.12.1. COMPANY OVERVIEW 23
        9.12.2. FINANCIAL PERFORMANCE 23
        9.12.3. PRODUCT BENCHMARKING 23
        9.12.4. STRATEGIC INITIATIVES 23
    9.13. GE WATER AND PROCESS TECHNOLOGIES 23
        9.13.1. COMPANY OVERVIEW 23
        9.13.2. FINANCIAL PERFORMANCE 23
        9.13.3. PRODUCT BENCHMARKING 23
        9.13.4. STRATEGIC INITIATIVES 23
    9.14. HALOX INC 23
        9.14.1. COMPANY OVERVIEW 23
        9.14.2. FINANCIAL PERFORMANCE 23
        9.14.3. PRODUCT BENCHMARKING 23
        9.14.4. STRATEGIC INITIATIVES 23
    9.15. HENKEL AG & CO. 23
        9.15.1. COMPANY OVERVIEW 23
        9.15.2. FINANCIAL PERFORMANCE 23
        9.15.3. PRODUCT BENCHMARKING 23
        9.15.4. STRATEGIC INITIATIVES 23
    9.16. INSITUFORM TECHNOLOGIES INC. 23
        9.16.1. COMPANY OVERVIEW 23
        9.16.2. FINANCIAL PERFORMANCE 23
        9.16.3. PRODUCT BENCHMARKING 23
        9.16.4. STRATEGIC INITIATIVES 23

TABLE # 1 GLOBAL CORROSION INHIBITOR MARKET BY APPLICATION 2012-2022 ($ BILLION) 24
TABLE # 2 POWER GENERATION MARKET 2012-2022 ($ BILLION) 24
TABLE # 3 OIL & GAS REFINERY MARKET 2012-2022 ($ BILLION) 24
TABLE # 4 PULP & PAPER MARKET 2012-2022 ($ BILLION) 24
TABLE # 5 METAL & MINING MARKET 2012-2022 ($ BILLION) 24
TABLE # 6 CHEMICAL PROCESSING MARKET 2012-2022 ($ BILLION) 24
TABLE # 7 DESALINATION PLANT MARKET 2012-2022 ($ BILLION) 24
TABLE # 8 OTHER APPLICATIONS MARKET 2012-2022 ($ BILLION) 24
TABLE # 9 24
TABLE # 10 GLOBAL CORROSION INHIBITOR MARKET BY FUNCTIONALITY 2012-2022 ($ BILLION) 24
TABLE # 11 PASSIVATING INHIBITORS MARKET 2012-2022 ($ BILLION) 24
TABLE # 12 CATHODIC INHIBITORS MARKET 2012-2022 ($ BILLION) 24
TABLE # 13 OXYGEN SCAVENGERS MARKET 2012-2022 ($ BILLION) 24
TABLE # 14 PRECIPITATION INHIBITORS MARKET 2012-2022 ($ BILLION) 24
TABLE # 15 VOLATILE CORROSION INHIBITORS MARKET 2012-2022 ($ BILLION) 24

FIGURE # 1 GLOBAL CORROSION INHIBITOR MARKET SHARE 2012-2022 ($ BILLION) 24
FIGURE # 2 MARKET SHARE BY REGIONS 24
FIGURE # 3 UNITED STATES MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
FIGURE # 4 CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
FIGURE # 5 MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
FIGURE # 6 UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 24
FIGURE # 7 FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 8 GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 9 APAC MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 10 CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 11 INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 12 MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 13 CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25
FIGURE # 14 BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ BILLION) 25

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