United States Corrosion Inhibitors Market Size/Share To Surpass USD 11.33 billion by 2030: Exactitude Consultancy
Protecting Assets: Exploring Corrosion Inhibitors for Enhanced Durability, Safety, and Longevity Across Various Industries
LUTON, BEDFORDSHIRE, UNITED KINGDOM, April 26, 2024 /EINPresswire.com/ -- ๐๐๐ญ๐๐ฉ๐ฎ๐ฅ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ ๐ ๐จ๐ซ๐, ๐๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐
The Latest Research report on โglobal Corrosion Inhibitors Market Report 2023 โ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ, ๐๐๐ญ๐๐ฌ๐ญ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐จ ๐๐๐๐โ offers strategic visions into the global Corrosion Inhibitors market along with the market size (๐๐จ๐ฅ๐ฎ๐ฆ๐ โ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ง๐ข๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ง๐ฎ๐ โ ๐๐$ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง) and estimates for the duration 2023 to 2029. The growth in the market can be attributed to the development of biobased and more eco-friendly corrosion inhibitors. A gradual shift toward the development of environment-friendly corrosion inhibitors may potentially lead the market toward sustainable development and increase the acceptance of corrosion inhibitors among sustainable end users. A corrosion inhibitor functions by creating a barrier over the coated surface and preventing it from moisture, which is primarily the primary cause of erosion. The mechanisms of organic products include interfacial activity, anodic activity, cathodic activity, barrier activity, and adsorption activity.
The global corrosion inhibitors market size is projected to reach USD 11.33 billion by 2030 from USD 7.5 billion in 2023, at a CAGR of 4.7% from forecasted year 2023-2030.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ
https://exactitudeconsultancy.com/reports/4577/corrosion-inhibitors-market/#request-a-sample
Increasing Industrialization in Developing Economies to encourage Corrosion Inhibitors Adoption
Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to undergo infrastructural development and boost industrial activities for the growth of their economies. Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the forthcoming years.
Increasing Demand for Treated Water in various End-Use Segments
Freshwater resources account for only 2.5% of the total water resources globally, which makes the supply of water for industrial and domestic consumption a tough challenge. The widening gap between the demand and supply of water makes it necessary to efficiently recycle it, which can be undertaken by treating it.
The corrosion inhibitor market is rapidly growing in water treatment sectors across the globe. Industrial manufacturers are the largest customers for corrosion inhibitors and seeking more effective inhibitors that will reduce downtime for equipment repair.
Need for eco-friendly Formulations to restrain Corrosion Inhibitors Uptake
Stringent environmental legislation are the primary factors inhibiting the growth of the corrosion inhibitor market. The growing concern of chemicals having an impact on the environment and health has led to stringent regulatory constraints for corrosion inhibitors manufacturers.
This influences the manufacturers to opt for non-toxic alternatives. The property of the non-toxic corrosion inhibitors formulations to perform under severe conditions makes it difficult for the manufacturers to provide a replacement for standard formulations.
Some of the important players in Corrosion Inhibitors market are:
BASF, Ecolab, GE, and Ashland accounting for less than half of the entire market share. DuPont, Dow, AkzoNobel, Champion Technologies, Daubert, Lubrizol, Eastman, Cytec, Dai-Ichi, Henkel, Halox, and Cortec and other.
Corrosion Inhibitors Market Segmentation:
This research report categorizes the Corrosion Inhibitors market into the following segments and subsegments:
Corrosion Inhibitors Market By Product, 2020-2030, (USD Million) (Kilotons)
Organic
Inorganic
Corrosion Inhibitors Market By Application, 2020-2030, (USD Million) (Kilotons)
Water Based
Oil/Solvent Based
Corrosion Inhibitors Market By End Use, 2020-2030, (USD Million) (Kilotons)
Power Generation
Oil & Gas
Pulp & Paper
Metals Processing
Chemicals
๐๐ก๐ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐๐ง๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ญ๐ข๐ฅ๐ฅ ๐๐๐๐ ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐ญ๐ก๐ ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ฌ๐ฎ๐-๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐ก๐๐ฏ๐ ๐๐ฅ๐ฌ๐จ ๐๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ.
๐๐๐ ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐จ๐ฌ๐๐ ๐๐ซ๐: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ ๐๐ซ๐๐๐ค-๐๐ฉ: u. s., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Nigeria, Tunisia, Morocco, Germany, uk (UK), Holland, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, China, Japan, Taiwan, South Korea, Singapore, India and Australia etc.
Asia Pacific held the largest market share of 36.3% in 2020 and is projected to be one of the fastest-growing markets in the near future. The growth in the market can be attributed to rapid industrialization in the region, which has triggered the demand from the power generation and several other end-use industries as well. The growing chemical and metalworking sectors in developing economies of the region, including India and China, are also projected to contribute significantly to the market in the near future.
Europe is one of the prominent consumers of corrosion inhibitors owing to the massive consumption of water for industrial sectors such as sugar and ethanol and petrochemical manufacturing. Water treatment issues in Europe hold a vital role in having a direct impact on the corrosion control operations, coupled with maintaining the operational integrity of heat transfer equipment and reducing the adverse effect on the energy efficiency of process units.
๐๐ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ค๐ง๐จ๐ฐ ๐ฆ๐จ๐ซ๐: https://exactitudeconsultancy.com/reports/4577/corrosion-inhibitors-market/
๐๐ง๐๐ฅ๐ฎ๐๐ง๐๐ ๐จ๐ ๐ญ๐ก๐ Corrosion Inhibitors ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โ Comprehensive assessment of all opportunities and risk in the Corrosion Inhibitors market.
โ Corrosion Inhibitors market recent innovations and major events.
โ Detailed study of business approaches for the growth of the market-leading players.
โ Conclusive study about the expansion plot of the market for forthcoming years.
โ In-depth understanding of market-specific drivers, constraints and major mini-markets.
โ Favorable impression inside vital technological and market latest trends striking the Corrosion Inhibitors market.
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
(1) What was the size of the global Corrosion Inhibitors market in 2022?
(2) What is the expected growth rate of the global Corrosion Inhibitors market during 2023-2028?
(3) What are the key factors driving the global Corrosion Inhibitors market?
(4) What has been the impact of COVID-19 on the global Corrosion Inhibitors market?
(5) What are the key regions in the global Corrosion Inhibitors market?
(6) Who are the key players/companies in the global Corrosion Inhibitors market?
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฉ๐-
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๐๐ง๐ช๐ฎ๐ข๐ซ๐:
Irfan T
Exactitude Consultancy
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