#Corrosion Inhibitors Market Share
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marketanalysisdata · 1 month ago
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Corrosion Inhibitors Market 2027 Outlook, Regions, Size Estimation and Upcoming Trend
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. This anticipated growth is primarily driven by advancements in biobased and eco-friendly corrosion inhibitors, which align with the market's shift toward sustainability. Such a shift is expected to foster increased acceptance of corrosion inhibitors among eco-conscious industries. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture a key factor in corrosion from reaching the underlying material.
The mechanisms through which organic corrosion inhibitors operate include interfacial activity, anodic and cathodic activity, barrier activity, and adsorption activity. In contrast, inorganic corrosion inhibitors function via mechanisms such as anodic and cathodic passivation, anion exchange, and saponification. Research and development have been crucial in advancing corrosion mitigation technologies, and innovation in this area has led to numerous product improvements, as manufacturers have heavily invested in R&D to enhance product performance.
However, in the U.S., the corrosion inhibitors market has been influenced by regulatory standards regarding product toxicity. While phosphate-based corrosion inhibitors are widely used in water systems, their application is regulated due to concerns regarding environmental and wastewater treatment impacts, as well as reactions with aluminum.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Regional Insights:
Asia Pacific Corrosion Inhibitors Market Trends
In 2019, the Asia Pacific region dominated the global market with a 36.3% share and is expected to be one of the fastest-growing regions in the coming years. This growth is attributed to rapid industrialization, which has increased demand from power generation and various other industries. Developing economies in Asia, such as India and China, are also seeing rising demand in the chemical and metalworking sectors, which further supports market growth.
Europe Corrosion Inhibitors Market Trends
In Europe, the market for corrosion inhibitors is strong due to significant water consumption in industries like sugar, ethanol, and petrochemical production. Effective water treatment is essential to support corrosion control in Europe, helping to preserve the operational integrity of heat transfer systems and improve the energy efficiency of process units.
Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.
The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.
The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.
Key Companies & Market Share Insights
The market for corrosion inhibitors is highly fragmented, with a large number of companies competing to meet the high demand from end-users. Key industry players focus on customized production, leveraging advanced technologies and implementing strategic measures, such as long-term agreements and mergers, to expand their market presence and increase revenue. Many manufacturers have integrated their operations across the value chain to enhance efficiency. For example, Arkema has achieved backward integration by using renewable raw materials in its production processes, while The Lubrizol Corporation is forward integrated, using its corrosion inhibitors in the formulation of its fuel additives, such as PowerZol 9548A. Cortec Corporation produces a range of high-strength release components and coating products, utilizing its proprietary Migratory Corrosion Inhibitors (MCIs). Additionally, SUEZ supplies corrosion inhibitors for various water treatment projects, showcasing the diverse applications and market reach of these companies.
This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.
Key Corrosion Inhibitors Companies
Nouryon
Cortec Corporation
Ashland
Ecolab
Henkel Ibérica, S.A.
The Lubrizol Company
BASF SE
Dow
DuPont de Nemours, Inc.
Baker Hughes, a GE company LLC
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 1 month ago
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Corrosion Inhibitors Industry Development Trends Report By 2027
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. This anticipated growth is primarily driven by advancements in biobased and eco-friendly corrosion inhibitors, which align with the market's shift toward sustainability. Such a shift is expected to foster increased acceptance of corrosion inhibitors among eco-conscious industries. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture a key factor in corrosion from reaching the underlying material.
The mechanisms through which organic corrosion inhibitors operate include interfacial activity, anodic and cathodic activity, barrier activity, and adsorption activity. In contrast, inorganic corrosion inhibitors function via mechanisms such as anodic and cathodic passivation, anion exchange, and saponification. Research and development have been crucial in advancing corrosion mitigation technologies, and innovation in this area has led to numerous product improvements, as manufacturers have heavily invested in R&D to enhance product performance.
However, in the U.S., the corrosion inhibitors market has been influenced by regulatory standards regarding product toxicity. While phosphate-based corrosion inhibitors are widely used in water systems, their application is regulated due to concerns regarding environmental and wastewater treatment impacts, as well as reactions with aluminum.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Regional Insights:
Asia Pacific Corrosion Inhibitors Market Trends
In 2019, the Asia Pacific region dominated the global market with a 36.3% share and is expected to be one of the fastest-growing regions in the coming years. This growth is attributed to rapid industrialization, which has increased demand from power generation and various other industries. Developing economies in Asia, such as India and China, are also seeing rising demand in the chemical and metalworking sectors, which further supports market growth.
Europe Corrosion Inhibitors Market Trends
In Europe, the market for corrosion inhibitors is strong due to significant water consumption in industries like sugar, ethanol, and petrochemical production. Effective water treatment is essential to support corrosion control in Europe, helping to preserve the operational integrity of heat transfer systems and improve the energy efficiency of process units.
Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.
The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.
The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.
Key Companies & Market Share Insights
The market for corrosion inhibitors is highly fragmented, with a large number of companies competing to meet the high demand from end-users. Key industry players focus on customized production, leveraging advanced technologies and implementing strategic measures, such as long-term agreements and mergers, to expand their market presence and increase revenue. Many manufacturers have integrated their operations across the value chain to enhance efficiency. For example, Arkema has achieved backward integration by using renewable raw materials in its production processes, while The Lubrizol Corporation is forward integrated, using its corrosion inhibitors in the formulation of its fuel additives, such as PowerZol 9548A. Cortec Corporation produces a range of high-strength release components and coating products, utilizing its proprietary Migratory Corrosion Inhibitors (MCIs). Additionally, SUEZ supplies corrosion inhibitors for various water treatment projects, showcasing the diverse applications and market reach of these companies.
This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.
Key Corrosion Inhibitors Companies
Nouryon
Cortec Corporation
Ashland
Ecolab
Henkel Ibérica, S.A.
The Lubrizol Company
BASF SE
Dow
DuPont de Nemours, Inc.
Baker Hughes, a GE company LLC
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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industrynewsupdates · 2 months ago
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Corrosion Inhibitors Market Key Companies and Emerging Trends, 2027
The global corrosion inhibitors market size was valued at USD 7.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) 3.8% from 2020 to 2027. 
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.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Detailed Segmentation:
Product Insights
The organic segment held largest market share of 73.8% in 2019. In recent years, there has been significant development concerning bio-based corrosion inhibitors. These are low in cost, have low toxicity, and are readily available organic compounds, which are obtained from plant extracts such as aromatic herbs, spices, and medicinal plants. Generally, bio-based corrosion inhibitors have aromatic structures with long aliphatic chains and free electron pairs. For instance, Delonix regia and rosemary leaves prevent the deterioration of aluminum metal, while natural honey inhibits corrosion of copper. The factors mentioned above are estimated to drive segment growth over the forecast period.
Type Insights
The water-based segment held the largest market share of 56.2% in 2019. Water-based corrosion inhibitors are readily soluble in water and are usually sold in solid form. They form a protective layer on the metal surface by altering the physical characteristics of the surface to resist oxidation of the metallic surface, thereby offering rust protection. Moreover, they are cost-effective, form transparent coating after drying, and can be easily applied by using spray, immersion, or brush before subsequent operations.
End-use Insights
The oil and gas segment held the largest market share of 33.1% in 2019. This is attributed to the rising number of internal corrosion problems in pipelines, refineries, and petrochemical plants. The corrosion inhibitors market is gaining popularity in the power generation sector in the developing economies of the Asia Pacific region due to rapid urbanization and industrialization. In power plants, erosion has been one of the significant factors that lead to critical downtime. The steam circuits in nuclear, thermal, and hydropower plants are susceptible to deterioration as the metal components are always in contact with water. To ensure effective power generation, most power plants monitor parameters such as pH value, conductivity, and the presence of corroding anions and cations, which indicate the corrosion rate. Also, they ensure the adequate presence of corrosion inhibitors such as phosphonates, phosphate, and zinc (for steel) and triazoles (for copper).
Regional Insights
Asia Pacific held the largest market share of 36.3% in 2019 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.
Browse through Grand View Research's Organic Chemicals Industry Research Reports.
• The global caprolactam market was valued at USD 15.3 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
• The global potting compounds market size was estimated at USD 33,275.20 million in 2023 and is projected to grow at a CAGR of 3.2% in terms of revenue from 2024 to 2030.
Key Companies & Market Share Insights
The competitive landscape of the market is highly fragmented in nature, with the presence of a large number of key players coupled with high demand from end-users. Key players are concentrating on customized production by using advanced technology and adopting new strategic initiatives such as long-term agreements and mergers to strengthen their base and generate more revenue in the near future. Manufacturers involved in the market are integrated across the value chain. For instance, Arkema is integrated backward by using renewable raw materials for production. On the contrary, The Lubrizol Corporation is forward integrated. The company manufactures fuel additives by using its corrosion inhibitors in the formulation of the product (PowerZol 9548A). Cortec Corporation manufactures several strength-release components and coating products by using their Migratory Corrosion Inhibitors (MCIs). In addition, SUEZ supplies its corrosion inhibitors for several water treatment projects. Some of the prominent players operating in the corrosion inhibitors market include:
• Nouryon
• Cortec Corporation
• Ashland
• Ecolab
• Henkel Ibérica, S.A.
• The Lubrizol Company
• BASF SE
• Dow
• DuPont de Nemours, Inc.
• Baker Hughes, a GE company LLC
Corrosion Inhibitors Market Segmentation
Grand View Research has segmented the global corrosion inhibitors market on the basis of product, type, end use, and region:
• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Organic
• Inorganic
• Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Water Based
• Oil Based
• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Power Generation
• Oil & Gas
• Paper & Pulp
• Metal Processing
• Chemical Processing
• Water Treatment
• Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• North America
o The U.S
o Canada
o Mexico
• Europe
o Germany
o The U.K.
o France
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Iran
o Iraq
o Kuwait
o Oman
o Bahrain
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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biosimulates · 3 months ago
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karan777 · 5 months ago
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pravalika · 1 year ago
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Engine Oil Additives Market - Forecast (2023 - 2028)
Global engine oil additives market is valued 10,853$ million in the year 2017 and is anticipated to grow at a CAGR of 3.2% during the forecast period 2018-2023.
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market-trend · 2 days ago
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happilysporadicbeliever · 25 days ago
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chemanalystdata · 1 month ago
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Dimethylaminopropylamine (DMAPA) Price | Prices | Pricing | News | Database | Chart
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 Dimethylaminopropylamine (DMAPA) is a versatile chemical compound extensively used in various industrial applications, particularly in the production of personal care products, surfactants, and corrosion inhibitors. Understanding the dynamics of DMAPA pricing is crucial for industries that depend on it as a raw material, as fluctuations in its price can have a significant impact on overall production costs and profitability. The pricing of DMAPA is influenced by a combination of factors, including raw material costs, supply-demand balance, market competition, and regulatory considerations. As a derivative of propylene, the price of DMAPA is highly correlated with that of propylene, which serves as a key precursor. Consequently, changes in the cost of propylene, driven by fluctuations in crude oil prices, global supply chain disruptions, or variations in petrochemical production, can significantly affect DMAPA prices.
One of the key factors that influence the price of DMAPA is the availability of raw materials and their associated costs. As a derivative of propylene, DMAPA’s production cost is influenced by propylene prices, which are themselves subject to fluctuations based on crude oil markets and refinery operations. When there are disruptions in crude oil supply, prices may surge, leading to increased production costs for propylene derivatives, including DMAPA. Conversely, a decline in crude oil prices generally exerts downward pressure on propylene and subsequently on DMAPA prices. Another important consideration is the manufacturing cost of DMAPA itself, which is influenced by production efficiency and scale, as well as energy and labor costs. Producers who operate large-scale manufacturing facilities may have a cost advantage and can pass on savings to their customers.
Get Real Time Prices for Dimethylaminopropylamine (DMAPA) : https://www.chemanalyst.com/Pricing-data/dimethylaminopropylamine-dmapa-1610Global supply and demand dynamics also play a major role in determining DMAPA prices. In recent years, demand for DMAPA has been on the rise due to its use in applications such as personal care products, surfactants, agrochemicals, and water treatment chemicals. The personal care industry, in particular, has shown strong growth, driven by consumer demand for cosmetics, hair care, and skincare products. This has created a steady demand for DMAPA as an ingredient in formulations. Additionally, its use in fabric softeners, industrial cleaning agents, and epoxy curing agents further bolsters its market demand. Supply disruptions, whether due to natural disasters, geopolitical tensions, or maintenance shutdowns at production facilities, can significantly impact the availability of DMAPA, leading to price volatility. When demand outpaces supply, prices are likely to spike, while an oversupply situation can lead to a reduction in prices.
The competitive landscape of the DMAPA market also plays a critical role in influencing prices. The market comprises a mix of major global manufacturers and smaller regional producers. Large players typically have the advantage of economies of scale, robust distribution networks, and advanced production technologies. These advantages enable them to produce DMAPA more cost-effectively and potentially offer more competitive pricing. However, smaller regional players may differentiate themselves through localized production, offering quicker turnaround times and potentially lower transportation costs for nearby customers. This mix of competition can lead to varying pricing strategies across different regions. Price competition is particularly noticeable when there is a surplus in production capacity, leading to downward pressure on prices as suppliers compete for market share.
Regulatory developments also impact DMAPA pricing by affecting production and compliance costs. The chemical industry is subject to strict regulations related to environmental protection, worker safety, and product quality standards. Compliance with these regulations often involves additional costs related to waste disposal, emission control, worker training, and safety measures. Any changes or tightening of regulations can further influence the cost of DMAPA production, thereby affecting market prices. Conversely, regulatory incentives for adopting more sustainable production methods or reducing environmental impact may lead to innovations that reduce overall costs.
The pricing trends for DMAPA can be influenced by global trade dynamics, including tariffs, import-export restrictions, and trade agreements. Countries that produce DMAPA and its precursors may impose tariffs on exports to protect domestic industries or respond to geopolitical concerns. Such actions can create price volatility, especially in regions that are heavily reliant on imports. On the other hand, favorable trade agreements between key producing and consuming regions can lead to a more stable supply and favorable pricing.
Technological advancements and production innovations also play a part in influencing DMAPA prices. New manufacturing processes that improve yield, reduce energy consumption, or minimize by-product formation can lead to cost savings for producers, which may ultimately be reflected in market prices. Additionally, the adoption of more sustainable and environmentally friendly production methods can lead to changes in pricing, as customers and regulatory bodies increasingly prioritize green chemistry solutions. Companies investing in research and development to improve production efficiencies are likely to gain a competitive edge by offering lower-cost DMAPA.
Macroeconomic factors such as inflation, currency exchange rates, and overall economic growth can also influence DMAPA prices. Inflation leads to higher input costs across the board, from raw materials to labor, potentially raising production costs. Fluctuations in currency exchange rates can affect the pricing of imports and exports, particularly in countries that rely on importing DMAPA or its key inputs. A strong economy generally boosts industrial and consumer demand for products that use DMAPA, contributing to increased demand and potentially higher prices. Conversely, during periods of economic downturn, demand may weaken, leading to price declines.
In summary, DMAPA prices are subject to a complex interplay of factors, including raw material costs, supply-demand dynamics, market competition, regulatory frameworks, and macroeconomic conditions. The interaction of these elements determines the cost of production, market supply levels, and overall price trends in both domestic and international markets. Stakeholders in industries that depend on DMAPA must stay informed of these factors to optimize their procurement strategies and maintain competitive pricing structures.
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latestmarketresearchnews · 2 months ago
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Corrosion Inhibitors Market Outlook, Share, Opportunities and Forecast to 2027
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. The market growth is largely driven by the development of biobased and environmentally friendly corrosion inhibitors. As sustainability becomes a priority across industries, there is a shift towards eco-friendly corrosion inhibitors, which is expected to boost market adoption among industries focused on sustainable practices. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture penetration and thereby reducing corrosion, a common form of material degradation. The mechanisms through which organic and inorganic corrosion inhibitors operate vary significantly.
Gather more insights about the market drivers, restrains and growth of the corrosion inhibitors market
Organic corrosion inhibitors create protection by using interfacial, anodic, cathodic, barrier, and adsorption activities, while inorganic inhibitors work through processes such as anodic and cathodic passivation, anion exchange, and saponification. Research and development in corrosion control technology have been instrumental in advancing these inhibitor products, with many manufacturers focused on innovation to enhance product performance. These R&D efforts are resulting in new products that better resist environmental stresses and perform efficiently under challenging conditions.
The rising costs associated with corrosion, combined with regulatory measures from the U.S. government regarding the toxicity of certain inhibitors, particularly in water systems, impact market dynamics. While phosphate-based corrosion inhibitors are common in the U.S., their application is restricted in some areas due to environmental concerns, particularly regarding their effects on wastewater treatment facilities and potential reactions with metals like aluminum.
End-use Segmentation Insights:
In 2019, the oil and gas sector held the largest market share at 33.1%, driven by the prevalence of internal corrosion issues in pipelines, refineries, and petrochemical plants. As these facilities often operate in high-moisture environments, corrosion inhibitors are essential for protecting infrastructure from degradation, ensuring equipment longevity, and minimizing costly downtime. The power generation sector is also a growing market for corrosion inhibitors, particularly in Asia Pacific, where rapid urbanization and industrial expansion are underway. Power plants face significant corrosion challenges, as components in steam circuits are constantly exposed to water and other corroding agents. Effective corrosion control in these plants involves monitoring pH, conductivity, and the presence of corroding ions, while also using specific corrosion inhibitors like phosphonates, phosphates, and zinc for steel, and triazoles for copper.
Additionally, the pulp and paper industry faces extreme corrosive conditions, especially in equipment like digesters, recovery boilers, bleachers, evaporators, papermaking machines, and storage tanks. These components are frequently exposed to air, water, and organic contaminants, increasing their susceptibility to corrosion. The bleaching process used to whiten pulp generates wastewater that contains chlorinated compounds, including dioxins, which can lead to pitting corrosion in high-cost equipment. As a result, the demand for corrosion inhibitors remains high in the pulp and paper industry to protect against these corrosive environments, extending equipment lifespan and reducing maintenance costs.
In summary, while the market for corrosion inhibitors is broadly driven by demand across multiple sectors, the focus on developing biobased and environmentally friendly solutions is becoming increasingly prominent, aligning with industry trends toward sustainability and environmental responsibility.
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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industrynewsupdates · 3 months ago
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Corrosion Inhibitors Market Leading Players Updates and Growth Analysis Report, 2027
The global corrosion inhibitors market size was valued at USD 7.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) 3.8% from 2020 to 2027. 
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.
Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market
Corrosion Inhibitors Market Report Highlights
• In 2019, organic emerged as the prominent product segment owing to their broad utilization in the petroleum refining industry because of their ability to form a protective layer on the metal surface of transporting pipes
• In 2019, oil-based emerged as the prominent type segment owing to the excellent performance of these corrosion inhibitors in high-velocity flow conditions and elevated pressure
• In 2019, oil and gas emerged as the prominent end-use segment owing to a surge of serious internal corrosion problems in several refineries, pipelines, and petrochemical plants, along with mounting production.
Browse through Grand View Research's Organic Chemicals Industry Research Reports.
• The global caprolactam market was valued at USD 15.3 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
• The global potting compounds market size was estimated at USD 33,275.20 million in 2023 and is projected to grow at a CAGR of 3.2% in terms of revenue from 2024 to 2030.
Corrosion Inhibitors Market Segmentation
Grand View Research has segmented the global corrosion inhibitors market on the basis of product, type, end use, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Organic
• Inorganic
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Water Based
• Oil Based
End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Power Generation
• Oil & Gas
• Paper & Pulp
• Metal Processing
• Chemical Processing
• Water Treatment
• Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• North America
o The U.S
o Canada
o Mexico
• Europe
o Germany
o The U.K.
o France
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Iran
o Iraq
o Kuwait
o Oman
o Bahrain
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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biosimulates · 3 months ago
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researchreportinsight · 2 months ago
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Corrosion Inhibitors Market – Industry Analysis and Forecast
The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. The market growth is largely driven by the development of biobased and environmentally friendly corrosion inhibitors. As sustainability becomes a priority across industries, there is a shift towards eco-friendly corrosion inhibitors, which is expected to boost market adoption among industries focused on sustainable practices. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture penetration and thereby reducing corrosion, a common form of material degradation. The mechanisms through which organic and inorganic corrosion inhibitors operate vary significantly.
Gather more insights about the market drivers, restrains and growth of the corrosion inhibitors market
Organic corrosion inhibitors create protection by using interfacial, anodic, cathodic, barrier, and adsorption activities, while inorganic inhibitors work through processes such as anodic and cathodic passivation, anion exchange, and saponification. Research and development in corrosion control technology have been instrumental in advancing these inhibitor products, with many manufacturers focused on innovation to enhance product performance. These R&D efforts are resulting in new products that better resist environmental stresses and perform efficiently under challenging conditions.
The rising costs associated with corrosion, combined with regulatory measures from the U.S. government regarding the toxicity of certain inhibitors, particularly in water systems, impact market dynamics. While phosphate-based corrosion inhibitors are common in the U.S., their application is restricted in some areas due to environmental concerns, particularly regarding their effects on wastewater treatment facilities and potential reactions with metals like aluminum.
End-use Segmentation Insights:
In 2019, the oil and gas sector held the largest market share at 33.1%, driven by the prevalence of internal corrosion issues in pipelines, refineries, and petrochemical plants. As these facilities often operate in high-moisture environments, corrosion inhibitors are essential for protecting infrastructure from degradation, ensuring equipment longevity, and minimizing costly downtime. The power generation sector is also a growing market for corrosion inhibitors, particularly in Asia Pacific, where rapid urbanization and industrial expansion are underway. Power plants face significant corrosion challenges, as components in steam circuits are constantly exposed to water and other corroding agents. Effective corrosion control in these plants involves monitoring pH, conductivity, and the presence of corroding ions, while also using specific corrosion inhibitors like phosphonates, phosphates, and zinc for steel, and triazoles for copper.
Additionally, the pulp and paper industry faces extreme corrosive conditions, especially in equipment like digesters, recovery boilers, bleachers, evaporators, papermaking machines, and storage tanks. These components are frequently exposed to air, water, and organic contaminants, increasing their susceptibility to corrosion. The bleaching process used to whiten pulp generates wastewater that contains chlorinated compounds, including dioxins, which can lead to pitting corrosion in high-cost equipment. As a result, the demand for corrosion inhibitors remains high in the pulp and paper industry to protect against these corrosive environments, extending equipment lifespan and reducing maintenance costs.
In summary, while the market for corrosion inhibitors is broadly driven by demand across multiple sectors, the focus on developing biobased and environmentally friendly solutions is becoming increasingly prominent, aligning with industry trends toward sustainability and environmental responsibility.
Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.
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jayanthitbrc · 2 months ago
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Global Glucaric Acid Market Analysis 2024: Size Forecast and Growth Prospects
The glucaric acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glucaric Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The glucaric acid market size has grown strongly in recent years. It will grow from $0.98 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to pharmaceutical demand, food additive adoption, environmental awareness, government regulations, R&D innovation, sustainable chemical demand, industrial cleaning applications, and personal care product demand.
The glucaric acid market size is expected to see strong growth in the next few years. It will grow to $1.50 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to a focus on a focus on green chemistry, bio-based polymer integration, capacity expansion, diversification in agriculture and textiles, and increased adoption of green packaging solutions. Major trends in the forecast period include glucaric acid in green packaging, bio-based material exploration, sustainable polymer integration, renewable energy applications, biotechnological production methods, eco-friendly construction materials, and collaborative innovation efforts.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/glucaric-acid-global-market-report
Scope Of Glucaric Acid Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glucaric Acid Market Overview
Market Drivers - The rising demand for eco-friendly and bio-based chemicals is expected to propel the growth of the glucaric acid market going forward. Eco-friendly and bio-based chemicals refer to substances produced from renewable resources using processes that have minimal environmental impact, promote sustainability, and reduce reliance on fossil fuels. The rising demand for eco-friendly and bio-based chemicals is driven by increasing environmental concerns and regulatory pressures to reduce carbon footprints and pollution. Glucaric acid is used in eco-friendly and bio-based chemicals as a biodegradable alternative for various applications, including detergents, corrosion inhibitors, and food additives. For instance, in December 2022, according to the International Energy Agency, a France-based government agency, demand for vegetable oil, waste, and residue oils and fats increased by 56% to 79 million metric tons in the 2022–2027 period. Moreover, wastes and residues are expected to be used for 13% of biofuel production in 2027, up from 9% in 2021. The rising demand for eco-friendly and bio-based chemicals will drive the growth of the glucaric acid market.
Market Trends - Major companies operating in the glucaric acid market are focusing on adopting innovations in production processes, such as full-scale glucaric acid fermentation, to provide cost-effective, high-purity, and environmentally friendly alternatives for various industrial applications. Full-scale glucaric acid fermentation utilizes microorganisms to convert glucose-containing raw materials into glucaric acid. For instance, in November 2021, Kalion Inc., a U.S.-based biotech company, completed its first full commercialization of its glucaric acid product through custom manufacturing at Evonik in Europe. Kalion's KSPG40 glucaric acid is a potent corrosion inhibitor, surpassing phosphates in water treatment. Additionally, Kalion provides the pharmaceutical market with high-purity calcium glucarate, reducing residue on ignition (ROI) by up to 50% compared to alternatives. This milestone enables the company to fulfill current customer commitments and demands while offering limited quantities for additional customers interested in evaluating their high-purity glucaric product.
The glucaric acid market covered in this report is segmented –
1) By Type: Calcium D-Glucarate, Pure Glucaric Acid, D-Glucaric Acid-1,4-Lactone, Potassium Sodium D-Glucarate, Other Types 2) By Application: Detergents, Healthcare, Food Manufacturing, Corrosion Inhibitors, Other Applications 3) By Sales Channel: Direct Sale, Indirect Sale
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Regional Insights - North America was the largest region in the glucaric acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glucaric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the glucaric acid market are The Archer Daniels Midland Company, BASF SE, LyondellBasell Industries, Merck KGaA, Koninklijke DSM N.V, Sinochem Group, Roquette Frères SA, Novozymes A/S, Jungbunzlauer Suisse AG, Toronto Research Chemicals Inc, Codexis Inc., Cayman Chemical Company, Tokyo Chemical Industry Co. Ltd, Biosynth Ltd, Chemrez Technologies Inc, Parchem Fine & Specialty Chemicals, Santa Cruz Biotechnology Inc, Rennovia Inc, Alfa Chemistry, Rivertop Renewables, Haihang Industry Co Ltd, CHEMOS GmbH & Co KG, AK Scientific Inc, Kalion Inc, PMP Inc, Shandong Baovi Energy Technology Co Ltd, Otto Chemie Pvt Ltd, Glentham Life Sciences Limited
Table of Contents 1. Executive Summary 2. Glucaric Acid Market Report Structure 3. Glucaric Acid Market Trends And Strategies 4. Glucaric Acid Market – Macro Economic Scenario 5. Glucaric Acid Market Size And Growth ….. 27. Glucaric Acid Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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communicationblogs · 2 months ago
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Industrial Waste Water Treatment Chemicals Market — Forecast(2024–2030)
Overview
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With rise in the growing consumption for industrial waste water treatment chemicals is increasing due to increase in population, rapid urbanization and fresh water shortage, due to this the Industrial Waste Water Treatment Chemicals market is expected to grow in the forecast period. Growing governments implementation towards industrial waste water treatment will further enhance the overall market demand for Industrial Waste Water Treatment Chemicals during the forecast period.
Report Coverage
The report: “Industrial Waste Water Treatment Chemicals Market — Forecast (2020–2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Waste Water Treatment Chemicals industry.
By Type of Chemicals — Scale Inhibitors, Corrosion Inhibitors, Defoamer, Biocides, Organic Polymers, Oxygen Scavengers, Coagulants, Others.
By Geography — North America, South America, Europe, APAC, RoW.
Key Takeaways
Asia-Pacific dominates the Industrial Waste Water Treatment Chemicals market owing to larger water demand due to larger population.
Increasing water pollution and scarcity of water are major factors driving the waste water treatment services market.
Due to the covid 19 pandemic, the residential usage of water has increased due to which the Industrial waste water treatment chemicals market is growing.
One notable challenge for Industrial waste water treatment chemicals is that, it is considerably costly to set up.
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Type of Chemicals — Segment Analysis
Organic Polymers segment holds the largest share in the Industrial Waste Water Treatment Chemicals market. Organic polymers consist of polyacrylamide, polyaluminium chloride among others. Organic polymers are used to purify low quality water either for drinking or industrial purposes. These are used in industrial waste water treatment process to inhibit the growth of harmful organisms and also to kill the existing ones. The efficiency of the industrial waste water treatment chemicals depends on dosage rate and duration of the additive’s presence in water. Industrial waste water treatment facilities are growing at a faster pace due to excess generation of wastewater from industrial sector. The soda ash industry is a part of the chemical industry, which is responsible for the production of sodium carbonate, calcium chloride, absorbent masses, evaporated wet salt, food salt, pickling salt or salt tablets. During manufacturing of those products, strongly alkaline wastewater is generated. Owing to this the Industrial Waste Water Treatment Chemicals market is growing.
Geography — Segment Analysis
APAC has dominated the Industrial Waste Water Treatment Chemicals market with a share of more than xx%, owing to high demand from the end-user industries, such as power, steel, and food & beverage. Countries such as India, China, Japan are the epicentre for the Industrial Waste Water Treatment Chemicals market, as these countries consist of large number of industries. The wastewaters from large-scale industries such as oil refineries, petrochemical plants, chemical plants, and natural gas processing plants commonly contain gross amounts of oil and suspended solids. Those industries use a device known as an API oil-water separator which is designed to separate the oil and suspended solids from their wastewater effluents.
Industrial Waste Water Treatment Chemicals Market Drivers
Implementation of Stringent Government regulations
Implementation of Stringent Governments’ regulations and efforts to reuse water and wastewater treatment in industries, will further aid the market growth of Industrial Waste Water Treatment Chemicals market. The removal of impurities from wastewater, or sewage, before they reach aquifers or natural bodies of water such as rivers, lakes, estuaries, and oceans. Since pure water is not found in nature (i.e., outside chemical laboratories), any distinction between clean water and polluted water depends on the type and concentration of impurities found in the water as well as on its intended use.
Increasing demand for clean water
As demand for water increases across the globe, the availability of fresh water in many regions is likely to decrease because of climate change, as warns by latest edition of the United Nations’ World Water Development Report (WWDR4). It predicts that these pressures will exacerbate economic disparities between certain countries, as well as between sectors or regions within countries. So, the demand for fresh and clean water are increasing due to which the Industrial waste water treatment chemicals market will grow.
Industrial Waste Water Treatment Chemicals Market Challenges
Costly setting up of Equipment.
In manufacturing, setup cost is the cost incurred to get equipment ready to process a different batch of goods. Hence, setup cost is regarded as a batch-level cost in activity-based costing. Setup cost is considered to be a non-value-added cost that should be minimized. One notable hurdle of cooling water treatment chemicals market is that, it is considerably costly to set up. So, small industries are financially not that much strong to setup these equipments. So, they look to escape the installing of these equipments. Whereas Antifoams are chemical agents designed to control the wasteful formation of foam during industrial processes.
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Impact of COVID-19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing equipments regarding the IWTC. One of the major difficulties, market is facing are the shutdown of all kinds of International transportation. Global crisis for all sectors including manufacturing sector have slower down the demand of goods’ production and exports of effect pigments market.
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Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Industrial Waste Water Treatment Chemicals market. In 2019, the market of Industrial Waste Water Treatment Chemicals has been consolidated by the top five players accounting for xx% of the share. Major players in the Industrial Waste Water Treatment Chemicals Market are Akzo Nobel N.V., Angus Chemical Company, BASF SE, BWA Water Additives UK Ltd., Kemira OYJ, The Lubrizol Corporation, Tiarco Chemical, Shandong Taihe Water Treatment Co., Ltd, Kurita Water Industries Ltd, among others.
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market-trend · 20 days ago
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