Corrosion Inhibitors Market Analysis

Type (Water Based Corrosion Inhibitors, Water Based Corrosion Inhibitors, Volatile Corrosion Inhibitors)

The global industry is segmented and analyzed for demand and supply by type into water-based, oil-based, and volatile corrosion inhibitors. Out of the three types, the volatile corrosion inhibitors segment is estimated to gain the largest market share of about 46% in the year 2037. The growth of the segment can be attributed to the increasing rusting and corrosion of metals and iron used in the construction sector. The growing use of volatile inhibitors in the water treatment sector to treat and recycle polluted water is propelling the market segment’s growth. The expansion of end-users such as automobiles, aerospace, mining, and metallurgy is also estimated to rise the demand for volatile corrosion inhibitors as per the market analysis. The increasing applications in power generation and chemical processing units are expected to have a positive impact on market segment growth. The rising packaging and manufacturing sector is anticipated to fuel the growth of the market segment during the forecast period. As per the estimations, more than USD 180 billion was generated from the packaging sector in the United States.

End User (Oil & Gas, Power Generation, Metal & Mining, Pulp & Paper, Utilities, Chemical)

The global corrosion inhibitors market is also segmented and analyzed for demand and supply by end-user into oil & gas, power generation, metal & mining, pulp & paper, utilities, and chemical. Amongst these three segments, the oil & gas segment is expected to garner a significant share of around 26% in the year 2037. The increasing crude oil emissions across the world with the increasing arrangement of pipelines, tankers, and storage containers are estimated to hike the market segment growth. The rising number of airports with huge quantities of oil containers with the rising aviation sector is estimated to propel the market segment growth. The increasing automobile sector is also estimated to rise the market segment demand owing to the high utilization of fossil fuels for the manufacturing and operation of the machinery during production is driving the market segment growth. Also, the increasing mining activities with growing demand for minerals are estimated to hike the market segment growth.

Our in-depth analysis of the global market includes the following segments: