Volatile Corrosion Inhibitors Market Analysis

End-user (Mining & Metallurgy, Oil & Gas, Automotive, Aerospace, Electronics)

The global volatile corrosion inhibitors market is segmented and analyzed for demand and supply by end-use industry into mining & metallurgy, oil & gas, automotive, aerospace, electronics, and others. Out of these, the oil & gas segment is expected to garner the highest revenue by 2037. The industry utilizes corrosion inhibitors on a large scale to provide a corrosion-resistant coating to equipment such as pipelines, vessels, and subsea equipment, for proper functioning. Corrosion inhibitors are employed in a variety of applications, along with exploration and production, transportation and storage, and refining and petrochemical. Thus, the boom in the oil & gas industry is expected to generate considerable revenues for the key players. It was estimated that the oil & gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated USD 5 trillion in 2022.

Substrate Type (Films, Paper, Powder, Solution)

The global volatile corrosion inhibitors market is also segmented and analyzed for demand and supply by substrate type into films, paper, powder, and solution. Out of these, the segment of the film is attributed to garner the most significant share in the market owing to the rising need to protect metal surfaces from corrosion, cavities, and crevices. Although, methods such as galvanization and painting are effective in preventing the product from rusting, using volatile corrosion inhibitor films reduces the manufacturing cost of the products and increases their durability. Also, the high demand for volatile corrosion inhibitor films from a wide range of industries such as automotive, electrical and electronics, and others are projected to create a positive outlook for segment growth in the future. On the other hand, the paper segment is also projected to grow with a steady CAGR value owing to its eco-friendly properties. As a result of increased inclination towards a sustainable solution, manufacturers are encouraged to use volatile corrosion inhibitor paper as packaging material. In addition to that, as volatile corrosion inhibitor papers are safe for the environment with non-toxic, recyclable, and repulpable properties, it is preferred for various purposes across numerous industries.

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