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The corrosion and scale inhibitors market size is forecast to increase by USD 3.53 billion, at a CAGR of 5.5% between 2023 and 2028.
Major Market Trends & Insights
Market Size & Forecast
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The corrosion and scale inhibitors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The corrosion inhibitors segment is estimated to witness significant growth during the forecast period.
The market is driven by the widespread use of these inhibitors in various industries to mitigate corrosion and scale deposition. In 2023, the corrosion inhibitors segment held the largest market share, as they are essential for protecting equipment and infrastructure from damage in heavy industrial manufacturing, oil and gas, chemical, petroleum refining, water treatment, and product additive industries. For instance, carbon steel, which is commonly used due to its cost-effectiveness in the oil industry, is prone to corrosion in aggressive environments, leading to significant expenses for end-users. To prevent corrosion, various methods are employed, including the use of corrosion resistant alloys, coatings, and cathodic protection systems.
The Corrosion inhibitors segment was valued at USD 7.16 billion in 2018 and showed a gradual increase during the forecast period.
Scale deposition control is another critical application area, as it helps prevent heat exchanger fouling and improves boiler water treatment. Material compatibility studies are crucial to ensure the effectiveness of scale inhibitor selection and dosage optimization. Scale inhibitor chemistry plays a significant role in inhibitor performance, with high-temperature inhibitors and biocide compatibility being essential considerations. Anodic protection methods, electrochemical corrosion, and metal surface passivation are other essential corrosion prevention techniques. Water treatment chemicals, predictive modeling, and process optimization methods are also integral to the market. The market is expected to grow at a significant rate due to the increasing demand for effective corrosion and scale inhibition solutions.
For instance, the oil and gas industry alone is projected to account for over 30% of the market share by 2028. The market's growth is also driven by the need for environmental impact assessments, hydrogen embrittlement prevention, and pipeline corrosion control. Additionally, the development of corrosion inhibitor blends and corrosion mitigation strategies is a key trend in the market.
APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Data suggests that the future opportunities for growth in the APAC region estimates to be around USD 3.53 billion. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is a significant segment of the industrial water treatment industry, addressing the challenges of cooling tower corrosion, heat exchanger fouling, and boiler water treatment in various industries. Corrosion resistant alloys and coatings offer temporary solutions, but their degradation mechanisms necessitate ongoing maintenance. Scale deposition control and cathodic protection systems are essential to mitigate the damaging effects of electrochemical corrosion and metal surface passivation. Scale inhibitor chemistry plays a crucial role in preventing scale deposition, while high-temperature inhibitors ensure effectiveness in extreme conditions. Industrial water treatment demands rigorous material compatibility studies and inhibitor performance testing to optimize dosage and ensure inhibitor film formation.
Predictive modelling corrosion and anodic protection methods further enhance corrosion inhibition mechanism. The APAC region, driven by countries undergoing rapid industrialization, is the largest and fastest-growing market for corrosion and scale inhibitors. In 2023, APAC accounted for over 50% of the global market share, with China and India leading the consumption. The industrial sectors, including power generation, metal and mineral mining, paper and pulp, and food and beverages, contribute significantly to the demand for purified or processed water, thereby driving the market growth. By 2027, the APAC market is projected to expand by over 7%.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global corrosion inhibitors market continues to expand as industries adopt advanced solutions to protect infrastructure and extend equipment life. A growing focus on polymeric scale inhibitor properties and phosphate-based inhibitor mechanisms reflects the importance of preventing mineral buildup and corrosion in diverse operational environments. Increasing adoption of zinc-based corrosion inhibitor applications and research into organic inhibitor film characterization highlight the versatility of approaches being deployed across sectors, with the goal of reducing long-term maintenance costs and enhancing reliability.
Continuous evaluation of new formulations is supported by the evaluation of corrosion inhibitor performance, including analysis of inhibitor degradation kinetics and the effectiveness of different inhibitor types under varied operating conditions. For pipelines and industrial facilities, optimizing inhibitor concentration for pipelines and mitigating corrosion in high-pressure systems are critical strategies. The influence of temperature on inhibitor efficiency, impact of flow rate on corrosion inhibitor performance, and impact of water hardness on scale formation represent significant variables that drive ongoing innovation and the application of advanced techniques for corrosion prevention.
Comparative data reflects shifting practices in industry adoption. While nearly 62% of facilities traditionally relied on singular chemical solutions, the adoption of integrated methods such as understanding the synergistic effects of inhibitors and comparing different corrosion inhibitor technologies is projected to rise beyond 75%. Alongside preventing microbiologically influenced corrosion and the role of inhibitors in preventing pitting corrosion, companies are increasingly prioritizing minimizing environmental impact from inhibitor use and the economic benefits of corrosion inhibition strategies, reinforcing corrosion control as both a sustainability and cost-efficiency imperative.
The corrosion and scale inhibitors market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the corrosion and scale inhibitors market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, corrosion and scale inhibitors market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Ashahi Chemical Industries Pvt. Ltd. - This company specializes in providing corrosion and scale inhibitors for optimal cost reduction in industrial operations on a global scale.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Corrosion And Scale Inhibitors Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2024-2028 |
USD 3529.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.9 |
Key countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this corrosion and scale inhibitors market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Market Segmentation by Application
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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