Corrosion and Scale Inhibitors Market by Product, Type and Geography - Forecast and Analysis 2023-2027

The corrosion and scale inhibitors market is estimated to grow at a CAGR of 5.2% between 2022 and 2027. The size of the market is forecast to increase by USD 3,195.59 million. The growth of the market depends on several factors, including the rising demand for corrosion and scale inhibitors, the consistency, efficiency, and effectiveness of corrosion and scale inhibitors, and rapid urbanization.

This report extensively covers market segmentation by product (corrosion inhibitors and scale inhibitors), type (organic compound and inorganic compound), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Corrosion And Scale Inhibitors Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global corrosion and scale inhibitors market as a part of the global specialty chemicals market. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacturing of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Corrosion And Scale Inhibitors Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising demand for corrosion and scale inhibitors is notably driving the market growth, although factors such as the rise in alternative technologies may impede the market growth. Our researchers analyzed the data with 2022 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.

Key Corrosion And Scale Inhibitors Market Driver

One of the key factors driving the market growth is the rising demand for corrosion and scale inhibitors. The rising demand for cost-effective chemicals is one of the most important driving factors for the global corrosion and scale inhibitors market. Due to the increasing need for chemicals, both in the municipal and industrial sectors, the demand for chemicals such as corrosion and scale inhibitors that offer a competitive price-performance ratio is high. Corrosion severely affects the safe, reliable, and efficient operation of equipment and production plants.

Additionally, water treatment plants and various industries that use corrosion and scale inhibitors to protect materials from scale and corrosion and treat wastewater are choosing chemicals that are easily available in a short period and are cost-effective. Hence, chemicals that validate the price-performance standards by offering value-added features are expected to experience improved growth. This will generate a more profitable treatment process. Thus, the demand for cost-effective corrosion and scale inhibitors is likely to increase, which will drive the growth of the market during the forecast period.

Significant Corrosion And Scale Inhibitors Market Trend

The introduction of green inhibitors is the primary trend influencing market growth. These are biodegradable inhibitors and do not contain any toxic compounds; therefore, they can be used without affecting the environment, unlike organic inhibitors, which are toxic to the environment. In addition to being biodegradable, green inhibitors are renewable, readily available, and ecologically acceptable. These inhibitors are obtained from natural sources like plants and are generally flavonoids, alkaloids, and other natural products. Due to the stringent regulations by government bodies, these products are appropriate for being utilized in various industrial and municipal applications.

Corrosion scientists and engineers are inclined toward the implication of green corrosion inhibitors that are inexpensive, readily available, environmentally friendly, ecologically acceptable, and renewable. The different types of green inhibitors are plant extracts, drugs, amino acids, rare earth metal compounds, and others, such as surfactant corrosion inhibitors. The preference for green inhibitors is increasing. Government organizations and research institutes are conducting research on the discovery of green inhibitors. Such research activities will drive the growth of the global corrosion and scale inhibitors market during the forecast period.

Major Corrosion And Scale Inhibitors Market Challenge

The rise in alternative technologies is one of the key challenges hindering the market growth. Corrosion and scale inhibitors will most likely be replaced by physical treatment technologies that include UV disinfection and membrane filtration. Strict regulations in some parts of the world promote the reduction and elimination of the use of chemical treatment solutions to obtain purified and clean water. The governments of various countries are ensuring heavy investments in R&D for the development of substitute technologies that can replace water treatment chemicals. Some of the non-chemical methods that are gaining popularity in the global water treatment market are UV treatment, membrane filtration, and organic and biological treatments.

North America is investing heavily in R&D for substituting traditional chemicals. Such technological advancements are creating hurdles in the global corrosion and scale inhibitors market. The increase in environmental concerns and rising awareness are leading to reductions in the use of synthetic chemicals and promoting greener and non-chemical solutions to process water. Such factors will hinder the market growth during the forecast period.

Key Corrosion And Scale Inhibitors Market Customer Landscape

The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Corrosion and Scale Inhibitors Market Customer Landscape

Who are the Major Corrosion and Scale Inhibitors Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

basf.com - The company offers global corrosion and scale inhibitors which represent an effective and economical means of minimizing operation costs.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

• Ashahi Chemical Industries Pvt Ltd
• ChampionX Corp.
• Cortec Corp.
• Croda International Plc
• Dai-ichi Karkaria Ltd.
• Daubert Chemical Company
• Dow Inc.
• DuPont de Nemours Inc.
• Evonik Industries AG
• Henkel AG and Co. KGaA
• Mersen Corporate Services SAS
• Schlumberger Ltd.
• Clariant AG
• Ecolab Inc.
• Huntsman Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Corrosion And Scale Inhibitors Market?

The market share growth by the corrosion inhibitors segment will be significant during the forecast period. Corrosion inhibitors are the largest segment of the global corrosion and scale inhibitors market in 2022 and will continue to be the largest segment of the market during the forecast period. Corrosion inhibitors are widely used to protect products and machinery from being damaged in the heavy industrial manufacturing industry, oil and gas exploration and production industry, chemical industry, petroleum refining industry, water treatment facilities, and product additive industries.

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The corrosion inhibitors segment was valued at USD 6,842.85 million in 2017 and continue to grow by 2021. Carbon steel is widely used in the oil industry because of its cost-effective nature (3 to 5 times cheaper than stainless steel); however, due to its poor corrosion resistance in the aggressive environment, it costs huge for the end-user industries. Therefore, the problem mentioned above can be solved by using corrosion inhibitors. This inhibitor is used in a variety of applications, such as domestic central heating systems, oil pipelines, industrial oil cooling systems, and metal extraction plants. Worldwide, corrosion causes losses that exceed billions of dollars, and to combat these losses, industries around the world use corrosion inhibitors. This factor fuels the demand for corrosion and scale inhibitors. Although stringent government regulations with respect to the toxicity of these inhibitors might restrict the growth of the market, green corrosion inhibitors and nanotechnology in corrosion inhibitors are expected to boost the growth of the market in focus during the forecast period.

Which are the Key Regions for the Corrosion And Scale Inhibitors Market?

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest geographical segment of the global corrosion and scale inhibitors market in 2022 and will continue to remain the largest segment during the forecast period. The corrosion and scale inhibitors market in APAC will grow at the fastest CAGR when compared with other geographical segments during the forecast period, owing to the increased consumption of corrosion and scale inhibitors in emerging economies, especially China and India. In APAC, most of the countries are undergoing rapid industrialization. The high growth in various industries, such as power generation, metal and mineral mining, paper and pulp, and food and beverages, has indirectly accelerated the demand for purified or processed water. This has raised the demand for corrosion and scale inhibitors.

The outbreak of COVID-19 has impacted the growth of the regional corrosion and scale inhibitors market in 2020. However, the market gained momentum in 2021 owing to mass vaccination drives and the resumption of operations of end-user industries such as oil and gas. Furthermore, recovery in the regional economy and redesigning of distribution channels in supply chain operations are likely to boost the growth of the regional market in focus during the forecast period. In addition, increasing operations in the oil and gas sector will drive the demand for corrosion and scale inhibitors. Moreover, increasing operations in the oil and gas industry in developing economies like India will drive the demand for corrosion and scale inhibitors. Thus, such expansions in the oil and gas sector will further revive the growth of the regional corrosion and scale inhibitors market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Corrosion inhibitors and Scale inhibitors), Type (Organic compound and Inorganic compound), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

• Product Outlook (USD Million, 2017 - 2027)
  • Corrosion inhibitors
  • Scale inhibitors

• Type Outlook (USD Million, 2017 - 2027)
  • Organic compound
  • Inorganic compound

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Corrosion And Scale Inhibitors Market Scope
Report Coverage	Details
Page number	175
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.2%
Market growth 2023-2027	USD 3,195.59 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.7
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 44%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Ashahi Chemical Industries Pvt Ltd, BASF SE, ChampionX Corp., Cortec Corp., Croda International Plc, Dai-ichi Karkaria Ltd., Daubert Chemical Company, Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Henkel AG and Co. KGaA, Mersen Corporate Services SAS, Schlumberger Ltd., Clariant AG, Ecolab Inc., Huntsman Corp., Kemira Oyj, Nouryon Chemicals Holding BV, Solvay SA, and The Lubrizol Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Corrosion And Scale Inhibitors Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the corrosion and scale inhibitors market between 2023 and 2027
• Precise estimation of the size of the corrosion and scale inhibitors market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of corrosion and scale inhibitors market vendors

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