Corrosion Inhibitors Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44118

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The corrosion inhibitors market has the potential to grow by USD 2.98 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.10%.

The corrosion inhibitors market report extensively covers market segmentation by end-user (power generation, oil and gas, pulp and paper, metal processing, and water treatment and others), type (precipitation inhibitors, passivity inhibitors, and other inhibitors), and geography (APAC, North America, Europe, MEA, and South America) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Corrosion Inhibitors Market Size be in 2021?

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Corrosion Inhibitors Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising investments in the power sector is notably driving the corrosion inhibitors market growth, although factors such as smart coatings replacing corrosion inhibitors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the corrosion inhibitors market get your FREE report sample now.

This post-pandemic corrosion inhibitors market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Corrosion Inhibitors Market Vendors?

The corrosion inhibitors market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Akzo Nobel NV
  • Ashland Global Holdings Inc.
  • BASF SE
  • DuPont de Nemours Inc.
  • Ecolab Inc.
  • Evonik Industries AG
  • General Electric Co.
  • Israel Chemicals Ltd.
  • Schlumberger Ltd.
  • Solvay SA

 

The corrosion inhibitors market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The corrosion inhibitors market is fragmented and is expected to provide a favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the corrosion inhibitors market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Corrosion Inhibitors Market?

Corrosion-Inhibitors-Market-Market-Share-by-Region-2020-2025

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China and India are the key markets for corrosion inhibitors in APAC. Learn about the key, emerging, and untapped markets from our corrosion inhibitors market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 42% of the market’s growth will originate from APAC during the forecast period.

APAC has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is increasing urbanization and industrialization in APAC. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Corrosion Inhibitors Market?

Corrosion-Inhibitors-Market-Market-Share-by-End-2020-2025

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The corrosion inhibitors market share growth by the power generation segment has been significant. The corrosion inhibitors market report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides thorough corrosion inhibitors market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the corrosion inhibitors market size.

 

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What are the Key Factors Covered in this Corrosion Inhibitors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive corrosion inhibitors market growth during the next five years
  • Precise estimation of the corrosion inhibitors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the corrosion inhibitors market across APAC, North America, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of corrosion inhibitors market vendors

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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

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The corrosion inhibitors market growth will increase by $1680.58 million during 2019-2024.
The corrosion inhibitors market is expected to grow at a CAGR of 4.21% during 2019-2024.
Technavio has segmented the corrosion inhibitors market by end user (Power generation, Oil and gas, Pulp and paper, Metal processing, and Water treatment and others) ,type (Precipitation inhibitors, Passivity inhibitors, and Other inhibitors) , and geographic (APAC, North America, Europe, MEA, and South America).
Akzo Nobel NV, Ashland Global Holdings Inc., BASF SE, DuPont de Nemours Inc., Ecolab Inc., Evonik Industries AG, General Electric Co., Israel Chemicals Ltd., Schlumberger Ltd., Solvay SA are a few of the key vendors in the corrosion inhibitors market.
APAC will register the highest growth rate of 40.46% among the other regions. Therefore, the corrosion inhibitors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Russian Federation
  • Germany
The key factors driving the corrosion inhibitors market growth are:
  • Rising investments in power sector
  • Changing preference toward environment-friendly corrosion inhibitors
The corrosion inhibitors market vendors should focus on grabbing business opportunities from the power generation segment as it accounted for the largest market share in the base year.
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