Corrosion Inhibitors Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Water Based, Oil/Solvent Based), By Composition (Organic, Inorganic), By Application (Power Generation, Oil & Gas Refinery, Pulp & Paper, Metalwork & Mining, Chemical Processing, Desalination Plant, Automotive Coolants & Lubricants, Automotive Fuel), By Region

Abstract
Global corrosion inhibitors market stood at USD8487.86 million in 2022 and is anticipated to increase at a CAGR rate of 4.11% through 2028, due to increasing demand from various end user industries including oil and gas, agriculture, and others.
Corrosion Inhibitors, also known as anti-corrosive, is a chemical composition which is mixed with liquid to lower the corrosion rate of a material. It is typically used on metal or alloy that comes across in contact with the fluid. It is a typical method of preventing corrosion that involves the enhancement of a coating and is frequently called a passivation layer, which blocks the access of the corrosive chemical to the metal. It is a preventative measure to make metal corrosion accessible and is deemed to be the first line of defence against corrosion.
Corrosion Inhibitors are used in various applications such as cooling water recirculation systems, oil production, oil refining, and acid pickling of steel components. Growing demand from oil & gas industries and water treatment systems are propelling the demand for corrosion inhibitors, globally.
Rising Demand of Corrosion Inhibitors for Water Treatment System
Demand for a water treatment system has grown recently due to the rise in cases of diseases caused due to consumption of polluted water. According to the WHO, in 2020, number of deaths caused due to unsafe or polluted water were 485,000. This has in turn increased the demand for chemicals or substances which can help in preventing water treatment systems from corrosion or damage. Corrosion inhibitors are a type of chemical product which are added to water or any other process fluid to slow down the rate of corrosion. Corrosion inhibitors are necessary for water treatment systems as the water treatment consists of pipes made up of different metal or alloy materials. It helps in prevention against corrosion, maintains pressure or loss of water, and can work for the long term. Therefore, the rising demand for the water and wastewater treatment and the increasing need for cleaning water from the rapidly growing population is driving the growth of global corrosion inhibitors market.

Increasing Demand from Various End User Industries
Due to anti-corrosion characteristics, corrosion inhibitors are used in different end-user industries such as power generation, oil, gas and refinery, metal & mining, and others to prevent their metal product or machinery from corrosion. For instance, in oil, gas, and refinery, the blend of amines and solvents are used as an oil-soluble and filming corrosion inhibitor. It helps to provide efficient corrosion mechanisms while making disposal wells, injection wells, pipelines, wells, and refinery applications. Apart from these, metal processing provides a coating on the metal surface with a chromate layer that helps to stop rusting and anodic corrosion of metals. Apart from these, government initiatives and projects like hydropower plants, water treatment systems, and oil and gas extraction are going to increase the demand for global corrosion inhibitors market growth in the anticipated period.

Growing Demand from Emerging Countries
The emerging demand for liquid corrosion inhibitors from growing economies such as Malaysia, China, Brazil, India, Indonesia, Chile, Argentina, and Vietnam are propelling market growth in the region. Firms are increasing their investment in R&D to develop innovative products like Clotrimazole and Fluconazole. Clotrimazole and Fluconazole are effective corrosion inhibitors for aluminium if exposed to Hydrochloric acid. Hence, such an initiative to find new products is expected to create lucrative market growth for corrosion inhibitors worldwide.
Market Segmentation
Global corrosion inhibitors market is segmented based on type, composition, and application. Based on type, the market is divided into water based, oil based, and vapor corrosion inhibitors. Based on composition, the market is split into organic and inorganic. Based on application, the market is divided into power generation, oil & gas refinery, metalwork & mining, automotive coolants, lubricants & fuels, chemical processing, desalination plant, paper & pulp.
Market Players
Nouryon Holding B.V., Cortec Corporation, Ashland Inc, Ecolab Inc., Henkel Ibérica, S.A., Lubrizol Ltd., BASF SE, Dow Chemical Company, DuPont de Nemours, Inc., Lanxess Corp. are the major market player in global corrosion inhibitors market.


Report Scope:
In this report, global corrosion inhibitors market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Global Corrosion Inhibitors Market, By Type:
oWater based
oOil/solvent based
•Global Corrosion Inhibitors Market, By Composition:
oOrganic
oInorganic
•Global Corrosion Inhibitors Market, By Application:
oPower Generation
oOil & Gas Refinery
oMetalwork & Mining
oAutomotive Fuel
oAutomotive Coolants & Lubricants
oChemical Processing
oDesalination Plant
oPaper & Pulp
•Global Corrosion Inhibitors Market, By region:
oNorth America
United States
Canada
Mexico
oAsia-Pacific
China
India
Malaysia
Australia
Japan
oEurope
Germany
France
United Kingdom
Spain
Italy
oMiddle East & Africa
Saudi Arabia
South Africa
UAE
oSouth America
Brazil
Argentina
Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global corrosion inhibitors market.

Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).

Content
Table of Contents

1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on Global Corrosion Inhibitors Market
5.Impact of Russia-Ukraine War on Global Corrosion Inhibitors Market
6.Voice of Customer
6.1.Brand Awareness
6.2.Factors Affecting Purchase Decision
6.3.Corrosion Inhibitors Application
7.Global Corrosion Inhibitors Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value & Volume
7.2.Market Share & Forecast
7.2.1.By Composition (Organic, Inorganic)
7.2.2.By Type (Water based, Oil /Solvent Based)
7.2.3.By Application (Power Generation, Oil & Gas Refinery, Metalwork & Mining, Automotive Fuel, Automotive Coolants & Lubricants, Chemical Processing, Desalination Plant, Paper & Pulp)
7.2.4.By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
7.2.5.By Company (2022)
7.3.Market Map
7.3.1.By Composition
7.3.2.By Type
7.3.3.By End User
7.3.4.By Region
8.North America Corrosion Inhibitors Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value & Volume
8.2.Market Share & Forecast
8.2.1.By Composition
8.2.2.By Type
8.2.3.By End User
8.2.4.By Country
8.3.North America: Country Analysis
8.3.1.United States Corrosion Inhibitors Market Outlook
8.3.1.1.Market Size & Forecast
8.3.1.1.1.By Value & Volume
8.3.1.2.Market Share & Forecast
8.3.1.2.1.By Composition
8.3.1.2.2.By Type
8.3.1.2.3.By End User
8.3.2.Canada Corrosion Inhibitors Market Outlook
8.3.2.1.Market Size & Forecast
8.3.2.1.1.By Value & Volume
8.3.2.2.Market Share & Forecast
8.3.2.2.1.By Composition
8.3.2.2.2.By Type
8.3.2.2.3.By End User
8.3.3.Mexico Corrosion Inhibitors Market Outlook
8.3.3.1.Market Size & Forecast
8.3.3.1.1.By Value & Volume
8.3.3.2.Market Share & Forecast
8.3.3.2.1.By Composition
8.3.3.2.2.By Type
8.3.3.2.3.By End User
9.Asia-Pacific Corrosion Inhibitors Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value & Volume
9.2.Market Share & Forecast
9.2.1.By Composition
9.2.2.By Type
9.2.3.By End User
9.2.4.By Country
9.3.Asia-Pacific: Country Analysis
9.3.1.China Corrosion Inhibitors Market Outlook
9.3.1.1.Market Size & Forecast
9.3.1.1.1.By Value & Volume
9.3.1.2.Market Share & Forecast
9.3.1.2.1.By Composition
9.3.1.2.2.By Type
9.3.1.2.3.By End User
9.3.2.India Corrosion Inhibitors Market Outlook
9.3.2.1.Market Size & Forecast
9.3.2.1.1.By Value & Volume
9.3.2.2.Market Share & Forecast
9.3.2.2.1.By Composition
9.3.2.2.2.By Type
9.3.2.2.3.By End User
9.3.3.Japan Corrosion Inhibitors Market Outlook
9.3.3.1.Market Size & Forecast
9.3.3.1.1.By Value & Volume
9.3.3.2.Market Share & Forecast
9.3.3.2.1.By Composition
9.3.3.2.2.By Type
9.3.3.2.3.By End User
9.3.4.South Korea Corrosion Inhibitors Market Outlook
9.3.4.1.Market Size & Forecast
9.3.4.1.1.By Value & Volume
9.3.4.2.Market Share & Forecast
9.3.4.2.1.By Composition
9.3.4.2.2.By Type
9.3.4.2.3.By End User
9.3.5.Australia Corrosion Inhibitors Market Outlook
9.3.5.1.Market Size & Forecast
9.3.5.1.1.By Value & Volume
9.3.5.2.Market Share & Forecast
9.3.5.2.1.By Composition
9.3.5.2.2.By Type
9.3.5.2.3.By End User
10.Europe Corrosion Inhibitors Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value & Volume
10.2.Market Share & Forecast
10.2.1.By Composition
10.2.2.By Type
10.2.3.By End User
10.2.4.By Country
10.3.Europe: Country Analysis
10.3.1.France Corrosion Inhibitors Market Outlook
10.3.1.1.Market Size & Forecast
10.3.1.1.1.By Value & Volume
10.3.1.2.Market Share & Forecast
10.3.1.2.1.By Composition
10.3.1.2.2.By Type
10.3.1.2.3.By End User
10.3.2.Germany Corrosion Inhibitors Market Outlook
10.3.2.1.Market Size & Forecast
10.3.2.1.1.By Value & Volume
10.3.2.2.Market Share & Forecast
10.3.2.2.1.By Composition
10.3.2.2.2.By Type
10.3.2.2.3.By End User
10.3.3.United Kingdom Corrosion Inhibitors Market Outlook
10.3.3.1.Market Size & Forecast
10.3.3.1.1.By Value & Volume
10.3.3.2.Market Share & Forecast
10.3.3.2.1.By Composition
10.3.3.2.2.By Type
10.3.3.2.3.By End User
10.3.4.Spain Corrosion Inhibitors Market Outlook
10.3.4.1.Market Size & Forecast
10.3.4.1.1.By Value & Volume
10.3.4.2.Market Share & Forecast
10.3.4.2.1.By Composition
10.3.4.2.2.By Type
10.3.4.2.3.By End User
10.3.5.Italy Corrosion Inhibitors Market Outlook
10.3.5.1.Market Size & Forecast
10.3.5.1.1.By Value & Volume
10.3.5.2.Market Share & Forecast
10.3.5.2.1.By Composition
10.3.5.2.2.By Type
10.3.5.2.3.By End User
11.Middle East and Africa Corrosion Inhibitors Market Outlook
11.1.Market Size & Forecast
11.1.1.By Value & Volume
11.2.Market Share & Forecast
11.2.1.By Composition
11.2.2.By Type
11.2.3.By End User
11.2.4.By Country
11.3.MEA: Country Analysis
11.3.1.Saudi Arabia Corrosion Inhibitors Market Outlook
11.3.1.1.Market Size & Forecast
11.3.1.1.1.By Value & Volume
11.3.1.2.Market Share & Forecast
11.3.1.2.1.By Composition
11.3.1.2.2.By Type
11.3.1.2.3.By End User
11.3.2.South Africa Corrosion Inhibitors Market Outlook
11.3.2.1.Market Size & Forecast
11.3.2.1.1.By Value & Volume
11.3.2.2.Market Share & Forecast
11.3.2.2.1.By Composition
11.3.2.2.2.By Type
11.3.2.2.3.By End User
11.3.3.UAE Corrosion Inhibitors Market Outlook
11.3.3.1.Market Size & Forecast
11.3.3.1.1.By Value & Volume
11.3.3.2.Market Share & Forecast
11.3.3.2.1.By Composition
11.3.3.2.2.By Type
11.3.3.2.3.By End User
12.South America Corrosion Inhibitors Market Outlook
12.1.Market Size & Forecast
12.1.1.By Value & Volume
12.2.Market Share & Forecast
12.2.1.By Composition
12.2.2.By Type
12.2.3.By End User
12.2.4.By Country
12.3.South America: Country Analysis
12.3.1.Brazil Corrosion Inhibitors Market Outlook
12.3.1.1.Market Size & Forecast
12.3.1.1.1.By Value & Volume
12.3.1.2.Market Share & Forecast
12.3.1.2.1.By Composition
12.3.1.2.2.By Type
12.3.1.2.3.By End User
12.3.2.Argentina Corrosion Inhibitors Market Outlook
12.3.2.1.Market Size & Forecast
12.3.2.1.1.By Value & Volume
12.3.2.2.Market Share & Forecast
12.3.2.2.1.By Composition
12.3.2.2.2.By Type
12.3.2.2.3.By End User
12.3.3.Colombia Corrosion Inhibitors Market Outlook
12.3.3.1.Market Size & Forecast
12.3.3.1.1.By Value & Volume
12.3.3.2.Market Share & Forecast
12.3.3.2.1.By Composition
12.3.3.2.2.By Type
12.3.3.2.3.By End User
13.Market Dynamics
13.1.Drivers
13.2.Challenges
14.Pricing Analysis
15.Market Trends & Developments
16.PESTLE Analysis
17.Porter’s Five Forces Analysis
18.Competitive Landscape
18.1.Nouryan Chemicals Holdings B.V.
18.2.BASF SE
18.3.The Dow Chemicals Company
18.4.Ecolab, Inc.
18.5.Lanxess AG
18.6.Cortec Corporation
18.7.Ashland Global Holdings, Inc
18.8.The Lubrizol Corporation
18.9.Henkel AG & Co. KGaA
18.10.DuPont de Nemours, Inc.
19.Strategic Recommendations