Corrosion Inhibitors Market Analysis By Product (Organic, Inorganic), By Application (Water Based And Oil/Solvent Based), By End-Use Industry (Power Generation, Metal Processing, Pulp & Paper, Oil & Gas And Chemical Processing) And Segment Forecasts To 2020

Published: Oct, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Global Corrosion Inhibitors Market By Product (Organic, Inorganic), By Application (Water Based And Oil/Solvent Based), By End Use Industry (Power Generation, Metal Processing) Expected To Reach USD 7.55 Billion By 2020.
October 2014
Global corrosion inhibitors market is expected to reach USD 7.55 billion by 2020. Corrosion inhibitors form an important part of the water treatment chemicals market and growing regulatory pressure for water treatment is expected to boost market demand. Corrosion inhibitors are also used in construction industry as part of preventive maintenance for metallic structures. Mexico, China, Brazil and India are expected to witness exponential rise in infrastructure and construction which is expected to augment demand for corrosion inhibitors.

Power generation was the largest end-use industry for corrosion inhibitors, with market demand of 1,366.5 kilo tons in 2013. Increasing power generation in China, India and Middle East coupled with growing instances of corrosion in cooling towers, steam and hydropower turbines is expected to augment demand. Oil and gas industry is also expected to witness significant rise in corrosion inhibitor demand growing at a CAGR of 5.6% from 2014 to 2020.

Further key findings from the study suggest:

Global corrosion inhibitors market demand was 4,659.8 kilo tons in 2013 and is expected to reach 6,340.7 kilo tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020. 
Water-based corrosion inhibitors dominated the market in 2013 accounting for over 70% of global demand. These applications are preferred over their solvent based counterparts as they have lower VOC emissions which make them environmentally beneficial. 
Organic corrosion inhibitors were the most widely used product with demand exceeding 3,300 kilo tons in 2013. They are preferred over inorganic inhibitors as they are non toxic making them feasible for use in water treatment and paint and coating industry.
Asia Pacific was the largest market for corrosion inhibitors, accounting for 38.78% of market volume in 2013. Industrial growth in automobile, chemicals and oil & gas sector is expected to boost the demand for corrosion inhibitor in the region.
The global corrosion inhibitors market is fragmented with the top four companies accounting for less than 40% of global market in 2013. Key companies include BASF, Ashland, Ecolab, GE Water, DuPont, Dow Chemicals Company, Champion Technologies, Cytec, and Lubrizol Corporation.
For the purpose of this study, Grand View Research has segmented the global corrosion inhibitor market on the basis of product, application, end-use and region:

     Corrosion Inhibitor Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
             Organic corrosion inhibitor
             Inorganic corrosion inhibitor
     Corrosion Inhibitor Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
             Water based
             Oil/Solvent Based
     Corrosion Inhibitor End-use Industry Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
             Power generation
             Oil & gas
             Pulp & paper
             Metal processing
             Chemicals processing
             Others
     Corrosion Inhibitor Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
             North America
             Europe
             Asia Pacific
             RoW

 Table of Contents
Chapter 1.Executive Summary
                1.1. Corrosion Inhibitors - Industry Summary and Critical Success Factors (CSFs)
Chapter 2.Corrosion Inhibitors Industry Outlook
                2.1. Market Segmentation
                2.2. Market Size and Growth Prospects
                2.3. Corrosion Inhibitors Value Chain Analysis
                2.4. Corrosion Inhibitors Market Dynamics
                    2.4.1. Market Driver Analysis
                        2.4.1.1.Growth of global water treatment chemicals market
                        2.4.1.2.Growing construction Industry 
                        2.4.1.3.Growing automobile market
                    2.4.2. Market Restraint Analysis
                        2.4.2.1.Environmental issues associated with raw materials
                2.5. Key Opportunities Prioritized
                2.6. Industry Analysis - Porter's
                2.7. Corrosion Inhibitors - Company Market Share Analysis, 2013
                2.8. Corrosion Inhibitors Market PESTEL Analysis, 2013 
Chapter 3.Corrosion Inhibitors Product Outlook
                3.1. Organic corrosion inhibitors
                    3.1.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                3.2. Inorganic corrosion inhibitors
                    3.2.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
Chapter 4.Corrosion Inhibitors Application Outlook 
                4.1. Water based 
                    4.1.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                4.2. Oil/solvent based 
                    4.2.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
Chapter 5.Corrosion Inhibitors End-Use Industry Outlook 
                5.1. Power generation
                    5.1.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                5.2. Oil & gas
                    5.2.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                5.3. Chemical processing
                    5.3.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                5.4. Metal processing
                    5.4.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                5.5. Pulp & paper
                    5.5.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
                5.6. Others
                    5.6.1. Market estimates and forecast, by region, 2012 - 2020 (Kilo Tons) (USD Million) 
Chapter 6.Corrosion Inhibitors Regional Outlook 
                6.1. North America
                    6.1.1. Market estimates and forecast, by product, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.1.2. Market estimates and forecast, by application, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.1.3. Market estimates and forecast, by end-use industry, 2012 - 2020 (Kilo Tons) (USD Million) 
                6.2. Europe
                    6.2.1. Market estimates and forecast, by product, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.2.2. Market estimates and forecast, by application, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.2.3. Market estimates and forecast, by end-use industry, 2012 - 2020 (Kilo Tons) (USD Million) 
                6.3. Asia Pacific
                    6.3.1. Market estimates and forecast, by product, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.3.2. Market estimates and forecast, by application, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.3.3. Market estimates and forecast, by end-use industry, 2012 - 2020 (Kilo Tons) (USD Million) 
                6.4. RoW
                    6.4.1. Market estimates and forecast, by product, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.4.2. Market estimates and forecast, by application, 2012 - 2020 (Kilo Tons) (USD Million) 
                    6.4.3. Market estimates and forecast, by end-use industry, 2012 - 2020 (Kilo Tons) (USD Million)

Chapter 7. Corrosion Inhibitors Competitive Landscape
                7.1 Ashland Inc.
                    7.1.1 Company Overview
                    7.1.2 Financial Performance
                    7.1.3 Product Benchmarking
                    7.1.4 Strategic Initiatives
                7.2 AkzoNobel N.V
                    7.2.1 Company Overview
                    7.2.2 Financial Performance
                    7.2.3 Product Benchmarking
                    7.2.4 Strategic Initiatives
                7.3 BASF SE
                    7.3.1 Company Overview
                    7.3.2 Financial Performance
                    7.3.3 Product Benchmarking
                    7.3.4 Strategic Initiatives
                7.4 Champion Technologies Inc.
                    7.4.1 Company Overview
                    7.4.2 Financial Performance
                    7.4.3 Product Benchmarking
                    7.4.4 Strategic Initiatives
                7.5 Cortec Corporation
                    7.5.1 Company Overview
                    7.5.2 Financial Performance
                    7.5.3 Product Benchmarking
                    7.5.4 Strategic Initiatives
                7.6 Cytec Industries Inc.
                    7.6.1 Company Overview
                    7.6.2 Financial Performance
                    7.6.3 Product Benchmarking
                    7.6.4 Strategic Initiatives
                7.7 Dai-Ichi Karkaria Ltd.
                    7.7.1 Company Overview
                    7.7.2 Financial Performance
                    7.7.3 Product Benchmarking
                    7.7.4 Strategic Initiatives
                7.8 Daubert Cromwell LLC
                    7.8.1 Company Overview
                    7.8.2 Financial Performance
                    7.8.3 Product Benchmarking
                    7.8.4 Strategic Initiatives
                7.9 Ecolab
                    7.9.1 Company Overview
                    7.9.2 Financial Performance
                    7.9.3 Product Benchmarking
                    7.9.4 Strategic Initiatives
                7.10 GE Water & Process Technologies
                    7.10.1 Company Overview
                    7.10.2 Financial Performance
                    7.10.3 Product Benchmarking
                    7.10.4 Strategic Initiatives
                7.11 Henkel AG & Company, KGaA
                    7.11.1 Company Overview
                    7.11.2 Financial Performance
                    7.11.3 Product Benchmarking
                    7.11.4 Strategic Initiatives
                7.12 Marott Graphic Services
                    7.12.1 Company Overview
                    7.12.2 Financial Performance
                    7.12.3 Product Benchmarking
                    7.12.4 Strategic Initiatives
                7.13 Solutia Inc.
                    7.13.1 Company Overview
                    7.13.2 Financial Performance
                    7.13.3 Product Benchmarking
                    7.13.4 Strategic Initiatives
                7.14 The Lubrizol Corporation
                    7.14.1 Company Overview
                    7.14.2 Financial Performance
                    7.14.3 Product Benchmarking
                    7.14.4 Strategic Initiatives

Chapter 8.Methodology and Scope 
                8.1. Research Methodology 
                8.2. Research Scope & Assumption 
                8.3. List of Data Sources


List of Tables


1. Corrosion inhibitor - Industry Summary & Critical Success Factors (CSFs)
2. Global corrosion inhibitors market,, 2012 - 2020 (Kilo Tons) (USD Million)
3. Global corrosion inhibitors market by region, , 2012 - 2020 (Kilo Tons) (USD Million)
4. Global corrosion inhibitors market by product, , 2012 - 2020 (Kilo Tons) (USD Million)
5. Global organic corrosion inhibitors market demand, , 2012 - 2020 (Kilo Tons) (USD Million)
6. Global organic corrosion inhibitors market demand by region, , 2012 - 2020 (Kilo Tons) (USD Million)
7. Global inorganic corrosion inhibitors market demand, 2012 - 2020 (Kilo Tons) (USD Million)
8. Global inorganic corrosion inhibitors market demand by region, , 2012 - 2020 (Kilo Tons) (USD Million)
9. Global corrosion inhibitors market by application, 2012 - 2020 (Kilo Tons) (USD Million)
10. Global water based corrosion inhibitors market volume and revenue , 2012 - 2020 (Kilo Tons) (USD Million)
11. Global water based corrosion inhibitors market volume and revenue, by region, 2012 - 2020 (Kilo Tons) (USD Million)
12. Global oil/solvent based corrosion inhibitors market volume and revenue, 2012 - 2020 (Kilo Tons) (USD Million)
13. Global oil/solvent based corrosion inhibitors market volume and revenue, by region, 2012 - 2020 (Kilo Tons) (USD Million)
14. Global demand for corrosion inhibitors in power industry, 2012 - 2020 (Kilo Tons) (USD Million)
15. Global demand for corrosion inhibitors in oil & gas industry 2012 - 2020 (Kilo Tons) (USD Million)
16. Global demand for corrosion inhibitors in chemical processing industry 2012 - 2020 (Kilo Tons) (USD Million)
17. Global demand for corrosion inhibitors in metal processing industry, 2012 - 2020 (Kilo Tons) (USD Million)
18. Global demand for corrosion inhibitors in pulp and paper industry, 2012 - 2020 (Kilo Tons) (USD Million
19. Global demand for corrosion inhibitors in other end-use industries, 2012 - 2020 (Kilo Tons) (USD Million)
20. North America corrosion inhibitors market by product, 2012 - 2020 (Kilo Tons)
21. North America corrosion inhibitors market by product, 2012 - 2020 (USD Million)
22. North America corrosion inhibitors market by application, 2012 - 2020 (Kilo Tons)
23. North America corrosion inhibitors market by application, 2012 - 2020 (USD Million)
24. North America corrosion inhibitors market by end-use industry, 2012 - 2020 (Kilo Tons)
25. North America corrosion inhibitors market by end-use industry, 2012 - 2020 (USD Million)
26. Europe corrosion inhibitors market by product, 2012 - 2020 (Kilo Tons)
27. Europe corrosion inhibitors market by product, 2012 - 2020 (USD Million)
28. Europe corrosion inhibitors market by application, 2012 - 2020 (Kilo Tons)
29. Europe corrosion inhibitors market by application, 2012 - 2020 (USD Million)
30. Europe corrosion inhibitors market by end-use industry, 2012 - 2020 (Kilo Tons)
31. Europe corrosion inhibitors market by end-use industry, 2012 - 2020 (USD Million)
32. Asia Pacific corrosion inhibitors market by product, 2012 - 2020 (Kilo Tons)
33. Asia Pacific corrosion inhibitors market by product, 2012 - 2020 (USD Million)
34. Asia Pacific corrosion inhibitors market by application, 2012 - 2020 (Kilo Tons)
35. Asia Pacific corrosion inhibitors market by application, 2012 - 2020 (USD Million)
36. Asia Pacific corrosion inhibitors market by end-use, 2012 - 2020 (Kilo Tons)
37. Asia Pacific corrosion inhibitors market by end-use, 2012 - 2020 (USD Million)
38. RoW corrosion inhibitors market by product, 2012 - 2020 (Kilo Tons)
39. RoW corrosion inhibitors market by product, 2012 - 2020 (USD Million)
40. RoW corrosion inhibitors market by application, 2012 - 2020 (Kilo Tons)
41. RoW corrosion inhibitors market by application, 2012 - 2020 (USD Million)
42. RoW corrosion inhibitors market by end-use industry, 2012 - 2020 (Kilo Tons)
43. RoW corrosion inhibitors market by end-use industry, 2012 - 2020 (USD Million)


List of Figures

1. Corrosion inhibitors market segmentation
2. Global corrosion inhibitors market (Volume & Revenue), 2012 - 2020
3. Corrosion inhibitors - Value chain analysis
4. Corrosion inhibitors - Market dynamics
5. Corrosion inhibitors - Company market share analysis, 2013
6. Key opportunities prioritized
7. Industry analysis - Porter's
8. Corrosion inhibitors PESTEL analysis, 2013
9. Corrosion inhibitors market volume share by product, 2012 & 2020
10. Global organic corrosion inhibitors market volume & revenue, 2012-2020 (Kilo Tons) (USD million)
11. Global inorganic corrosion inhibitors market volume & revenue, 2012-2020 (Kilo Tons) (USD million)
12. Global corrosion inhibitors market volume share, by application, 2012 & 2020
13. Global water based corrosion inhibitors market volume & revenue, 2012-2020 (Kilo Tons) (USD million)
14. Global oil/solvent based corrosion inhibitors market volume & revenue, 2012-2020 (Kilo Tons) (USD million)
15. Global corrosion inhibitors market volume share, by end-use industry, 2012 & 2020
16. Global corrosion inhibitors demand from power generation, 2012-2020 (Kilo Tons) (USD million)
17. Global corrosion inhibitors demand from metal processing, 2012-2020 (Kilo Tons) (USD million)
18. Global corrosion inhibitors demand from pulp & paper, 2012-2020 (Kilo Tons) (USD million)
19. Global corrosion inhibitors demand from oil & gas, 2012-2020 (Kilo Tons) (USD million)
20. Global corrosion inhibitors demand from chemical processing, 2012-2020 (Kilo Tons) (USD million)
21. Global corrosion inhibitors market volume share, by region, 2012 & 2020
22. North America corrosion inhibitors market estimates and forecast, 2012-2020 (Kilo Tons) (USD million) 
23. Europe corrosion inhibitors market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
24. Asia Pacific corrosion inhibitors market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
25. RoW corrosion inhibitors market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)