Corrosion Inhibitors Market Size to exceed $8.8 Billion by 2023: Global Market Insights, Inc.

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Corrosion Inhibitors Market 2016 2023
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Global Market Scenario of Corrosion Inhibitors

• Corrosion Inhibitors market size is set to grow
  from over 5,100 kilo tons in 2015, at more than
  4 CAGR up to 2023. 
• Global corrosion Inhibitors market report
  analysis anticipates industry revenue to exceed
  USD 8.8 billion by 2023.
• Global water treatment chemicals market
  expectations forecast over USD 31 billion revenue
  by 2023. Rising demand for clean and pure water
  in various industrial sectors such as chemicals,
  electronics and medical is expected to drive
  growth.
• Strong APAC infrastructure spending indicators
  are likely to offer promising growth
  opportunities for industry participants. 
• https//www.gminsights.com/industry-analysis/corro
  sion-inhibitors-market

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Continue.....

• These products are used to coat steel, steel
  bars, steel nuts and bolts and other
  infrastructural metal components.
• Development and commercialization of sustainable
  or green corrosion inhibitors market could see an
  evolution in product technology as well as
  demand.
• Extensive and focused RD is underway on certain
  natural sources such as onion, potato, gelatin
  and seeds to test their efficacy.
• ncreased usage has resulted in appropriate
  measures being taken for disposal. Inappropriate
  disposal affects the environment adversely as
  chromium, zinc, phosphorous, nitrogen and oxygen
  atoms are some key raw materials. 
• https//www.gminsights.com/industry-analysis/corro
  sion-inhibitors-market

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MEA corrosion inhibitors market size, by end-use,
(USD Million) 2012-2023
https//www.gminsights.com/industry-analysis/corro
sion-inhibitors-market

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360 Analysis

• Application Analysis
• Water based corrosion inhibitors market size is
  set to exceed USD 6.7 billion revenue by 2023.
  These applications are expected to witness
  growth, driven by increasing water treatment
  needs and demographic indicators.
• Regional Analysis
• U.S. corrosion inhibitors market size should see
  over 4 growth from 2016 to 2023. Cement
  concrete, industrial coatings and metal
  applications will be key demand drivers, with
  positive infrastructure outlook expects over the
  next six years.
• Europe industry demand is set to hit 1,900 kilo
  tons by 2023. Growth of mining, oil gas,
  manufacturing and construction in the EU is
  expected to fuel penetration. 
• APAC, predominantly China and India corrosion
  inhibitors market share, should see over USD 3
  billion industry revenue by 2023. 
• Competitive Market Share
• Global corrosion inhibitors market share is
  moderately consolidated, with Ecolab, GE, Ashland
  and BASF together accounting for less than 50 of
  global consumption in 2015. 
• Dow, DuPont, Champion Technologies, Lubrizol,
  AkzoNobel, Cytec, Halox, Eastman, Daubert,
  Dai-Ichi, Henkel and Cortec are other prominent
  companies in the global market space.

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