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Global Corrosion Inhibitors Market share & Forecast to 2023


The global corrosion inhibitors market size for power generation was valued close to USD 1.5 billion in 2015. The product is extensively used across equipment used in power generation such as gas turbines, switch gears, pumps and electronics components. – PowerPoint PPT presentation

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Title: Global Corrosion Inhibitors Market share & Forecast to 2023

Corrosion Inhibitors Market by Product Type,
Players and Regions-Forecast to 2023
Global Market Scenario of Corrosion Inhibitors
  • Corrosion Inhibitors Market size is set to
    surpass USD 8 billion by 2023 according to a new
    research report by Global Market Insights, Inc.
  • The industry has benefitted from the escalating
    construction sector globally. The product is
    extensively used in coating applications across
    construction materials including bolts, nuts,
    steel, steel bars and metal parts for protection
    against corrosion.
  • It helps in upscaling construction material
    durability which increases the overall life of
    the structure. In addition, the overall
    construction spending was approximately USD 7
    trillion in 2015 it is poised to cross USD 13
    trillion by 2023 owing to positively influence
    the industry growth through the estimated

  • The product is a vital water treatment chemical
    feedstock. Growing water treatment chemicals
    industry due to decreasing clean/pure water
    resources on account of increasing
    industrialization will propel the overall
    corrosion inhibitors market share by 2023.
    Additionally, the global water treatment
    chemicals business is projected to surpass USD 30
    billion by 2023, it will subsequently boost the
    industry growth.
  • Corrosion inhibitors market size is strictly
    regulated and directed by government regulations
    towards product disposal and exposure to human.
  • Chromium, phosphorous and zinc are the major
    materials, release of these raw materials causes
    adverse effects on the environment. This is the
    major factor obstructing the overall industry
    growth in the coming years. Nevertheless, the
    industry participants are involved in RD and
    commercialization of ecofriendly products and has
    created new growth avenues for the global
    corrosion inhibitors market size.

MEA corrosion inhibitors market share, by
end-use, 2012-2023 (USD Million)

Browse Full Market Research Report _at_
http// Press Release _at_
http// To Receive a sample
copy of this report _at_ http//
360 Analysis
  • Corrosion Inhibitors Market, By Product
  • Inorganic corrosion inhibitors market size is
    analyzed to witness moderate gains more than 3
    CAGR over the projected timeframe. The inorganic
    industry can be segregated as anodic and cathodic
    products based on its action mechanism on metals
    such as magnesium, zinc and nickel.
  • Corrosion Inhibitors Market, By Application
  • Corrosion inhibitors market size for water based
    dominated the global industry in 2015. The
    industry growth for the segment is primarily
    driven by growing water treatment chemicals need.
    Furthermore, growing industries including
    refining, construction, mining and power
    generation is likely to positively influence the
    global industry growth over the projected
  • Corrosion Inhibitors Market, By End-use
  • In 2015, North America, led by the U.S. corrosion
    inhibitors market size was valued roughly around
    USD 1.5 billion. Positive outlook from the
    regional construction industry post 2008 economic
    turmoil is one among the major factor
    contributing business growth.

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