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Corrosion Inhibitors Market Is Expected To Grow At A CAGR 3.8% From 2020 To 2027 With Top Key Players: Nouryon; Cortec Corporation And Ecolab | Grand View Research, Inc.

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Corrosion Inhibitors Market Is Expected To Grow At A CAGR 3.8% From 2020 To 2027 With Top Key Players: Nouryon; Cortec Corporation And Ecolab | Grand View Research, Inc.

December 06
12:40 2021
Corrosion Inhibitors Market Is Expected To Grow At A CAGR 3.8% From 2020 To 2027 With Top Key Players: Nouryon; Cortec Corporation And Ecolab | Grand View Research, Inc.
Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, the growth in the market can be attributed to the development of biobased and more eco-friendly corrosion inhibitors.

The global corrosion inhibitors market size is anticipated to reach USD 9.9 billion by 2027, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to increasing investments in oil and gas extraction and production activities in the developing economies across the globe.

Corrosion inhibitors are primarily consumed by the oil and gas industry as pipelines, petrochemical plants, and refineries face significant challenges due to erosion. The application of corrosion inhibitors mitigates deterioration in pipelines, gathering lines, transmission lines, flow lines, and wellbores. It also decreases the occurrence of pitting and costly rust failures for various industry players. Therefore, the application of these products significantly reduces the amount of investment spent on the prevention of rust. This factor has majorly driven the consumption of products across various end-use industries.

Different industries, such as oil and gas, power generation, pulp and paper, metal processing, chemical processing, face several challenges due to rust. This signifies the number of investments by end-use sectors for the prevention of industrial parts and equipment and to extend their life or durability. Furthermore, internal corrosion caused by aggravated microbial activity, water, hydrogen sulfide, or carbon dioxide has increased the need for products among oil and gas companies.

Saudi Arabia is one of the prominent crude oil producers in the world. Moreover, the GDP (PPP) of Saudi Arabia is USD 1.8 trillion, which makes it one of the top-performing economies in the Middle East. With the presence of some of the leading global players such as Saudi Aramco and some of the prominent producing fields such as Ghawar field, the country is expected to boost the consumption over the forecast period.

This is likely to result from the higher preference for oil-based products given their long-lasting protection results for parts or equipment exposed to severe environmental conditions. Furthermore, these are preferred over water-based ones owing to their heavy film and water-rejecting properties. However, water-based products are expected to gain a significant market share over the forecast period due to their conservative nature and favorable government regulations pertaining to their use.


Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/corrosion-inhibitors-market


Corrosion Inhibitors Market Report Highlights

  • In 2019, organic emerged as the prominent product segment owing to their broad utilization in the petroleum refining industry because of their ability to form a protective layer on the metal surface of transporting pipes
  • In 2019, oil-based emerged as the prominent type segment owing to the excellent performance of these corrosion inhibitors in high-velocity flow conditions and elevated pressure
  • In 2019, oil and gas emerged as the prominent end-use segment owing to a surge of serious internal corrosion problems in several refineries, pipelines, and petrochemical plants, along with mounting production.


For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/corrosion-inhibitors-market/request/rs1


Corrosion Inhibitors Market Segmentation

Grand View Research has segmented the global corrosion inhibitors market on the basis of product, type, end use, and region:

Corrosion Inhibitors Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Organic
  • Inorganic


Corrosion Inhibitors Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Water Based
  • Oil Based


Corrosion Inhibitors End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Power Generation
  • Oil & Gas
  • Paper & Pulp
  • Metal Processing
  • Chemical Processing
  • Water Treatment
  • Others


Corrosion Inhibitors Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Iraq
    • Kuwait
    • Oman
    • Bahrain


List of Key Players of Corrosion Inhibitors Market

  • Nouryon
  • Cortec Corporation
  • Ashland
  • Ecolab
  • Henkel Ibérica, S.A.
  • The Lubrizol Company
  • Dow
  • DuPont de Nemours, Inc.
  • Baker Hughes, a GE company LLC


Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/539/ibb


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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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Website: https://www.grandviewresearch.com/industry-analysis/corrosion-inhibitors-market