Key Players of the Market: AKZO NOBEL NV, ASHLAND INC., ANTICORROSION PROTECTIVE SYSTEMS LLC, BASF SE, CHAMPION TECHNOLOGIES INC, CHEMTREAT INC. and others
(PRWEB) October 12, 2014
The “Global Corrosion Inhibitors – Water & oil based, organic & inorganic type, applications, raw materials trends & forecasts (2010 – 2015)” analyzes the global market by types, applications, and geography and studies the major drivers, restraints, and opportunities in major geographies of North America, Europe, and Asia.
The report expects the global corrosion inhibitor market to grow from $4.80 billion in 2010 to $5.98 billion in 2015, at an estimated CAGR of 4.5%.
Browse 98 Data Tables / 28 Figures and in-depth TOC on global corrosion inhibitor market. Early buyers will receive 10% customization on reports.
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This research report, growth in the end-user industries, demand from Asian market, increasing scope of applications and focus on innovations to produce efficient and safe inhibitor remain the key drivers for the corrosion inhibitor market. Rising cost of the raw materials, regulatory issues, and environmental concerns are the key challenges that the industry is facing.
The water based segment, which was estimated to be worth $3.60 billion in 2010, accounted for the largest share; i.e. 75% of the overall corrosion inhibitor market. The report expects this segment to reach $4.54 billion in 2015, at a CAGR of 4.8% during the forecasting period. Other growth segments like oil based and oil soluble water are expected to grow at a CAGR of over 3.6%.
According to the report, Asia has emerged as the largest market for corrosion inhibitors and accounted for 36% of the overall market in 2010, just edging out Europe at 31% and North America at 27%. The corrosion inhibitor market in North America is expected to be worth $1.55 billion by 2015, growing at a CAGR of 3.7% from 2010 to 2015. In 2010, the market was estimated to be worth $1.29 billion.
The report “Global Corrosion Inhibitors – Water & oil based, organic & inorganic type, applications, raw materials trends & forecasts (2010 – 2015)” segments the global market on the basis of three aspects, which include the types of products, applications, and their demand across different geographic regions. The market covers a host of corrosion inhibitors in terms of six applications such as power generation, oil & gas and refinery, pulp & paper, metal & mining, chemical processing, and desalination plant. The second segmentation in the report discusses the corrosion inhibitor formulation market by types such as organic and inorganic compounds.
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The report also discusses the major technological and market trends along with market share of major industry players. It also covers key industry events such as new product launches, mergers and acquisitions, and agreements. The objective of report is to highlight the key market trends which can be strategically useful and actionable for the stakeholders; i.e. corrosion inhibitor manufacturers, water treatment chemicals manufactures, raw material suppliers, distributors, importers and exporters, and research and consulting firms in the corrosion inhibitor industry. The entire report is supported with a number of facts and figures about market size, market revenues, and company market share analysis. Along with the total number of 126 tables and figures the report also forecasts the corrosion inhibitor market till 2015.
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