News Crusader

Corrosion Inhibitors Market Is Anticipated To Grow At A CAGR of 4.5% By 2020: Hexa Reports

Get key Market Research Reports and Insightful Company Profiles
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. Corrosion inhibitors are also used in construction industry as part of preventive maintenance for metallic structures.

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. Mexico, China, Brazil and India are expected to witness exponential rise in infrastructure and construction which is expected to augment demand for corrosion inhibitors.

Browse Detail Report With TOC @ http://hexareports.com/report/corrosion-inhibitors-market/details

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:

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.

Browse More Chemicals Related Market Research Reports:

• Europe Agricultural Enzymes Industry 2016 Market – http://hexareports.com/report/europe-agricultural-enzymes-industry-2016/details

• United States Cenospheres Industry 2016 Market – http://hexareports.com/report/united-states-cenospheres-industry-2016/details

• Global 7-Amino Heptanoic Acid Industry 2016 Market – http://hexareports.com/report/global-7-amino-heptanoic-acid-industry-2016/details

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.

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Our Website: http://www.hexareports.com

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: Send Email
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://hexareports.com/report/corrosion-inhibitors-market/details

Calendar

December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031

Latest News

Increased Functionality Of Workout Clothes Spurs The Growth Of The Sports Apparel Market

Read Full Article

Sauces, Condiments, and Dressings Market: Online Stores to Generate Significant Revenues

Read Full Article

Seasonings and Spices Market: Online Stores to Generate Significant Revenues through 2026

Read Full Article

Global Blockchain Market to Grow from USD 212.09 million in 2016 to USD 4847.7 million by 2023, at a CAGR of 56.37%

Read Full Article

Dengue Vaccine Market 2018 by Technology, Disease Prevalence, Route of Administration, Licensing deals & End User – Forecast to 2021

Read Full Article

China Connected Street Lights Market Is Estimated To Show Higher CAGR Till 2022 | Hexa Reports

Read Full Article

Global Potato Starch Market to Reach 4.2 Million Tons by 2022

Read Full Article

Specialized Cement Market to reach USD 60.8 Billion by 2022, driven mainly by growth of construction in Asia-Pacific

Read Full Article

Sports Nutrition Market will grow at a CAGR of 8.61% during the period 2017-2021: Radiant Insights

Read Full Article

Teeth Whitening Product Market Share, Trends And Forecast – Global Industry Growth, Research Analysis And Outlook, 2017-2022: Hexa Reports

Read Full Article

Gas Chromatography Market Expected To Grow Due To Rising Adoption Of Gas Chromatography (GC) In Various Industries Till 2025: Grand View Research, Inc.

Read Full Article

Gesture Recognition for Mobile Devices Market 2017 by Technology, Product, Key Vendor Analysis and Outlook to 2021

Read Full Article