Global Inorganic Corrosion Inhibitor Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Anodic inhibitors and Cathodic inhibitors.

By Application;

Oil & gas industry, Water treatment plants and Surgery.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn615930303 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Inorganic Corrosion Inhibitor Market (USD Million), 2020 - 2030

In the year 2023, the Global Inorganic Corrosion Inhibitor Market was valued at USD 4,030.40 million. The size of this market is expected to increase to USD 5,460.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

The global inorganic corrosion inhibitor market serves as a vital component in safeguarding metal structures, equipment, and infrastructure against the damaging effects of corrosion. Inorganic corrosion inhibitors are chemical compounds designed to prevent or mitigate corrosion by forming protective layers on metal surfaces, inhibiting the electrochemical reactions that lead to corrosion. These inhibitors are widely used in industries such as oil and gas, petrochemicals, power generation, manufacturing, and infrastructure, where metal assets are exposed to corrosive environments.

Inorganic corrosion inhibitors function through various mechanisms, including passivation, adsorption, and film formation, depending on the specific chemical composition and application requirements. Passivation inhibitors work by forming a protective oxide layer on metal surfaces, preventing the initiation and propagation of corrosion reactions. Adsorption inhibitors chemically adsorb onto metal surfaces, blocking active sites and inhibiting corrosion. Film-forming inhibitors create a barrier film on metal surfaces, preventing corrosive agents from reaching the underlying metal and inhibiting corrosion. These mechanisms provide effective protection against corrosion in diverse industrial settings, extending the service life of metal assets and reducing maintenance costs.

The demand for inorganic corrosion inhibitors is driven by factors such as the need to prolong the lifespan of infrastructure, ensure operational reliability, and comply with regulatory requirements related to safety and environmental protection. Industries rely on corrosion inhibitors to mitigate the economic losses and safety risks associated with corrosion-related failures, including equipment damage, production downtime, and environmental contamination. The expansion of industrial activities in emerging economies and the increasing emphasis on asset integrity management and corrosion control strategies contribute to the growth of the global inorganic corrosion inhibitor market. As industries continue to prioritize asset protection and sustainability, the demand for effective corrosion inhibition solutions is expected to grow, driving innovation and advancements in the field of corrosion science and engineering.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Inorganic Corrosion Inhibitor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Expansion
        2. Regulatory Compliance
        3. Asset Protection
      2. Restraints
        1. Environmental Regulations
        2. Cost Concerns
        3. Compatibility Issues
      3. Opportunities
        1. Infrastructure Protection
        2. Oil & Gas
        3. Power Generation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Inorganic Corrosion Inhibitor Market, By Type, 2020 - 2030 (USD Million)
      1. Anodic inhibitors
      2. Cathodic inhibitors
    2. Global Inorganic Corrosion Inhibitor Market, By Application, 2020 - 2030 (USD Million)
      1. Oil and gas industry
      2. Water treatment plants
      3. Surgery
    3. Global Inorganic Corrosion Inhibitor Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nouryon (Amsterdam)
      2. Henkel (Germany)
      3. The Lubrizol (US)
      4. BASF SE (Germany)
      5. Ecolab Inc. (US)
      6. Solenis LLC (US)
      7. Baker Hughes (US)
      8. Lonza (Switzerland)
      9. The Dow Chemical Company (US)
      10. Suez S.A. (France)
  7. Analyst Views
  8. Future Outlook of the Market