The Global Organic Corrosion Inhibitors Market is pegged to be growing at healthy CAGR rates with tolyltriazole, benzotriazole, organic amines, mercaptobenzothiazole, and phosphonates being widely used in the manufacturing industry. Strong stability of these products results in high usage during manufacture of various products. Developing manufacturing industry has automatically been leading to driven demand for the organic corrosion inhibitors. With growing manufacture segment globally at healthy CAGR, the organic corrosion inhibitors market will parallelly grow at high CAGR rates during the coming 5-6 years of the forecast period.
Positive infrastructure coupled with demand for this product in industrial coatings, cement & concrete and metal applications will be held as the most contributing propellants in the coming 6 years.
Regional Outlook of the Market:
The overall corrosion inhibitors market is noted to be best working in the U.S., which leads us to the point of higher probability of usage of organic corrosion inhibitors in this region. Europe follows as the second leading geography with rise in applications and demand from industries like oil and gas, mining and construction. And on the other hand, APAC will see huge growth prospects in this market owing to sharp urbanization and strong need for reducing maintenance costs in order to make sure they can gain additional leverage. In addition, strong automotive production index in Asia Pacific, driven by product innovation coupled with R&D aimed at commercializing new products will support industry growth.
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What this research report will offer you with:
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is evaluated based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The study includes the demand of this particular market on a global and regional scale for a six-year period (2015-2020), both in terms of volume (kilo tons) and revenue ($ million).
Segmentation Overview of the Industry:
IndustryARC’s global report on organic corrosion inhibitors market includes segmentation of the industry into various types based on deciding factors like:
- By Type: Benzotriazole, Amines, Phosphonates, Aldehydes and Others.
- By Application: Metalworking, Construction, Water Treatment, Oil & Gas, Pulp & Papers, Power Generation, Chemicals, Petrochemicals and Others.
- By Geography: Americas, Europe, APAC and Rest of the World.
Brief on Shares Held by Industry Players:
While GE, Ashland, Ecolab and BASF SE combined together are noted to own nearly 40-50% shares of the total market; Angus Chemical Company, Cortec Corporation, AkzoNobel N.V., Dow, Champion Technologies, Lubrizol, AkzoNobel, Cytec, Halox, Eastman, Daubert, Dai-Ichi, Henkel and Cortec are other leading vendors of the corrosion inhibitors market.
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