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Corrosion Inhibitors Market Share Jodie Meeks Jersey , Analysis, Trends To 2020 by Grand View Research, Inc. Business Articles | May 17, 2016
Grand View Research has announced the addition of "Corrosion Inhibitors Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
Global corrosion inhibitors market is expected to reach USD 7.55 billion by 2020, according to a new study by Grand View Research, Inc. 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. Corrosion inhibitors are also used in construction industry as part of preventive maintenance for metallic structures. Mexico Ian Mahinmi Jersey , China, Brazil and India are expected to witness exponential rise in infrastructure and construction which is expected to augment demand for corrosion inhibitors.
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.
Browse full research report on Global corrosion inhibitors market:?http:www.grandviewresearchindustry-analysiscorrosion-inhibitors-market
Further key findings from the study suggest:
Global corrosion inhibitors market demand was 4 Otto Porter Jersey ,659.8 kilo tons in 2013 and is expected to reach 6,340.7 kilo tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020.? 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.? 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 Jason Smith Jersey , Ashland, Ecolab, GE Water, DuPont, Dow Chemicals Company, Champion Technologies Marcin Gortat Jersey , Cytec, and Lubrizol Corporation.
?Read detailed report or request for sample of this research report:?
http:www.grandviewresearchindustry-analysiscorrosion-inhibitors-marketrequest
For the purpose of this study, Grand View Research has segmented the global corrosion inhibitor market on the basis of product, application, end-use and region:
Corrosion Inhibitor Product Outlook (Volume, Kilo Tons; Revenue Kelly Oubre Jr. Jersey , USD Million, 2012 – 2020)
??? ??? ??• Organic corrosion inhibitor
? ??? ??? ??• Inorganic corrosion inhibitor
? ??• Corrosion Inhibitor Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
? ??? ??? ??• Water based
? ??? ??? ??• OilSolvent Based
? ??• Corrosion Inhibitor End-use Industry Outlook (Volume, Kilo Tons; Revenue Tim Frazier Jersey , USD Million, 2012 – 2020)
? ??? ??? ??• Power generation
? ??? ??? ??• Oil & gas
? ??? ??? ??• Pulp & paper
? ??? ??? ??• Metal processing
? ??? ??? ??• Chemicals processing
? ??? ??? ??• Others
? ??• Corrosion Inhibitor Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
? ??? ??? ??• North America
? ??? ??? ??• Europe
? ??? ??? ??• Asia Pacific
? ??? ??? ??• RoW
Browse more reports of this category by Grand View ?Research :?http:www.grandviewresearchindustrydisinfectants-and-preservatives?
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