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The corrosion and scale inhibitors market is forecast to increase by USD 3.53 billion, at a CAGR of 5.5% between 2023 and 2028. The market is experiencing significant growth due to increasing demand for these products in various industries. Factors driving market expansion include the necessity to protect infrastructure from corrosion inhibitors and scale formation, particularly in water treatment and oil and gas production. Consistency, efficiency, and effectiveness are crucial aspects of corrosion and scale inhibitors, ensuring optimal performance and reducing maintenance costs. Rapid urbanization, leading to the expansion of water treatment plants and wastewater treatment plants, further boosts market growth. In summary, the corrosion and scale inhibitors market is poised for continued expansion, driven by the demand for reliable protection against corrosion and scale formation in diverse industries. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The oil & gas industry faces ongoing challenges in managing fluids and mitigating environmental impacts, driving innovation in biodegradable scale inhibitors for wastewater treatment plants, and meeting potable water demand. Offshore spending is critical amidst fluctuating geopolitics affecting operations worldwide. Chemical solutions like phosphonate scale inhibitor and carboxylate compounds play crucial roles as process & product additives in both oil & gas and refinery sectors, while the metal & mining industry relies on bio-based corrosion inhibitors and inorganic inhibitors to safeguard operations involving platinum group metals and aluminum. In the power generation sector and pulp and paper industry, effective management of fluids and chemical additives is essential for operational efficiency and environmental compliance. As the industry evolves, balancing environmental and handling effects remains paramount, driving advancements in sustainable practices and technologies across the oil and gas segment and related industries.
One of the key factors driving the market growth is the rising demand for corrosion and scale inhibitors. The rising demand for cost-effective chemicals is one of the most important driving factors for the global corrosion and scale inhibitors market. Due to the increasing need for chemicals, both in the municipal and industrial sectors, the demand for chemicals such as corrosion and scale inhibitors that offer a competitive price-performance ratio is high. Corrosion severely affects the safe, reliable, and efficient operation of equipment and production plants.
Additionally, water treatment plants and various industries that use corrosion and scale inhibitors to protect materials from scale and corrosion and treat wastewater are choosing chemicals that are easily available in a short period and are cost-effective. Hence, chemicals that validate the price-performance standards by offering value-added features are expected to experience improved growth. This will generate a more profitable treatment process. Thus, the demand for cost-effective corrosion and scale inhibitors is likely to increase, which will drive the growth of the market during the forecast period.
The introduction of green inhibitors is the primary trend influencing market growth. These are biodegradable inhibitors and do not contain any toxic compounds; therefore, they can be used without affecting the environment, unlike organic inhibitors, which are toxic to the environment. In addition to being biodegradable, green inhibitors are renewable, readily available, and ecologically acceptable. These inhibitors are obtained from natural sources like plants and are generally flavonoids, alkaloids, and other natural products. Due to the stringent regulations by government bodies, these products are appropriate for being utilized in various industrial and municipal applications.
Moreover, corrosion scientists and engineers are inclined toward the implication of green corrosion inhibitors that are inexpensive, readily available, environmentally friendly, ecologically acceptable, and renewable. The different types of green inhibitors are plant extracts, drugs, amino acids, rare earth metal compounds, and others, such as surfactant corrosion inhibitors. The preference for green inhibitors is increasing. Government organizations and research institutes are conducting research on the discovery of green inhibitors. Such research activities will drive the growth of the global corrosion and scale inhibitors market during the forecast period.
Brise in alternative technologies is one of the key challenges hindering market growth. Corrosion and scale inhibitors will most likely be replaced by physical treatment technologies that include UV disinfection and membrane filtration. Strict regulations in some parts of the world promote the reduction and elimination of the use of chemical treatment solutions to obtain purified and clean water. The governments of various countries are ensuring heavy investments in R&D for the development of substitute technologies that can replace water treatment chemicals. Some of the non-chemical methods that are gaining popularity in the global water treatment market are UV treatment, membrane filtration, and organic and biological treatments.
However, North America is investing heavily in R&D for substituting traditional chemicals. Such technological advancements are creating hurdles in the global corrosion and scale inhibitors market. The increase in environmental concerns and rising awareness are leading to reductions in the use of synthetic chemicals and promoting greener and non-chemical solutions to process water. Such factors will hinder the market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE: The company offers global corrosion and scale inhibitors which represent an effective and economical means of minimizing operation costs.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the corrosion inhibitors segment will be significant during the forecast period. Corrosion inhibitors are the largest segment of the global corrosion and scale inhibitors market in 2023 and will continue to be the largest segment of the market during the forecast period. Corrosion inhibitors are widely used to protect products and machinery from being damaged in the heavy industrial manufacturing industry, oil and gas exploration and production industry, chemical industry, petroleum refining industry, water treatment facilities, and product additive industries.
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The corrosion inhibitors segment was valued at USD 7.16 billion in 2018. Carbon steel is widely used in the oil industry because of its cost-effective nature (3 to 5 times cheaper than stainless steel); however, due to its poor corrosion resistance in the aggressive environment, it costs huge for the end-user industries. Therefore, the problem mentioned above can be solved by using corrosion inhibitors. This inhibitor is used in a variety of applications, such as domestic central heating systems, oil pipelines, industrial oil cooling systems, and metal extraction plants. Worldwide, corrosion causes losses that exceed billions of dollars, and to combat these losses, industries around the world use corrosion inhibitors. This factor fuels the demand for corrosion and scale inhibitors. Although stringent government regulations with respect to the toxicity of these inhibitors might restrict the growth of the market, green corrosion inhibitors and nanotechnology in corrosion inhibitors are expected to boost the growth of the market in focus during the forecast period.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest geographical segment of the global corrosion and scale inhibitors market in 2022 and will continue to remain the largest segment during the forecast period. The corrosion and scale inhibitors market in APAC will grow at the fastest CAGR when compared with other geographical segments during the forecast period, owing to the increased consumption of corrosion and scale inhibitors in emerging economies, especially China and India. In APAC, most of the countries are undergoing rapid industrialization. The high growth in various industries, such as power generation, metal and mineral mining, paper and pulp, and food and beverages, has indirectly accelerated the demand for purified or processed water. This has raised the demand for corrosion and scale inhibitors.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Wastewater treatment plants rely on advanced chemical solutions like phosphonate, acrylic scale inhibitor, and sulfonate scale inhibitor to optimize processes and maintain efficiency. These inhibitors play crucial roles in the water treatment application, ensuring effective management of freshwater resources and meeting environmental standards in industrial manufacturing and the pulp & paper industry. In the power and construction industry, as well as in transportation fuel sectors including aviation turbine fuel, corrosion-resistant materials like duplex stainless steel and super duplex stainless steel are essential for durability and safety. The chemical processing industry utilizes organic and inorganic corrosion inhibitors to protect infrastructure and equipment, particularly in metals processing and petrochemical manufacturing. The oil-based and water-based segments of the corrosion inhibitor market cater to diverse needs in the oil & gas production and metals industry, offering volatile corrosion inhibitors and phosphate-infused products to enhance longevity and performance. As infrastructural development continues, these advancements in corrosion prevention and water treatment technologies are crucial for sustainable growth across the chemicals industry and beyond.
Moreover, Wastewater treatment plants rely on a range of chemical additives and inhibitors such as phosphonate, acrylic, and sulfonate scale inhibitors to manage scale and ensure operational efficiency. These inhibitors are crucial in the water-based segment of treatment processes, safeguarding equipment and optimizing treatment outcomes. In industrial manufacturing, particularly in sectors requiring durability and reliability, corrosion-resistant alloys play a pivotal role. These alloys, along with organic corrosion inhibitors, protect critical infrastructure from degradation caused by harsh environments and chemical exposure. For applications in the oil & gas production sector, both water-based and oil-based corrosion inhibitors are essential to prevent corrosion in pipelines and equipment, extending their lifespan and ensuring safety. These products include a mix of inorganic and organic formulations tailored to specific operational conditions. In the sugar and ethanol industry, chemical additives and inhibitors are used extensively to optimize production processes and ensure product quality. The organic segment of the inhibitor market continues to innovate, offering sustainable solutions that meet stringent environmental regulations while enhancing operational efficiency across diverse industrial applications.
Further, the market is driven by the need for effective process and product additives in industrial applications. Key products include phosphonate, acrylic, and sulfonate scale inhibitor, each designed to tackle specific scaling issues. Industrial manufacturers rely on these inhibitors to protect systems from corrosion and scaling, using corrosion-resistant alloy to enhance durability. Water-based corrosion inhibitors and inorganic products are crucial for preventing damage in various environments. As industries seek to improve efficiency and extend the lifespan of their equipment, the demand for advanced inhibitors continues to grow, highlighting their essential role in maintaining operational integrity and reducing maintenance costs.
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Market Scope |
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Report Coverage |
Details |
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Page number |
180 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
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Market Growth 2024-2028 |
USD 3.53 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.9 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 49% |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ashahi Chemical Industries Pvt. Ltd., BASF SE, ChampionX Corp., Clariant AG, Cortec Corp., Croda International Plc, Dai ichi Karkaria Ltd., Daubert Chemical Company, Dow Inc., DuPont de Nemours Inc., Ecolab Inc., Evonik Industries AG, Henkel AG and Co. KGaA, Huntsman Corp., Kemira Oyj, Mersen Corporate Services SAS, Nouryon, Schlumberger Ltd., Solvay SA, and The Lubrizol Corp. |
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Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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