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Marketsandmarkets: Global Corrosion Inhibitor Market Worth $ 5.98 Billion by 2015

March 18, 2011

DALLAS, March 18, 2011 /PRNewswire/ — The “Global Corrosion Inhibitors -
Water & oil based, organic & inorganic type, applications, raw materials
trends & forecasts (2010 – 2015)” report analyzes the corrosion inhibitor
market by type, applications, and geography and studies the major market
drivers, restraints, and opportunities for the corrosion inhibitor in major
geographies of North America, Europe, and Asia.

The global corrosion inhibitor market is expected to grow from $4.80
billion
in 2010 to $5.98 billion in 2015, at an estimated CAGR of 4.5% from
2010 to 2015.

Browse 126 data tables/figures and in-depth TOC on global corrosion
inhibitor market. Early buyers will receive 10% customization on reports.
http://www.marketsandmarkets.com/Market-Reports/Study-Corrosion-Inhibitor-
Market-246.html

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Growth in the end-user industries, growth in Asia, increasing scope of
applications, focus on innovations to produce efficient and safe inhibitor
remain the key drivers for the corrosion inhibitor market. Rising cost of raw
materials, regulatory issues, and environmental concerns are the key
challenges that the industry is facing.

The water based segment, which was estimated to be worth $3.60 billion in
2010, accounted for the largest share; i.e. 75% of the overall corrosion
inhibitor market. This segment is expected to reach $4.54 billion in 2015, at
a CAGR of 4.8% for the same period. Other growth segments, which are expected
to grow at a CAGR of over 3.6%, are oil based and oil soluble water.

Asia has emerged as the largest market for corrosion inhibitors and
accounted for 36% of the overall market in 2010, just edging out Europe at
31% and North America at 27%. The corrosion inhibitor market in North America
was estimated to be worth $1.29 billion in 2010 and is expected to be worth
$1.55 billion in 2015, growing at a CAGR of 3.7% from 2010 to 2015.

The report “Global Corrosion Inhibitors – Water & oil based, organic &
inorganic type, applications, raw materials trends & forecasts (2010 – 2015)”
segments the market on three aspects: by products, by applications, and by
geography. The market covers a host of corrosion inhibitors by six
applications such as power generation, oil & gas and refinery, pulp & paper,
metal & mining, chemical processing, and desalination plant. The second
segmentation discusses the corrosion inhibitor formulation market by types
such as organic and inorganic compounds. The report also discusses the major
technological and market trends along with market share of major industry
players in the corrosion inhibitor market and includes key industry events
such as new product launches, mergers and acquisitions, and agreements. The
objective of report is to highlight key market trends which can be
strategically useful and actionable for the stakeholders; i.e. corrosion
inhibitor manufacturers, water treatment chemicals manufactures, raw material
suppliers, distributors, importers and exporters, and research and consulting
firms in the corrosion inhibitor industry. The entire report is supported
with a number of facts and figures about market size, market revenues, and
company market share analysis. The total number of tables and figures are
about 126 in the report. The report also forecasts the corrosion inhibitor
market till 2015.

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