Organic Corrosion Inhibitors Market Size and Growth Rate:
According to the latest reports published by Research Cosmos, Organic Corrosion Inhibitors Market was valued at USD xx million in 2018 and projected to reach USD xx million by 2025 growing at a CAGR of xx% during the forecast period 2018 to 2025.
Organic Corrosion Inhibitors Market – Growth Drivers and Restraints:
The organic corrosion inhibitors are used to increase the corrosion resistance generally for a metal or an alloy. The metal materials are protected with the neutralized corrosive agents. Organic corrosions inhibitors are used in industry for fuels, boiler water and engine oil depending on the composition. Basically, oxygen, hydrogen sulfide and carbon dioxide are corrosion agents. Organic corrosion inhibitors are used for surface absorption which acts as a film forming.
The rapid increase in the population which proportionally demands building construction is a major factor propelling the growth of the market. The shifting trends towards eco friendly chemical substrates are additionally accelerating the growth of the market.
However, the improper selection of the organic corrosion inhibitors composition is restraining the growth of the market. The rising demand of inorganic inhibitors is remained as a challenging factor in the market.
The technological developments improve the life time and can withstand at any harsh environmental condition is certainly surging the growth opportunities of the market. Their need is essentially growing over the developed and developing countries, which is another chance for the market to grow.
Organic Corrosion Inhibitors Market – Geographical Overview:
North America is anticipated to lead the market shares, owing to high production sales and also increased utilization of these inhibitors to improve the life time of the products. Asia Pacific is following North America in accounting largest shares with the growing water treatment plants and launching government policies in order to supply drinking water to all areas. Europe and Middle East & Africa are expecting the prominent growth in the coming years.
Some of the promising companies leading the Organic Corrosion Inhibitors Market are:
- GE Water
- Afton Chemical
- Baker Hughes
- Angus Chemical Company
- Cortec Corporation
- ChemTreat, Lubrizol
- ICL Advanced Additives
- King Industries
- Daubert Chemic
This research report includes following segmentation for the Organic Corrosion Inhibitors Market size and forecast until 2025:
Organic Corrosion Inhibitors Market – By Type:
Organic Corrosion Inhibitors Market – By Application:
- Power Generation
- Oil & Gas and Refinery
- Pulp & Paper
- Metal & Mining
- Chemical Processing
Organic Corrosion Inhibitors Market – By Geographical Segmentation:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa