Chemical industry reports Corrosion Inhibitors Market Insights, 2024
Hexa Research
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Corrosion Inhibitors Market Analysis, Size, Share, Growth,
Industry Trends and Forecasts, 2016 to 2024 | Hexa Research
The global corrosion inhibitors market size is anticipated to grow beyond USD 8 billion by 2024
on account of the growing metal processing, construction, and power generation sectors.
Corrosion inhibitors have gained popularity in the last few years as they provide reduced
maintenance costs and enhanced equipment service life. The growing applications in power
generation, water treatment, refining, mining, and construction industries are expected to
augment the product demands during the forecast period (from 2016 to 2024). However, the
ill-effects of conventional inhibitors on the plant, marine, and human biology coupled with the
rising disposal issues are likely to hamper the industry growth.
The global market is categorized as end-uses, products, applications, and regions. The end-use
sector includes oil & gas, power generation, pulp & paper, metal processing, and chemical
processing. Power generation was the dominant sector in 2015. It is further expected to grow
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