Your Catalyst to a Lucrative Business
Corrosion Inhibitors Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global corrosion inhibitors market size is anticipated to grow beyond
USD 8 billion by 2024.”
03 December 2018
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 due to the increasing government
investments for various power generation projects in order to fulfill the rising energy needs. Oil & gas is
estimated to become the fastest-growing sector.
Browse Details of Report @ https://www.hexaresearch.com/research-report/corrosion-inhibitors-market
The product sector of the corrosion inhibitors market involves organic and inorganic inhibitors. The
organic inhibitors sector is projected to experience rapid revenue growth with a CAGR of over 6 % over
Follow Us: