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the next eight years. The inorganic inhibitors sector is also said to witness increased demands on
account of the favorable ecological regulations on these inhibitors in the United States, United
Kingdom, and Germany.
The applications sector comprises oil-based and water-based applications. The water-based sector is
anticipated to experience fast growth, specifically in water treatment sector, as a result of lower
emissions of Volatile Organic Content (VOC) as compared to the solvent-based applications. The oil-
based applications are likely to witness slow growth due to their limited application base, safety
hazards, and high flammability. However, steady performance of oil-based inhibitors is projected to
boost the demands in the near future.
The North American market will have lucrative growth with a CAGR of over 5 % from 2016 to 2024.
The Middle East & Africa is anticipated to grow significantly due to the factors such as the presence of
various oil & gas reserves and growing infrastructural development in different countries including
Saudi Arabia, South Africa, etc.
Some of the major companies in the corrosion inhibitors market are Ashland Inc.; Cortec Corp.; and
Ecolab Inc.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/disinfectants-and-
preservatives-industry
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