GITNUX MARKETDATA REPORT 2024

Corrosion Inhibitors Industry Statistics

The Corrosion Inhibitors industry is expected to show steady growth in the coming years, driven by increasing infrastructure development and demand for effective corrosion prevention solutions across various end-use sectors.

Statistic 1

"The global corrosion inhibitors market size was valued at USD 7.47 billion in 2019."

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Statistic 2

"North America held the largest share in the corrosion inhibitor industry in 2020 with 34%."

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Statistic 3

"By 2021, the global demand for corrosion inhibitors is projected to reach 6.4 million metric tons."

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Statistic 4

"The Asia Pacific will register the fastest growth in the corrosion inhibitors market, with an estimated CAGR of 5.5% from 2021 to 2026."

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Statistic 5

"Organic inhibitors held a larger market share than inorganic inhibitors in 2019, capturing over 60% of the total share."

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Statistic 6

"Demand for oil-soluble corrosion inhibitors is projected to grow at a higher pace than water-soluble inhibitors due to their versatility."

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Statistic 7

"Latin America's corrosion inhibitors market is expected to grow significantly due to the increasing number of oil & gas exploration projects."

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Statistic 8

"The market for corrosion inhibitors in the Middle East and Africa is expected to register a CAGR of over 4% in the forecast period of 2021-2026."

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Statistic 9

"Inorganic inhibitors are projected to grow at a CAGR of 4.0% from 2021 to 2026."

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Statistic 10

"The water Treatment application segment is the largest user of corrosion inhibitors and is expected to remain so in the future."

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Statistic 11

"The water-based corrosion inhibitors segment is projected to register a CAGR of 4.5% over the forecast period."

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Statistic 12

"North America will continue to hold a significant market share of the global corrosion inhibitors market, driven by increased oil and gas exploration activities."

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Statistic 13

"The Solids corrosion inhibitors segment is projected to register a modest growth rate of 3.9 % from 2021 to 2026."

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Statistic 14

"The oil & gas industry segment is expected to dominate the corrosion inhibitors market during the forecast period, contributing over 30% to the global demand."

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Statistic 15

"The demand for VCI (Vapor Corrosion Inhibitor) technology is expected to grow at a faster rate than other technologies from 2021 to 2026."

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Statistic 16

"The buildings & construction industry segment is projected to display significant growth in the corrosion inhibitors market in the coming years, due to increasing urbanization."

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Statistic 17

"Volatile raw material prices pose a significant challenge to the growth of the corrosion inhibitors industry."

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