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Global Corrosion Inhibitors – Water & Oil Based, Organic & Inorganic Type, Applications, Raw Materials Trends & Forecasts (2010 – 2015)
Markets and Markets, March 2011, Pages: 373
A corrosion inhibitor is a chemical compound that, when added to a liquid or gas, decreases the corrosion rates of a material, typically a metal or an alloy. Corrosion inhibitors will remain the largest product segment within water treatment chemicals market. Corrosion inhibitor is expected to be worth $5.98 billion in 2015, at a CAGR of 4.5%. Corrosion inhibitors are largely grouped under organic and inorganic products. The suitability of any given chemical for a task in hand depends on the material of the system it has to act in, the nature of the substances it is added into, and their relative PPM levels. Most of the corrosion inhibitors would apply to industrial applications such as power generation, oil & gas, refinery, pulp & paper, chemical processing, and metal & mining.
This report describes the major active materials in formulating corrosion inhibitors, their consumption by volume, and their value at the level of sale by the manufacturers to the end consumers. Relatively higher growth rates are expected in the developing regions such as China because of the increasing industrial production of oil, government's new focus on water resources, and the announced investment in water treatment plants.
The report discusses corrosion inhibitors market by major regions such as North America, Asia, Europe, and Rest of the World (ROW). Some of the leading companies in corrosion inhibitors covered extensively in the report are Nalco Company, GE Water, and BASF Corporation.'
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