The global demand for Corrosion Inhibitors Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Corrosion inhibitors extend the life of metals and alloys by preventing corrosion and rusting, and increase oil and gas production in various end-use industries, including power generation, oil and gas, refinery, metal and mining, pharmaceutical and utilities, and others. The use of corrosion inhibitors in industries reduces maintenance and repair costs, extends the useful life of equipment,along with reducing product loss. Corrosion inhibitors are available in various forms, namely, gaseous, liquid, powdered and solid.
Market Dynamics
The oil and gas industry's rise in demand for corrosion inhibitors is the root cause fuelling the market growth rate. Moreover, the growing use of corrosion inhibitors for a wide range of end-user applications such as power generation, chemical processing, and other end-user applications will also directly and positively impact the market's growth rate. Besides that, the rising number of power plants, increasing crude oil production, and increasing buildings and construction projects propel the market growth. In addition, rising expenditure for research and development proficiencies by the major companies and growing focus on the technological advancements and modernization of manufacturing techniques will further carve the way for the market's growth. However, several environmental concerns and issues associated with raw materials used in corrosion inhibitors are expected to hamper the market's growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of corrosion inhibitors. The growth and trends of Corrosion Inhibitors Industry provide a holistic approach to this study.
Market Segmentation
This section of the corrosion inhibitors market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Type
By End-Use
- Power Generation
- Oil & Gas
- Paper & Pulp
- Metal Processing
- Chemical Processing
- Water Treatment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Corrosion Inhibitors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Corrosion Inhibitors Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the corrosion inhibitors market include Nouryon, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, Dow, DuPont de Nemours, Inc., Baker Hughes, a GE company LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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Frequently Asked Questions (FAQs) about this Report
b. The global corrosion inhibitors market size was estimated to be worth USD 9.32 Billion in 2021.
b. For the years 2023-2028, the global corrosion inhibitors market growth is expected to be around 4.8%.
b. The global corrosion inhibitors market is currently dominated by Asia Pacific.
b. The global corrosion inhibitors market is segmented by Product (Organic, Inorganic), by Type (Water Based, Oil Based), by End-Use (Power Generation, Oil & Gas, Paper & Pulp, Metal Processing, Chemical Processing, Water Treatment, Others).
b. The leading players in the global corrosion inhibitors market are nouryon, Cortec Corporation, Ashland, Ecolab, Henkel Ibérica, S.A., The Lubrizol Company, BASF SE, Dow, DuPont de Nemours, Inc., Baker Hughes, a GE company LLC.