USD 8.57 Billion
Global Corrosion Inhibitors Market Size, Share, Growth Analysis, By Type (Oil-based, Water-based), By End Use (Oil & Gas, Water Treatment), By Product (Organic, Inorganic), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG15E2566 |
Region:
Global |
Published Date: January, 2025
Pages:
190
|Tables:
90
|Figures:
66
Corrosion Inhibitors Market Insights
Global Corrosion Inhibitors Market size was valued at USD 8.57 Billion in 2023 and is expected to rise from USD 8.88 Billion in 2024 to reach a value of USD 11.78 Billion by 2032, at a CAGR of 3.6% during the forecast period (2025-2032).
Growing emphasis on improving corrosion protection and growing oil & gas industry are slated to primarily boost sales of corrosion inhibitors over the coming years. Rapid industrialization to support economic growth is also expected to promote the adoption of corrosion inhibitors in multiple industry verticals going forward. Increasing number of water treatment facilities and rising awareness regarding importance of corrosion protection are also slated to drive the global corrosion inhibitors market growth in the future. Rising investments in the development of new corrosion inhibitor formulations are also expected to offer new business scope for corrosion inhibitors providers in the long run. On the contrary, availability of substitutes, fluctuations in raw material pricing, imposition of stringent regulations, and lack of awareness in developing regions are slated to impede the adoption of corrosion inhibitors across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Oil-based
Fastest Growth
Water-based
Growth Rate
3.6% CAGR
Global Corrosion Inhibitors Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Corrosion Inhibitors Market Segments Analysis
The global corrosion inhibitors market is segmented based on product, type, end use, and region. Based on product, the market can be segmented into organic and inorganic. Based on end use, the market is segmented into oil and gas, power generation, metal processing, water treatment, chemical processing, paper and pulp, and others. Based on type, the market is segmented into water-based and oil-based. Based on the Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Analysis by Type
The oil-based segment is projected to account for the largest global corrosion inhibitors market share in the future. The ability of oil-based corrosion inhibitors to provide superior protection in harsh conditions allows it to hold sway over other types of corrosion inhibitors. The oil & gas industry is estimated to emerge as a key end user of oil-based corrosion inhibitors owing to high exposure to corrosive chemicals and environments. High reliability and successful application in high-velocity applications are also expected to bolster the sales of oil-based corrosion inhibitors over the coming years. Increasing oil & gas exploration and offshore energy projects are slated to bolster the demand for oil-based corrosion inhibitors going forward.
Meanwhile, water-based corrosion inhibitors are slated to account for the second-largest share of the global corrosion inhibitors industry. Increasing emphasis on sustainability and growing demand for eco-friendly corrosion inhibitors are expected to help create new opportunities via this segment. Extensive adoption of water-based corrosion inhibitors in pipelines and cooling systems is expected to help boost revenue generation in the future. Growing demand for water treatment around the world and need for stable corrosion inhibitors are also slated to help this segment contribute significantly to market development in the long run.
Analysis by End Use
The oil & gas segment to projected to spearhead the global corrosion inhibitors market forecast over the coming years. Rising investments in oil & gas exploration activities to meet the surging demand for energy is expected to cement the dominance of this segment. Growing emphasis on improving safety in oil & gas operations and improving efficiency are also expected to promote the demand for corrosion inhibitors in the future. Exposure of oil & gas machinery to highly corrosive chemicals and environments also makes corrosion inhibitors an unmissable part of their operations thereby further cementing the dominant stance of this segment through 2031.
Meanwhile, the demand for corrosion inhibitors in water treatment is slated to rise at a notable pace across the study period. The increasing emphasis on improving water and wastewater management to satisfy the growing demand for potable water is helping this segment generate new opportunities. Continual exposure to water for water treatment equipment makes them more prone to corrosion, thereby making corrosion inhibitors essential to prolong the life of water treatment equipment and machinery. Eco-friendly and sustainable corrosion inhibitors are projected to be highly sought-after for water treatment end users in the long run. Asia Pacific and Europe are slated to be leading markets for companies focusing on water treatment and use through 2031.
Global Corrosion Inhibitors Market By Type
To get detailed analysis on other segments, Request For Free Sample Report
Corrosion Inhibitors Market Regional Insights
The Asia Pacific region is expected to secure the top spot in terms of corrosion inhibitors market size in the future. Growing industrialization, increasing use of corrosion inhibitors in multiple industry verticals, and rising awareness regarding benefits of corrosion inhibitors adoption are helping this region maintain its dominant stance. China is expected to emerge as the leading revenue generator for corrosion inhibitors providers focusing on this region. India, Japan, and South Korea are slated to be other rewarding markets in the long run. Increasing urbanizations and rising establishment of new water treatment facilities are also slated to create an opportune setting for companies in this region.
Meanwhile, the demand for corrosion inhibitors in North America is estimated to hold the second-largest share in the global market. The presence of a robust oil & gas industry, growing emphasis on reducing downtime in industries, and rising manufacturing activity are offering new opportunities in this region. The United States is forecasted to be the most opportune market in this region through 2031 followed by Canada. High investments in the development of advanced corrosion inhibitors formulations and quick adoption of the same are also slated to boost revenue generation in the North American region going forward.
Global Corrosion Inhibitors Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Corrosion Inhibitors Market Dynamics
Drivers
Demand from Oil & Gas Industry
- Surging demand for petroleum products and energy around the world has led to an increase in oil & gas industry operations. Corrosion inhibitors play a vital role in protecting pipelines, storage tanks, and drilling equipment from corrosive environments. This is why expansion of the oil & gas industry is slated to benefit the sales of corrosion inhibitors over the coming years.
Advancements in Corrosion Inhibitor Formulations
- Investments in the development of eco-friendly and multi-functional inhibitors are rising around the world as they enhance the performance and efficiency of industrial equipment and other corrosive products. New formulations are more efficient in harsh environments, such as marine and chemical industries, thereby creating new opportunities for corrosion inhibitors suppliers in the long run.
Restraints
Volatility in Raw Material Pricing
- Corrosion inhibitors are produced using raw materials such as amines, phosphates, and silicates. These raw materials are subject to volatility in pricing due to supply chain disruptions, trade bans, etc. This volatility could result in increased production costs and even have a negative effect on the profitability of companies going forward.
Availability of Substitutes
- Corrosion inhibitors are not the only way to prevent corrosion, and this high availability of multiple substitutes is expected to have a negative impact on the global corrosion inhibitors market forecast going forward. Coatings, cathodic protection, and electrochemical methods are some popular alternatives that are expected to impede the sales of corrosion inhibitors in the future.
Request Free Customization of this report to help us to meet your business objectives.
Corrosion Inhibitors Market Competitive Landscape
Corrosion inhibitors manufacturers should focus on developing novel products that stand out from the competition. Investing in the development of smart valves equipped with advanced technologies is also estimated to be a key strategy for corrosion inhibitors providers in the future. Product innovation is estimated to play a vital role in helping corrosion inhibitors companies maximize their revenue generation potential through 2031 and beyond.
Top Player’s Company Profiles
- 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
Recent Developments
- In May 2024, ASCOTEC, a leading provider of anti-corrosion products announced the launch of its new liquid corrosion inhibitor. ASCONIUM® 500 is a sustainable corrosion inhibitor as the company has made it VOC and heavy metal-free thereby making it suitable for multiple eco-friendly applications.
- In August 2023, Wiseman Industries, a leading chemicals company based in England announced the launch of its new EVERAD Rapid Inhibitor Test Strip to help ensure the correct level of corrosion inhibitors as per Building Regulations Part L BS 7593. A new application to keep records of test results was also launched by Wiseman.
Corrosion Inhibitors Key Market Trends
- Use in Automotive Industry: Corrosion inhibitor providers can focus on improving their business in the automotive industry vertically going forward. Lightweight metals such as aluminum and magnesium are used extensively in electric vehicles and require advanced corrosion protection, creating new opportunities for inhibitor manufacturers across the study period and beyond.
- Development of Eco-friendly Corrosion Inhibitors: Corrosion inhibitor manufacturers are expected to invest in the research and development of eco-friendly products to maximize their business scope. Imposition of stringent regulations to maintain sustainability and efforts to reduce use of toxic chemicals are also estimated to create new opportunities for corrosion inhibitors suppliers in the long run.
Corrosion Inhibitors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid industrialization around the world and growing oil & gas industry are expected to bolster corrosion inhibitor demand in the future. However, fluctuations in raw material pricing and availability of substitutes are estimated to impede the global corrosion inhibitors market growth in the future. The presence of strong industrial infrastructure and growing automotive manufacturing are helping the Asia Pacific region emerge as the leading market for corrosion inhibitor companies in the world. The development of eco-friendly corrosion inhibitors is slated to emerge as a major corrosion inhibitors market trend for all companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.57 Billion |
| Market size value in 2032 | USD 11.78 Billion |
| Growth Rate | 3.6% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Corrosion Inhibitors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Corrosion Inhibitors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Corrosion Inhibitors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corrosion Inhibitors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corrosion Inhibitors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Corrosion Inhibitors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
