Corrosion Inhibitors Market Updates

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).

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. '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'

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.

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.

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.