Latest News- Corrosion And Scale Inhibitors Market: Corrosion inhibitors is expected to lead the Product segment during 2024-2028

The Corrosion And Scale Inhibitors Market is being driven by Rising demand for corrosion and scale inhibitors

The Corrosion And Scale Inhibitors Market is expected to grow at a CAGR of 5.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3529.4 million. Green corrosion inhibitors, derived from natural sources such as plants, are gaining popularity in industries and municipal applications due to their eco-friendly and renewable nature. These inhibitors, which include flavonoids, alkaloids, and other natural products, are biodegradable and do not contain toxic compounds, making them an environmentally sound alternative to organic inhibitors. With increasing regulatory pressure on the use of non-toxic and renewable products, green inhibitors offer a cost-effective and sustainable solution for preventing corrosion and scale formation. Their availability from natural sources, biodegradability, and ecological acceptability make them an attractive choice for corrosion scientists and engineers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Corrosion inhibitors
  • Scale inhibitors
• Type
  • Organic compound
  • Inorganic compound
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for corrosion and scale inhibitors
• Consistency, efficiency, and effectiveness of corrosion and scale inhibitors
• Rapid urbanization

However, the market also witnesses some limitations, which are as follows:

• Rise in alternative technologies
• Wastewater treatment residue management
• Regulatory issue associated with corrosion and scale inhibitors

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Market Scope in Corrosion And Scale Inhibitors Market Research Report

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Research Analysis Overview

The Scale Inhibitors market encompasses the use of Chemical agents, specifically Scale Inhibitors, to prevent the formation of mineral scales in Fluids. Biodegradable Scale Inhibitors are gaining popularity due to increasing Potable water demand. Offshore spending and Geopolitics influence market dynamics. Phosphonate Scale Inhibitor and Carboxylate are common types. Water treatment applications include Transportation fuel, Aluminum, and Power generation sector. Organic segment dominates, with Bio-based Corrosion Inhibitors and Inorganic Inhibitors also significant. Industries like Platinum group metals use Corrosion Inhibitors.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals, including but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue of these companies. Factors fueling market expansion include the increasing preference for specialty adhesives and sealants, driven by escalating demand for potable water and the need to prevent corrosion and scale formation in fluids. Biodegradable scale inhibitors, a subset of specialty chemicals, are gaining traction due to environmental concerns and regulatory compliance.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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