According to the recent market study by Technavio, the Corrosion and Scale Inhibitors Market Size is expected to grow up to USD 2.71 billion from 2020 to 2025, progressing at a CAGR of 4.9% during the forecast period. The rising demand for corrosion and scale inhibitors will drive the demand for the corrosion and scale inhibitors market.
APAC will register the highest growth rate, occupying 43% of the global market share. China and Japan are the key markets for corrosion and scale inhibitors in North America. The market growth in this region will be faster than the growth of the market in other regions. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets. View Sample Report
Vendor Insights:
The corrosion and scale inhibitors market is fragmented and highly competitive due to the presence of many regional and global vendors. To remain competitive in the market, vendors are adopting both forward and backward integration in a cost-effective way. Vendors are also focusing on expanding their product portfolios by increasing investments in R&D.
Akzo Nobel NV: The company offers corrosion and scale inhibitors such as Org 25935 - GlyT1 Inhibitor and Org 42675 - Antithrombotic Dual Inhibitor.
Ashland Global Holdings Inc.: The company offers Dextrol MF-31 phosphate ester surfactant which is used in corrosion inhibition.
BASF SE: The company offers Basoscale scale inhibitors which are polymer scale inhibitors used in temperature and salinity applications.
Dow Inc.: The company offers corrosion and scale inhibitors like Antiscalants, Traceable scale inhibitors, and Scalant removal.
Ecolab Inc.: The company offers corrosion and scale inhibitors such as 3D TRASAR control systems used for cooling water.
Regional Market Outlook
The corrosion and scale inhibitors market growth in North America will be significant during the forecast period. The growth of the corrosion and scale inhibitors market in North America can be attributed to the rapid proliferation of gyms and the growing smartphone penetration among consumers. The report also offers detailed insights into the growth of the market across APAC, MEA, Europe, and South America.
Latest Drivers & Trends Driving the Market
Corrosion and Scale Inhibitors Market Driver: Rising demand for corrosion and scale inhibitors:
Corrosion and scaling affect the safe, reliable, and effective operation of various equipment and production plants. Some of the negative effects of corrosion and scaling include the shutdown of production plants due to failure, increase in contamination, and loss of efficiency. Hence, it has become imperative for various industrial operators and water treatment plants to use corrosion and scale inhibitors to protect material and equipment from the negative effects of corrosion and scaling. All these factors are contributing to the growth of the market in focus.
Corrosion and Scale Inhibitors Market Challenge: Introduction of green inhibitors:
Regulatory bodies across the world are introducing stricter norms that are forcing industrial operators to use appropriate materials or products in various applications. To comply with such regulations, end-users in the market are exhibiting an increased preference for green inhibitors. Vendors are also focusing on introducing biodegradable corrosion and scale inhibitors to reduce their footprint. This trend is expected to have a positive impact on the growth of the market during the forecast period.
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.
Key Data covered in the Corrosion and Scale Inhibitors Market Report:
Precise market size estimation during the forecast period 2020-2025.
CAGR of the corrosion and scale inhibitors market forecast.
Market level data on units, average selling prices, and values of the corrosion and scale inhibitors market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the corrosion and scale inhibitors market.
Corrosion and scale inhibitors industry growth across APAC, North America, Europe, MEA, and South America.
