Global Corrosion Inhibitors Market share & Forecast to 2023

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Corrosion Inhibitors Market by Product Type,
Players and Regions-Forecast to 2023
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Global Market Scenario of Corrosion Inhibitors
Industry

• Corrosion Inhibitors Market size is set to
  surpass USD 8 billion by 2023 according to a new
  research report by Global Market Insights, Inc.
• The industry has benefitted from the escalating
  construction sector globally. The product is
  extensively used in coating applications across
  construction materials including bolts, nuts,
  steel, steel bars and metal parts for protection
  against corrosion.
• It helps in upscaling construction material
  durability which increases the overall life of
  the structure. In addition, the overall
  construction spending was approximately USD 7
  trillion in 2015 it is poised to cross USD 13
  trillion by 2023 owing to positively influence
  the industry growth through the estimated
  timeframe.

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Continued...

• The product is a vital water treatment chemical
  feedstock. Growing water treatment chemicals
  industry due to decreasing clean/pure water
  resources on account of increasing
  industrialization will propel the overall
  corrosion inhibitors market share by 2023.
  Additionally, the global water treatment
  chemicals business is projected to surpass USD 30
  billion by 2023, it will subsequently boost the
  industry growth.
• Corrosion inhibitors market size is strictly
  regulated and directed by government regulations
  towards product disposal and exposure to human.
• Chromium, phosphorous and zinc are the major
  materials, release of these raw materials causes
  adverse effects on the environment. This is the
  major factor obstructing the overall industry
  growth in the coming years. Nevertheless, the
  industry participants are involved in RD and
  commercialization of ecofriendly products and has
  created new growth avenues for the global
  corrosion inhibitors market size.

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MEA corrosion inhibitors market share, by
end-use, 2012-2023 (USD Million)
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360 Analysis

• Corrosion Inhibitors Market, By Product
• Inorganic corrosion inhibitors market size is
  analyzed to witness moderate gains more than 3
  CAGR over the projected timeframe. The inorganic
  industry can be segregated as anodic and cathodic
  products based on its action mechanism on metals
  such as magnesium, zinc and nickel.
• Corrosion Inhibitors Market, By Application
• Corrosion inhibitors market size for water based
  dominated the global industry in 2015. The
  industry growth for the segment is primarily
  driven by growing water treatment chemicals need.
  Furthermore, growing industries including
  refining, construction, mining and power
  generation is likely to positively influence the
  global industry growth over the projected
  timeframe.
• Corrosion Inhibitors Market, By End-use
• In 2015, North America, led by the U.S. corrosion
  inhibitors market size was valued roughly around
  USD 1.5 billion. Positive outlook from the
  regional construction industry post 2008 economic
  turmoil is one among the major factor
  contributing business growth.

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