Corrosion Inhibitors

Corrosion Inhibitors

Growth in the US corrosion inhibitors market will average 2.8% annually through 2020, with demand exceeding $2.8 billion. Growth will be supported by rising manufacturing output and chemical industry capacity expansion in the US. Other key factors influencing the market will be changing power generation patterns favoring recirculating cooling systems and increased public awareness of corrosion-related issues in municipal water following the Flint, Michigan water crisis.

This report segments the corrosion inhibitor industry by application, market, and product. Demand is presented in volume and value terms.
Corrosion inhibitor applications include water treatment and process & product additives. Water treatment will remain the largest segment in 2020. Growth will be faster for product & process additive applications, however, driven by expansion of the US chemicals industry as well as an eventual recovery in oil and gas drilling activity following a particularly weak year in 2015.

Major markets include:
Petroleum Refining
Utilities
Chemical Manufacturing
Oil & Gas Production
Metals
Pulp & Paper

Petroleum refining was the largest outlet for corrosion inhibitors in 2015. The most rapid gains through 2020 are expected to be for the chemical manufacturing market, driven by industry expansion planned to take advantage of low feedstock prices largely made possible by shale gas.
Among the key corrosion inhibitor product chemistries are:
Organics (amines, azoles, and others)
Molybdates
Nitrites
Phosphates
Phosphonates
Silicates

Organics were the largest product category in 2015. Going forward, organic corrosion inhibitors will continue to see the fastest advances due to a combination of good product performance, use in key growth markets, and a more favorable environmental profile than some alternatives.
In addition to a market share discussion for industry leaders, sales estimates and profiles are provided for important suppliers including:
Akzo Nobel
Baker Hughes
Lubrizol
Buckman Laboratories
Chemtura
Ecolab
General Electric
Solenis