Corrosion Inhibitor FAQ

A Corrosion Inhibitor is an anti-corrosive. It is a chemical compound that reduces the rate at which a material corrodes. Typically, this material is a metal or an alloy. By delaying the onset of corrosion, the material can be protected and used more effectively. Here are some examples of applications for a CoI. These include: pipe insulation, steel, and metal.

The global market for corrosion inhibitor is split into regions, with regions of North America, Europe, and Asia Pacific grouped into France, Germany, Italy, Spain, and Rest of Europe. The Asia Pacific region is subdivided into China, India, Japan, and South Korea, while the Middle East & Africa region is further divided into the GCC and South Africa. These industries represent the largest segments of the corrosion inhibitor market.

This article identifies the major market trends, drivers, and restraints for the Corrosion Inhibitor industry. Each segment is assessed and compared to the global market for that specific product. This also explores macroeconomic and government policies as they impact the industry.

North America dominates the corrosion inhibitor market. The region has a large oil and gas reserve, which is driving the demand for corrosion inhibitors. The region is expected to expand at a considerable rate during the forecast period, thanks to increasing infrastructure development, environmental concerns, and the increasing number of oil and gas operations in the region. Latin America is another key region for the corrosion inhibitor market, as the country has been steadily expanding its economy in recent years.

In 2018, the Asia-Pacific region led the market for Corrosion Inhibitors. The region is largely driven by the growth of oil and gas industry, which is expected to reach USD 94 trillion in 2040. This is due in part to increased investments in infrastructure, with a further 3.4 trillion needed to meet the Sustainable Development Goals in electricity and water. Countries in the APAC region are the fastest growing markets and are projected to account for nearly 50% of the global infrastructure market by 2040.

A Corrosion Inhibitor must be able to inhibit the corrosion of all materials exposed to it. It should also be effective in both low and high pH environments and should remain active under extreme operating conditions. In addition, it should not form deposits on the surface of metal. It should also suppress both localized and uniform corrosion. It should also be non-toxic and should have a broad range of application.