Cortec Group announced that a new corrosion inhibitor for hydrostatic testing was certified to meet the standards of ANSI/NSF Standard 61. So, it was safe to use in drinking water system components and opened an opportunity for those who want to fabricate, install, or service drinking water systems with hydro testing safety requirements.
BASF SE partnered with Innospec Fuel Specialties LLC to enhance the value of the ethanol yield industry. The collaboration was made with an agreement to distribute DCI-1 Plus ClearTrak to ethanol plants in the United States. The DCI was a concentrated corrosion inhibitor used to prevent the corrosion of metal and maintain pHe of ethanol.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4926
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing water treatment plants and rising applications in oil and gas industries are the major factors driving the market growth.
The market size of corrosion inhibitors is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.
The availability of alternatives and rising demand for eco-friendly products are estimated to be the growth-hindering factors for market expansion.
The volatile corrosion inhibitors market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are BASF SE, The Dow Chemical Company, Brad-Chem Ltd, LANXESS AG, Cortec Group, SM-Service Ltd., Baker Hughes Company, Lubrizol Corporation, Henkel Company, Ecolab, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by compound, type, end user, and by region.
The segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.