Applications of Organic Corrosion Inhibitors are anticipated to create new business segments in the market. Organic Corrosion Inhibitors is in use for a broad range of Water Treatment products such as water treatment, metal treatment and, other fields to inhibit corrosion & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Organic Corrosion Inhibitors application is developed towards a more active mode.
Manufacturers are exploring the potential of Organic Corrosion Inhibitors in Refining. Application of Organic Corrosion Inhibitors in environmentally friendly corrosion inhibitors are gaining traction in the recent years. Recently, manufacturers have started using Organic Corrosion Inhibitors in the Construction area. Further, there are also potential uses in the areas of sterilization and corrosion inhibition composite product.
This segment includes Organic Amines, Benzotriazole, etc. In terms of volume, Organic Amines segment is expected to remain dominant in the global Organic Corrosion Inhibitors market.
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. North America is the dominant market in the global Organic Corrosion Inhibitors market in terms of value. The North America Organic Corrosion Inhibitors market was estimated to be valued at US$ 876.01 Mn in 2017 and is expected to expand at a value CAGR of 3.9% over the forecast period. The China market is expected to expand at a robust rate of 3.7% in terms of revenue over the forecast period due to the steadily increasing production capacity for water treatment, metal treatment and products in this region.
BASF, Ecolab, GE, Ashland, DuPont, Dow, AkzoNobel, Champion Technologies, Daubert, Lubrizol, Eastman, Cytec, Dai-Ichi, Henkel, Halox, Cortec, etc. are the key vendors included in this report.
The market concentration of Organic Corrosion Inhibitors is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. BASF Chemical is by far the leader, followed by Ecolab and GE. Key Vendors like Ashland ,DuPont and Dow also play important part in regional market, so the market share in each region is quite different.
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