Inorganic Corrosion Inhibitor Market Size, Share, Growth, Trends, and Forecast 2030

Inorganic Corrosion Inhibitor Industry Prospective:

The global inorganic corrosion inhibitor market size was evaluated at $9 million in 2022 and is slated to hit $12 million by the end of 2030 with a CAGR of nearly 4% between 2023 and 2030.

Request Free Sample

Inorganic Corrosion Inhibitor Market: Overview

An inorganic corrosion inhibitor is referred to as a substance acting as a barricade for metals. It prevents the metals from getting rusted. Furthermore, a spectrum of metals including copper, aluminum, and zinc used in various end-use sectors find application in containers, bridges, machines, and pipes. However, the latter are susceptible to corrosion when exposed to air, soil, and water. In addition to this, metal industries need inexpensive anti-corrosion chemicals for the purpose of coating. Furthermore, when these chemicals are applied to the product or any system it produces a protective layer for resisting corrosion.

Key Insights

• As per the analysis shared by our research analyst, the global inorganic corrosion inhibitor market is projected to expand annually at the annual growth rate of around 4% over the forecast timespan (2023-2030)
• In terms of revenue, the global inorganic corrosion inhibitor market size was evaluated at nearly $9 million in 2022 and is expected to reach $12 million by 2030.
• The global inorganic corrosion inhibitor market is anticipated to grow rapidly over the forecast timeline owing to extensive usage of inorganic corrosion inhibitors in the piping of oil and gas and wastewater treatment applications.
• In terms of type, the anodic inhibitors segment is slated to register the highest CAGR over the analysis period.
• Based on application, the oil & gas segment is projected to record a massive surge in the coming years.
• Region-wise, the Asia-Pacific inorganic corrosion inhibitor industry is expected to register the fastest CAGR during the assessment timeline.

Request Free Sample

Inorganic Corrosion Inhibitor Market: Growth Factors

Rise in the use of product in wastewater treatment and automotive sectors to drive the global market surge by 2030

Inorganic corrosion inhibitors majorly find applications in wastewater treatment, and this will steer the expansion of the global inorganic corrosion inhibitor market. In addition to this, extensive usage of inorganic corrosion inhibitors in the piping of oil and gas will further propel the growth of the global market. Humungous demand for products due to the adverse impact of chromium as well as lead inhibitors will prompt global market trends. Escalating demand for products in oil & gas, chemical processing, and power generating sectors will expand the scope of the global market in the years to come. New product launches and strategic alliances are anticipated to contribute majorly towards the global market size in the years ahead. For instance, in June 2023, Biesterfeld Spezialchemie GmbH, a key distributor of specialty chemicals, and Cortec Corporation, a key U.S.-based player manufacturing corrosion systems, signed an agreement for distributing anti-corrosion additives for varnishes and paints. The move is likely to boost the expansion of the market globally in the coming years.

Inorganic Corrosion Inhibitor Market: Restraints

Easy availability of substitute products can put brakes on the global industry expansion by 2030

The introduction of ceramic and plastic pipes that possess high durability and a rust-free environment is expected to replace the metal pipes. This, in turn, can impede the growth of the inorganic corrosion inhibitor industry globally.

Inorganic Corrosion Inhibitor Market: Opportunities

A rise in the research activities related to producing inhibitors devoid of lead & chromium will open new growth avenues for the global market

Ongoing research for the development of chromium & lead-free inhibitors is likely to open new opportunities for the market in the near future. Rise in the industrialization in developing countries will create new growth vistas for the global market.

Inorganic Corrosion Inhibitor Market: Challenges

Stringent regulations related to the use of products will prove to be a huge challenge for the global industry 

Strict government laws regulating the use of inorganic corrosion inhibitors in various end-use sectors can prove to be a huge challenge for the global inorganic corrosion inhibitor market growth.

Inorganic Corrosion Inhibitor Market: Segmentation

The global inorganic corrosion inhibitor market is sectored into type, application, and region.            

In type terms, the global inorganic corrosion inhibitor market is segregated into anodic inhibitors and cathodic inhibitors segments. Furthermore, the anodic inhibitors segment, which acquired approximately two-thirds of the global market share in 2022, is expected to register the fastest rate of growth in the next couple of years. The growth of the segment during the projected timeframe can be ascribed to the use of the product on harbors, extensions, and docks for reducing accidents. Moreover, these products block anode response that forms film that is adsorbed on the surface of any metal.  

Based on the application, the global inorganic corrosion inhibitor industry is sectored into oil & gas, water treatment plants, and surgery segments. Moreover, the oil & gas segment, which gathered the largest share of the global industry in 2022, is predicted to lead the segmental space in the upcoming years. The expansion of the segment in the years ahead can be owing to the rise in the demand for inorganic corrosion inhibitors in the oil & gas segment.

Inorganic Corrosion Inhibitor Market: Report Scope

Inorganic Corrosion Inhibitor Market: Regional Insights

North America is predicted to maintain its dominant position in the global inorganic corrosion inhibitor market over the projected period

North America, which amassed nearly 43%of the global inorganic corrosion inhibitor market revenue share in 2022, is predicted to lead the regional space in the ensuing years. Additionally, the regional market expansion over the coming years can be credited to the thriving oil & gas sector along with a surge in the shale gas exploration requiring product usage for preventing corrosion. Apart from this, the massive presence of key market players in the region will steer the regional market trends.

The Asia-Pacific inorganic corrosion inhibitor industry is set to register the highest CAGR in the upcoming years subject to huge product penetration in oil & gas, wastewater treatment, and automotive sectors. Furthermore, a rise in the consumption of the product in the region will further proliferate the size of the industry in the region.

Inorganic Corrosion Inhibitor Market: Competitive Space

The global inorganic corrosion inhibitor market profiles key players such as:

• W.R Grace Co.
• Cortec Corporation
• GE Water
• Daubert Cromwell LLC
• BASF SE
• Dai-Ichi Karkaria Ltd
• AkzoNobel
• Champion Technologies Inc.
• Ashland Inc.
• Henkel
• The Dow Chemical Company
• Solutia Inc.
• Ecolab Inc.  

The global inorganic corrosion inhibitor market is segmented as follows:

By Filtration Type

• Anodic Inhibitors
• Cathodic Inhibitors

By Application

• Oil & Gas
• Water Treatment Plants
• Surgery

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa