Global Engine Oil Corrosion Inhibitors Market was valued at USD 857.6 million in 2021 and is expected to reach USD 1,495.69 million by 2029, registering a CAGR of 7.2% during the forecast period of 2022-2029
- Market analysis and market segmentation has been carried out to produce Global Engine Oil Corrosion Inhibitors Market report in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions.
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- What is more, a clear understanding of the products, services and business model is obtained while designing the trustworthy Global Engine Oil Corrosion Inhibitors Market
- Extensive research is also carried out, that also involves exhaustive primary interviews with key customers, understanding their preferences and unmet needs. All the data of research and analysis are mapped in an actionable model, with strategic recommendations from the experts.
- Thorough insights into emerging trends, opportunities and potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment.
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Market Analysis and Size
- Corrosion Inhibitor is considered an effective solution for protecting ground, bright, or highly polished steel and other metal surfaces
- These inhibitors suitable for direct use or additional formulation for a wide range of industries. Global Engine Oil Corrosion Inhibitors Market was valued at USD 857.6 million in 2021 and is expected to reach USD 1,495.69 million by 2029, registering a CAGR of 7.2% during the forecast period of 2022-2029.
- Oil and Gas industry is expected to grow at the highest growth owing to the high use of corrosion inhibitors on a large scale.
- The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Corrosion inhibitors are used by numerous manufacturers of electrical parts as these chemicals assist in keeping production conduits and/or completion systems from corroding. Various industries use corrosion inhibitors in their daily operations, such as mining, petrochemicals, power, oil and gas, and petrochemicals, among other companies that protect the environment.
COVID-19 had a Major Impact on Engine Oil Corrosion Inhibitors Market
COVID-19 has a major impact on the engine oil corrosion inhibitors market. The factories in several countries witnessed shut downs in the initial stages of the pandemic as the government’s implemented strict lockdowns in order to prevent the spread of the virus. In the post-pandemic, the lockdowns are lifted and restrictions are eased. Corrosion inhibitors manufacturers are being allowed to resume factory operations but at a limited capacity.
Global Engine Oil Corrosion Inhibitors Market Scope
The engine oil corrosion inhibitors market is segmented on the basis of agent, corrosion type, inhibitor type and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Agent
- Oxygen
- Hydrogen Sulfide
- Carbon Dioxide
On the basis of agent, the engine oil corrosion inhibitors market is segmented into oxygen, .
Corrosion Type
- Uniform or General Corrosion
- Galvanic Corrosion
- Localized Corrosion
- Stress Corrosion Cracking (SCC)
- Erosion Corrosion
On the basis of corrosion type, the engine oil corrosion inhibitors market is segmented into uniform or general corrosion, galvanic corrosion, localized corrosion, stress corrosion cracking (SCC) and erosion corrosion.
Inhibitor Type
- Passivating Inhibitors
- Volatile Inhibitors
- Cathodic Inhibitors
- Anodic Inhibitors
- Mixed Inhibitors
- Synergistic Inhibitors
- Precipitation Inhibitors
- Green Corrosion Inhibitors
- Adsorption Action Inhibitors
On the basis of inhibitor type, the engine oil corrosion inhibitors market is segmented into passivating inhibitors, volatile inhibitors, cathodic inhibitors, anodic inhibitors, mixed inhibitors, synergistic inhibitors, precipitation inhibitors, green corrosion inhibitors and adsorption action inhibitors.
End-Use Industry
- Power Generation
- Oil and Gas
- Chemical Processing
- Metal Processing
- Others
On the basis of end-use industry, the engine oil corrosion inhibitors market is segmented into power generation, oil and gas, chemical processing, metal processing and others.
Engine Oil Corrosion Inhibitors Market Regional Analysis/Insights
The engine oil corrosion inhibitors market is analyzed and market size insights and trends are provided by country, agent, corrosion type, inhibitor type and end-use industry as referenced above.
The countries covered in the engine oil corrosion inhibitors market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the engine oil corrosion inhibitors market because of the increase in shale gas extraction within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in demand for water treatment chemicals in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engine Oil Corrosion Inhibitors Market Share Analysis
The engine oil corrosion inhibitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to engine oil corrosion inhibitors market.
Some of the major players operating in the engine oil corrosion inhibitors market are Advance Products Systems, LLC (US), Akzo Nobel N.V., (Netherlands), Air Products and Chemicals, Inc., (US), Champion Technology Services, Inc. (US), ICL (Israel), SUEZ (France), Daubert Cromwell, Inc., (US), Dai-ichi India Pvt Ltd (India), Solvay (Belgium), ChemTreat, Inc., (US), Aegion Corporation (US), Kurita Water Industries Ltd., (Japan), Kemira (Finland), The Lubrizol Corporation (US), Milacron (US), Ecolab (US), QED Chemicals Ltd (UK), Eastman Chemical Company (US), SHAWCOR (Canada), Ashland (US), Corrosion Technologies (US), and BASF SE (US), among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter: Engine Oil Corrosion Inhibitors Market
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-engine-oil-corrosion-inhibitors-market
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