Corrosion Inhibitor Market Trend And Consumption Analysis With Forecast To 2026Posted by Yogini Kale on August 28th, 2019 The global Corrosion Inhibitor Market is expected to reach USD 9.6 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing need to effectively reduce the corrosion rate of a metal exposed to any environment. The industry has benefitted from the growth of construction sectors across the world. The product is mainly used in coating applications on construction materials including nuts, bolts, steel bars steel, and metal parts for protection against corrosion. It helps in the improvement of construction material durability increasing the overall life of the structure. Moreover, the overall construction spending was accounted approximately USD 8.2 trillion in 2016; and is expected to cross USD 16.3 trillion by 2026. North America, primarily due to U.S., alone generated revenue at over USD 1.51 billion in 2018. The corrosion inhibitors market size in North America is mainly driven by the strong growth in the oil & gas industry in the region along with increasing investments in the construction business after the 2008 economic downturn. The global corrosion inhibitors market growth is restrained by environmental regulations, particularly regarding its disposal and exposure to human. For example, increase in product usage leads to the disposal of harmful raw material, precisely chemicals used in the industry such as chromium, zinc and phosphorous. To identify the key trends in the industry, click on the link below: Like it? Share it! More by this author |