Global Anti Corrosion Agents Market by Type (Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents), By Application (Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Anti Corrosion Agents Market size is expected to grow from USD 1.5 billion in 2021 to over USD 2.2 billion by 2028, at a CAGR of 3.8% during the forecast period (2021-2028). This growth can be attributed to the increasing demand for anti-corrosion products in various industries such as petrochemical, power plant, steel industry, and chemical among others. The Asia Pacific region is expected to show strong growth during the forecast period owing to the rapid industrialization and economic development taking place in this region.
Anti Corrosion Agents are substances used to protect metals from corroding. They are used for many purposes and applications like preventing rust from forming on buildings (like with galvanizing), protecting steel structures from water seepage through rebar cages, coating metals to prevent them from being corroded by acidic environments such as saltwater, concrete walls coated with epoxy resin to provide protection against sulfate attacks in coastal areas and much more uses.
On the basis of Types, the market is segmented into Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents.
Inorganic Anti Corrosion Agents:
Inorganic anti-corrosion agents are chemical compounds that have a high degree of solubility in water. In other words, they dissolve easily and form colloidal solutions with dissolved substances such as salts, acids, or alkalis. It is classified as an ionic compound based on its ability to release ions when placed into a solution.
Organic Anti Corrosion Agents:
Organic Anti Corrosion Agents can be defined as organic compounds which are used to protect metal surfaces from corrosion. Organic anti-corrosion agents offer a number of benefits over inorganic ones, including ease of application, enhanced chemical resistance, and the ability to generate hydrocarbons during dry weather periods when water is not available for maintaining protective coatings on surface areas such as pipelines and tank roofs.
Polymer Anti Corrosion Agents:
Polymer Anti Corrosion Agents are those that contain at least one polymer in their composition. Polymers reduce the occurrence of corrosion damage by forming a protective layer on metal surfaces and acting as an insulator against electrochemical reactions, thus preventing further dissolution of metals under high-grade conditions.
On the basis of Application, the market is segmented into Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, and Others.
Petrochemical Industry:
Anti Corrosion Agents are used in the Petrochemical Industry to inhibit corrosion and scale formation. The chemical prevents metal from reacting with substances such as water or air, thereby maintaining its resistance to wear and tear and prolonging its life span significantly.
Power Plant:
Anti-corrosion agents are used in power plants primarily to protect stainless steel surfaces. They work by forming a protective layer over any surface that is exposed to corrosive substances, including water and steam. The most common type of anti-corrosion agent for this purpose is an alkaline solution (typically sodium hydroxide). These solutions tend not to attack metallic structures when they form as the protective layer because of their basic nature.
Steel Industry:
Anti-corrosion agents are used in the steel industry to prevent rust from forming on steel. These chemicals react with air and moisture, which can cause them to form corrosive compounds that eat through metal surfaces of buildings and ships.
Chemical:
The uses of Anti Corrosion Agents in Chemical are as follows-
- Inorganic anti-corrosion agents are used for deaeration, decarbonization, and desulfurization processes. They can be applied to the surface or injected into process streams to prevent metal corrosion.
- Organic anti-corrosion agents include chelating compounds that help remove corrosive substances from a system. It also includes coagulants that remove suspended solids by agglomeration and flocculation processes.
- Polymer anti-corrosion agents provide passive protection against chemical attacks such as epoxy coatings on piping systems. Polymers maintain their integrity even when subjected to aggressive environments like hydrochloric acid or sulfur dioxide gas environment.
Automobile:
The main use of anti-corrosion agents in automobiles is to protect the vehicle from rusting. Anti-corrosion agents prevent metal surfaces from being oxidized and under direct contact with water, soil, or sea salt. These corrosive elements can cause serious damage that could be costly to repair if not caught in time. For example, an acidic environment like a battery might corrode quickly due to its highly porous nature which makes it more susceptible than other areas on a car’s exterior surface for instance. This type of corrosion often leaves behind ugly spots that are difficult to remove without damaging the paint job further or even scratches on the windows too.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific market is expected to witness the highest CAGR during the forecast period. The market in Asia-Pacific is chiefly driven by China, with a share of around 40%. The growth trend will remain consistent owing to factors such as increasing demand for corrosion protection products due to rising industrialization and improved maintenance practices among other reasons.
Growth Factors For The Global Anti Corrosion Agents Market:
The key driving factors for the growth of this market are the increasing demand for corrosion protection in the petrochemical industry, chemical, and automotive industries. Increasing industrialization is leading to an increase in the production of chemicals that are corrosive when mixed with water or air. This leads to an increased need for anti-corrosion agents such as organic acids, metals like zinc chloride, metal salts like aluminum sulfate, and others.
Increasing application of polymer products will also boost growth prospects because they have better properties than other materials including resistance against moisture absorption and low-temperature performance.
Up Market Research published a new report titled “Anti Corrosion Agents Market research report which is segmented by Types (Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents), By Applications (Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others), By Players/Companies BYK (ALTANA), Evonik, Air Products, Sartomer (Arkema), BASF, Eastman, Elementis, Worlée-Chemie, 3M, Huntsman, DowDuPont, Momentive, HD MicroSystems, Akzo Nobel, OM Group, Allnex, SEM, Nippon, Yangzhou Lida Resin, Capatue Chemical, Solvay, Shin-Etsu Chemical, PPG, Hexpol Compounding, Henkel, Ashland”.
Report Scope
Report Attributes | Report Details |
Report Title | Anti Corrosion Agents Market Research Report |
By Type | Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents |
By Application | Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others |
By Companies | BYK (ALTANA), Evonik, Air Products, Sartomer (Arkema), BASF, Eastman, Elementis, Worlée-Chemie, 3M, Huntsman, DowDuPont, Momentive, HD MicroSystems, Akzo Nobel, OM Group, Allnex, SEM, Nippon, Yangzhou Lida Resin, Capatue Chemical, Solvay, Shin-Etsu Chemical, PPG, Hexpol Compounding, Henkel, Ashland |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 246 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Anti Corrosion Agents Market Report Segments:
The market is segmented by Type Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents and By Application Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others.
Some of the companies that are profiled in this report are:
- BYK (ALTANA)
- Evonik
- Air Products
- Sartomer (Arkema)
- BASF
- Eastman
- Elementis
- Worlée-Chemie
- 3M
- Huntsman
- DowDuPont
- Momentive
- HD MicroSystems
- Akzo Nobel
- OM Group
- Allnex
- SEM
- Nippon
- Yangzhou Lida Resin
- Capatue Chemical
- Solvay
- Shin-Etsu Chemical
- PPG
- Hexpol Compounding
- Henkel
- Ashland
Anti Corrosion Agents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Anti Corrosion Agents Market
Overview of the regional outlook of the Anti Corrosion Agents Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Anti Corrosion Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Anti Corrosion Agents Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Inorganic Anti Corrosion Agents
2. Organic Anti Corrosion Agents
3. Polymer Anti Corrosion Agents
7. By Application:1. Petrochemical Industry
2. Power Plant
3. Steel Industry
4. Chemical
5. Automobile
6. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Anti Corrosion Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Anti Corrosion Agents Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Anti Corrosion Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Anti Corrosion Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Anti Corrosion Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Anti Corrosion Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Anti Corrosion Agents Market Size & Forecast, 2018-2028
4.5.1 Anti Corrosion Agents Market Size and Y-o-Y Growth
4.5.2 Anti Corrosion Agents Market Absolute $ Opportunity
Chapter 5 Global Anti Corrosion Agents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Anti Corrosion Agents Market Size Forecast by Type
5.2.1 Inorganic Anti Corrosion Agents
5.2.2 Organic Anti Corrosion Agents
5.2.3 Polymer Anti Corrosion Agents
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Anti Corrosion Agents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Anti Corrosion Agents Market Size Forecast by Applications
6.2.1 Petrochemical Industry
6.2.2 Power Plant
6.2.3 Steel Industry
6.2.4 Chemical
6.2.5 Automobile
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Anti Corrosion Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Anti Corrosion Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Anti Corrosion Agents Analysis and Forecast
9.1 Introduction
9.2 North America Anti Corrosion Agents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Anti Corrosion Agents Market Size Forecast by Type
9.6.1 Inorganic Anti Corrosion Agents
9.6.2 Organic Anti Corrosion Agents
9.6.3 Polymer Anti Corrosion Agents
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Anti Corrosion Agents Market Size Forecast by Applications
9.10.1 Petrochemical Industry
9.10.2 Power Plant
9.10.3 Steel Industry
9.10.4 Chemical
9.10.5 Automobile
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Anti Corrosion Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Anti Corrosion Agents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Anti Corrosion Agents Market Size Forecast by Type
10.6.1 Inorganic Anti Corrosion Agents
10.6.2 Organic Anti Corrosion Agents
10.6.3 Polymer Anti Corrosion Agents
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Anti Corrosion Agents Market Size Forecast by Applications
10.10.1 Petrochemical Industry
10.10.2 Power Plant
10.10.3 Steel Industry
10.10.4 Chemical
10.10.5 Automobile
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Anti Corrosion Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Anti Corrosion Agents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Anti Corrosion Agents Market Size Forecast by Type
11.6.1 Inorganic Anti Corrosion Agents
11.6.2 Organic Anti Corrosion Agents
11.6.3 Polymer Anti Corrosion Agents
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Anti Corrosion Agents Market Size Forecast by Applications
11.10.1 Petrochemical Industry
11.10.2 Power Plant
11.10.3 Steel Industry
11.10.4 Chemical
11.10.5 Automobile
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Anti Corrosion Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Anti Corrosion Agents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Anti Corrosion Agents Market Size Forecast by Type
12.6.1 Inorganic Anti Corrosion Agents
12.6.2 Organic Anti Corrosion Agents
12.6.3 Polymer Anti Corrosion Agents
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Anti Corrosion Agents Market Size Forecast by Applications
12.10.1 Petrochemical Industry
12.10.2 Power Plant
12.10.3 Steel Industry
12.10.4 Chemical
12.10.5 Automobile
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Anti Corrosion Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Anti Corrosion Agents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Anti Corrosion Agents Market Size Forecast by Type
13.6.1 Inorganic Anti Corrosion Agents
13.6.2 Organic Anti Corrosion Agents
13.6.3 Polymer Anti Corrosion Agents
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Anti Corrosion Agents Market Size Forecast by Applications
13.10.1 Petrochemical Industry
13.10.2 Power Plant
13.10.3 Steel Industry
13.10.4 Chemical
13.10.5 Automobile
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Anti Corrosion Agents Market: Competitive Dashboard
14.2 Global Anti Corrosion Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYK (ALTANA)
14.3.2 Evonik
14.3.3 Air Products
14.3.4 Sartomer (Arkema)
14.3.5 BASF
14.3.6 Eastman
14.3.7 Elementis
14.3.8 Worlée-Chemie
14.3.9 3M
14.3.10 Huntsman
14.3.11 DowDuPont
14.3.12 Momentive
14.3.13 HD MicroSystems
14.3.14 Akzo Nobel
14.3.15 OM Group
14.3.16 Allnex
14.3.17 SEM
14.3.18 Nippon
14.3.19 Yangzhou Lida Resin
14.3.20 Capatue Chemical
14.3.21 Solvay
14.3.22 Shin-Etsu Chemical
14.3.23 PPG
14.3.24 Hexpol Compounding
14.3.25 Henkel
14.3.26 Ashland