TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION viii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Demographic Trends 7
Manufacturing Outlook 9
Water Use Trends 12
Historical Trends 14
Corrosion Costs 17
Competitive Technologies 18
Corrosion Resistant Metals 19
Plastics & Ceramics 21
Anticorrosive Coatings 22
Other Technologies 23
Volatile Corrosion Inhibitors 24
Environmental & Regulatory Issues 26
Pricing Trends 28
International Activity & Foreign Trade 30
III. MARKETS 33
General 33
Petroleum Refining 35
Refining Industry Outlook 36
Corrosion Inhibitor Demand 38
Water Treatment 40
Lubricant Additives 43
Fuel Additives 46
Chemicals 48
Chemical Industry Outlook 49
Corrosion Inhibitor Demand 51
Water Treatment 53
Product Additives 56
Utilities 61
Utilities Industry Outlook 61
Corrosion Inhibitor Demand 64
Municipal Water 65
Power Generation & Other 68
Oil & Gas Production 71
Oil & Gas Industry Outlook 71
Corrosion Inhibitor Demand 73
Pulp & Paper 76
Paper Industry Outlook 77
Corrosion Inhibitor Demand 78
Metals 81
Metal Industry Outlook 82
Corrosion Inhibitor Demand 84
Cement & Concrete 86
Cement Outlook 86
Corrosion Inhibitor Demand 88
Other 91
IV. PRODUCTS 95
General 95
Organics 98
Azoles 99
Amines 101
Other 102
Nitrites 105
Phosphates 108
Molybdates 111
Phosphonates 114
Silicates 117
Chromates 119
Other 121
V. INDUSTRY STRUCTURE 125
General 125
Market Share 128
Competitive Strategies 130
Product Differentiation 130
Research & New Product Development 132
Market Focus 133
Low-Cost Leadership 135
Cooperative Agreements 136
Acquisitions & Divestitures 138
Marketing & Distribution 141
Company Profiles 144
Air Products and Chemicals Incorporated 146
Akzo Nobel NV 147
Albemarle Corporation 149
Albright & Wilson Limited, see Rhodia SA
Alox Corporation, see Lubrizol Corporation
Ashland Incorporated 150
Astaris LLC, see Solutia Incorporated
Atofina Chemicals Incorporated, see Total Fina Elf SA
Baker Hughes Incorporated 153
BASF AG 155
Bayer AG 157
BetzDearborn, see General Electric Company
BioLab Incorporated, see Great Lakes Chemical
BJ Services Company 160
Buckman Laboratories Incorporated 161
ChemTreat Incorporated 162
Ciba Specialty Chemicals Incorporated 163
CK Witco Corporation, see Crompton Corporation
Cognis GmbH 165
Cortec Corporation 167
Crompton Corporation 171
Dow Chemical Company 172
DuPont (EI) de Nemours 175
Exxon Mobil Corporation 176
Ferro Corporation 177
Garratt-Callahan Company 178
GE Betz, see General Electric Company
General Chemical Corporation, see GenTek Incorporated
General Electric Company 179
GenTek Incorporated 181
Grace (WR) & Company 182
Great Lakes Chemical Corporation 183
HALOX Pigments, see Hammond Group Incorporated
Hammond Group Incorporated 185
Hampshire Chemical Corporation, see Dow Chemical
Henkel KGaA 186
Hercules Incorporated 188
Huntsman Corporation 189
Keil Chemical, see Ferro Corporation
King Industries Incorporated 190
Lonza Group Limited 192
Lubrizol Corporation 193
MeadWestvaco Corporation 196
Moly-White Pigments Group, see Sherwin-Williams
Occidental Petroleum Corporation 197
Octel Corporation 199
ONDEO Nalco, see Suez SA
OSCA Incorporated, see BJ Services Company
OxyChem, see Occidental Petroleum Corporation
PMC Global Incorporated 200
PQ Corporation 202
Rhein Chemie Corporation, see Bayer AG
Rhodia SA 203
Rohm and Haas Company 205
Sherwin-Williams Company 206
Solutia Incorporated 208
Suez SA 210
Tomah3 Products Incorporated 213
Total Fina Elf SA 214
Vulcan Materials Company 215
Westvaco Corporation, see MeadWestvaco Corporation
Other Companies Mentioned in Study 216
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I
Summary Table 3
SECTION II
1 Macroeconomic Outlook 7
2 Demographic Trends 9
3 Manufacturers Shipments 12
4 Water Use Trends 14
5 Corrosion Inhibitor Market Trends, 1992-2001 16
6 Corrosion Inhibitor Pricing Trends 30
SECTION III
1 Corrosion Inhibitor Demand by Market & Application 34
2 Refined Petroleum Products Indicators 38
3 Petroleum Refining Market for Corrosion Inhibitors
by Application & Type 39
4 Petroleum Refining Water Treatment Market
for Corrosion Inhibitors by Type 42
5 Lubricants Market for Corrosion Inhibitors by Type 45
6 Fuel Additives Market for Organic Corrosion Inhibitors 48
7 Chemical Products Indicators 51
8 Chemicals Market for Corrosion Inhibitors
by Application & Type 52
9 Chemical Water Treatment Market
for Corrosion Inhibitors 56
10 Chemical Additive Market for Corrosion Inhibitors 57
11 Utilities Industry Indicators 64
12 Utilities Market for Corrosion Inhibitors by Sector & Type 65
13 Municipal Water Treatment Market for Corrosion Inhibitors
by Type 68
14 Power Generation & Other Utility Water Treatment Market for
Corrosion Inhibitors by Type 71
15 Oil & Gas Production 73
16 Oil & Gas Production Market for Corrosion Inhibitors by Type76
17 Paper Industry Indicators 78
18 Pulp & Paper Market for Corrosion Inhibitors by Type 81
19 Metals Shipments 83
20 Metals Market for Corrosion Inhibitors by Type 86
21 Cement & Concrete Demand 88
22 Cement & Concrete Market for Corrosion Inhibitors by Type 91
23 Other Markets for Corrosion Inhibitors by Type 94
SECTION IV
1 Corrosion Inhibitor Demand by Type 96
2 Organic Corrosion Inhibitor Demand 99
3 Nitrite Corrosion Inhibitor Demand 108
4 Phosphate Corrosion Inhibitor Demand 111
5 Molybdate Corrosion Inhibitor Demand 114
6 Phosphonate Corrosion Inhibitor Demand 116
7 Silicate Corrosion Inhibitor Demand 119
8 Chromate Corrosion Inhibitor Demand 121
9 Other Corrosion Inhibitor Demand 124
SECTION V
1 Selected Cooperative Agreements 138
2 Selected Acquisitions & Divestitures 140
3 US Corrosion Inhibitor Sales by Company, 2001 145
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II
1 Corrosion Inhibitor Market Trends, 1992-2001 17
SECTION III
1 Corrosion Inhibitor Demand by Market, 2001 35
2 Petroleum Refining Corrosion Inhibitor Demand
by Application, 2001 40
3 Chemicals Corrosion Inhibitor Demand by Application, 2001 53
SECTION IV
1 Corrosion Inhibitor Product Demand, 2001: Value Versus
Volume 97
SECTION V
1 Corrosion Inhibitor Industry Flowchart 127
2 Corrosion Inhibitor Market Share by Company, 2001 130
