Freedonia In The News
Article Title: U.S. Demand for Corrosion Inhibitors to Reach $2.5 Billion in 2017
Publication: Products Finishing, 6/3/2013
Freedonia Study: Corrosion Inhibitors (2994)
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A new study from the Freedonia Group Inc. estimates that U.S. demand for corrosion inhibitors will rise 4.1 percent per year to $2.5 billion in 2017, with volume demand approaching 1.7 billion lbs. This growth will be driven by higher oil and natural gas output, particularly from shale formations, as well as by increasing chemical production and an expanding economy. Additionally, robust increases in construction spending will support demand for corrosion inhibitors used in cement and concrete, industrial coatings, and metal applications. Value growth will also be aided by the introduction of new hybrid products that have functions in addition to corrosion protection.
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