Corrosion Inhibitors

As Quoted In Products Finishing

#2994

Growth in US demand 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.

US demand to rise 4.1% annually through 2017

US demand for corrosion inhibitors is forecast to rise 4.1 percent per year to $2.5 billion in 2017, with volume demand approaching 1.7 billion pounds. 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. The industry will continue to invest in the development of new, less costly products such as organic corrosion inhibitors with better environmental profiles and improved performance.

Oil and gas industry to drive increases in demand

The oil and gas industry’s continued expansion of horizontal drilling and hydrofracturing well stimulation in shale formations will drive increases in corrosion inhibitor demand going forward, especially organic inhibitors. Increasingly caustic water produced by existing oil wells will support higher organic inhibitor usage rates, as will efforts to reuse and recycle water to avoid additional freshwater use. The availability of relatively cheap natural gas will spur faster growth in chemical production, leading to advances in corrosion inhibitor demand in both water treatment and process additive applications. This will benefit not only organic inhibitors used as process and product additives, but also more traditional water treatment corrosion inhibitors such as nitrites, phosphates, and even molybdates.

The fastest growth in corrosion inhibitor demand, albeit from a small base, will occur in concrete and cement additives due to a rebound in construction spending. Nitrites will benefit due to their popularity for protecting metal rebar in reinforced concrete. Higher construction spending will also support demand for corrosion inhibitors in industrial coatings, particularly as improvements in state and local finances allow for greater spending on infrastructure maintenance and modernization. In a number of more mature markets such as petroleum refining, metals, utilities, and pulp and paper, moderate growth will be supported by an expanding economy.

Water treatment corrosion inhibitors account for the greatest share of demand in these markets, though in most cases process and product corrosion inhibitor demand will rise at a faster pace. Organic inhibitors will be the primary beneficiaries as companies look to develop new products that offer more protection at lower treat rates, and that are more cost effective than existing alternatives. Replacing molybdates, where possible, will remain a top priority as molybdate prices remain comparatively high and some concerns about their environmental impact have arisen.

Study Scope

This study analyzes the $2 billion US corrosion inhibitors industry. It presents historical demand data for the years 2002, 2007 and 2012, and forecasts for 2017 and 2022 by application (e.g., water treatment, process and product additives), market (e.g., petroleum refining, utilities, chemicals, oil and gas production, metals, pulp and paper, cement and concrete) and product (e.g., organics, molybdates, nitrites, phosphates, phosphonates, silicates).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 33 industry competitors such as Nalco, General Electric, and Ashland.

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  1. Corrosion Inhibitors

    $5,100.00

    1. 1 INTRODUCTION

      $159.00

    2. 2 EXECUTIVE SUMMARY

      $202.00

      1. Table | CORROSION INHIBITOR DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $2,315.00

      1. 3.1 General

        $84.00

      2. 3.2 Macroeconomic Environment

        $229.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $285.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Manufacturing Outlook

        $268.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

      5. 3.5 Water Use Trends

        $235.00

        1. Table | WATER USE (trillion gallons)

      6. 3.6 Historical Trends

        $180.00

        1. Table | CORROSION INHIBITOR MARKET, 2002-2012

      7. 3.7 Corrosion Costs

        $102.00

      8. 3.8 Competitive Technologies

        $521.00

        1. 3.8.1 Corrosion Resistant Metals

          $101.00

        2. 3.8.2 Plastics & Ceramics

          $82.00

        3. 3.8.3 Anticorrosive Coatings

          $224.00

        4. 3.8.4 Other Technologies

          $82.00

      9. 3.9 Environmental & Regulatory Issues

        $179.00

      10. 3.10 Pricing Trends

        $150.00

        1. Table | CORROSION INHIBITOR PRICING (dollars per pound)

      11. 3.11 International Activity & Foreign Trade

        $83.00

    4. 4 APPLICATIONS & MARKETS

      $4,452.00

      1. 4.1 General

        $82.00

      2. 4.2 Applications

        $627.00

        1. Table | CORROSION INHIBITOR DEMAND BY APPLICATION (million dollars)

        2. 4.2.1 Water Treatment

          $399.00

          1. Table | WATER TREATMENT CORROSION INHIBITOR DEMAND BY PRODUCT (million dollars)

          2. Table | WATER TREATMENT CORROSION INHIBITOR DEMAND BY MARKET (million dollars)

        3. 4.2.2 Process & Product Additives

          $151.00

          1. Table | PROCESS & PRODUCT ADDITIVE CORROSION INHIBITOR DEMAND BY PRODUCT & MARKET (million dollars)

      3. 4.3 Markets

        $3,760.00

        1. Table | CORROSION INHIBITOR DEMAND BY MARKET (million dollars)

        2. 4.3.1 Petroleum Refining

          $863.00

          1. Table | PETROLEUM REFINING INDUSTRY OUTLOOK (million barrels)

          2. Table | PETROLEUM REFINING MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)

          3. Table | PETROLEUM REFINING WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)

          4. Table | LUBRICANTS MARKET FOR CORROSION INHIBITORS (million dollars)

          5. Table | CORROSION INHIBITORS IN FUELS & OTHER REFINERY APPLICATIONS

        3. 4.3.2 Utilities

          $584.00

          1. Table | UTILITY INDUSTRY OUTLOOK (trillion gallons)

          2. Table | UTILITIES MARKET FOR CORROSION INHIBITORS BY PRODUCT & SECTOR (million dollars)

          3. Table | MUNICIPAL WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)

          4. Table | POWER GENERATION & OTHER UTILITY WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)

        4. 4.3.3 Chemicals

          $685.00

          1. Table | CHEMICAL PRODUCT SHIPMENTS

          2. Table | CHEMICAL MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)

          3. Table | CHEMICAL WATER TREATMENT MARKET FOR CORROSION INHIBITORS (million dollars)

          4. Table | CHEMICAL PRODUCT ADDITIVES MARKET FOR CORROSION INHIBITORS (million dollars)

        5. 4.3.4 Oil & Gas Production

          $453.00

          1. Table | OIL & GAS PRODUCTION & CONSUMPTION

          2. Table | OIL & GAS PRODUCTION MARKET FOR CORROSION INHIBITORS (million dollars)

        6. 4.3.5 Metals

          $296.00

          1. Table | METAL SHIPMENTS

          2. Table | METALS MARKET FOR CORROSION INHIBITORS (million dollars)

        7. 4.3.6 Pulp & Paper

          $262.00

          1. Table | PAPER & BOARD PRODUCTION (thousand tons)

          2. Table | PULP & PAPER MARKET FOR CORROSION INHIBITORS (million dollars)

        8. 4.3.7 Cement & Concrete

          $336.00

          1. Table | CEMENT DEMAND BY TYPE & MARKET (million tons)

          2. Table | CEMENT & CONCRETE MARKET FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)

        9. 4.3.8 Other Markets

          $209.00

          1. Table | OTHER MARKETS FOR CORROSION INHIBITORS BY PRODUCT & APPLICATION (million dollars)

    5. 5 PRODUCTS

      $1,425.00

      1. 5.1 General

        $130.00

        1. Table | CORROSION INHIBITOR DEMAND BY PRODUCT (million dollars)

      2. 5.2 Organics

        $383.00

        1. Table | ORGANIC CORROSION INHIBITOR DEMAND (million dollars)

        2. 5.2.1 Amines

          $89.00

        3. 5.2.2 Azoles

          $82.00

        4. 5.2.3 Other

          $82.00

      3. 5.3 Molybdates

        $127.00

        1. Table | MOLYBDATE CORROSION INHIBITOR DEMAND (million dollars)

      4. 5.4 Nitrites

        $190.00

        1. Table | NITRITE CORROSION INHIBITOR DEMAND (million dollars)

      5. 5.5 Phosphates

        $152.00

        1. Table | PHOSPHATE CORROSION INHIBITOR DEMAND (million dollars)

      6. 5.6 Phosphonates

        $151.00

        1. Table | PHOSPHONATE CORROSION INHIBITOR DEMAND (million dollars)

      7. 5.7 Silicates

        $119.00

        1. Table | SILICATE CORROSION INHIBITOR DEMAND (million dollars)

      8. 5.8 Other

        $172.00

        1. Table | OTHER CORROSION INHIBITOR DEMAND (million dollars)

    6. 6 INDUSTRY STRUCTURE

      $5,132.00

      1. 6.1 General

        $125.00

        1. Table | US CORROSION INHIBITOR SALES BY COMPANY, 2012 (million dollars)

      2. 6.2 Market Share

        $212.00

      3. 6.3 Competitive Strategies

        $400.00

        1. 6.3.1 Product Differentiation

          $94.00

        2. 6.3.2 Research & New Product Development

          $84.00

        3. 6.3.3 Market Focus

          $110.00

        4. 6.3.4 Low-Cost Leadership

          $98.00

      4. 6.4 Acquisitions & Divestitures

        $86.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 6.5 Marketing & Distribution

        $122.00

      6. 6.6 Company Profiles

        $4,785.00

        1. 6.6.1 Akzo Nobel NV

          $218.00

        2. 6.6.2 Arkema SA

          $112.00

        3. 6.6.3 Ashland Incorporated

          $296.00

        4. 6.6.4 Baker Hughes Incorporated

          $188.00

        5. 6.6.5 BASF SE

          $213.00

        6. 6.6.6 Berkshire Hathaway Incorporated

          $183.00

        7. 6.6.7 Buckman Laboratories International Incorporated

          $84.00

        8. 6.6.8 Chem-Met Company

          $82.00

        9. 6.6.9 Chemtura Corporation

          $166.00

        10. 6.6.10 Cortec Corporation

          $249.00

        11. 6.6.11 Danaher Corporation

          $82.00

        12. 6.6.12 Dow Chemical Company

          $303.00

        13. 6.6.13 Ecolab Incorporated

          $328.00

        14. 6.6.14 Freeport-McMoRan Copper & Gold Incorporated

          $82.00

        15. 6.6.15 Garratt-Callahan Company

          $82.00

        16. 6.6.16 General Electric Company

          $186.00

        17. 6.6.17 Henkel AG & Company KGaA

          $102.00

        18. 6.6.18 Huntsman Corporation

          $140.00

        19. 6.6.19 ICC Industries Incorporated

          $99.00

        20. 6.6.20 Innospec Incorporated

          $101.00

        21. 6.6.21 Israel Chemicals Limited

          $138.00

        22. 6.6.22 King Industries Incorporated

          $93.00

        23. 6.6.23 Koch Industries Incorporated

          $112.00

        24. 6.6.24 LANXESS AG

          $208.00

        25. 6.6.25 Lonza Group Limited

          $164.00

        26. 6.6.26 MeadWestvaco Corporation

          $121.00

        27. 6.6.27 PMC Global Incorporated

          $125.00

        28. 6.6.28 PQ Corporation

          $127.00

        29. 6.6.29 Solvay SA

          $165.00

        30. 6.6.30 Starck (HC) GmbH & Company KG

          $82.00

        31. 6.6.31 Taminco NV

          $116.00

        32. 6.6.32 Thermphos International BV

          $91.00

      7. 6.7 Other Corrosion Inhibitor Companies Mentioned in the Study

        $82.00

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