Corrosion Inhibitors Market Share Giovani Lo Celso Jersey , Analysis, Trends To 2020 by Grand View Research, Inc. Business Articles | May 17, 2016
Grand View Research has announced the addition of "Corrosion Inhibitors Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
Global corrosion inhibitors market is expected to reach USD 7.55 billion by 2020, according to a new study by Grand View Research, Inc. Corrosion inhibitors form an important part of the water treatment chemicals market and growing regulatory pressure for water treatment is expected to boost market demand. Corrosion inhibitors are also used in construction industry as part of preventive maintenance for metallic structures. Mexico Gianluigi Buffon Jersey , China, Brazil and India are expected to witness exponential rise in infrastructure and construction which is expected to augment demand for corrosion inhibitors.
Power generation was the largest end-use industry for corrosion inhibitors, with market demand of 1,366.5 kilo tons in 2013. Increasing power generation in China, India and Middle East coupled with growing instances of corrosion in cooling towers, steam and hydropower turbines is expected to augment demand. Oil and gas industry is also expected to witness significant rise in corrosion inhibitor demand growing at a CAGR of 5.6% from 2014 to 2020.
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