Global Corrosion and Scale Inhibitor Market – Drivers and Forecasts by Technavio

September 7, 2017

LONDON–(BUSINESS WIRE)–#Chemicals—Technavio
analysts forecast the global
corrosion and scale inhibitor market to grow at a CAGR of
more than 4% during the forecast period, according to their latest
report.

The research study covers the present scenario and growth prospects of
the global corrosion and scale inhibitor market for
2017-2021. The market is segmented based on product type
(corrosion inhibitors and scale inhibitors) and geography (APAC, Europe,
North America, and ROW).

The global corrosion and scale inhibitors market is expected to grow
rapidly owing to the increased industrialization in various developed
and developing countries like Brazil, China, and India in the recent
years. Government regulations constitute another important factor that
is driving the market. Due to the adverse effect of pollutants and the
limited availability of water resources, government authorities across
the globe are focusing on imposing regulations on the purity standard of
potable water, which will accelerate the market's growth during the
forecast period.

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Technavio chemicals
and materials research analysts highlight the following three
factors that are contributing to the growth of the global corrosion and
scale inhibitor market:

Rising demand for cost-effective chemicals
Consistency, efficiency, and effectiveness of corrosion and scale
inhibitors
Strict government regulations

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Rising demand for cost-effective chemicals

The rising demand for cost-effective chemicals is one of the most
important driving factors for the global corrosion and scale inhibitors
market. Due to the increasing need for chemicals, both in the municipal
and industrial sectors, the demand for chemicals that offer a
competitive price-performance ratio is high.

Ajay Adhikari, a lead specialty
chemicals research analyst at Technavio, says, “Water treatment
plants and various industries that use corrosion and scale inhibitors to
protect materials from scale and corrosion and treat waste water are
choosing chemicals that are easily available in a short period and are
cost effective. Hence, chemicals that validate the price-performance
standards by offering value-added features are expected to experience an
improved growth. This will generate a more profitable treatment process.”

Consistency, efficiency, and effectiveness of corrosion and scale
inhibitors

Corrosion and scale inhibitors have been in use for decades in the
industrial process systems. This is due to the large volumes of water
that are used within process systems. The use of these chemicals in
various applications helps in the prevention of corrosion and scale
formation. Also, the ease of handling these chemicals ensures a
streamlined operation and improved productivity.

“The use of corrosion and scale inhibitors also requires minimized
monitoring and maintenance. The cost-effective nature and performance of
these chemicals place them on par with the best available technology in
the market. The use of corrosion and scale inhibitors becomes a cheaper
option as they do not require much of additional investment in the
equipment or infrastructure. Considering all these advantages offered by
corrosion and scale inhibitors, apart from being reliable, efficient,
and effective, other available solutions will take time to compete on
similar terms,” adds Ajay.

Strict government regulations

Various countries are upgrading their environmental regulations to
global standards, because of which there are increasing mandates on
water conservation and recycling. Government authorities across the
world are focusing on the reduction of waste water discharge to protect
the environment. This growing environmental concern, which has led to
stringent government rules, is resulting in a rapid growth in the
consumption of corrosion and scale inhibitors by industrial and
municipal end-users.

Realizing the need for better water quality, various government bodies
across the globe are taking steps to reduce water contamination.
Governments across the globe are providing funds and incentives to
encourage organizations and households to invest in water treatment
chemicals. Further, these governments are funding for the research of
new technologies with regard to water treatment chemicals which will
boost the growth of the global corrosion
and scale inhibitors market during the forecast period.

Top vendors:

Akzo Nobel
Ashland
BASF
Evonik
Kemira

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