Volatile Corrosion Inhibitor Trends and Forecast
The future of the global volatile corrosion inhibitor market looks promising with opportunities in the mining & metallurgy, oil & gas, automotive, aerospace, and electronic markets. The global volatile corrosion inhibitor market is expected to reach an estimated $1010.8 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are excessive investment in research and development and significantly growing automotive industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Volatile Corrosion Inhibitor by Segment
The study includes a forecast for the global volatile corrosion inhibitor by material type, substrate type, end use, and region.
Volatile Corrosion Inhibitor Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Petroleum Based
• Latex
• Solvent Based Modified
Volatile Corrosion Inhibitor Market by Substrate Type [Shipment Analysis by Value from 2018 to 2030]:
• Films
• Paper
• Powder
• Solution
Volatile Corrosion Inhibitor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Mining & Metallurgy
• Oil & Gas
• Automotive
• Aerospace
• Electronics
• Others
Volatile Corrosion Inhibitor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Volatile Corrosion Inhibitor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies volatile corrosion inhibitor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the volatile corrosion inhibitor companies profiled in this report include-
• Cortec
• Protective Packaging
• MetPro Verpackungs-Service
• SKS Industries
• JOHOKU CHEMICAL
• LANXESS
• BASF
• B&V Chemicals
• The Dow Chemical
• Brad-Chem
Volatile Corrosion Inhibitor Market Insights
Lucintel forecasts that film is expected to witness the highest growth over the forecast period due to increasing demand to safeguard metal surfaces from corrosion, cavities, and crevices.
Within this market, oil & gas is expected to witness the highest growth due to growing requirement of these inhibitors to deliver corrosion-resistant coating to equipments including vessels, pipelines, and subsea equipment so as to function them properly.
APAC will remain the largest region over the forecast period due to expansion of the chemical, automotive, electronic, and construction industries in the region.
Features of the Global Volatile Corrosion Inhibitor Market
Market Size Estimates: Volatile corrosion inhibitor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Volatile corrosion inhibitor market size by material type, substrate type, end use, and region in terms of value ($B).
Regional Analysis: Volatile corrosion inhibitor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material types, substrate types, end uses, and regions for the volatile corrosion inhibitor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the volatile corrosion inhibitor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the volatile corrosion inhibitor market size?
Answer: The global volatile corrosion inhibitor market is expected to reach an estimated $1010.8 billion by 2030.
Q2. What is the growth forecast for volatile corrosion inhibitor market?
Answer: The global volatile corrosion inhibitor market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the volatile corrosion inhibitor market?
Answer: The major drivers for this market are excessive investment in research and development and significantly growing automotive industry.
Q4. What are the major segments for volatile corrosion inhibitor market?
Answer: The future of the volatile corrosion inhibitor market looks promising with opportunities in the mining & metallurgy, oil & gas, automotive, aerospace, and electronic markets.
Q5. Who are the key volatile corrosion inhibitor market companies?
Answer: Some of the key volatile corrosion inhibitor companies are as follows:
• Cortec
• Protective Packaging
• MetPro Verpackungs-Service
• SKS Industries
• JOHOKU CHEMICAL
• LANXESS
• BASF
• B&V Chemicals
• The Dow Chemical
• Brad-Chem
Q6. Which volatile corrosion inhibitor market segment will be the largest in future?
Answer: Lucintel forecasts that film is expected to witness the highest growth over the forecast period due to increasing demand to safeguard metal surfaces from corrosion, cavities, and crevices.
Q7. In volatile corrosion inhibitor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to expansion of the chemical, automotive, electronic, and construction industries in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the volatile corrosion inhibitor market by material type (petroleum based, latex, and solvent based modified), substrate type (films, paper, powder, and solution), end use (mining & metallurgy, oil & gas, automotive, aerospace, electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Volatile Corrosion Inhibitor Market, Volatile Corrosion Inhibitor Market Size, Volatile Corrosion Inhibitor Market Growth, Volatile Corrosion Inhibitor Market Analysis, Volatile Corrosion Inhibitor Market Report, Volatile Corrosion Inhibitor Market Share, Volatile Corrosion Inhibitor Market Trends, Volatile Corrosion Inhibitor Market Forecast, Volatile Corrosion Inhibitor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.