Inorganic Corrosion Inhibitors Market: Overview
For decades, corrosion inhibitors have been utilized in formulating protective coatings that prevents or suppress corrosion. The inorganic corrosion inhibitors market is expected to make strides on the back of advances in corrosion formulations. Some of the key product types in the market are calcium phosphate, calcium boro silicate, zinc phosphate, and strontium phosphosilicate. Inorganic compounds with corrosion retarding properties. Various types of inhibitors are used in the market, and a mix of cathodic and anodic ones are preferred due to their higher performance.
A number of inorganic corrosion inhibitors have been gathering attention as being candidate replacements for hexavalent chromium and as having less VOC content. Advances in understanding of the mechanism of action of cathodic passivation and ion scavenging are boosting the market. Over the years, zinc free corrosion inhibitors have gathered popularity.
The report on the c market offers a critical assessment of key growth dynamics and share and size of various segments. The study offers insights that will help range of stakeholders identify new avenues, current research directions, and regulatory framework encompassing exciting product development avenues in the inorganic corrosion inhibitors.
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Inorganic Corrosion Inhibitors Market: Key Trends
The drive for the inorganic corrosion inhibitors market comes from the demand for various corrosion mitigation strategies in a wide range of industrial applications. An array of applications in oil and gas industry is driving valuation expansion of the market. A large drive for the market comes from the rise in demand for water treatment industry, since they are almost inert with several water purification chemicals.
Strides in the oil and gas industry have spurred new avenues in the inorganic corrosion inhibitors market. They are being used extensively in pipeline to maintain their integrity for long time. The demand for new formulations in corrosion protection strategy is boosting the market.
In recent years, research on potential of corrosion resistance of electrodeposited superhydrophobic Ni films have gained traction. In such research, micro-nano structured material is expected to open new avenues in the market. In coming years, chromium and lead free corrosion inhibitors are expected to expand the canvas for players in the inorganic corrosion inhibitors market.
Inorganic Corrosion Inhibitors Market: Competitive Analysis and Key Developments
The demand for environmentally friendly coatings has set the pace for innovations in the inorganic corrosion inhibitors market. A spate of research have focused on replacing inorganic corrosion inhibitors and lowering VOC content of these inhibitors. With inorganic corrosion inhibitors, manufacturers and formulators face numerous challenges: they are both reactive as well as highly water soluble leading to leakage problem. Other problems researchers face in developing environmentally friendly solutions for inorganic corrosion inhibitors market are osmotic blistering and the risk of premature coating failure. In large part of studies, research first test these inhibitors in solution after which some are testing in coating systems. In a similar study, researchers have studied the relation between Na2MoO4 inhibitors and superhydrophobicity of nickel.
Inorganic Corrosion Inhibitors Market: Regional Assessment
Geographically, North America has been a moderately expanding market in recent years due to stringent regulations. However, a thriving shale gas operations have spurred the demand and thus have opened new avenues to the global market. On the other hand, Western Europe, Latin America, and China have been remarkably lucrative markets in terms of consumption volumes. Sheer pace of industrialization in these economies particularly in Latin America has broadened the canvas for the value chain for sellers and distributors. For instance, there has been rise in demand for corrosion prevention strategies for metals in a wide assortment of industries.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.