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US demand for corrosion inhibitors to reach $2.5 billion

05.01.2013  |  Thinnes, Billy,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [corrosion] [inhibitors] [shale] [oil and gas] [chemcials] [utilities] [metals]

US demand for corrosion inhibitors is forecast to rise 4.1% per year to $2.5 billion in 2017, with volume demand approaching 1.7 billion pounds (Table 1). 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. Value growth will also be aided by the introduction of new hybrid products that have functions in addition to corrosion protection. These and other trends are presented in a new study from The Freedonia Group.

 



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