Solenis LLC (US) and Baker Hughes (US) are Leading Players in the Corrosion Inhibitors Market

The global corrosion inhibitors market size is projected to reach USD 10.1 billion by 2026 at a CAGR of 4.9% from 2021. The increasing demand for corrosion protection chemicals in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the environment is driving the market for corrosion inhibitors.

The increase in demand for corrosion inhibitors and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in the corrosion inhibitors market include Nouryon (Amsterdam), Henkel (Germany), The Lubrizol (US), BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Baker Hughes (US), The Dow Chemical Company (US), and Suez S.A. (France). These market leaders have adopted various organic as well as inorganic growth strategies between January 2016 and March 2021 to strengthen their position in the corrosion inhibitors market. The strategy of acquisition and merger was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for corrosion inhibitors in emerging economies