Corrosion Inhibitors to 2017

Published: March 2013
No. of Pages: 207
  

US demand for corrosion inhibitors will rise 4.1 percent annually to $2.5 billion in 2017. The oil and gas industry's continued expansion of horizontal drilling and hydrofracturing well stimulation in shale formations will drive advances in demand. The fastest growth will occur in concrete and cement additives due to a rebound in construction spending.

This study analyzes the $2 billion US corrosion inhibitors industry. It presents historical demand data for the years 2002, 2007 and 2012, and forecasts for 2017 and 2022 by application (e.g., water treatment, process and product additives), market (e.g., petroleum refining, utilities, chemicals, oil and gas production, metals, pulp and paper, cement and concrete) and product (e.g., organics, molybdates, nitrites, phosphates, phosphonates, silicates).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 33 industry competitors such as Nalco, General Electric, and Ashland.

US demand to increase 4% per annum through 2017

US demand for corrosion inhibitors is forecast to expand 4.0 percent per year through 2017 on a value basis, supported primarily by an expanding economy, increasing chemical production, and rising oil and natural gas output. Additionally, rising construction spending will support demand for corrosion inhibitors used in cement and concrete, coatings, and metal applications. The corrosion inhibitors industry will continue to respond to evolving trends including environmental concerns about popular corrosion inhibitors such as nitrites and molybdates, and sustained pricing volatility for molybdates, by investing in the development of new, less costly products with improved performance and better environmental profiles. Organic corrosion inhibitors will be the primary beneficiary of these trends as they have been the focus of much of the new product development. Value growth will also be aided by the introduction of new hybrid products that include additional functions other than corrosion protection.

Market environment factors restricting demand growth

With government estimates of the annual cost of corrosion exceeding three percent of GDP, corrosion prevention remains a high priority for a number of different sectors in the US economy. However, despite significant need for corrosion protection in many industries, pressures such as environmental concerns, price volatility, and new product developments have influenced the amount, types, and availability of certain types of corrosion inhibitors. Additionally, industries that are intensive users of water that require treatment with corrosion inhibitors, such as chemical manufacturing and petroleum refining, are reducing the amount of water used per unit produced, influencing the types and amounts of corrosion inhibitors being consumed.

Closed loop cooling systems to benefit nitrites, hybrids

Environmental concerns over process and waste waters have prompted many industries to implement closed loop cooling systems to address these issues. As a result, traditional products such as nitrites that function very well in closed systems have increased in demand while new hybrid products have been developed that can offer corrosion protection along with other functional qualities. Further growth in this area will also be supported by the power industry’s transition away from older coal-fired plants toward new natural gas plants due to regulations requiring the use of closed loop systems on new plants. However, the growing use of different cooling systems such as dry-cooling, hybrid dry- wet cooling, and cooling with fluids other than water will have a moderating effect.

Price increases have reduced demand for molybdate & other types

Pricing issues have also been a major concern over the past decade as some inhibitors have significantly increased in price. For example, molybdates, despite being popular cooling water additives, have seen demand decline as molybdate prices soared between 2002 and 2007. While molybdate prices moderated from 2007 to 2012, they remain high compared to other corrosion inhibitors, and pressure to develop molybdate free alternatives will restrain demand for molybdates going forward.

Company Profiles

Profiles for over 30 players in the US Industry, Including Ashlanf, Chemtura, Ecolab Nallco, GE, and Lubrizol

Corrosion Inhibitors to 2017

Table of Contents

Introduction VIII

I. Executive Summary  1

II. Market Environment  4
General 4
Macroeconomic Environment 5
Demographic Trends  8
Manufacturing Outlook 12
Water Use Trends 16
Historical Trends 19
Corrosion Costs  22
Competitive Technologies 23
Corrosion Resistant Metals 24
Plastics & Ceramics 25
Anticorrosive Coatings 26
Other Technologies 29
Environmental & Regulatory Issues 30
Pricing Trends  32
International Activity & Foreign Trade 34

III. Applications & Markets 36
General  36
Applications  37
Water Treatment 38
Water Treatment Demand by Product 39
Water Treatment Demand by Market 41
Process & Product Additives 44
Markets  46
Petroleum Refining 48
Refining Industry Outlook 48
Corrosion Inhibitor Demand 51
Water Treatment  54
Lubricant Additives 56
Fuel Additives & Other Refinery Applications 59
Utilities  61
Utilities Industry Outlook 62
Corrosion Inhibitor Demand 64
Municipal Water  66
Power Generation & Other 69
Chemicals  70
Chemical Industry Outlook 71
Corrosion Inhibitor Demand 73
Water Treatment  76
Product Additives 78
Oil & Gas Production 81
Oil & Gas Industry Outlook 82
Corrosion Inhibitor Demand 85
Metals  87
Metal Industry Outlook 88
Corrosion Inhibitor Demand 89
Pulp & Paper  92
Paper Industry Outlook 93
Corrosion Inhibitor Demand 94
Cement & Concrete 96
Cement Outlook 97
Corrosion Inhibitor Demand 98
Other Markets 101

IV. Products 105
General  105
Organics 108
Amines 110
Azoles 111
Other 112
Molybdates 113
Nitrites 115
Phosphates 117
Phosphonates 120
Silicates 122
Other  124

V. Industry Structure 127
General  127
Market Share 130
Competitive Strategies 133
Product Differentiation 133
Research & New Product Development  134
Market Focus 135
Low-Cost Leadership 137
Acquisitions & Divestitures 138
Marketing & Distribution 140
Company Profiles 141
Akzo Nobel NV 142
ANGUS Chemical, see Dow Chemical
Arkema SA 145
Ashland Incorporated 147
Baker Hughes Incorporated 150
BASF SE 152
Berkshire Hathaway Incorporated  155
Buckman Laboratories International Incorporated 157
Chemie Rheinau, see LANXESS
Chem-Met Company 158
ChemTreat, see Danaher
Chemtura Corporation 159
Cortec Corporation 161
Danaher Corporation 164
Dow Chemical Company 165
Ecolab Incorporated 169
Freeport-McMoRan Copper & Gold Incorporated 172
Garratt-Callahan Company 173
General Electric Company 174
HALOX, see Israel Chemicals
Henkel AG & Company KGaA 177
Huntsman Corporation 178
ICC Industries Incorporated 180
ICL Performance Products, see Israel Chemicals
Innospec Incorporated 181
Israel Chemicals Limited 183
King Industries Incorporated 185
Koch Industries Incorporated 186
LANXESS AG 188
Lonza Group Limited 191
Lubrizol, see Berkshire Hathaway
MeadWestvaco Corporation 193
Nalco Energy Services, see Ecolab
Occidental Petroleum Corporation  195
PMC Global Incorporated 197
PQ Corporation 199
Rhodia, see Solvay
Solvay SA 201
Starck (HC) GmbH & Company KG  203
Taminco NV 204
Thermphos International BV 206
Other Corrosion Inhibitor Companies Mentioned in the Study 207

List of Tables

Section I -- Executive Summary
Summary Table  3

Section II -- Market Environment
1 Macroeconomic Indicators 8
2 Population & Households 12
3 Manufacturers’ Shipments 15
4 Water Use  19
5 Corrosion Inhibitor Market, 2002-2012 21
6 Corrosion Inhibitor Pricing 34

Section III -- Applications & Markets
1 Corrosion Inhibitor Demand by Application  38
2 Water Treatment Corrosion Inhibitor Demand by Product 41
3 Water Treatment Corrosion Inhibitor Demand by Market 43
4 Process & Product Additive Corrosion Inhibitor Demand by Product & Market 46
5 Corrosion Inhibitor Demand by Market 47
6 Petroleum Refining Industry Outlook 51
7 Petroleum Refining Market for Corrosion Inhibitors by Product & Application 53
8 Petroleum Refining Water Treatment Market for Corrosion Inhibitors 56
9 Lubricants Market for Corrosion Inhibitors  59
10 Corrosion Inhibitors in Fuels & Other Refinery Applications 61
11 Utility Industry Outlook 63
12 Utilities Market for Corrosion Inhibitors by Product & Sector 66
13 Municipal Water Treatment Market for Corrosion Inhibitors 68
14 Power Generation & Other Utility Water Treatment Market for Corrosion Inhibitors 70
15 Chemical Product Shipments 73
16 Chemical Market for Corrosion Inhibitors by Product & Application 75
17 Chemical Water Treatment Market for Corrosion Inhibitors 78
18 Chemical Product Additives Market for Corrosion Inhibitors 79
19 Oil & Gas Production & Consumption 85
20 Oil & Gas Production Market for Corrosion Inhibitors 87
21 Metal Shipments  89
22 Metals Market for Corrosion Inhibitors 92
23 Paper & Board Production 94
24 Pulp & Paper Market for Corrosion Inhibitors  96
25 Cement Demand by Type & Market 98
26 Cement & Concrete Market for Corrosion Inhibitors by Product & Application 101
27 Other Markets for Corrosion Inhibitors by Product & Application 104

Section IV -- Products
1 Corrosion Inhibitor Demand by Product  106
2 Organic Corrosion Inhibitor Demand  109
3 Molybdate Corrosion Inhibitor Demand  114
4 Nitrite Corrosion Inhibitor Demand  117
5 Phosphate Corrosion Inhibitor Demand  119
6 Phosphonate Corrosion Inhibitor Demand  122
7 Silicate Corrosion Inhibitor Demand  124
8 Other Corrosion Inhibitor Demand  126

Section V -- Industry Structure
1 US Corrosion Inhibitor Sales by Company, 2012 128
2 Selected Acquisitions & Divestitures  139

List of Charts

Section II -- Market Environment
1 Corrosion Inhibitor Market, 2002-2012 22

Section III -- Applications & Markets
1 Corrosion Inhibitor Demand by Market, 2012  48
2 Petroleum Refining Corrosion Inhibitor Demand by Application, 2012 54
3 Chemical Corrosion Inhibitor Demand by Application, 2012 76

Section IV -- Products
1 Corrosion Inhibitor Demand by Product, 2012: Value Versus Volume 107

Section V -- Industry Structure
1 Corrosion Inhibitor Market Share, 2012  130

Published By: Freedonia Group
Product Code: Freedonia Group207


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