Inhibiting Corrosion In Utilities Infrastructure

Power generation remains the dominant sector accounting for 29.8% of the overall market for corrosion inhibitors.

Representative Image Source: Pixabay, labeled for reuse

The region’s corrosion inhibitors market is expected to show significant growth over the next few years, owing to rising metal processing, power generation, and construction sector.

According to the World Corrosion Organization, the annual cost of corrosion worldwide is estimated at $2.2 trillion, more than 3% of the world’s gross domestic product (GDP).

Corrosion inhibitors have been gaining popularity over the past few years, as it increases the service life of equipment by forming a protective layer on the surface. The global market for corrosion inhibitors stood at $5.99bn in 2015.

Increasing application in water treatment, power generation, refining, construction and mining industries will stimulate product demand over the next eight years.

Rapid urbanisation along with industrialisation in in the GCC will fuel construction industry, which will spur product demand over the next few years. Growing use of corrosion inhibitors as they reduce maintenance costs of the equipment will create immense potential for growth.

Power generation remains the dominant sector accounting for 29.8% of the overall market for corrosion inhibitors. Growing government investments for power generation projects to satisfy growing energy needs is expected drive demand.

Moreover, generation of energy by consuming renewable sources including wind, solar, and hydro is expected to act as a key factor for the industry expansion.

Read the full article on Utilities Middle East

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Taxonomy

• Scale & Corrosion
• Water Control
• Installations
• Design & Construction
• Condition Assessment
• Corrosion Prevention
• Utility Management
• Infrastructure Management
• Distribution Network Management
• Water Loss Control
• Utility Pipe Network
• Sewer Networks
• Power Generation
• Power Plants
• Power Monitoring
• Power Cables
• green infrastructure
• Critical Infrastructure Protection