TechNavio recognizes the following companies as the key players in Global Corrosion Inhibitors Market: Ashland Inc., BASF SE, Ecolab Inc., GE Infrastructure Water and Process Technologies Inc., and Nalco Holding Co.
Commenting on the report, an analyst from TechNavio’s team said: “Small and medium-sized players in the market are efficient in terms of producing specialty products for niche applications. However, in comparison with larger competitors, they lag behind in capturing orders and supplying products on a large scale for global markets. In the Global Corrosion Inhibitors market, the key players are looking to gain more market share through mergers with and/or acquisitions of smaller firms. This trend will help the key players to grow and improve their networks at a faster pace. Moreover, the mergers and acquisitions strategy will help the global firms to penetrate emerging markets in Latin America and the APAC region. Although there were relatively few mergers and acquisitions in 2013, the trend of undertaking mergers and acquisitions is expected to become more dominant in the high growth areas of Latin America and the APAC region in the near future.”
According to the report, one of the major drivers is the increasing demand for corrosion inhibitors from developing economies such as India, China, and Brazil.
Further, the report states that one of the major challenges faced by this market is the high cost of the raw materials, which affects product prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-corrosion-inhibitors-market-2014-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Corrosion Inhibitors Market 2014-2018
