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Showing posts with the label Corrosion Inhibitors Market Trend

Corrosion Inhibitors Market Strongly Driven by Rising Global Demand

Rising spending on the construction sector in various countries including China, U.S., Mexico, Qatar, UAE, India, Singapore, and Vietnam is anticipated to augment corrosion inhibitors demand over the forecast period. Growing usage in reinforced concrete as they increase the service life of structures, preserve architectural aspects, protect against possible concrete damage, and reduce future maintenance costs is expected to drive growth over the next eight years. The Global Corrosion Inhibitors Market is expected to reach USD 9.59 billion by 2024, according to a new report by Grand View Research, Inc. Increasing power generation through nuclear sources in various countries including China, UK, South Korea, and India will drive product demand over the forecast period. Increasing usage in automobiles as they improve structural integrity and appearance of the vehicle underbody parts is expected to promote industry development in the near future. The introduction of environmentally f