Product Code: ETC130623 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Corrosion Inhibitors Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 3.63% in 2025 and reaches 12.08% by 2029.
By 2027, the Corrosion Inhibitors market in Thailand is anticipated to reach a growth rate of 4.88%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The corrosion inhibitors market in Thailand is an essential segment within the country`s chemical industry. Corrosion inhibitors are chemical substances used to protect metal surfaces from corrosion and deterioration caused by environmental factors and chemical reactions. With the presence of various industries, including oil and gas, manufacturing, and automotive, the demand for corrosion inhibitors in Thailand has been on the rise. These inhibitors play a crucial role in extending the lifespan of equipment and infrastructure, reducing maintenance costs, and ensuring safe and efficient operations.
Several drivers have contributed to the growth of the corrosion inhibitors market in Thailand. Firstly, the expanding industrial activities, such as oil refineries, petrochemical plants, and power generation facilities, have increased the need for corrosion protection solutions to safeguard critical equipment and pipelines. Secondly, the growing awareness about the impact of corrosion on safety, environmental compliance, and asset integrity has led industries to adopt corrosion inhibitors as preventive measures. Additionally, the rising demand for high-performance and environmentally friendly corrosion inhibitors has driven innovations in the market.
Despite the positive market trends, the corrosion inhibitors industry in Thailand faces certain challenges. One of the key challenges is the selection and application of appropriate corrosion inhibitors for specific conditions and materials. The effectiveness of corrosion inhibitors can vary based on factors such as the corrosive environment, temperature, and metal composition, requiring careful consideration by end-users. Moreover, fluctuations in the prices of raw materials used in corrosion inhibitors formulation can impact production costs and pricing, affecting market dynamics. Ensuring long-term effectiveness and compatibility with existing systems is crucial for corrosion inhibitors to gain customer trust.
The outbreak of the Covid-19 pandemic had an impact on the corrosion inhibitors market in Thailand. With disruptions in industrial activities and supply chains during lockdowns, there were challenges in the procurement and distribution of corrosion inhibitors. However, as industries adapted to new operating norms, the demand for corrosion protection solutions persisted, especially in critical infrastructure and essential sectors. The pandemic also highlighted the importance of maintaining asset integrity and reliability, emphasizing the role of corrosion inhibitors.
Thailand Corrosion Inhibitors |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Corrosion Inhibitors Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Corrosion Inhibitors Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Corrosion Inhibitors Market - Industry Life Cycle |
3.4 Thailand Corrosion Inhibitors Market - Porter's Five Forces |
3.5 Thailand Corrosion Inhibitors Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Corrosion Inhibitors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Thailand Corrosion Inhibitors Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Thailand Corrosion Inhibitors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Corrosion Inhibitors Market Trends |
6 Thailand Corrosion Inhibitors Market, By Types |
6.1 Thailand Corrosion Inhibitors Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Corrosion Inhibitors Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Thailand Corrosion Inhibitors Market Revenues & Volume, By Organic, 2021-2031F |
6.1.4 Thailand Corrosion Inhibitors Market Revenues & Volume, By Inorganic, 2021-2031F |
6.2 Thailand Corrosion Inhibitors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Corrosion Inhibitors Market Revenues & Volume, By Water Based, 2021-2031F |
6.2.3 Thailand Corrosion Inhibitors Market Revenues & Volume, By Oil Based, 2021-2031F |
6.3 Thailand Corrosion Inhibitors Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Thailand Corrosion Inhibitors Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 Thailand Corrosion Inhibitors Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.4 Thailand Corrosion Inhibitors Market Revenues & Volume, By Paper & Pulp, 2021-2031F |
6.3.5 Thailand Corrosion Inhibitors Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.3.6 Thailand Corrosion Inhibitors Market Revenues & Volume, By Chemical Processing, 2021-2031F |
6.3.7 Thailand Corrosion Inhibitors Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Thailand Corrosion Inhibitors Market Import-Export Trade Statistics |
7.1 Thailand Corrosion Inhibitors Market Export to Major Countries |
7.2 Thailand Corrosion Inhibitors Market Imports from Major Countries |
8 Thailand Corrosion Inhibitors Market Key Performance Indicators |
9 Thailand Corrosion Inhibitors Market - Opportunity Assessment |
9.1 Thailand Corrosion Inhibitors Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Corrosion Inhibitors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Thailand Corrosion Inhibitors Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Thailand Corrosion Inhibitors Market - Competitive Landscape |
10.1 Thailand Corrosion Inhibitors Market Revenue Share, By Companies, 2024 |
10.2 Thailand Corrosion Inhibitors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |