The ballast tank corrosion inhibitors are made chromate free and are totally miscible in seawater if accidently leaked. The use of ballast tank corrosion inhibitors has led to significant reduction in the maintenance and service costs. They are generally available in liquid form for the ease of application. The ballast tank corrosion inhibitors not only provide protection from corrosion but also play a crucial role in safety, ventilation, and condensation, among others.
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Global Ballast Tank Corrosion Inhibitors Market: Regional Outlook
The global ballast tank corrosion inhibitors market is expected to be dominated by Asia Pacific region, particularly China, with the rising demand for marine vessels. There has been a rise in trade and other marine activities, which has created positive traction in the global ballast tank corrosion inhibitors market. Europe and North America are projected to hold significant share in the global ballast tank corrosion inhibitors market owing to the stringent regulations for vessel maintenance and safety and to reduce growing expenditure on the corrosion. Japan is forecasted to witness relatively sluggish growth over the forecast period. Other regions such as Latin America and Middle East and Africa are projected to be low volume–high growth regions and are projected to witness relatively high growth rate over the forecast period.
Global Ballast Tank Corrosion Inhibitors Market: Key Participants
Examples of some of the key participants identified across the value chain of global ballast tank corrosion inhibitors market are:
- Cortec Corporation
- Akzo Nobel N.V.,
- Wilh. Wilhelmsen Holding ASA
- Aquamarine Chemicals
- Marine Chemical
- Performance Chemicals Limited
- Amtec Limited
- Daubert Chemical Company
- Falchem International
- VapCor Inc
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Global Ballast Tank Corrosion Inhibitors Market: Segmentation
The global ballast tank corrosion inhibitors market can be segmented on the basis of vessel type, type of corrosion, material type and region.
On the basis of vessel type, the global ballast tank corrosion inhibitors market can be segmented as:
- Ships
- Submarines
- Boats
- Others
On the basis of type of corrosion, the global ballast tank corrosion inhibitors market can be segmented as:
- Salt contamination
- Rust scale
- Pitting corrosion
- Others
On the basis of material type, the global ballast tank corrosion inhibitors market can be segmented
- Ferrous
- Non ferrous
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