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Corrosion inhibitors are made of various organic and inorganic chemicals such as molybdates, phosphonates, silicates and triazoles among others. Corrosion inhibitors form a layer over the metallic substrate and protect the metal from corrosion thereby, enhancing the life of the metal. The global corrosion inhibitor market is expected to benefit from gains in the water treatment industry over the next six years.Global corrosion inhibitors demand was valued at USD 5.20 billion in 2012 and is expected to reach USD 7.14 billion in 2019, growing at a CAGR of 4.7% from 2013 to 2019. In terms of volume, global consumption was 4,425.9 kilo tons in 2012 and is expected grow at a CAGR of 4.4% from 2013 to 2019.
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