With the rising menace of corrosion of steel and other material-made tanks in the water bodies, there has been swift rise in the demand for ballast tank corrosion inhibitors for ships, submarines, boats and others. A ballast tank is a compartment inside a vessel that holds water and helps to improve the stability of the ships by increasing or decreasing the water level. They are also known as trim tanks. Long service life and low requirement of maintenance are the major cause of concern for the ballast tank manufacturers. Ballast tank corrosion inhibitor coatings are applied to protect the vessel from rusting, pitting or any other structural damage. The parts of ballast tanks are classified as upper, middle and lower parts, which are prone to distinct type of corrosion depending on its exposure to air and water and hence are applied specific coatings.
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:
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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:
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.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7184
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
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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
- Salt contamination
- Rust scale
- Pitting corrosion
- Others
- Ferrous
- Non ferrous
