North America Corrosion Inhibitors Market Forecast (2016-2023)

Year UNITED STATES CANADA
2016 $ 1410.9 $ 338.1
2017 $ 1442.1 $ 346.0
2018 $ 1477.1 $ 354.8
2019 $ 1515.9 $ 364.6
2020 $ 1557.1 $ 374.9
2021 $ 1606.5 $ 387.3
2022 $ 1657.7 $ 400.1
2023 $ 1710.7 $ 413.4
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North America Corrosion Inhibitors Market Forecast (2016-2023)

Synopsis
The above chart is Global Corrosion Inhibitors market [2016-2023] by North America

Market Dynamics

United states accounted for the larger market share in 2017 in the north america corrosion inhibitors market, and is expected to reach usd 1710.70 million in 2023 from usd 1442.10 million in 2017. however, canada is the fastest growing market, which is expected to grow at a cagr of 3.10% during the forecast period 2018 - 2023. organic corrosion inhibitor segment accounted for the larger market share in 2017, this market is expected to reach usd 1402.30 million in 2023 from usd 1184.70 million in 2017. this market is projected to grow at a cagr of 2.96% during the forecast period from 2018 - 2023. however, inorganic corrosion inhibitor segment is the fastest growing market, which is expected to grow at a cagr of 3.09% during the forecast period 2018 - 2023. power generation segment accounted for the largest market share in 2017, this market is expected to reach usd 599.10 million in 2023 from usd 485.40 million in 2017. this market is projected to grow at a cagr of 3.73% during the forecast period from 2018 - 2023. however, power generation segment is the fastest growing market, which is expected to grow at a cagr of 3.73% during the forecast period 2018 - 2023. water based corrosion inhibitor segment accounted for the larger market share in 2017, this market is expected to reach usd 1420.50 million in 2023 from usd 1177.20 million in 2017. this market is projected to grow at a cagr of 3.28% during the forecast period from 2018 - 2023. however, water based corrosion inhibitor segment is the fastest growing market, which is expected to grow at a cagr of 3.28% during the forecast period 2018 - 2023.

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