市場調査報告書：腐食防止剤

Abstract

This report analyzes the worldwide markets for Corrosion Inhibitors in Million Pounds. The major end-use segments analyzed are Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, and Additives (Petroleum Products/Fuel). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia Pacific, Middle East, and Latin America. Annual forecasts are provided for each region for the period of 2000 through 2010. The report profiles 124 companies including many key and niche players worldwide such as Air Products and Chemicals, Ashland Specialty Chemical Company, BASF AG, Buckman Laboratories International, Inc., ChemTreat, Chemtura Corporation, Ciba Specialty Chemicals Holding, Cognis GmbH, Cortec Corporation, Dow Chemical, DuPont, Garratt-Callahan Company, GE Water Technologies, General Chemicals, Halox Pigments, King Industries, Inc., Lubrizol Corporation, Nalco Company, Rhodia SA, and Suez. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. Industry Overview II-1

Modest Growth Projected II-1
Current & Future Analysis II-1
Analysis by Geographic Region II-1
Analysis by End Use Segment II-1
Market Trends II-2
Water Treatment: Watering the Demand for Anti-corrosion II-2
Paint and Coating Additives to Register Faster Gains II-2
Higher Value Chemicals Replace Commodity Chemicals II-2
Growing Preference for Non-Toxic Corrosion Inhibitors II-2
Molybdates in Great Demand II-3
Organics Continue to Dominate II-3

2. Product Overview II-4

Introduction II-4
Types of Corrosion Inhibitors II-4
Classification by Functionality II-4
Passivating Inhibitors II-4
Cathodic Inhibitors II-4
Cathodic Poisons II-4
Oxygen Scavengers II-4
Precipitation Inhibitors II-5
Volatile Corrosion Inhibitors II-5
Classification by Chemical Type II-5
Inorganic Compounds II-5
Nitrites II-5
Chromates and Di Chromates II-6
Borates II-6
Nitrates, Molybdates and Benzoates II-6
Zinc Salts II-6
Polyphosphates II-6
Organic Compounds II-6
Benzotriazole II-6
Tolyltriazole II-6
Mercaptobenzothiazole II-7
Molybdates II-7
Silicates II-7
Amines II-7
Phosphonates II-7
Phosphates II-8
Evaluation of Corrosion Inhibitors II-8
I. Corrosion Protection Tests II-8
II. Film Persistency Tests II-8
III. Metal Loss Methods II-8
IV. Electro Chemical Methods II-9
V. Polarization Methods II-9
VI. Electrochemical Impedance Spectroscopy (EIS) II-9
VII. Electrochemical Noise (EN) II-10

3. End Use Market Analysis II-11

Petroleum Production, Refining, and Storage & Transportation II-11
Pulp and Paper II-11
Chemicals II-12
Metals II-12
Utilities II-12
Additives II-12

4. Regulatory Environment II-13

Clean Air Act II-13
Clean Water Act II-13
Safe Drinking Water Act (SDWA) II-14

5. Technological Developments II-15

Cortec Develops Multi Functional Bioadditive II-15 Cortec Researchers Develop Rust Inhibitors II-15 Cortec Develops Organic Corrosion Inhibitors II-15 Ronald Lee Builds Releasable Corrosion Inhibitors II-15 Researchers Develop Special Coating Systems II-15 Marshall Flight Center Develops Bonding-Compatible Corrosion Inhibitor II-16 Cortecｮ Researchers Develop Corrosion Inhibitors for Bio-Fuels II-16

6. Product Introductions/ Innovations II-17

Kurita Introduces OXYNON MF Series II-17
HALOX Launches Non-Toxic Corrosion Inhibitors II-17
Cortec Launches Cortecｮ MCIｮ-309 II-17
Cortec Introduces Cortecｮ M-238 II-17
Cortec Unveils Corrosion Inhibitor Additives for Gear and Hydraulic Oils II-18
Cortec Launches Corrosion inhibitors for Aircrafts II-18
Cortec Introduces Corrosion Inhibitors for Reinforced Concrete II-18
Cortec Launches Corrosion inhibitors for Packaging Unique parts II-18
Techmer Launches Vapor Corrosion Inhibitors II-19
Nalco Expands Corrosion Inhibitor Product Line II-19
ChemTreat Launches Corrosion Inhibitors for Several Purposes II-19
Daubert Introduces Emitter Packets II-19
CIMCOOL Launches CIMCLEAN M Series II-20
TechniCoat Inc Develops TechniCoat 10-1・II-20
HALOX Unveils Corrosion Inhibitors for Powder Coat Applications II-20
Cortec Launches Cortecｮ VpCITM-308 Powder II-20
PPF launches Albritect PM2ｮ II-20
Cortecｮ Launches Degradable Anti-Corrosion Film II-20
Cortec Introduces Anti-Corrosion Bio Formulations for Water Treatment Systems II-21
Haloxｮ Launches Liquid Corrosion Inhibitors II-21
Cortec launches Corrosion Inhibitors for Engine Treatment II-21
Cromwell Introduces Multi Purpose Inhibitors II-21
Rhodia Launches Rhodafac and Silcolease PC-605 Corrosion Inhibitors II-22
Halox Launches Flash-X 340 II-22
EPI Testifies Efficacy of Concentrated corrosion and Scale inhibitor II-22
Qingdao Commences Series Production of Alcohol Fuel Metal-Corrosion Inhibitor II-22
Ondeo Nalco Launches SurFlo for Oilfield Operations II-22
J. Walter Inc. Spotlight's New Cleaning Agent II-22
ITW Signode India Launches High-Performance Specialty Chemicals II-23
Grofit Plastics Unveils VCI-2000 II-23
Rhodia Introduces BRICORR 288 II-23
Loctite India Rolls out In-charge・Corrosion Inhibitors II-23

7. Recent Industry Activity II-24

DuPont and Reliance Industries Enter into an Alliance II-24
Preservation Sciences Declares Global Supply of Rust Inhibitors II-24
VSE Procures an Order from CPAC II-24
Crompton and Great Lakes Merge to form Chemtura II-24
OxyChem Acquires Vulcan Chemicals II-24
Daubert and Cromwell-Phoenix Merge II-25
Edgewater and Lycus Buy out P-Chem II-25
Ethyl Gets into Metalworking Business II-25
Group of Investors Acquire Ondeo Nalco Co II-25
ALTIVIA Acquires Performance Chemicals Business of Vulcan Materials Company II-25
Halox Buys Paint and Coatings Corrosion Inhibitor Business of Ciba II-25
Dupont ExpandsCapacity at Victoria II-26
GE Establishes Water Treatment Chemicals Plant in China II-26
Koace Indonesia to Expand Corrosion Inhibitor Capacity II-26
M-I Acquires Dynea' Oil Field Chemicals Business II-26
GE Acquires BetzDearborn II-26
MF Cachat Widens Regional Marketing Agreement with Halox Inc II-26
Mead Corp. and Westvaco Corp Merge to Form MeadWestvaco Corp II-27
Buckman Laboratories Buys Eclipse Chemical Co. II-27
Ciba Specialty Chemical Signs up MF Cachat for Organic pigment Distribution II-27
Dorf Ketal Chemicals Acquires UOP Unit II-27
Velsicol and Haltermann Team Up to Produce Sodium and Potassium Benzoate II-27
PMC Merges Subsidiaries II-27
Henkel Corporation Merges Specialty Chemical Divisions II-28

8. Focus on Select Players II-29

Air Products and Chemicals (US) II-29
Ashland Specialty Chemical Company (US) II-29
BASF AG (Germany) II-29
Buckman Laboratories International, Inc. (US) II-30
ChemTreat (US) II-30
Chemtura Corporation (US) II-30
Ciba Specialty Chemicals Holding (Switzerland) II-30
Cognis GmbH (Germany) II-31
Cortec Corporation (US) II-31
Dow Chemical (US) II-31
DuPont (US) II-31
Garratt-Callahan Company (US) II-32
GE Water Technologies (US) II-32
General Chemicals (US) II-32
Halox Pigments (US) II-32
King Industries, Inc (US) II-33
Lubrizol Corporation (US) II-33
Nalco Company (US) II-33
Rhodia SA (France) II-33
Suez (France) II-34

9. Global Market Perspective II-35

Table 1: World Recent Past, Current & Future Analysis for Corrosion Inhibitors by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-35
Table 2: World 10-Year Perspective for Corrosion Inhibitors by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-35
Table 3: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Petroleum Refining by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-36
Table 4: World 10-Year Perspective for Corrosion Inhibitors in Petroleum Refining by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-36
Table 5: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Petroleum Production by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-37
Table 6: World 10-Year Perspective for Corrosion Inhibitors in Petroleum Production by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-37
Table 7: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Chemical Industry by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-38
Table 8: World 10-Year Perspective for Corrosion Inhibitors in Chemical Industry by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-38
Table 9: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Metals by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-39
Table 10: World 10-Year Perspective for Corrosion Inhibitors in Metals by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-39
Table 11: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Pulp & Paper Industry by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-40
Table 12: World 10-Year Perspective for Corrosion Inhibitors in Paper & Pulp Industry by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-40
Table 13: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Utilities by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-41
Table 14: World 10-Year Perspective for Corrosion Inhibitors in Utilities by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-41
Table 15: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Additives by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-42
Table 16: World 10-Year Perspective for Corrosion Inhibitors in Additives by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-42
Table 17: World Recent Past, Current & Future Analysis for Corrosion Inhibitors in Miscellaneous Applications by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets Independently Analyzed with Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) II-43
Table 18: World 10-Year Perspective for Corrosion Inhibitors in Miscellaneous Applications by Geographic Region - Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America Markets for Years 2000, 2005, and 2010 (Includes Corresponding Graph/Chart) II-43

III. MARKET

1. The United States III-1

A. Market Analysis III-1
Specialty Formulations Replace Commodity Chemicals III-1
Historical Review III-1
Corrosion Costs in Select Industrial Sectors in the US - An Overview III-2
Manufacturing and Production III-2
Mining III-2
Pharmaceuticals, Petrochemicals, and Chemicals III-2
Paper and Pulp III-2
Petroleum Refining III-3
Agriculture III-3
Oil, Gas Exploration and Production III-3
Food Processing III-3
Home Appliances III-3
Infrastructure III-3
Transportation III-4
Utilities III-4
Government III-4
Table 19: US Corrosion Cost Analysis in Select Industrial Sectors (2005)- Production and Manufacturing, Transportation, Utilities, Infrastructure, and Government (Includes Corresponding Graph/Chart) III-5
Key Players III-6
Technological Developments III-10
Product Introductions/ Innovations III-11
Recent Industry Activity III-17
B. Market Analytics III-21
Table 20: US Recent Past, Current & Future Analysis for Corrosion Inhibitors by End Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-21
Table 21: US 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-22

2. Canada III-23

A. Market Analysis III-23
Recent Industry Activity III-23
B. Market Analytics III-24
Table 22: Canadian Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-24
Table 23: Canadian 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-25

3. Japan III-26

A. Market Analysis III-26
Product Introduction III-26
B. Market Analytics III-27
Table 24: Japanese Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-27
Table 25: Japanese 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-28

4. Europe III-29

A. Market Analysis III-29
Industrial Water Treatment Chemical Market -
An Overview III-29
Key Players III-30
Product Introductions/Innovations III-31
Recent Industry Activity III-32
B. Market Analytics III-33
Table 26: European Recent Past, Current & Future Analysis for Corrosion Inhibitors by Geographic Region- France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-33
Table 27: European Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-33
Table 28: European 10-Year Perspective for Corrosion Inhibitors by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-34
Table 29: European 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-35

4a. France III-36

Market Analysis III-36
Table 30: French Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-36
Table 31: French 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-37

4b. Germany III-38

Market Analysis III-38
Table 32: German Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-38
Table 33: German 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-39

4c. Italy III-40

Market Analysis III-40
Table 34: Italian Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-40
Table 35: Italian 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-41

4d. The United Kingdom III-42

Market Analysis III-42
Table 36: UK Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-42
Table 37: UK 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-43

4e. Spain III-44

Market Analysis III-44
Table 38: Spanish Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-44
Table 39: Spanish 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-45

4f. Russia III-46

Market Analysis III-46
Table 40: Russian Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-46
Table 41: Russian 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-47

4g. Rest of Europe III-48

Market Analysis III-48
Table 42: Rest of Europe Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-48
Table 43: Rest of Europe 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-49

5. Asia-Pacific III-50

A. Market Analysis III-50
China III-50
Rise in Applications of Tolyltriazole III-50
Product Introductions/ Innovations III-51
Recent Industry Activity III-51
B. Market Analytics III-52
Table 44: Asia Pacific Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-52
Table 45: Asia Pacific 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-53

6. Middle East III-54

Market Analysis III-54
Table 46: Middle East Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-54
Table 47: Middle East 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-55

7. Latin America III-56

Market Analysis III-56
Table 48: Latin American Recent Past, Current & Future Analysis for Corrosion Inhibitors by End-Use Segment - Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets Independently Analyzed with Annual Volume Sales Figures in Million Pounds for Years 2000 through 2010 (Includes Corresponding Graph/Chart) III-56
Table 49: Latin American 10-Year Perspective for Corrosion Inhibitors by End-Use Segment - Percentage Breakdown of Volume Sales for Petroleum Refining, Petroleum Production, Chemicals, Metals, Pulp & Paper, Utilities, Additives (Petroleum Products/Fuel), and Miscellaneous Markets for 2000, 2005 & 2010 (Includes Corresponding Graph/Chart) III-57

IV. COMPETITION

1. Accepta Water Treatment (UK) IV-1
2. ADD APT Chemicals BV (The Netherlands) IV-2
3. Air Products and Chemicals, Inc. (USA) IV-3
Table 50: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-5
Table 51: Half Yearly Sales Analysis by Segment: 2005-2006 (H1) (In US$ million) IV-5
Table 52: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In US$ million) IV-6
Table 53: Annual Sales Analysis: 2003-2004 (In US$ million) IV-6
Table 54: Annual Sales Analysis by Segment: 2003-2005 (In US$ million) IV-6
Table 55: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-6
Air Products PLC (UK) IV-12
Tomah3 Products, Inc. (USA) IV-13
4. Akzo Nobel NV (The Netherlands) IV-14
Table 56: Annual Sales Analysis: 2004-2005 (In € million) IV-18
Table 57: Annual Sales Analysis by Segment: 2004-2005 (In € million) IV-18
Table 58: Annual Sales Analysis by Geographic Region: 2004-2005 (In € million) IV-18
Akzo Nobel Surface Chemistry LLC (USA) IV-25
Akzo Nobel (USA) IV-25
5. Albemarle Corporation (USA) IV-26
Table 59: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-27
Table 60: First Quarter Sales Analysis by Business Segment: 2005-2006 (In US$ million) IV-27
Table 61: Annual Sales Analysis: 2003-2005 (In US$ million) IV-27
Table 62: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-28
6. Alken-Murray Corporation (USA) IV-33
7. Amrep, Inc. (USA) IV-34
8. Amsoil, Inc. (USA) IV-41
9. Arizona Chemical Company (USA) IV-47
10. Arkema Group (France) IV-49
CECA (France) IV-57
11. ARMOR Protective Packaging (USA) IV-58
12. Arteco NV/SA (Belgium) IV-59
13. Ashland Specialty Chemical (USA) IV-60
14. Baker Hughes - Baker Petrolite Division (USA) IV-63
Table 63: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-65
Table 64: First Quarter Sales Analysis by Business Segment: 2005-2006 (In US$ million) IV-65
Table 65: Annual Sales Analysis: 2003-2005 (In US$ million) IV-65
Table 66: Quarterly Sales Analysis: 2004-2005 (In US$ million) IV-66
Table 67: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-66
Table 68: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-66
Table 69: Annual Sales Analysis by Business Segment: 2003-2004 (In US$ million) IV-66
Table 70: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ million) IV-67
15. BASF Aktiengesellschaft (AG) (Germany) IV-68
Table 71: First Quarter Sales Analysis: 2005-2006 (In € billion) IV-73
Table 72: Annual Sales Analysis: 2003-2005 (In € billion) IV-73
Table 73: Annual Sales Analysis by Quarter: 2003-2004 (In € billion) IV-73
Table 74: Annual Sales Analysis by Segment: 2003-2004 (In € billion) IV-74
Table 75: Annual Sales Analysis by Geographic Region: 2003-2004 (In € billion) IV-74
Basf Corporation (USA) IV-92
Table 76: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-94
16. Brulin Corporation, The (USA) IV-104
17. Buckman Laboratories International, Inc. (USA) IV-108
18. C.H. Erbsl (Germany) IV-109
19. Caltex Australia Petroleum Pty., Ltd. (Australia) IV-110
20. Carl Bechem GmbH (Germany) IV-112
21. Carus Chemical Company (USA) IV-113
22. Castrol Ltd. (UK) IV-116
23. Century Corrosion Technologies, Inc. (USA) IV-117
24. Champion Technologies, Inc. (USA) IV-118
25. Changzhou Kewei Fine Chemical Factory (China) IV-122
26. ChemTreat, Inc. (USA) IV-123
27. Chemtura Corporation (USA) IV-124
Table 77: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-124
Table 78: First Quarter Sales Analysis by Business Segment: 2005-2006 (In US$ million) IV-125
Table 79: Annual Sales Analysis: 2004-2005 (In US$ million) IV-125
28. Chevron Corporation (USA) IV-126
Table 80: Annual Sales Analysis: 2004-2005 (In US$ billion) IV-128
29. Ciba Specialty Chemicals Holding, Inc. (Switzerland) IV-137
Table 81: Annual Sales Analysis: 2003-2005 (In SwF million) IV-139
Table 82: Annual Sales Analysis by Segment: 2004-2005 (In SwF million) IV-139
Table 83: Annual Sales Analysis by Geographic Region: 2004-2005 (In SwF million) IV-139
Table 84: Annual Sales Analysis by Segment: 2003-2004 (In SwF million) IV-139
Table 85: Annual Sales Analysis by Geographic Region: 2003-2004 (In SwF million) IV-140
Ciba Specialty Chemicals North America (USA) IV-145
30. Climax Molybdenum Company (USA) IV-146
31. Coastal Chemical Co., LLC (USA) IV-147
32. Cognis Deutschland GmbH & CO., KG. (Germany) IV-150
33. Coolant Control, Inc. (USA) IV-154
34. Corroless Corrosion Control (UK) IV-154
35. Cortec Corporation (USA) IV-155
36. CRC Industries, Inc. (Canada) IV-159
37. Crest Industrial Chemicals, Inc. (USA) IV-160
38. Daubert Chemical Company (USA) IV-161
39. Daubert Cromwell (USA) IV-163
40. DeForest Enterprises, Inc. (USA) IV-164
41. Dow Chemical Company, The (USA) IV-165
Table 86: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-168
Table 87: Annual Sales Analysis: 2003-2005 (In US$ million) IV-168
Table 88: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-168
Table 89: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-169
Table 90: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-169
Table 91: Annual Sales Analysis by Segment: 2003-2004 (In US$ million) IV-169
Table 92: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ million) IV-169
42. Dow Corning Corporation (USA) IV-175
Table 93: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-175
43. E. I. Du Pont De Nemours And Company (USA) IV-178
Table 94: First Quarter Sales Analysis: 2005-2006 (In US$ billion) IV-180
Table 95: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-180
Table 96: Quarterly Annual Sales Analysis: 2004-2005 (In US$ billion) IV-181
Table 97: Annual Sales Analysis by Segment: 2004-2005 (In US$ billion) IV-181
Table 98: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ billion) IV-181
Table 99: Quarterly Sales Analysis: 2003-2004 (In US$ billion) IV-181
Table 100: Annual Sales Analysis by Segment:
Table 101: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ billion) IV-182
Dupont India (India) IV-190
44. Eastern Color & Chemical Company (USA) IV-194
45. Electrochemical Products, Inc. (USA) IV-195
46. Etna Products, Inc. (USA) IV-198
47. Evercoate Chemicals (India) IV-198
48. FMC Corporation (USA) IV-199
Table 102: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-201
Table 103: Annual Sales Analysis: 2003-2005 (In US$ million) IV-201
Table 104: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-202
Table 105: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-202
Table 106: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-202
Table 107: Annual Sales Analysis by Quarter: 2003-2004 (In US$ million) IV-202
Table 108: Annual Sales Analysis by Segment: 2003-2004 (In US$ million) IV-203
Table 109: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ million) IV-203
49. Fuchs Petrolub AG (Germany) IV-207
Table 110: Annual Sales Analysis: 2003-2004 (In € million) IV-207
Table 111: Annual Sales Analysis by Product Segment: 2003-2004 (In € million) IV-208
Table 112: Annual Sales Analysis by Geographic Region: 2003-2004 (In € million) IV-208
50. Garratt-Callahan Company (USA) IV-208
51. GE Infrastructure Water & Process Technologies (USA) IV-209
52. General Chemical Corporation (USA) IV-211
53. Green Country Chemical (USA) IV-211
54. Hakuto Co., Ltd. (Japan) IV-212
55. Hammond Group - Haloxｮ Division (USA) IV-213
56. Harry Miller Corporation (USA) IV-214
57. Heatbath Corporation (USA) IV-214
58. Houghton Chemical Corporation (USA) IV-215
59. Hubbard-Hall (USA) IV-217
60. Huntsman LLC (USA) IV-218
Table 113: First Quarter Sales Analysis: 2005-2006 (In US$ billion) IV-220
Table 114: Fizrst Quarter Sales Analysis by Segment: 2005-2006 (In US$ billion) IV-220
Table 115: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-220
Table 116: Annual Sales Analysis by Segment: 2004-2005 (In US$ billion) IV-221
Table 117: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ billion) IV-221
Table 118: Quarterly Sales Analysis: 2004-2005 (In US$ billion) IV-221
Table 119: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ billion) IV-222
61. Innophos, Inc. (USA) IV-229
Table 120: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-230
Table 121: Annual Sales Analysis: 2003-2005 (In US$ million) IV-230
Table 122: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-230
Table 123: Annual Sales Analysis by Product: 2004-2005 (In US$ million) IV-230
Table 124: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-230
Table 125: Annual Sales Analysis by Product: 2003-2004 (In US$ million) IV-231
Table 126: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ million) IV-231
62. Innospec (UK) IV-233
63. Interex International Ltd. (UK) IV-236
64. INVISTA, Inc. (USA) IV-237
65. Jacam Chemicals LLC (USA) IV-239
66. Johoku Chemical Co., Ltd. (Japan) IV-239
67. K. P. I. Overseas Private Limited (India) IV-240
68. King Industries, Inc. (USA) IV-241
69. KPR Adcor, Inc. (Canada) IV-242
70. Kurita Water Industries Limited (Japan) IV-243
Table 127: Annual Sales Analysis: 2003-2005 (In ¥ million) IV-244
71. Lanxess AG (Germany) IV-245
Table 128: First Quarter Sales Analysis: 2004-2005 (Q1) (In € million) IV-248
Table 129: First Quarter Sales Analysis by Segment: 2004-2005 (Q1) (In € million) IV-248
Table 130: First Quarter Sales Analysis by Geographic Region: 2004-2005 (Q1) (In € million) IV-248
Table 131: Annual Sales Analysis: 2003-2004 (In € million) IV-249
Table 132: Annual Sales Analysis by Segment: 2003-2004 (In € million) IV-249
Table 133: Annual Sales Analysis by Geographic Region: 2003-2004 (In € million) IV-249
Lanxess Corporation (USA) IV-253
72. Lockhart Chemical Company (USA) IV-254
73. Lonza Group Ltd. (Switzerland) IV-255
Table 134: Annual Sales Analysis: 2003-2005 (In CHF million) IV-257
Table 135: Annual Sales Analysis by Division: 2004-2005 (In CHF million) IV-257
Table 136: Annual Sales Analysis by Division: 2003-2004 (In CHF million) IV-257
Lonza, Inc. (USA) IV-264
74. LPS Laboratories - An Illinois Tool Works Company (USA) IV-266
75. Magna Chemical Canada, Inc. (Canada) IV-268
76. Master Chemical Corporation (USA) IV-270
77. McGean-Rohco, Inc. (USA) IV-274
78. MeadWestvaco Corporation (USA) IV-276
Table 137: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-277
Table 138: First Quarter Sales Analysis by Segment: 2005-2006 (Q1) (In US$ million) IV-277
Table 139: Annual Sales Analysis: 2003-2005 (In US$ million) IV-278
Table 140: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-278
79. Melrose Chemicals Ltd. (Canada) IV-283
80. Midwest Custom Chemicals, Inc. (USA) IV-285
81. Milacron - Cimcool (USA) IV-287
Table 141: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-288
Table 142: First Quarter Sales Analysis by Segment:2005-2006 (Q1) (In US$ million) IV-289
Table 143: Annual Sales Analysis: 2003-2005 (In US$ million) IV-289
Table 144: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-289
Table 145: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-289
Table 146: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-290
Table 147: Annual Sales Analysis by Segment: 2003-2004 (In US$ million) IV-290
Table 148: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ million) IV-290
82. MPG Industries, Inc. (USA) IV-291
83. Nalco Company (USA) IV-292
Table 149: Annual Sales Analysis: 2003-2005 (In US$ million) IV-294
Table 150: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-294
Table 151: Annual Sales Analysis by Geographic
Region: 2004-2005 (In US$ million) IV-294
84. Nanjing Naco Fine Chemical &Technology Development Company (China) IV-296
85. Nanjing Ningjiang Chemical Plant (China) IV-297
86. Navdeep Chemicals Pvt., Ltd. (India) IV-298
87. Nihon Parkerizing Co., Ltd. (Japan) IV-300
88. Nobles Manufacturing, Inc. (USA) IV-301
89. Norros Corporation (USA) IV-302
90. Northern Technologies International Corporation (USA) IV-303
Table 152: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-304
Table 153: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ million) IV-304
Table 154: Annual Sales Analysis: 2003-2005 (In US$ million) IV-304
Table 155: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-305
91. NUR Chemicals & Engineering Industries Co. (Jordan) IV-306
92. Occidental Chemical Corporation (USA) IV-308
93. Oxy-Wax Ltd. (UK) IV-309
94. PAX Group of Companies (India) IV-310
95. Pilot Chemical Company (USA) IV-311
96. PMC Specialties Group, Inc. (USA) IV-313
97. PPG industries, Inc. (USA) IV-314
Table 156: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-316
Table 157: First Quarter Sales Analysis by Segment: 2005-2006 (Q1) (In US$ million) IV-316
Table 158: Annual Sales Analysis: 2003-2005 (In US$ million) IV-316
Table 159: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-316
98. PQ Corporation (USA) IV-321
99. Preservation Sciences, Inc. (USA) IV-323
100. Protective Packaging Corporation (USA) IV-324
101. Q8 - Kuwait Petroleum (Danmark) A/S (Denmark) IV-325
102. Quaker Chemical Corporation (USA) IV-326
Table 160: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-326
Table 161: First Quarter Sales Analysis by Segment: 2005-2006 (Q1) (In US$ million) IV-327
Table 162: Annual Sales Analysis: 2003-2005 (In US$ million) IV-327
103. R.T. Vanderbilt Company, Inc. (USA) IV-329
104. Reliance Industries Ltd. (India) IV-339
Table 163: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In INR billion) IV-342
Table 164: Annual Sales Analysis: 2003-2005 (In INR billion) IV-342
Table 165: Annual Sales Analysis by Segment: 2004-2005 (In INR billion) IV-342
105. Rhodia SA (France) IV-345
Table 166: First Quarter Sales Analysis: 2005-2006 (Q1) (In € million) IV-347
Table 167: Annual Sales Analysis: 2004-2005 (In € million) IV-348
Table 168: Annual Sales Analysis by Quarter: 2004-2005 (In € million) IV-348
106. Ronco International (USA) IV-351
107. Royal Coatings, Inc. (USA) IV-353
108. SEI Chemical (USA) IV-355
109. Sentry Solutions Ltd. (USA) IV-356
110. Royal Dutch Shell (The Netherlands) IV-357
Table 169: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-358
Table 170: Annual Sales Analysis: 2003-2005 (In US$ million) IV-358
Table 171: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-359
Table 172: Annual Sales Analysis by Geographic Regoin: 2004-2005 (In US$ million) IV-359
Shell Lubricants (USA) IV-365
111. Shipro Kasei Kaisha Ltd. (Japan) IV-368
112. Suez (France) IV-369
113. SynTech Products Corporation (USA) IV-371
114. Techmer PM (USA) IV-372
115. The Lubrizol Corporation (USA) IV-373
Table 173: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million) IV-374
Table 174: First Quarter Sales Analysis by Quarter: 2005-2006 (Q1) (In US$ million) IV-374
Table 175: Annual Sales Analysis: 2003-2005(In US$ million) IV-375
Table 176: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-375
Table 177: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-375
Table 178: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-375
116. The Prayon Group (Belgium) IV-383
117. The Valvoline Company (USA) IV-385
118. Tianhua Tech Co., Ltd. (China) IV-389
119. Tosoh Corporation (Japan) IV-390
Table 179: First Quarter Sales Analysis: 2005-2006 (Q1) (In ¥ billion) IV-392
Table 180: Annual Sales Analysis: 2003-2005 (In ¥ billion) IV-392
Table 181: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-392
Table 182: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-392
120. Uniqema (UK) IV-396
121. UOP LLC (USA) IV-397
122. Vapor-Tek Limited (UK) IV-399
123. Water Services Ltd. (UK) IV-400
124. Zip-Chemｮ Products (USA) IV-400

腐食防止剤の世界市場

Corrosion Inhibitors

Abstract

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. Industry Overview II-1

2. Product Overview II-4

3. End Use Market Analysis II-11

4. Regulatory Environment II-13

5. Technological Developments II-15

6. Product Introductions/ Innovations II-17

7. Recent Industry Activity II-24

8. Focus on Select Players II-29

9. Global Market Perspective II-35

III. MARKET

1. The United States III-1

2. Canada III-23

3. Japan III-26

4. Europe III-29

4a. France III-36

4b. Germany III-38

4c. Italy III-40

4d. The United Kingdom III-42

4e. Spain III-44

4f. Russia III-46

4g. Rest of Europe III-48

5. Asia-Pacific III-50

6. Middle East III-54

7. Latin America III-56

IV. COMPETITION