The demand for metal products to work under extreme pressure
surges the necessity for elevated durability of such products,
which elevates the importance of anti-seize compounds. Such
importance of compounds will likely generate a rising demand for
innovative and cost-effective products that can cater to the
diversified requirements of consumers
WILMINGTON, Del., July 25, 2024 /PRNewswire/ -- The global
anti-seize compound market will likely traverse a moderate progress
path that will help the market reach USD 344
million by 2034. The last recorded valuation of the industry
was USD 196.6 million in 2023. This
advancement of the sector is attributed to a moderate CAGR of
5.2% through the forecasted era.
With the growing investments in the manufacturing sector spur
the growth of different organizations in the industry. This factor
has been pushing key players to innovate and develop new solutions
for preventing metal corrosion. Product augmentation has been
opening new market verticals, driving the industry.
The subsequent effect of monetary support is the growing
research activities in the industry. With the spurring of research
and development, precision has been elevated, which results in
delivering better preventive solutions. This factor will likely
drive the ecosystem.
The chance of food contamination due to the use of
metal-oriented anti-seize compounds is higher. As a result, the
demand for products that will not hamper the food quality is sought
more has been growing rapidly. Lubricants, preventive measures for
galling and corrosion, and seizing are growing in the industry.
This is a key contributing factor to the anti-seize compound market
propagation.
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Organizations in the food and beverage industry are emphasizing
the reduction of maintenance and servicing of machinery. Along with
this, the demand for safe and reliable food is a key concern for
manufacturers. To cater to the need, key players focus on using
machine-maintenance methods that will minimize the downtime of
machines. Anti-seize compounds can provide suitable solutions to
the issue, and hence, the demand for such solutions spikes.
Key Findings from the Market Report
- The landscape of anti-seize compounds can be segmented into
different sub-segments. Depending on categories, the competitive
landscape can be segmented into metallic and non-metallic
anti-seize compounds. In the case of non-metallic anti-seize
compounds, their ability to perform in humid conditions is better,
driving the demand in marine applications.
- Based on the type of compounds, Aluminum-based anti-seize
compounds are widely used. The ability of compounds to reduce
friction is great, and hence, the demand for such solutions for
friction reduction applications is greater.
- Pertaining to metal protection against salt water corrosion,
copper and graphite-based anti-seize compounds are widely used.
This factor fuels the demand for such compounds in marine
engineering.
- Along with the automotive and construction industry, the demand
for anti-seize compounds is surging in the food and beverage
industry. With the rising importance of reducing the downtime of
machines and reducing food contamination, more preference is given
to such solutions.
Anti-Seize Compound Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 196.6 Mn
|
Forecast (Value) in
2034
|
US$ 344.0 Mn
|
Growth Rate
(CAGR)
|
5.2 %
|
No. of
Pages
|
245
Pages
|
Segments
covered
|
By Category, By Type,
By End-use, By Region
|
Regional Profile
- The growing population in the Asia-Pacific is fueling the food industry.
This will drive the demand for anti-seize compounds, which will
help the ecosystem grow in this region.
- With the robust technological infrastructure in North America, innovation has been spurring in
the region. This creates lucrative prospects for key players in the
region.
- Europe is a central hub for
the manufacturing sector, which drives the demand for anti-seize
compounds in the region.
Competitive Landscape
The global anti-seize compound market is cluttered with new
entrants and key players. Organizations have been introducing new
products to bolster positions in the industry.
- 3M is a key player that operates
in different verticals, including abrasives, advanced materials,
automotive parts, and hardware.
- DuPont is another key player working in construction materials,
consumer products, and advanced printing solutions.
- Chevron Corporation offers refined products, including marine
and aviation fuels, gasoline, fuel oil additives, and many
more.
Key Players
- FUCHS
- Chevron Corporation
- Bel-Ray
- DuPont
- 3M
- Henkel AG & Co. KGaA
- CSW Industrials, Inc.
- CRC Industries
- Permatex
- Bostik
Key Developments in the Anti-seize Compound Market
- In May 2023, DuPont acquired
Spectrum Plastics Group. This strategic move helped the firm
diversify its capabilities.
- In May 2024, 3M expanded the business in Nebraska. With the expansion of 90,000
square feet in the valley, the firm has consolidated its market
position.
Market Segmentation
By Category
- Metallic Anti-seize Compounds
- Non-metallic Anti-seize Compounds
By Type
- Copper & Graphite Based
- Aluminum Based
- Zinc Based
- Nickel & Graphite Based
- Molybdenum Based
- Others
By End Use
- Food & Beverages
- Power Generation
- Automotive
- Construction
- Oil & Gas
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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