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Published Thu, Nov 29th 2018

Anti-Corrosive Agents Market Soaring Demand Assures Motivated Revenue Share during 2018- 2028

Fact.MR has announced the addition of the “ Anti-Corrosive Agents Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028"report to their offering.

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Market Introduction

Anti-corrosive agents are used to decrease the corrosion rate when added to a solvent, be it liquid or gas. Anti-corrosive agents form a layer around the substrate, which resists other chemicals and corrosion-causing agents that come in contact with the substrate layer. Anti-corrosive agents are used in various industries in the form of coatings, adhesives, sealants or other forms, depending upon the end-use industry. Anti-corrosive agents are oil-based, water-soluble, glycol-based and in other forms depending upon the nature of the application of anti-corrosive agents. Water-based anti-corrosive agents are used to protect metals surfaces, such as iron, aluminium, copper alloys, etc. against corrosion. Oil-based anti-corrosive agents have applications in plastic injection moulds, steel, electric products, and iron & copper alloys. Glycol-based anti-corrosive agents have applications in cooling systems, condensing systems, heat recovery systems, street heating and snow melting systems. Anti-corrosive agents are used in coatings in the automotive industry. Some anti-corrosive agents provide temporary corrosion protection, owing to which these anti-corrosive agents are used in injection moulds. Injection moulds are used for the production of plastic parts in the food industry.             

Market Dynamics

Anti-corrosive agents have a wide range of applications in several end-use industries, especially in paints & coatings and the steel industry. The growth of paints & coatings and the steel industry is expected to drive the anti-corrosive agents market in the near future. Oil and natural gas industries encounter corrosion problems at various stages, which is also expected to drive the anti-corrosive agents market in the coming years. The sales of anti-corrosive agents used as temporary corrosion inhibitors are expected to register significant growth driven by the growth of the food industry.

However, reduction in the efficiency of anti-corrosive agents due to temperature changes is likely to hamper the growth of the anti-corrosive agents market. The high life span of glycol-based anti-corrosive agents is expected to slow down the market growth of glycol-based anti-corrosive agents. The availability of alternate products, such as EonCoat, is also expected to hamper the sales growth of anti-corrosive agents.

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Market Segmentation

The anti-corrosive agents market is segmented as follows:

Anti-corrosive agents by chemistry:

  • Oil-based
  • Water-soluble
  • Others

Anti-corrosive agents by end-use industry:

  • Paints and Coating
  • Steel
  • Oil and Natural Gas
  • Pharmaceutical
  • Others

Regional Outlook

The North America region has witnessed steady growth in the pharmaceutical industry in the recent years. The paints & coatings and oil & gas industries in the North America region are also growing at an appreciable rate. These factors are expected to boost the sales of anti-corrosive agents in the region. Anti-corrosive agents are expected to register significant growth in the European region as well. The European region is a prominent market with growing chemical, automotive, pharmaceutical and paints & coating industries. The growth of these industries in Europe is expected to boost the anti-corrosive agents market.

India and China are among the key developing regions with high potential for the sales of anti-corrosive agents. The growth of food, pharmaceutical, chemical, steel and paints & coatings industries in China and India is expected to boost the sales of anti-corrosive agents in the near future. Middle East and Africa has witnessed moderate growth in the steel and chemical industry, which is expected to boost the sales of anti-corrosive agents to a certain extent. However, the already established and growing oil & natural gas industry in the Middle East and Africa region is expected to drive the anti-corrosive agents market in the near future. Latin America and APAC regions have moderately growing steel and pharmaceutical industries, which is expected to boost the anti-corrosive agents market in these regions in the coming years.

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List of Participants

The participants involved in the anti-corrosive agents market are listed below:

  • BASF SE
  • The Dow Chemical Company
  • Kao Corporation
  • Setral Chemie GmbH
  • Ascotran
  • ZET-Chemie
  • KL-Lampo
  • Wigol W. Stache GmbH
  • Aerosol Specialists Sdn. Bhd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Analysis@ https://www.factmr.com/report/1805/anti-corrosive-agents-market 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT MR


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