Substantial growth in the anti-seize compounds market is mainly backed by the growth of the automotive & transportation industry, which holds a prominent share in the consumption of anti-seize compounds, closely followed by the petrochemical sector. Increasing urbanization and rapid industrialization are creating massive opportunities for the construction industry, and significantly contributing to the rising demand for anti-seize compounds.
According to the latest report by FMI, the global anti-seize compounds market is expected to reach a valuation of US$ 236 Mn by 2029.
Visit For Sample>>https://www.futuremarketinsights.com/reports/sample/rep-gb-7203
“In most end-use industries, galling or seizing can increase maintenance time, resulting in longer shutdowns or closure. Increasing use of anti-seize compounds has enabled end users to reduce maintenance cost as well as time, and has simultaneously offered an efficient solution for improving gasket performance.”
Key Takeaways of Anti-seize Compounds Market Study
- Anti-seize compounds serve almost all major end users, including automotive & transportation, petrochemicals, mining, and others. The industrial sector in Asia Pacific is growing substantially, thereby increasing the demand for anti-seize compounds in the region.
- Copper grade anti-seize compounds find use in almost all end-use industries; hence, the segment is the most prominent amongst other grades. The nickel grade anti-seize compounds segment is anticipated to grow at a substantial rate, as these are increasingly being preferred in industries such as petrochemicals, oil exploration, and other industries where chemicals are involved, on account of nickel’s inert nature.
- East Asia is a prominent market for anti-seize compounds, and is expected to continue its dominance, owing to its strong industrial growth and high adoption of the product in the region.
- Increasing awareness about the need for protection of the environment and prevention of soil contamination has restricted the use of metallic anti-seize compounds on a global scale. Moreover, users are preferring nonmetallic anti-seize compounds over metallic ones, owing to their high cost.
For any queries linked with the report, ask an analyst >>https://www.futuremarketinsights.com/ask-question/rep-gb-7203
Market Landscape is Fairly Fragmented
The global anti-seize lubricants market is fairly fragmented, owing to a number of players holding small shares in the market. Top ten established players account for more than one-third of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and original equipment manufacturers (OEMs). Established players provide services to end users, which is an added advantage and will help them build relations for long-term supply. Key players such as Anti-Seize Technology, Henkel AG & Company, KGaA, Permatex, Inc., DuPont, Bostik, SAF-T-LOK International Corporation, FUCHS, Calumet Specialty Products Partners, 3M Company, CSW Industrials, Inc., and others are also focusing on marking their direct presence in local markets.
FREQUENTLY ASKED QUESTIONS ABOUT ANTI-SEIZE COMPOUNDS MARKET
What are the future projections for the anti-seize compounds market?
The global anti-seize compounds market is expected to gain traction over the forecast period on account of increasing investments in construction and mining in countries such as China, India, and Indonesia. Substantial growth in the anti-seize compounds market is mainly backed by demand from automotive & transportation, construction, petrochemical and mining, which cumulatively account for around half of the total consumption of anti-seize compounds.
Will volatile crude oil prices affect the growth of the anti-seize compounds market?
Yes, volatile crude oil prices can adversely affect the anti-seize compounds market. Crude oil prices have been rising since 2016, and reached US$ 57 per barrel in 2019 from US$ 32 per barrel in 2016, affecting the profit margins of anti-seize compound manufacturers. Moreover, volatile crude oil prices also restrict the growth of the petrochemical industry, thereby adversely affecting the growth of the anti-seize compounds market. However, overall impact is expected to be medium.
Which end use holds potential growth opportunities for market players?
Construction and mining industries are expected to push market growth in the near future. These industries have experienced substantial growth over the past few years, thereby increasing the demand for anti-seize compounds. Moreover, investments in construction and mining industries have peaked in recent years, and are expected to further increase in the foreseeable future.
What is the degree of competition in the anti-seize compounds market?
The anti-seize compounds market shows a fairly fragmented structure, with a large number of regional and local market players. In the current scenario, industry leaders such as Anti-Seize Technology, Henkel AG & Company, KGaA, Permatex, Inc., DuPont, Bostik, SAF-T-LOK International Corporation, FUCHS, Calumet Specialty Products Partners, 3M Company, and CSW Industrials, Inc. account for more than one-third of the total revenue share.
Want to Know More?
Future Market Insights has published a market research report on the anti-seize compounds market that contains global industry analysis of 2014–2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the anti-seize compounds market through five different segments- grade type, sales channel, container type, end user, and region. The anti-seize compounds market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.
For additional information, write to the analyst at email@example.com