Anti-seize Compounds Market in the Oil & Gas, Automotive, and Transportation Industry


Demand in the anti-seize compounds market is projected to grow at 4.1% CAGR between 2022 and 2029. Future Market Insights forecast the market value to top US$ 179.0 Mn in 2022.

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 Million by 2029.

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.

“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.”

Drivers and Challenges Have an Impact on Market Dynamics, which can Impact Businesses. Find more Insights in a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-7203

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 the protection of the environment and the 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.

The 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. The 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.

Contact Sales for Further Assistance in Purchasing this Report@
https://www.futuremarketinsights.com/checkout/7203

Anti-Seize Compounds Market Taxonomy

Grade

  • Silver Grade
  • Nickel Grade
  • Food Grade
  • Marine Grade
  • Copper Grade
  • Regular Grade
  • Nuclear Grade
  • Non-metallic Grade
  • Zinc/Aluminum Grade
  • Special Purpose Anti-seize Grade

Sales Channel

  • Offline
  • Online

Container Type

  • Cans
  • Cartridges
  • Drums
  • Other Containers

End Use

  • Automotive & Transportation
  • Construction Equipment
  • Aircraft
  • Mining Equipment
  • Food Processing Equipment
  • Marine
  • Power Generation
  • Oil Exploration Equipment
  • Steel Foundry
  • Petrochemicals
  • Textile Equipment
  • Others

We Offer Tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-7203

About Future Market Insights Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.

Contact Information

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware
19713
USA
Phone : +1-845-579-5705
View website

Published in

Business , Marketing

Published on

May 28, 2023

Social Links