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
FUCHSChevron CorporationBel-RayDuPont3MHenkel AG & Co. KGaACSW Industrials, Inc.CRC IndustriesPermatexBostik
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 CompoundsNon-metallic Anti-seize Compounds
By Type
Copper & Graphite BasedAluminum BasedZinc BasedNickel & Graphite BasedMolybdenum BasedOthers
By End Use
Food & BeveragesPower GenerationAutomotiveConstructionOil & GasOthers
By Region
North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
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