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Anti-Seize Compound Market Growth: 5.2% CAGR Expected, Market Value to Reach USD 344 million by 2034 | Exclusive Report by Transparency Market Research Inc.

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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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Have a Look at Related Research Reports of Chemicals & Materials

Hydroelectric Cells Market – The global hydroelectric cells industry, valued at $1.7 billion in 2021, is projected to grow at a CAGR of 6.1%, reaching $3.0 billion by 2031. Hydroelectric cell is a key source of green energy and offers several advantages over other renewable energy sources.Flat Roofing Market – As per TMR’s global flat roofing market research report, the market was valued at US$ 30.9 Bn in 2021 and is projected to expand at a CAGR of 5.4% during the forecast period from 2022 to 2031.MV Dynamic Underwater Cables Market is estimated to increase at a CAGR of 11.3% from 2023 to 2031 and reach US$ 4.2 Bn by the end of 2031SAP Market in Ice Packs for Food Transportation is estimated to increase at a CAGR of 6.0% from 2023 to 2031 and reach US$ 40.0 Mn by the end of 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Siemon Validates Interoperability of AI-Ready Fiber Cabling with NVIDIA™ InfiniBand™ Hardware at IBTA Plugfest

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Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

WATERTOWN, Conn., Sept. 28, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, successfully participated in the 41st InfiniBand Trade Association (IBTA) Plugfest for InfiniBand and RoCE, held at The University of New Hampshire – Interoperability Lab from April 15th to May 3rd. This year’s Plugfest marked a significant milestone with the IBTA introducing new system interoperability testing that included optical transceivers and fiber cabling from various manufacturers for the first time. This rigorous testing program establishes compliance to industry specifications and real-world interoperability, ensuring a robust ecosystem of InfiniBand and RoCE products.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications”

Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications,” stated Gary Bernstein, Siemon’s Sr. Director of Global Data Center Sales.

The System testing was done with NDR 400G and NDR 200G traffic using NVIDIA switches, ConnectX-7 adapter cards, multimode and singlemode transceivers, and Siemon’s multimode and singlemode MTP fiber cabling solutions, including trunks, jumpers, and patch panels.

The IBTA will publish their InfiniBand Integrator’s list soon, listing specific hardware and Siemon components used in various configurations.

For inquiries regarding this testing or Siemon’s AI-Ready solutions, please contact your local Siemon representative.

For more information on Siemon Generative AI Solutions, please visit www.siemon.com/ai.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com 

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SOURCE Siemon

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Liftoff! NASA’s SpaceX Crew-9 Launches to International Space Station

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WASHINGTON, Sept. 28, 2024 /PRNewswire/ — The two crew members of NASA’s SpaceX Crew-9 mission launched at 1:17 p.m. EDT Saturday, for a science expedition aboard the International Space Station. This is the first human spaceflight mission launched from Space Launch Complex-40 at Cape Canaveral Space Force Station in Florida, and the agency’s ninth commercial crew rotation mission to the space station.

A SpaceX Falcon 9 rocket propelled the Dragon spacecraft into orbit carrying NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The spacecraft will dock autonomously to the forward-facing port of the station’s Harmony module at approximately 5:30 p.m. Sunday, Sept. 29, where Hague and Gorbunov will join Expedition 72 for a five-month stay aboard the orbiting laboratory.

“This mission required a lot of operational and planning flexibility. I congratulate the entire team on a successful launch today, and godspeed to Nick and Aleksandr as they make their way to the space station,” said NASA Administrator Bill Nelson. “Our NASA wizards and our commercial and international partners have shown once again the success that comes from working together and adapting to changing circumstances without sacrificing the safe and professional operations of the International Space Station.”

During Dragon’s flight, SpaceX will monitor a series of automatic spacecraft maneuvers from its mission control center in Hawthorne, California. NASA will monitor space station operations throughout the flight from the Mission Control Center at the agency’s Johnson Space Center in Houston.

NASA will provide live coverage of rendezvous, docking, and hatch opening, beginning at 3:30 p.m., Sept. 29, on NASA+ and the agency’s website. NASA also will broadcast the crew welcome ceremony once Hague and Gorbunov are aboard the orbital outpost. Learn how to stream NASA content through a variety of platforms, including social media.

The duo will join the space station’s Expedition 72 crew of NASA astronauts Michael Barratt, Matthew Dominick, Jeanette Epps, Don Pettit, Butch Wilmore, and Suni Williams, as well as Roscosmos cosmonauts Alexander Grebenkin, Alexey Ovchinin, and Ivan Vagner. The number of crew aboard the space station will increase to 11 for a short time until Crew-8 members Barratt, Dominick, Epps, and Grebenkin depart the space station in early October.

The crewmates will conduct more than 200 scientific investigations, including blood clotting studies, moisture effects on plants grown in space, and vision changes in astronauts during their mission. Following their stay aboard the space station, Hague and Gorbunov will be joined by Williams and Wilmore to return to Earth in February 2025.

With this mission, NASA continues to maximize the use of the orbiting laboratory, where people have lived and worked continuously for more than 23 years, testing technologies, performing science, and developing the skills needed to operate future commercial destinations in low Earth orbit and explore farther from Earth. Research conducted at the space station benefits people on Earth and paves the way for future long-duration missions to the Moon under NASA’s Artemis campaign, and beyond.

More about Crew-9

Hague is the commander of Crew-9 and is making his second trip to the orbital outpost since his selection as an astronaut in 2013. He will serve as a mission specialist during Expedition 72/73 aboard the space station. Follow @AstroHague on X and Instagram.

Roscosmos cosmonaut Aleksandr Gorbunov is flying on his first mission. He will serve as a flight engineer during Expeditions 72/73.

Learn more about NASA’s SpaceX Crew-9 mission and the agency’s Commercial Crew Program at:

https://www.nasa.gov/commercialcrew

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SOURCE NASA

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Global Times: 75 years on, China committed to global common development

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BEIJING, Sept. 28, 2024 /PRNewswire/ — October 1 this year marks the 75th anniversary of the founding of the People’s Republic of China. Over the past 75 years, under the leadership of the Communist Party of China (CPC), the country has undergone tremendous changes, realizing unprecedented development. China has achieved in a few decades what took developed countries several centuries, with its economy now ranking as the second largest in the world. With strenuous efforts, China has realized its first centenary goal – building a moderately prosperous society in all respects.

China’s influence on the world has never been as profound and long-lasting as it is today. Likewise, the world’s attention to China has never been as deep, and focused as it is now.

As globalization deepens, nations are becoming more interdependent, while various global challenges continue to emerge. Humanity faces natural challenges such as climate change and the loss of biodiversity, as well as common global threats like extreme poverty, nuclear proliferation, political extremism, hegemony, and escalating geopolitical conflicts. The need for cooperation has never been more urgent or important than it is today, experts said.

“Where is humanity headed?” has become a significant question concerning the future and destiny for all.

To answer this question, Chinese President Xi Jinping put forward the vision of building a community with a shared future for humanity in 2013. This is seen as China’s solution to addressing global challenges and creating a better future through concerted efforts of the international community. “The common interest of all humankind is in a world united and peaceful rather than divided and volatile,” Xi said, Xinhua News Agency reported.

Building a community with a shared future for humanity is not about replacing one system with another or one civilization with another. Instead, it is about countries with different social systems, ideologies, historical contexts, and levels of development achieving mutual benefits, sharing rights, and jointly bearing responsibilities in international affairs, experts said.

“Unlike the confrontational or competitive approaches that often dominate international relations, this concept advocates for inclusivity and multilateralism,” Hamad Al Hosani, senior researcher at TRENDS Research and Advisory, a think tank of the United Arab Emirates, told the Global Times. “It also reflects a shift from traditional approach to one that embraces a holistic and interconnected global outlook.”

Hosani added that this concept helps address global challenges by focusing on shared responsibilities, such as equitable resource distribution, environmental stewardship, and collective security measures. It encourages countries to promote a sense of global solidarity and cooperation in managing transnational threats.

China’s vision, embodied in initiatives like the Belt and Road Initiative, focuses on infrastructure investment, trade connectivity, and mutual development without imposing political conditions, Hosani told the Global Times, adding that “this reflects a more pragmatic and cooperative approach that respects the individual paths of nations.”

Therefore, the Chinese path offers developing countries an alternative model of engagement, one that values equal partnership and mutual benefit rather than hierarchical or conditional relationships. “This has attracted many countries, particularly in the Global South, to China’s approach, which they see as less intrusive and more respectful of their developmental needs and choices,” Hosani said.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times that China has provided substantial aid to the Global South over the past decade and established various organizations such as the Asian Infrastructure Investment Bank (AIIB), which reflect China’s principles of equality, inclusiveness, cooperation, and sustainability.

For a better world

Over the 11 years since the concept of building a community with a shared future for humanity was proposed, China has been both an advocate and a practitioner. Through joint efforts, the Belt and Road Initiative (BRI) has transformed from a Chinese proposal to an international practice, from an idea to concrete actions. It has not only brought tangible benefits to the participating countries but also contributed positively to promoting healthy globalization, addressing global development challenges, and improving global governance.

Projects such as the China-Pakistan Economic Corridor, China-Europe Railway Express, China-Laos Railway, Jakarta-Bandung High-Speed Railway, Piraeus Port, Kopa wind power project have greatly benefited local people. By the end of June 2023, China had signed over 200 cooperation documents with more than 150 countries across five continents and over 30 international organizations under the BRI framework, creating countless iconic projects as well as smaller, people-centered projects.

Bojan Lalic, director of the Belt and Road Institute in Belgrade, told the Global Times that different from the West’s selective alliances, China has opted for a path of inclusive multilateralism, advocating for broader cooperation and promoting inclusive frameworks such as the BRI to facilitate development across numerous nations.

“As developing countries increasingly engage with China, a shift in global power dynamics may occur, enabling a multipolar world where various development models coexist,” Lalic said.

Under the vision of building a community with a shared future for humanity, President Xi proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative successively from 2021 to 2023. These three initiatives focus on addressing global development challenges, eliminating global security dilemmas, and promoting exchanges and mutual learning among civilizations.

So far, more than 100 countries and international organizations have voiced support for the Global Development Initiative, with over 70 countries joining this “Group of Friends.” More than 200 development cooperation projects have yielded results, according to the People’s Daily Overseas Edition.

UN Secretary-General António Guterres praised the Global Development Initiative as a “valued contribution to addressing common challenges and accelerating the transition to a more sustainable and inclusive future.”

 

View original content:https://www.prnewswire.com/news-releases/global-times-75-years-on-china-committed-to-global-common-development-302261718.html

SOURCE Global Times

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