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Anti-Corrosive Agents Market

Anti-Corrosive Agents Market

Anti-Corrosive Agents Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Anti-Corrosive Agents Market
FACT1805MR

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 molds, 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 molds. 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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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.

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.

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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.

An Adaptive Approach to Modern-day Research Needs

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

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

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