Analysis of Anti-Seize Compounds market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global anti-seize compounds market has witnessed steady growth at a CAGR of 3.5% over the past half-decade. However due to the ongoing outbreak of COVID-19, the market has generated a sharp decline in demand for fiscal year 2020. Post this timeframe, with the resurrection in global demand, the anti-seize compounds market is forecast to witness an upswing at a CAGR of 4% during the forecast period (2020-2030).
This upswing is attributed to the growth in allied industries such as automobile industries, especially among OEM manufacturers where usage of parts covered with anti-seize compounds are used. Anti-seize compounds assist in the preventing seizing and galling of mechanical joints. Moreover, anti-seize compounds are used to improve installation, dismantling and prevent corrosion thus aiding growth within the anti-seize compounds market.
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Copper and aluminum based anti-seize compound grades are most commonly used in the industry. Together, they account for around 40% of the global anti-seize compounds market share in 2020. High utilization of copper and aluminum based materials in the automotive sector has augmented its market share.
At the same time, graphite has emerged as a lucrative compound, attributed to increasing demand for high temperature resistance and electrical conductivity properties in the electronics and electrical industry.
However, the automotive sector has contracted owing to the adverse effects of the COVID-19 pandemic which in turn has generated shortfalls in the sales of anti-seize compounds. Owing to this, a U-shaped recovery curve has been predicted for the anti-seize compounds market throughout the forecast period.
Anti-Seize Compounds have been widely utilized in the automotive & transportation and petrochemicals sectors, which together account for more than quarter of the global anti-seize market. Anti-seize Compounds are consumed in significant amounts in these industries due to their ability to enhance the lifespans of mechanical parts.
Moreover, the anti-seize compounds used in the industry are copper formulations where the temperatures are generally 1750oF. For instance, the petrochemical industry encounters huge temperatures in distillation columns and a huge temperature difference which tends to lower the life of the distillation column.
Thus, anti-seize compounds play an essential role in situations where equipment life is a top priority. The aforementioned factors are set to boost the demand of anti-seize compounds market in the long-term.
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East Asia accounted for the largest market share in 2020. The Anti-Seize Compounds market was the fastest growing in East Asia during the historical period. This is attributed to the increasing consumption of Anti-Seize Compounds in Automotive and transportation application.
This trend is anticipated to continue throughout the forecast period. Currently, East Asia accounts for more than one fourth of the anti-seize compounds demand. Consumption of anti-seize compounds is mainly backed by increasing demand from OEM manufacturers.
Followed by East Asia, North America is growing at around 4% CAGR in the historical period owing to the rise in the automotive production in the region. However, the COVID-19 pandemic has contracted demand, thus affecting the production of anti-seize compounds.
This trend is anticipated to continue for more than 15 months. By the 4th quarter of 2021, the market is set to recover at its own pace. The market will gain momentum once the manufacturing in the automotive and petrochemical industries operate at maximum capacity.
The global anti-seize compounds market is fairly fragmented in nature. Henkel AG & Company, KGaA, DuPont, Bostik, FUCHS, Calumet Specialty Products Partners, 3M, CSW Industrials, Inc. are among the Tier 1 players. Together, they are anticipated to account for more than 60% of the global market share in 2020.
The key manufacturers are involved in material research, manufacturing technological automation, and productivity enhancement. Prominent manufacturers have also showcased their inorganic strategies. For instance, In August 2017, Fuchs acquired VDV Lubricants n.v., a specialist in glass lubricant technology, in efforts to strengthen the global footprint of its lubricants’ business across the regions.
“Increased cognizance on benefits, selection and correct use of anti-seize compounds is set to bolster the demand from the oil & gas and automotive industry. However, the COVID-19 pandemic is anticipated to stall market growth across the short-term forecast.”
The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand. The same is true for the anti-seize compounds market. One of the prominent end uses of anti-seize compounds is in oil & gas industry.
The ongoing pandemic has led to a decline in all industrial activities, in the wake of disrupted supply chains. Extended lockdowns in different countries have nullified the production of anti-seize compounds for the past month, as key manufacturing units and factories are shut.
Even after the lockdown is lifted, it will take at least a couple of months to restore production to normal. Thus, contracting demand from allied industries in second quarter of 2020 will have prolonged effects on the global anti-seize compounds market.
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Fact.MR published an exclusive forecast report for anti-seize compounds market between 2020 and 2030. The foremost objective of this report on anti-seize compounds market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the anti-seize compounds market. Also, the study on anti-seize compounds market addresses key dynamics, which are expected to diversify the sales and future prominence of anti-seize compounds market.
The report on anti-seize compounds market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of anti-seize compounds market elaborating on the key segments. Also, the report outlines visionary insights on dynamics anti-seize compounds market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for anti-seize compounds.
Supply chain analysis and pricing analysis of anti-seize compounds market along with the difference between anti-seize compounds used as per applications have also been included in the report to help the readers clearly understand the product framework map in anti-seize compounds market.
Fact.MR has studied the Anti-seize compounds market with detailed segmentation on the basis of grade, sales channel, container type and end-user and key regions.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
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The global anti-seize compounds market expects to grow steadily at a CAGR of 3.5%.
Copper and aluminum-based anti-seize compound grades are most commonly used in the industry.
Automotive & transportation and petrochemicals sectors widely use the anti-seize compounds accounting for over one-fourth market share.
East Asia region is accounted to hold the largest market share
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