Global Anti-Seize Compounds Market Overview
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.
Global Anti-Seize Compounds Market Grade Insights
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.
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Global Anti-Seize Compounds Market End-Use Insights
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.
Global Anti-Seize Compounds Market Regional Insights
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.
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Global Anti-Seize Compounds Market Manufacturers: Key Strategies
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.”
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COVID-19 Impact Insights
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.
About the Report
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.
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Anti-Seize compounds Market Segmentation
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.
- 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
- Automotive & Transportation
- Construction Equipment
- Mining Equipment
- Food Processing Equipment
- Valve Assembly
- Power Generation
- Oil Exploration Equipment
- Steel Foundry
- Textile Equipment
- Auxiliary Equipment
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“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.”
Anti-Seize Compounds Market- Scope of the Report
The recent study by Fact.MR on anti-seize compounds market offers a 10-year forecast between 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of anti-seize compounds market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of anti-seize compounds. The study also provides dynamics that are responsible for influencing the future status of the anti-seize compounds market over the forecast period.
A detailed assessment of anti-seize compounds value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the anti-seize compounds market along with their product portfolio enhances the reliability of this comprehensive research study.
Anti-Seize compounds Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in anti-seize compounds market across the globe.
A comprehensive estimate on anti-seize compounds market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of anti-seize compounds during the forecast period. Price point comparison by region with global average price is also considered in the study.
Anti-seize compounds Market: Analysis on Market Size Evaluation
Anti-seize compounds market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for Anti-seize compounds is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent Anti-seize compounds market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global Anti-seize compounds market.
Anti-seize compounds Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the Anti-seize compounds report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of Anti-seize compounds market during the forecast period.
Country-specific valuation on demand for Anti-seize compounds has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Anti-seize compounds Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of Anti-seize compounds along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the Anti-seize compounds, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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