Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 201.58 million | USD 360.98 million | 7.55% | 2022 |
Worldwide Anti-seize compounds market size, which was estimated at approximately USD 201.58 Million in 2022 and is predicted to accrue earnings worth nearly USD 360.98 Million by 2030, is set to record a CAGR of nearly 7.55% over 2023-2030.
Anti-seize compounds are made to protect metal parts from corrosion, rust, galling, seizing, and metal-to-metal contact. Also, they are well suited for various purposes under static and dynamic boundary conditions arising due to the combination of low speed and high pressure.
The automotive and transportation sectors are proliferating rapidly all around the world and are the immediate customer of anti-seize compounds. Therefore, it is likely to steer the growth of the global anti-seize compounds market exponentially over the forecasted period. Manufacturers are concentrating on exploring the growth prospects in the construction and mining sectors also, where these compounds are highly adopted in hydraulic cylinders and mine drilling machines. In addition, the upswing can also be attributed to the OEM manufacturers, where anti-seize compounds are highly used to improve dismantling and installation, thereby accelerating the growth of the market manifolds. The dispersal of heavy metals like lead, nickel, and zinc into the environment has emerged as a key concern among several sectors.
Therefore, non-metallic anti-seize compounds are adopted over metallic counterparts all around the world. Also, the high cost of metals is compelling anti-seize compound manufacturers to focus on lowering the metal content in their formulations, thereby making it an ideal solution for the environment. The combination of graphite particles and fine metal offers unique protection at elevated temperatures, corrosive environments, and high pressure. All these aforementioned factors will augment the growth of the global anti-seize compounds market manifolds.
Report Attributes | Report Details |
---|---|
Report Name | Anti-seize Compounds Market |
Market Size in 2022 | USD 201.58 Million |
Market Forecast in 2030 | USD 360.98 Million |
Growth Rate | CAGR of 7.55% |
Number of Pages | 206 |
Key Companies Covered | ROCOL (ITW), Xinyu Chemical, Molytech Lubes Private Ltd., Whitmore (CSW Industrials), CRC NZ, Metalub, Micro Metals Compounds, Anti-Seize Technology, SAF-T-LOK International Corporation, United Oil Products, 3M, Bel-Ray Company, and Henkel AG. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global anti-seize compounds market can be segmented into end-user, container, sales channel, grid, and region.
By end-user, the market can be segmented into textile, equipment, petrochemicals, steel foundry, oil exploration, equipment, power generation, food processing equipment, aircraft, construction & mining equipment, automotive, and others. The construction & mining equipment segment accounts for the largest share in the global anti-seize compounds market due to the growing demand for anti-seize compounds from end-users. Also, the high investments in the construction and mining sector are likely to further push the market growth in the near future. Furthermore, the petrochemical sector is likely to significantly fuel the growth rate over the forecasted period due to the temperature resistance properties of the anti-seize compounds.
By container, the market can be segmented into drums, cartridges, cans, and others.
By sales channel, the market can be segmented into online and offline.
By grade, the market can be segmented into non-metallic, nuclear, regular, copper, marine, food, nickel, silver, aluminum, and special purpose anti-seize grades. The non-metallic anti-seize compounds are likely to spur over the forecasted period due to the growing regulations from the government over discharging metallic compounds into the environment. The copper and aluminum-based anti-seize compound grades are widely used in several end-user sectors globally. The high utilization of aluminum and copper-based anti-seize compounds in the automotive sector has significantly scaled up their consumption in the global anti-seize compounds market. However, graphite is likely to emerge as the most lucrative segment due to the growing demand for materials possessing electrical conductivity properties and is highly temperature resistant, particularly in the electronics and electrical sectors. These anti-seize compounds are considered an ideal fit for extreme pressure, superior lubricants to the manufacturer to protect metal parts from seizure, erosion, rust, and others.
By end-user
By container
By sales channel
By grade
Asia Pacific accounts for the largest share in the global anti-seize compounds market due to the ongoing demand for such materials from the mining and construction sector in growing economies like China and India. Also, the growing construction activities and initiatives from the government to focus on renovating public infrastructure are likely to further augment the demand for anti-seize compounds in the region. There is a significant spike in the foreign direct investments in the region in the real estate sector. The availability of cheap labor and abundant raw material are further likely to attract large-scale investments in the region from the anti-seize compound manufacturers.
North America is expected to register a significant growth rate over the forecasted period due to the presence of prominent market leaders in the region. Also, the surging investments from the government to support the growth of the several end-user sectors like marine, aircraft, and oil & power in petrochemical sectors in the region will complement the growth. The high demand for advanced automotives in the region is likely to create several growth opportunities in the region over the forecasted period.
Global Anti-seize Compounds Market: Competitive Players
Some of the significant players in the global anti-seize compounds market are
What Reports Provides
FrequentlyAsked Questions
The automotive and transportation sectors are proliferating rapidly all around the world and are the immediate customer of anti-seize compounds. Therefore, it is likely to steer the growth of the global anti-seize compounds market exponentially over the forecasted period.
Some of the significant players in the global anti-seize compounds market are ROCOL (ITW), Xinyu Chemical, Molytech Lubes Private Ltd., Whitmore (CSW Industrials), CRC NZ, Metalub, Micro Metals Compounds, Anti-Seize Technology, SAF-T-LOK International Corporation, United Oil Products, 3M, Bel-Ray Company, and Henkel AG.
Asia Pacific accounts for the largest share in the global anti-seize compounds market due to the ongoing demand for such materials from the mining and construction sector in growing economies like China and India. Also, the growing construction activities and initiatives from the government to focus on renovating public infrastructure are likely to further augment the demand for anti-seize compounds in the region.
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