Anti-Corrosive Agents Market to Portray Rapid Growth Owing to Its High Demand in Variety of Applications : States Fact.MR

Business Industry Insights

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.

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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.

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.

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.

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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