Anti-Seize Compounds Market Trends

Growth Drivers

• Rapid Industrialization and Urbanization with Increasing Infrastructure Development – The increasing economic standards and spending capacity of people lead to rising investment in industries leading to an increase in the number of industries across the world. The increasing industries rises the demand for anti-seize compounds as they help to prevent damages caused by rusting, galling, corrosion, and friction. The anti-seize compounds lubricate and seal the threads and bolt decreasing the wear and tear disruptions in the machinery and increasing its lifespan. The World Bank Organization data stated that about 56% of the global population which is nearly 4.4 billion people are living in cities and was also projected to increase by twice the size by the end of 2050.

• Growing Need for Water Treatment Plants with Increasing Pollution Worldwide – As of 2022, there are more than 100,000 municipal wastewater treatment plants in 130 countries providing nearly 3 billion population across the world.

• Increasing Construction Sector across the World with Growing Disposable Income – The construction sector uses a huge variety of machinery for transport, mixing of concrete, building, motors, and generators. All these machinery use metal and iron parts which are prone to rusting and are estimated to drive the market growth. More than 4% of the U.S. GDP was obtained from the construction sector with a yearly turnover rate of more than 65% in the year 2020.

• Hike in the Chemical Industries Owing to Increasing Use in Various Industries – The melting and boiling temperatures of various chemicals are different and affect the pipelines, and chambers in the chemical industries. This is estimated to hike the use of anti-seize compounds in the chemical sector. The value of total chemical shipments in the U.S. as of 2021 with the inclusion of all sectors was estimated to be over USD 750 billion.

• Growth of the Aerospace Sector Owing to Increasing Risk of Corrosion and Galling of Titanium Bolts – The nickel-based anti-seize compounds are widely used in the aerospace sector for titanium bolts and fasteners. The export value of the worldwide aerospace sector was projected to reach USD 340 billion by 2026 with an annual rise of 0.2%.

Challenges

• Low Awareness About the Benefits of Compounds in Underdeveloped Nations
• Incidence of the Pandemic Restricted the Supply Chain across the World
• Incomplete Knowledge of Applications Leading to More Damage – The anti-seize compounds are not made for all situations, hence their applications have to be made carefully. The application of anti-seize compounds is limited to the mechanical assembly that needs lubricant, and the application of copper-based anti-seize compounds was found to cause damage to stainless materials. All these factors hamper the market growth during the forecast period.