The Global Anti Corrosion Agents Market size is expected to grow from USD 1.5 billion in 2021 to over USD 2.2 billion by 2028, at a CAGR of 3.8% during the forecast period (2021-2028). This growth can be attributed to the increasing demand for anti-corrosion products in various industries such as petrochemical, power plant, steel industry, and chemical among others. The Asia Pacific region is expected to show strong growth during the forecast period owing to the rapid industrialization and economic development taking place in this region.
Anti Corrosion Agents are substances used to protect metals from corroding. They are used for many purposes and applications like preventing rust from forming on buildings (like with galvanizing), protecting steel structures from water seepage through rebar cages, coating metals to prevent them from being corroded by acidic environments such as saltwater, concrete walls coated with epoxy resin to provide protection against sulfate attacks in coastal areas and much more uses.
On the basis of Types, the market is segmented into Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents.
Inorganic anti-corrosion agents are chemical compounds that have a high degree of solubility in water. In other words, they dissolve easily and form colloidal solutions with dissolved substances such as salts, acids, or alkalis. It is classified as an ionic compound based on its ability to release ions when placed into a solution.
Organic Anti Corrosion Agents can be defined as organic compounds which are used to protect metal surfaces from corrosion. Organic anti-corrosion agents offer a number of benefits over inorganic ones, including ease of application, enhanced chemical resistance, and the ability to generate hydrocarbons during dry weather periods when water is not available for maintaining protective coatings on surface areas such as pipelines and tank roofs.
Polymer Anti Corrosion Agents are those that contain at least one polymer in their composition. Polymers reduce the occurrence of corrosion damage by forming a protective layer on metal surfaces and acting as an insulator against electrochemical reactions, thus preventing further dissolution of metals under high-grade conditions.
On the basis of Application, the market is segmented into Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, and Others.
Anti Corrosion Agents are used in the Petrochemical Industry to inhibit corrosion and scale formation. The chemical prevents metal from reacting with substances such as water or air, thereby maintaining its resistance to wear and tear and prolonging its life span significantly.
Anti-corrosion agents are used in power plants primarily to protect stainless steel surfaces. They work by forming a protective layer over any surface that is exposed to corrosive substances, including water and steam. The most common type of anti-corrosion agent for this purpose is an alkaline solution (typically sodium hydroxide). These solutions tend not to attack metallic structures when they form as the protective layer because of their basic nature.
Anti-corrosion agents are used in the steel industry to prevent rust from forming on steel. These chemicals react with air and moisture, which can cause them to form corrosive compounds that eat through metal surfaces of buildings and ships.
The uses of Anti Corrosion Agents in Chemical are as follows-
The main use of anti-corrosion agents in automobiles is to protect the vehicle from rusting. Anti-corrosion agents prevent metal surfaces from being oxidized and under direct contact with water, soil, or sea salt. These corrosive elements can cause serious damage that could be costly to repair if not caught in time. For example, an acidic environment like a battery might corrode quickly due to its highly porous nature which makes it more susceptible than other areas on a car’s exterior surface for instance. This type of corrosion often leaves behind ugly spots that are difficult to remove without damaging the paint job further or even scratches on the windows too.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific market is expected to witness the highest CAGR during the forecast period. The market in Asia-Pacific is chiefly driven by China, with a share of around 40%. The growth trend will remain consistent owing to factors such as increasing demand for corrosion protection products due to rising industrialization and improved maintenance practices among other reasons.
The key driving factors for the growth of this market are the increasing demand for corrosion protection in the petrochemical industry, chemical, and automotive industries. Increasing industrialization is leading to an increase in the production of chemicals that are corrosive when mixed with water or air. This leads to an increased need for anti-corrosion agents such as organic acids, metals like zinc chloride, metal salts like aluminum sulfate, and others.
Increasing application of polymer products will also boost growth prospects because they have better properties than other materials including resistance against moisture absorption and low-temperature performance.
Up Market Research published a new report titled “Anti Corrosion Agents Market research report which is segmented by Types (Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents), By Applications (Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others), By Players/Companies BYK (ALTANA), Evonik, Air Products, Sartomer (Arkema), BASF, Eastman, Elementis, Worlée-Chemie, 3M, Huntsman, DowDuPont, Momentive, HD MicroSystems, Akzo Nobel, OM Group, Allnex, SEM, Nippon, Yangzhou Lida Resin, Capatue Chemical, Solvay, Shin-Etsu Chemical, PPG, Hexpol Compounding, Henkel, Ashland”.
Report Attributes | Report Details |
Report Title | Anti Corrosion Agents Market Research Report |
By Type | Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents |
By Application | Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others |
By Companies | BYK (ALTANA), Evonik, Air Products, Sartomer (Arkema), BASF, Eastman, Elementis, Worlée-Chemie, 3M, Huntsman, DowDuPont, Momentive, HD MicroSystems, Akzo Nobel, OM Group, Allnex, SEM, Nippon, Yangzhou Lida Resin, Capatue Chemical, Solvay, Shin-Etsu Chemical, PPG, Hexpol Compounding, Henkel, Ashland |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 246 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Inorganic Anti Corrosion Agents, Organic Anti Corrosion Agents, Polymer Anti Corrosion Agents and By Application Petrochemical Industry, Power Plant, Steel Industry, Chemical, Automobile, Others.
Some of the companies that are profiled in this report are:
Anti Corrosion Agents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Anti Corrosion Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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