According to Future Market Insights (FMI), the global anti-seize compounds market registered a year-on-year (YoY) growth of 4.1% in 2021. Demand in the anti-seize compounds market is projected to grow at 4.1% CAGR between 2022 and 2029. Future Market Insights forecast the market value to top USD 179.0 Million in 2022.
| Attribute | Details |
|---|---|
| Anti-seize Compounds Value (2021A) | USD 171.9 Million |
| Anti-seize Compounds Value (2022E) | USD 179.0 Million |
| Anti-seize Compounds Value (2029F) | USD 236.4 Million |
| Value CAGR (2022 to 2029) | 4.1% |
| Collective Value Share: Top 3 Countries (2021A) | 45.9% |
Growing government investments for infrastructural developments along with increasing construction spending across the globe will continue pushing sales in the anti-seize compounds market. Considering this, FMI has forecast the global anti-seize compounds sales to reach a valuation of USD 236.4 Million in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.0% |
| H1,2022 Projected (P) | 4.1% |
| H1,2022 Outlook (O) | 4.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 10 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 20 ↑ |
A half-yearly comparison of the growth forecast for the market of anti-seize compounds has been presented by Future Market Insights. Growth in the construction sector, automotive and transportation, marine, and mining industry are expected to fuel the demand for anti-seize compounds.
Urbanization and industrialization, and rising government investments for infrastructural developments are some other prominent factors driving anti-seize compounds market growth.
The global market for anti-seize compounds in H1 2021 has witnessed growth at the magnitude of 4.0%. The growth of the market remains moderate across various regions with Europe and Latin America region witnessing a stagnant growth outlook.
India, China, and some ASEAN countries are estimated to witness a significant growth rate owing to rising demand from the end-use industries, providing the growth outlook of 4.2% over the first half of 2022. However, China is expected to remain a key producer of anti-seize compounds across the globe.
Significant rise in mining activities and unprecedented spurring production in the upstream oil and gas sector to augment the growth of the anti-seize compounds market.
Moreover, a higher growth outlook in the end-use industries including construction, automotive, and marine had slightly benefited the consumption rate of 10 bps of anti-seize compounds in H1 2022 as compared to earlier projections.
Key developments in the petrochemical sector along with food, power, marine, and other industries are further expected to boost the market growth.
Sales of anti-seize compounds increased at a 3.7% CAGR, between 2014 and 2021, with countries such as the USA, China, Japan, India, and Germany accounting for a substantial portion of the global market.
Sales prospects in 2020 and 2021 were dampened due to the outbreak of COVID-19 pandemic, which reduced the demand for anti-seize compounds from several end-use industries such as, automotive transportation, construction equipment, marine, and mining equipment.
Increasing urbanization and rapid industrialization is creating a massive demand for construction, which is expected to contribute to the rising demand for anti-seize compounds. Also, extreme temperature conditions in oil & gas exploration necessitate usage of anti-seize compounds.
The residential construction industry is recovering, which is also expected to bode well for the global anti-seize compounds market in the forthcoming years. As a result, the anti-seize compounds market is projected to grow by value, at a 4.1% CAGR during the forecast period of 2022 to 2029.
Anti-seize compounds are used in automotive and transportation sector for several end uses such as battery poles and connections, springs, suspensions, exhaust fittings and seals, screw connection in chassis and body, spark plugs, brake cams and pins, driving wheels and chains. Automotive segment includes LCV, heavy trucks and other automobiles.
The automotive industry has been a key end-use industry for anti-seize compounds. Increase in automotive production and growing automotive fleet size are increasing the demand for vehicle lubricants, which is a positive sign for the market growth.
As the automotive and transportation sector grows, the need for these compounds will grow tremendously. This is expected to provide an impetus to the demand for anti-seize compounds and will urge manufacturers to boost their production and supply for the material.
As per FMI, China is projected to account for nearly 16.6% of the global market share, creating an incremental opportunity of above USD 11.6 Million in 2029. Substantial presence of the end use industries in the country to bolster the consumption rate over the coming years.
China is expected to remain a key producer of anti-seize compounds across the globe. Noteworthy mining activities, unprecedented spurring production in upstream oil and gas sector and the private construction investments, puts the material in high demand in the coming years. All these factors are expected to augment the growth of the anti-seize compounds market in China.
The US. is projected to account for approximately 89.8% of the North America anti-seize compounds market in 2029. In 2022, the market is expected to grow by 4.3% year-on-year, reaching a valuation of USD 39.9 Million by the end of 2022.
The USA has been one of the key manufacturing hub for automobiles and a high ranking crude oil explorer. Shale gas has bolstered industrial growth in the country which is expected to drive the anti-seize compound sales in the forecast period.
Moreover, the region has technological advantages and is an attractive location for manufacturers, which will further fuel the growth in the anti-seize compounds market.
India is projected to account for 57.6% of the South Asia anti-seize compounds market share in 2029. With an increasing population and rapid industrialization, infrastructure will be on a rise over the forecast period.
The Indian market for anti-seize compounds will especially capitalize on growing sales of automotive and increasing investment in construction industry in foreseeable future.
Alongside this, profit bearing growth strategies and product innovations by several key players are expected to propel sales of anti-seize compounds over the assessment period. Moreover development of petrochemical sector along with food, power, marine and other industries are also expected to enhance the demand for anti-seize compounds in the coming years.
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Sales of non-metallic grade anti-seize compounds are expected to grow at a significant value of 5.1% CAGR, over the forecast period of 2022 to 2029.
Increasing awareness of the need for protection of environment and soil contamination by metallic anti-seize compounds on a global scale is restricting their use and giving an edge to non-metallic grade anti-seizing compounds sales.
Moreover, users are preferring non-metallic anti-seize compounds over metallic owing to their cost. Innovations in the production of anti-seize compounds and introduction of new technologies are expected to create new opportunities in the foreseeable future.
Owing to these factors, sales of non-metallic grade anti-seize compounds are projected to increase over the forecast period.
Amongst the various end-use industries, mining segment is projected to create an absolute dollar opportunity of more than USD 7.8 Million during the period of 2022 to 2029, and is further estimated to account for close to one-ninth share in the global anti-seize compounds market.
Anti-seize compounds are used in various mining equipment such as drilling equipment, drag chains, bolts for intermediate gears, slides and guiding rails, drilling equipment fans, and for drawing machines.
As the mining industry prospers, the need for these compounds will grow and the production will witness a hike. This will continue providing tailwinds to anti-seize compounds sales over the assessment period.
The cans container type segment is projected to account for more than 34.4% of the total market share by 2029. The sales are anticipated to experience a year over year rate of 3.9% in 2022.
Anti-seize compounds such as pastes, greases, and coatings are often sold to consumers in can shaped containers. This is because these cans make application extremely easy and convenient.
These container types make possible the application of thin even layers. These unavoidable benefits of cans as a container type is expected to stimulate the sales of anti-seize compounds in the upcoming years.
Leading players operating in the anti-seize compounds market are focusing on innovative product launches and operational efficiency. Apart from this, players are focusing on strategic acquisitions as well as divestitures to serve more end users in the domestic market, in order to gain a competitive edge. For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, UK, France, Spain, Nordic, Russia, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, Turkey, and South Africa |
| Key Segments Covered | Grade, Sales Channel, Container Type, End-use Industry and Region |
| Key Companies Profiled | FUCHS; Chevron Corporation; Calumet Specialty Products Partners - Bel-Ray; DuPont - Molykote; 3M Company; Henkel AG; CSW Industrials, Inc.; CRC Industries; Anti-Seize Technology; Permatex Inc.; Saf-T-Lok International Corporation; Bostik Inc. |
| Report Coverage | Market Forecast, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The anti-seize compounds market reached a valuation of USD 171.9 Million in 2021.
The anti-seize compounds market experienced moderate growth, exhibiting a 3.7% CAGR between 2014 and 2021.
Preference to non-metallic anti-seize compounds over metallic, and players entering new regions to strengthen foothold are key trends in anti-seize compounds market.
China anti-seize compounds market is projected to grow at an impressive 5.1% CAGR during the forecast period.
Anti-seize compounds market in North America is anticipated to hold a global market share of 25.1% by 2029 end.
| Estimated Market Size (2024E) | USD 26,025.8 million |
|---|---|
| Projected Market Value (2034F) | USD 41,528.6 million |
| Value-based CAGR (2024 to 2034) | 4.8% |
| Market Value (2022E) | USD 179.0 Million |
|---|---|
| Market Value (2029F) | USD 236.4 Million |
| Value CAGR (2022 to 2029) | 4.1% |
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