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Passivating Agents Market

Passivating Agents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2030

Global Passivating Agents Market: Overview

Passivation agents find utilization in removing a certain substance amongst many materials during the process of chemical mechanical polishing (CMP). The global passivating agents market is a rapidly expanding market, thanks to the accelerated rate of manufacturing of stainless steel equipment all over the world. Passivating agent films, inorganic chemical passivates, and organic oils are some of the common types of passivating agents. It is extensively utilized in the process of coil coating in steel industries. These agents make an offering of temporary protection to those machine parts that are made of stainless steel through diminished reaction of the metals. When applied these agents are able to bring down the rate of corrosion on the surface of respective equipment and tools. This factor is estimated to support growth of the global passivating agents market in the forthcoming years.

Type, application, and region are the three important parameters based on which the global passivating agents market has been classified.

Global Passivating Agents market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global passivating agents market is mentioned as below:

  • In December 2016, One of the most prominent producers of chemicals, BASF SE, successfully acquired Chemetall. The latter is the global surface treatment business of American specialty chemical makers, Albemarle Corporation. With this acquisition, the coating division of BASF is expected to expand its product portfolio and emerge as a better provider of complete solutions.

Some of the prominent organizations in the global passivating agents market comprise the below-mentioned:

  • Xi’an Wonder Energy Chemical Co., Ltd
  • Sartorelli Depurazione S.r.l.
  • Bunge Amorphic Solutions, LLC.
  • Delstar Metal Finishing, Inc.
  • Condoroil Chemical S.r.l.
  • Chemetall GmbH

Global Passivating Agents market: Key Trends

The global passivating agents market is characterized by the presence of the following restraints, drivers, and opportunities.

Cost Effectiveness and Offering of Better Corrosion Resistance to Shoot Up Demand in the Market

The process of passivation is expected to better corrosion resistance of various metal surfaces, such as stainless steel, aluminum, magnesium, and titanium. It is particularly used in enhancing the corrosion resistance attributes of steel and steel is applied , at times, with the pre-treatment of top coats, such as powdered coats or e-coat. This makes an offering of various additional benefits, such as higher production and diminished operation cost in comparison with other conventional methods, such as electrical continuity, plasma-electrolytic oxidation systems, and various others. These factors are estimated to support growth of the global passivating agents market over the period of assessment, from 2020 to 2030.

Although stainless steel comes with the natural ability to fight corrosion but with the use of passivating agents on its surface, the corrosion resistance ability of stainless steel increases manifold and that too in a very cost effective way. The growth of the global passivating agents market is expected to be influenced by the growing prominence of fields where many equipment or components are exposed to various types of inflammable liquids.

Global Passivating Agents market: Geographical Analysis

Based on geography, Asia Pacific is expected to emerge as a dominant regional force in the global passivating agents market. Such territorial prominence of the region is ascribed to the presence of several oil refineries in the region. India has one of the largest oil refineries and the country is expected to offer highly lucrative growth options for the global passivating agents market in the years to come.

Passivating Agents Market

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