Passivating Agents Market to Record an Exponential CAGR by 2025

Passivating Agents Market: Introduction
Passivating agents market is one of the growing markets, with the increasing manufacturing of equipment made of stainless steel across the globe. The common types of passivating agents, for the chemical treatment of stainless steel in order to offer corrosion resistance, are available as organic oils, inorganic chemical passivates and passivating agent films. It is widely used for the coil coating process in steel industries. The passivating agents offer temporary protection to components and parts machined of stainless steel by reducing the reaction of the metals. The passivating agents when applied, slowdown the corrosion rate on the surface of the respective tools and equipment.

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The passivation process is meant to enhance the corrosion resistance of the metal surfaces such as titanium, magnesium, aluminium and stainless steel in particular, which is sometimes applied with the pre-treatment of top coats such as e-coat or powdered coat. This offers additional benefits including, reduced cost of operation and higher production than other traditional methods such as plasma-electrolytic oxidation systems, electrical continuity and so on.
Thus, it is expected that the passivating agents market will witness substantial growth over the substitute treatments during the forecast period, for its cost effective solution and long lasting corrosion free efficacy on the metal parts surface.
Passivating Agents Market: Drivers and Restraints
Although stainless steel has natural characteristics to resist corrosion, the application of passivating agents aids in increasing its efficiency in a very cost effective manner. The demand for passivating agents is increasing in the areas where the metal parts are fabricated by machining or cold forming, which lead to degradation of the components’ surface areas if basic precautions are not taken. Also, the passivating agents market is driven by the fields where the components or equipment come in contact with inflammable liquids. Thus, with the rising construction of huge refineries, it is expected that the passivating agents market will remain prevalent over the forecast period.
However, use of passivating agents containing chrome VI chemicals is expected to gain only trivial opportunities in the passivating agents market as its application is banned for the electrical and electronic consumer goods, passenger cars or commercial vehicles weighing less than 3.5 tonnes. Based on RoHS Directive 2002/53/EC, the Electrical and Electronic Equipment Act and based on ELV Directive 2000/53/EC, End-of-Life Vehicles Act, Germany, the exceptions and relevant regulations are laid down to standardize the use of passivating agents. Similarly, concerning labour safety in the steel processing and steel making industries, the environment regulatory bodies have prohibited the discharge of chromium above 5 µg/L.
Passivating Agents Market: Segmentation
Passivating agents market can be segmented based on the product type as:
• Nitric Acid
• Citric Acid
• Chromate
• Red Lead
• Calcium Plumbate
Passivating agents market can be segmented based on the application as:
• Petrochemical Industry
• Refinery Industry
• Automobile Industries
• Hydrogen Plants
• Sea Water Applications
• Nuclear Plants
Passivating Agents Market: Region Wise Outlook
Based on geography, passivating agents market is expected to remain predominant in the Asia Pacific, as a majority of oil refineries are situated in this region. India, hosting one of the largest oil refineries in the world is expected to create robust opportunities for passivating agents market over the forecast period, followed by South Korea and Venezuela. China, being one of the significant producers of chemicals, is expected to witness noteworthy growth of passivating agents market over the forecast period. The European nations are expected to witness sturdy growth in the passivating agents market for its substantial growth in automotive sector. Also, the U.S. nations and the Middle East countries are expected to hold significant opportunities for developments in the field of petrochemical refineries throughout the forecast period.

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Passivating Agents Market: Market Participants
Examples of some of the market participants in passivating agents market are listed below:
• CONDOROIL CHEMICAL S.r.l.
• RME MIDDLE EAST FZCO
• Delstar Metal Finishing, Inc.
• Pragochema spol. s r.o.
• Greensolv inc.
• Chemetall GmbH
• Sartorelli Depurazione S.r.l.
• Avesta Finishing Chemicals
• Bunge Amorphic Solutions, LLC.
• Xi’an Wonder Energy Chemical Co., Ltd
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. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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