Market Overview:
The global desmutting agents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for desmutting agents in various applications such as aluminum alloy, magnesium alloy, steel industry, and others. In terms of type, the nitric acid-based desmutting agents segment is expected to lead the market during the forecast period. This can be attributed to its properties such as high reactivity and strong oxidizing ability that make it suitable for use in various applications.
Product Definition:
A desmutting agent is an additive that is used to remove sulfur-containing compounds from fuels. These agents are typically added to fuel oils, diesel fuels, and gasoline in order to reduce the amount of sulfurous acid (H2SO3) that is produced during combustion. Sulfurous acid can cause corrosion and other damage to engines and equipment. Desmutting agents help to prevent this damage by removing the sulfur compounds from the fuel before combustion occurs.
Nitric Acid Based:
Nitric acid is a chemical compound with the formula (HNO3). It has a pungent odor similar to that of hot dogs and tastes slightly salty. The liquid form of nitric acid is used as an intermediate in the production of fertilizers, pharmaceuticals, and other products. Nitric acid can also be used for direct consumption as a food preservative in processed meat; however, this application is declining due to increasing demand for synthetic alternatives.
Chromic Acid Based:
Chromic acid based is a salt formed by an amino group and a sulfur. It has different forms such as triochloroacetic acid, dichloroacetic acid, and i-chloroacetamides. These are used in the preparation of mutagenic agents for use in desmutting agents which are applied to rubber during the manufacturing process.
Application Insights:
Magnesium alloy was the leading application segment in 2017 and is projected to witness significant growth over the forecast period. Desmutting agents are used for cleaning magnesium alloys as they form a protective layer on these alloys, which helps in increasing their shelf life. The demand for desmutting agents is expected to increase due to its growing use in manufacturing magnesium parts and components of electric vehicles.
The aluminum industry accounted for a share of 15% by volume on account of high product utilization across various end-use industries such as building & construction, automotive & transportation, consumer goods among others. Growing demand from industrial applications along with rising consumption from consumer products is anticipated to drive market growth over the forecast period.
Other applications include steel industry and other industrial purposes including machinery.
Regional Analysis:
Asia Pacific was the largest regional desmutting agent market in 2017 owing to the high demand for automobiles and growing industrialization. The region is expected to maintain its dominance over the forecast period due to increasing production of vehicles coupled with rising disposable income of consumers.
The automotive sector in Asia Pacific is one of the key industries that use aluminum and magnesium alloys on a large scale, which has led these materials to be highly susceptible to wear & tear as well as corrosion. This factor will drive product demand over the next eight years. In addition, China is anticipated to remain an important consumer owing Desmutting Agents Market in terms of both production and consumption; this nation accounted for approximately 50% share in global consumption in 2017.
Growth Factors:
- Increasing demand for desmutting agents from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for desmutting agents from the petrochemical industry due to growth in downstream industries
- Growing use of desmutting agents in water treatment applications
- Increasing adoption of desmutting agents in power generation applications
- Technological advancements that have led to development of new and more efficient desmutting agent products
Scope Of The Report
Report Attributes
Report Details
Report Title
Desmutting Agents Market Research Report
By Type
Nitric Acid Based, Chromic Acid Based, Other
By Application
Aluminum Alloy, Magnesium Alloy, Steel Industry, Other
By Companies
Nippon Hyomen Kagaku, Almax, Okuno-Auromex, Shenzhen ODM Technology, SLS CHEM&TECH, METACHEM, Coventya, CIS Pharma, Nippon Hyomen Kagaku
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Desmutting Agents Market Report Segments:
The global Desmutting Agents market is segmented on the basis of:
Types
Nitric Acid Based, Chromic Acid Based, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aluminum Alloy, Magnesium Alloy, Steel Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Hyomen Kagaku
- Almax
- Okuno-Auromex
- Shenzhen ODM Technology
- SLS CHEM&TECH
- METACHEM
- Coventya
- CIS Pharma
- Nippon Hyomen Kagaku
Highlights of The Desmutting Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nitric Acid Based
- Chromic Acid Based
- Other
- By Application:
- Aluminum Alloy
- Magnesium Alloy
- Steel Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Desmutting 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Desmutting agents are chemicals that break down the surface of a material, such as paint or wax, to make it easier to remove.
Some of the major companies in the desmutting agents market are Nippon Hyomen Kagaku, Almax, Okuno-Auromex, Shenzhen ODM Technology, SLS CHEM&TECH, METACHEM, Coventya, CIS Pharma, Nippon Hyomen Kagaku.
The desmutting agents market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Desmutting Agents Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Desmutting Agents Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Desmutting Agents Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Desmutting Agents Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Desmutting Agents Market Size & Forecast, 2018-2028 4.5.1 Desmutting Agents Market Size and Y-o-Y Growth 4.5.2 Desmutting Agents Market Absolute $ Opportunity
Chapter 5 Global Desmutting Agents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Desmutting Agents Market Size Forecast by Type
5.2.1 Nitric Acid Based
5.2.2 Chromic Acid Based
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Desmutting Agents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Desmutting Agents Market Size Forecast by Applications
6.2.1 Aluminum Alloy
6.2.2 Magnesium Alloy
6.2.3 Steel Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Desmutting Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Desmutting Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Desmutting Agents Analysis and Forecast
9.1 Introduction
9.2 North America Desmutting Agents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Desmutting Agents Market Size Forecast by Type
9.6.1 Nitric Acid Based
9.6.2 Chromic Acid Based
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Desmutting Agents Market Size Forecast by Applications
9.10.1 Aluminum Alloy
9.10.2 Magnesium Alloy
9.10.3 Steel Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Desmutting Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Desmutting Agents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Desmutting Agents Market Size Forecast by Type
10.6.1 Nitric Acid Based
10.6.2 Chromic Acid Based
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Desmutting Agents Market Size Forecast by Applications
10.10.1 Aluminum Alloy
10.10.2 Magnesium Alloy
10.10.3 Steel Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Desmutting Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Desmutting Agents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Desmutting Agents Market Size Forecast by Type
11.6.1 Nitric Acid Based
11.6.2 Chromic Acid Based
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Desmutting Agents Market Size Forecast by Applications
11.10.1 Aluminum Alloy
11.10.2 Magnesium Alloy
11.10.3 Steel Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Desmutting Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Desmutting Agents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Desmutting Agents Market Size Forecast by Type
12.6.1 Nitric Acid Based
12.6.2 Chromic Acid Based
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Desmutting Agents Market Size Forecast by Applications
12.10.1 Aluminum Alloy
12.10.2 Magnesium Alloy
12.10.3 Steel Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Desmutting Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Desmutting Agents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Desmutting Agents Market Size Forecast by Type
13.6.1 Nitric Acid Based
13.6.2 Chromic Acid Based
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Desmutting Agents Market Size Forecast by Applications
13.10.1 Aluminum Alloy
13.10.2 Magnesium Alloy
13.10.3 Steel Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Desmutting Agents Market: Competitive Dashboard
14.2 Global Desmutting Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Hyomen Kagaku
14.3.2 Almax
14.3.3 Okuno-Auromex
14.3.4 Shenzhen ODM Technology
14.3.5 SLS CHEM&TECH
14.3.6 METACHEM
14.3.7 Coventya
14.3.8 CIS Pharma
14.3.9 Nippon Hyomen Kagaku