Market Overview:
The global passivation chemicals market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passivation chemicals from the petrochemical industrial, automobile, food and nuclear power plant applications. On the basis of type, nitric acid is expected to account for a major share of the global passivation chemicals market during the forecast period. Nitric acid-based passivation chemistries are used extensively in various industries owing to their excellent corrosion inhibition properties. Citric acid-based chemistries are also expected to witness high demand due to their environmental friendly nature and ability to provide superior corrosion protection over traditional inhibitors such as chromates and phosphates. In terms of application, petrochemical industrial segment is anticipated hold a dominant position in the global Passivation Chemicals Market during 2018 – 2030. This can be attributedto stringent government regulations pertaining emission control from refineries which has led refineries across developed countries shift towards installation of state-of-the art technologies that use less harmful emissions like nitrogen oxides (NOx). Additionally, automotive industry is projectedto register highest CAGR overthe forecast period owing rising demand for automobiles across developing countries including Chinaand India .
Product Definition:
Passivation chemicals are used to clean and protect stainless steel surfaces from corrosion. Passivation significantly reduces the likelihood of staining and corrosion on stainless steel surfaces.
Nitric Acid:
Nitric acid is a chemical compound with the formula (HNO3). It is often represented by the symbol HNO. The nitrate and its anion, NO2+, are key ingredients in this formulation. The anion has a charge of +1 and three lone pairs of electrons around it. Nitric acid can form salts such as sodium nitrate and calcium nitrate when mixed with common salt or table salt; these are known as fertilizers or nitrogen fertilizers, respectively.
Citric Acid:
Citric acid is a weak organic acids having the chemical formula C6H8O7. It is usually derived from citrus fruits and has been used as an important food preservative for more than two centuries.
Application Insights:
The global passivation chemicals market is segmented on the basis of application into petrochemical industrial, automobile, food and nuclear power plant. The automotive application segment was estimated to be the largest in 2017 at USD 1.5 billion owing to rising demand for efficient surface protection chemicals that enhance paint adhesion and corrosion resistance.
They are also used in leather finishing applications as they prevent water penetration into the leather texture which would otherwise cause discoloring or rotary of the product. These types of effects can be remedied by using different types ofpassivating agents such as hindered phenolic resins or alkyl ammonium salts when applied topically onto leather surfaces before coating them with paints or varnishes.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing automobile production and consumption in countries, such as China, India, Japan and South Korea. In addition, rising nuclear power plant construction in countries like China and India are also contributing toward industry growth.
The demand for passivation chemicals in Europe was valued at USD X billion in 2017 owing to high automotive production coupled with growing investments from major companies for manufacturing premium quality vehicles using eco-friendly materials like aluminum & magnesium alloys or biodegradable plastics instead of metals & alloys that consume a large amount of raw material resulting into high pollution levels in major cities across Europe (Umbria et al., 2016).
In North America, increasing demand from end-use industries such as petrochemical has led to an increase purchase volumes by chemical manufacturers which will eventually drive the market over next eight years (Umbria et al., 2016).
Growth Factors:
- Growing demand from the semiconductor and electronics industry for passivation chemicals to improve device performance and reliability.
- Increasing demand for solar photovoltaic cells due to rising awareness about the benefits of renewable energy sources.
- Rising demand from the automotive industry for corrosion protection of metal parts and components.
- Growing use of passivation chemicals in water treatment applications to prevent biofouling and corrosion in water distribution systems 5 Increased use of nanotechnology in various end-use industries, which is expected to drive the growth of the global passivation chemicals market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Passivation Chemicals Market Research Report
By Type
Nitric Acid, Citric Acid, Other
By Application
Petrochemical Industrial, Automobile, Food, Nuclear Power Plant
By Companies
BASF SE, Condoroil Chemical S.r.l., Chemeon Surface Technology, RD Chemical Company, Shrioum Chemicals, KEPCO Inc., Packers Chemical, Inc, Pragochema spol. s r.o., Wuxi Hengda Liquid-Purification Chemical Plant, Delstar Metal Finishing Inc
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Passivation Chemicals Market Report Segments:
The global Passivation Chemicals market is segmented on the basis of:
Types
Nitric Acid, Citric Acid, 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
Petrochemical Industrial, Automobile, Food, Nuclear Power Plant
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:
- BASF SE
- Condoroil Chemical S.r.l.
- Chemeon Surface Technology
- RD Chemical Company
- Shrioum Chemicals
- KEPCO Inc.
- Packers Chemical, Inc
- Pragochema spol. s r.o.
- Wuxi Hengda Liquid-Purification Chemical Plant
- Delstar Metal Finishing Inc
Highlights of The Passivation Chemicals 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
- Citric Acid
- Other
- By Application:
- Petrochemical Industrial
- Automobile
- Food
- Nuclear Power Plant
- 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 Passivation Chemicals 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?
Passivation chemicals are a type of chemical that can protect metal from corrosion.
Some of the major players in the passivation chemicals market are BASF SE, Condoroil Chemical S.r.l., Chemeon Surface Technology, RD Chemical Company, Shrioum Chemicals, KEPCO Inc., Packers Chemical, Inc, Pragochema spol. s r.o., Wuxi Hengda Liquid-Purification Chemical Plant, Delstar Metal Finishing Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passivation Chemicals 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 Passivation Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passivation Chemicals 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 Passivation Chemicals 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 Passivation Chemicals Market Size & Forecast, 2018-2028
4.5.1 Passivation Chemicals Market Size and Y-o-Y Growth
4.5.2 Passivation Chemicals Market Absolute $ Opportunity
Chapter 5 Global Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Type
5.2.1 Nitric Acid
5.2.2 Citric Acid
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Applications
6.2.1 Petrochemical Industrial
6.2.2 Automobile
6.2.3 Food
6.2.4 Nuclear Power Plant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passivation Chemicals 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 Passivation Chemicals 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 Passivation Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Type
9.6.1 Nitric Acid
9.6.2 Citric Acid
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 Passivation Chemicals Market Size Forecast by Applications
9.10.1 Petrochemical Industrial
9.10.2 Automobile
9.10.3 Food
9.10.4 Nuclear Power Plant
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 Passivation Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Type
10.6.1 Nitric Acid
10.6.2 Citric Acid
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 Passivation Chemicals Market Size Forecast by Applications
10.10.1 Petrochemical Industrial
10.10.2 Automobile
10.10.3 Food
10.10.4 Nuclear Power Plant
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 Passivation Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Type
11.6.1 Nitric Acid
11.6.2 Citric Acid
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 Passivation Chemicals Market Size Forecast by Applications
11.10.1 Petrochemical Industrial
11.10.2 Automobile
11.10.3 Food
11.10.4 Nuclear Power Plant
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 Passivation Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Passivation Chemicals 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 Passivation Chemicals Market Size Forecast by Type
12.6.1 Nitric Acid
12.6.2 Citric Acid
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 Passivation Chemicals Market Size Forecast by Applications
12.10.1 Petrochemical Industrial
12.10.2 Automobile
12.10.3 Food
12.10.4 Nuclear Power Plant
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) Passivation Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passivation Chemicals 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) Passivation Chemicals Market Size Forecast by Type
13.6.1 Nitric Acid
13.6.2 Citric Acid
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) Passivation Chemicals Market Size Forecast by Applications
13.10.1 Petrochemical Industrial
13.10.2 Automobile
13.10.3 Food
13.10.4 Nuclear Power Plant
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 Passivation Chemicals Market: Competitive Dashboard
14.2 Global Passivation Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Condoroil Chemical S.r.l.
14.3.3 Chemeon Surface Technology
14.3.4 RD Chemical Company
14.3.5 Shrioum Chemicals
14.3.6 KEPCO Inc.
14.3.7 Packers Chemical, Inc
14.3.8 Pragochema spol. s r.o.
14.3.9 Wuxi Hengda Liquid-Purification Chemical Plant
14.3.10 Delstar Metal Finishing Inc
