Industry Outlook and Trend Analysis
The Rust Remover Market was worth USD 0.41 billion in 2014 and is expected to reach approximately USD 0.61 billion by 2023, while registering itself at a compound annual growth rate CAGR of 4.47% during the forecast period.
Rust removers are chemical primers or solutions that can be applied specifically to an iron or iron alloy surface to turn iron oxides rust into a defensive chemical barrier. These chemicals associate with iron oxides, particularly iron III oxide, changing them into an adherent black layer that is more impervious to moisture and shields the surface from erosion. Rust remover is commonly applied to objects which are hard to sand impact, for example, fences, iron railings, vehicles, trailers, sheet metal, and the outside of storage tanks. It can also be used to re-establish and safeguard press based things of verifiable significance.
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Product Outlook and Trend Analysis
The global rust remover market is segmented By Product type into Neutral Rust Removers, Acid Rust Removers and Alkaline Rust Removers. Acid Rust Removers is the leading segment with an estimated market share of over 60% throughout the forecast period. Neutral Rust Removers segment is anticipated to encounter substantial development over the estimate time frame.
End User Outlook and Trend Analysis
The global rust remover market is segmented on the basis of end use industry into Aviation and Aerospace, Automotive, Oil and Gas/Petrochemical, Marine, Construction and Infrastructure, Metal Machining, and Others. Construction and Infrastructure is the dominating segment on the basis of value, foreseen to develop significantly. Oil and Gas/Petrochemical is expected to remain a lucrative segment over the forecast period.
Regional Outlook and Trend Analysis
APEJ is the leading regional market and is foreseen to continue domination over the forecast period. Development in the oil and gas sector in North America is foreseen to create major opportunities across the region. MEA is anticipated to remain a lucrative region over the forecast period due to rising investments in the automotive and oil and gas industry in the region.
The leading players in the market are Sherwin-Williams, Chempace Corporation, Fuchs Petrolub, PPG, American Building Restoration Products, Henkel, Corrosion Technologies LLC, Harris International Laboratories Inc, AkzoNobel and Quaker Chemical Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Rust Removers Market is segmented as follows-
By Product Type:
Neutral Rust Removers
Acid Rust Removers
Alkaline Rust Removers
By End User:
Aviation and Aerospace
Oil and Gas/Petrochemical
Construction and Infrastructure
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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