Passivation Chemicals Market Segmented By Nitric Acid and Citric Acid Type having application such as Refinery Industry, Automobile Industries, Food Industry, Petrochemical Industry, Nuclear Plants
Industry: Consumer Goods
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Report Type: Ongoing
Report ID: PMRREP32274
Passivation is the process of coating or treating metals for reducing chemical reactivity of outer surface of metals with atmosphere and prevent surface from rust formation, for this various chemicals are used. Chemical Passivation is the two-step process, in first step free iron molecules are removed from the outer surface of metal. Various acid are used for this process. In second step oxidation is done which create homogeneous protective oxide layer.
Nitric acid, citric acid, phosphoric acid are commonly used passivation chemicals, as this acid can easily dissolved iron molecules. Mostly passivation process is use for stainless steel.
Nitric acid is majorly use as a Passivation Chemicals in stainless steel passivation, as nitric acid is strong acid which dissolve all iron molecules present on outer surface and also oxidized chromium to form chromium oxide which act as a protective coat over stainless steel surface. Sometimes Citric acid and dichromate are also use instant of nitric acid.
The Passivation Chemicals offer temporary protection to parts or component of machine made up of stainless steel from corrosion. Therefore some companies used passivation process for equipment per year or used frequently. Apart from stainless steel passivation process is also use for titanium, magnesium and aluminum. Passivated process equipment is mostly used in petroleum refinery, petrochemical industry, food industry, automotive industry, etc.
Passivation Chemicals process offer advantages over several traditional process such as electrical continuity, plasma-electrolytic oxidation systems as it is a cost effective process.
Driver- Passivation Chemicals market is mainly driven by growing petroleum refinery and petrochemical industry where equipment come in contact with the various flammable chemical, which cause corrosion and damage the equipment thus rise in construction of refineries driving the Passivation Chemicals market.
Another driver is automation industry, various automotive parts are made up of stainless steel in vehicles such as cars, trucks, etc. This vehicles parts may subject to corrosion as it expose to atmosphere which cause corrosion that minimize lifespan of vehicle, therefore automotive parts are subjected to Passivation Chemicals treatment. So, growing automotive vehicles market drive the Passivation Chemicals market.
Restraint- The acids used in Passivation Chemicals process may form toxic during chemical process, for instance, passivate equipment used in various food production process may form toxic in food product. Also, various regulation on use of Passivation Chemicals may restrain the market growth.
With the manufacturing sector operations & industrial production output severely hit due to COVID-19 pandemic during the prime quarters of the current year, the production and supply of passivation chemicals is believed to be impacted to a substantial extent thereby impeding its growth.
The rebound in growth is anticipated to occur within the next 3-4 quarters of the next fiscal provided the resumption of level of production by each end use industry.
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Asia Pacific is considered to be a dominant region in the Passivation Chemicals market, as majority of oil & gas refinery are situated in Asia pacific countries such as India. Also establishment of new chemical industry in China and other countries, increasing the demand of Passivation Chemicals.
Followed by Asia Pacific countries GCC countries contribute to Passivation Chemicals market growth due to increasing demand of Passivation Chemicals in oil & gas refinery.
Growing automation industry in North American countries such as U.S., Canada and growing demand of vehicles drive the Passivation Chemicals market in North America region. Similarly, Europe region is significantly contribute to Passivation Chemicals market growth due to rising automation and chemical industry.
Some of the key players in the global Passivation Chemicals Market are listed below:
The research report on the Passivation Chemicals Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Passivation Chemicals Market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.
The global Passivation Chemicals Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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