my country’s anti-rust oil market has huge space and industry concentration is expected to increase

When the surface of metal products comes into contact with oxygen, moisture and other corrosive substances in the air, an electrochemical reaction will occur, causing rust. Anti-rust oil is an oil solvent with anti-rust functions that can prevent metal products from rusting. Its main components include basic Oil, oil-soluble corrosion inhibitors, auxiliary additives, etc. have the advantages of good rust resistance, ease of use, and low cost.

In the anti-rust oil industry chain, the upstream is mainly the petrochemical industry, and the downstream involves a wide range of industries that require the use of metal products, including fasteners, engines, fans, mechanical equipment, automobiles, aircraft and other fields. Compared with anti-rust agents, anti-rust oil is relatively expensive, but its anti-rust effect is better and the anti-rust time is longer. Against the background of the continuous advancement of supply-side reform policies, backward production capacities in my country’s metal products industry have been gradually withdrawn. Since 2017, the output of metal products has declined, but the annual output has remained at more than 160 million tons. China is a major producer of metal products and has set a good example for my country. The development of the anti-rust oil industry has laid a solid foundation.

According to the “In-depth Market Research and Investment Strategy Suggestions Report on Anti-Rust Oil Industry 2022-2026” released by the Industrial Research Center, the anti-rust oil industry There are many types of rust oil products, which can be divided according to their uses. They can be divided into electroplating anti-rust oil, thin-layer anti-rust oil, wax film anti-rust oil, replacement anti-rust oil, sealed anti-rust oil, etc.; according to their properties, It can be divided into solvent-diluted anti-rust oil, water-soluble anti-rust oil, volatile anti-rust oil, vapor-phase anti-rust oil, etc. Looking at the vapor phase anti-rust oil market segment, my country’s vapor phase anti-rust oil market size will be approximately 1.56 billion yuan in 2021, showing a steady growth trend since 2015.

Compared with developed countries, my country’s anti-rust oil industry started late. With the rapid development of my country’s economy, the uses of metal products continue to expand and the output continues to grow. Because metal products are susceptible to corrosion, their performance and lifespan are reduced. For protection, the demand for anti-rust oil in my country continues to rise. Driven by the market, my country’s anti-rust oil industry chain has been increasingly developed, the R&D and production capabilities of enterprises have been continuously enhanced, and product quality has been continuously improved. At present, there are a large number of anti-rust oil manufacturers in my country and the market competition is fierce.

my country’s anti-rust oil market has low concentration, with most companies having a small market share, a small number of leading companies with large production scales and strong product competitiveness, and serious homogeneous competition. Driven by the supply-side reform policy, my country’s metal products industry has continued to increase industry concentration, and my country’s environmental protection policies have become increasingly stringent. Therefore, the downstream market’s requirements for the performance, quality, and environmental protection of anti-rust oil have continued to increase. Against this background, anti-rust oil companies with strong R&D and innovation capabilities, excellent product quality, and the ability to launch customized and environmentally friendly products have greater development potential.

Industry analysts said that overseas, the main anti-rust oil manufacturers include Shell, Nynas, FUCHS, Total, Mobil, etc.; in my country, the main anti-rust oil manufacturers include Sinopec, PetroChina, Beijing Hangruitong Technology Development Co., Ltd., Guangzhou Liannuo Chemical Technology Co., Ltd., Dongguan Fukai Petrochemical Co., Ltd., Fushun Zhongzhan Petrochemical Co., Ltd., Huizhou Beta Technology Co., Ltd., etc.