Rust Preventive Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

1. Rust Preventive Oil Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

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3. Rust Preventive Oil Market: Introduction Rust preventive oil is used to prevent corrosive attack on iron. Rust forms on iron when it comes into contact with water or oxygen. This can lead to equipment failure and can also damage machinery such as engines. Rust can cause high financial losses to organizations. Rust prevention oils contain corrosion inhibitors, which form a barrier film on the metallic surface. This barrier film protects the surface from environmental oxygen, water, and other chemically active substances. Rust preventive oils are widely used in various industries such as automotive, paints, food & beverages, and construction View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Key Drivers of Rust Preventive Oil Market • Automobile industry is one of the major consumers of rust prevention oil. • Under the Paris agreement, all countries are joining hands to reduce carbon emission and keep the increase in average global temperature to below 2°C. In line with this objective, France is expected to discontinue the sale of petrol and diesel vehicles by 2040 and shift toward electric vehicles. • The Netherlands also aims to ban petrol and diesel vehicles by 2025. • Majority of countries are shifting toward the production of electric vehicles. This is anticipated to boost the demand for new engines, auto components, and metallic parts in the near future

5. Key Restraints of Rust Preventive Oil Market Rust prevention oil attract contaminants from air that cling to the surface of the metal, thereby accelerating the corrosion process Vapor corrosion inhibitors (VCI) paper and VCI poly are the substitutes of rust prevention oils. These products are environment friendly and non-toxic alternatives of rust prevention oils. ©2019 Transparency Market Research, All Rights Reserved

6. Key Manufacturers in Market Rogers Corporation Silicone Solutions 3M Parker Hannifin Corporation Parker Chomerics TennVac Inc. NolatoCerbo AB Wacker Chemie AG ©2019 Transparency Market Research, All Rights Reserved

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