Chemical corrosion involves the attack of aggressive chemical species such as acids, bases, and sulfur on the surface which results in the corrosion on the metal surface. Chemical corrosion results from the oxidation of hydrocarbons and sulfur-containing additives or additive by-products, on a metal surface resulting in the formation of ionic metallic or oxidized metallic compounds. Adding corrosion inhibitors to a lubricant will help slow the deterioration process in non-noble metals.
The presences of the anti-corrosion additives in the lubricants are very important as it protects the metal from the outside detritions and helps to increase the life of metal. Lubricants that are used in the industries must be formulated with just the right amount of corrosion inhibitor. If a formulation has too high or too low a percentage of the additive, the inhibitor could become less effective in mitigating corrosion on the metal surface or on equipment. The anti-corrosion benefits come without any sacrifice in overall lubricant performance although anti-corrosion help to increase the viscosity, wear resistance, and oxidation stability and among other characteristics.
IMPACT OF COVID-19 ON EMISSION CONTROL CATALYST MARKET
Several large industries were on lockdown during the COVID-19 due to which the product in the industries has fallen which result in the fall in the demand of the lubricants in the industries. The machines or equipment in the industries are running at 25% of their capacity due to which the demand for the anti-corrosion lubricants in the industries. The COVID-19 has created a challenge for the anti-corrosion lubricant manufacturers for the production of the lubricants as most of the raw material is imported from the other regions.
Manufactures also facing the problem for the production of the anti-corrosion lubricants of different grades and viscosity according to the demand in the market due to which manufactures are not able to generate revenue during the COVID-19. The steel manufacturing industries, power industries and other industries which are engaged in the production of the metal parts have faced the lower demand in the COVID-19 period due to which the demand of the anti-corrosion lubricants have fallen down.
The demand anti-corrosion lubricants have fallen down in the oil and gas and marine application as the demand of the products have fallen down due to which have impacted the demand of the anti-corrosion lubricants market. COVID-19 has influenced the car industry and transportation segment within the all the districts due to which demand of the anti-corrosion coating items have fallen down within the car application.
IMPACT OF COVID-19 ON END-USERS OF ANTI-CORROSION LUBRICANTS
IMPACT ON INDUSTRIES
During the COVID-19 the lockdown was done in all the countries due to which the generation of the wrapped-up merchandise fell. The productions of the new apparatus and equipment which are utilized within the fabricating have fallen conjointly manufactures are not able to put in more cash within the trade amid the widespread circumstance.
Different anti-corrosion lubricants are used across various industries for the running of large and small machinery such as metals and mining, power, iron and steel, chemicals, cement, construction, railways, oil and gas, general manufacturing among others. In the pandemic situation, considering that most industries and manufacturing sectors have been impacted due to the lockdown in the countries, which affected the demand for anti-corrosion lubricants to a larger extent. Industrial activity in the COVID-19 period has shrunk which has impacted the demand for various types of industrial anti-corrosion lubricants result in lowering of demand which including, metalworking fluid, transmission and compressor oils, agri-spray oils, turbine oils, greases, hydraulic oils, industrial gear oils other industrial lubes among others.
TABLE 1 IMPACT ON KEY INDUSTRIES BY COVID-19 IN INDIA