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Metal Deactivator Additives Market by Metal (Copper, Aluminum, Alloys, Others) by End-user Industry (Industrial, Automotive, Aviation, Food & Agriculture, Polymers, Others): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The global Metal Deactivator Additives Market is likely to attain a market value of USD 315.80 Million in 2027 from USD 201.23 Million in 2020. The CAGR for this market is likely to reach over 7.8% during the forecast period.

Rising consumption of non-ferrous metals like aluminum alloys and copper across many different industrial applications is causing the market's prominence on the need for metal deactivators in order to minimize adverse effects like corrosion and staining. The escalating use of reactive and transition metals in the respective market has resulted in the development of the additives like hydrolytic stability and better toxicity profiles. The primal aim of the major producers is to establish metal deactivators that provide thermal stability and hold some level of compatibility with additional additives. However, owing to the restrictive regulations by government authorities and the prominent environment protection agencies, the manufacturing of metal deactivators that possess lesser toxicity to the atmosphere is in high demand. Credence Research is offering holistic information and absolute accuracy in the report titled "Global Type Deactivator Additives Market."

Key Market Drivers and Restraints

Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

Various Factors Driving the Market Growth

Some of the factors like increasing consumption of non-ferrous metals like aluminum, copper, and non-ferric alloy in different industries are creating a pressing need for metal deactivators to gradually eradicate the adverse effects like corrosion and staining, rapid industrialization and consequent increase in the use of lubricants for sustaining machinery's efficiency, which has ultimately boosted the market by generating various end users such as polymer, food & agriculture, aviation industries, and other.

With consideration to many other factors like stringent government regulations set up, along with rising awareness of the environmental protection organizations, manufacturing of metal deactivators considered less harmful to the environment is high in demand.

North America to lead the global market in geographic regions

On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. North America topped the market by acquiring a 32.6% share in 2020.

Global Market is led by the Water Based in terms of Formulation.

Based on the metal deactivator formulation, it is further divided into oil and water-based. The most common and typical applications of a water-based type include surface cleaners, polish formulations, engine coolants, emulsions, etc. However, the oil-based metal deactivators effectively protect zinc, copper, cobalt, cadmium, silver, and copper alloys. This can be primarily used in lubricants, metal working fluids, and greases. The water-based segment is anticipated to hold a prominent share of the market due to its affordable pricing and high efficiency.

Food & Agriculture will dominate the global market in 2020 in terms of the Application Industry.

Industrial, Automotive, Aviation, Food & Agriculture, and Polymers are the various end-user industry of this market. The industrial segment will dominate the Application Industry in 2020 and is expected to continue in the future. However, in the past few years, the automotive industry has been booming in the Asia-Pacific region, especially in developing nations such as China and India. The growth of the automotive industry in these areas became a major factor driving up demand for metal deactivators. Furthermore, these countries had a high rate of industrialization as a result of growing economies and rising private and public sector investments. As a result, the region's industrial developments will lead to business growth in the coming years.

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Godaddy
Published Date:  May 2021
Category:  Chemicals
Report ID:   60371
Report Format:   PDF
Pages:   120
Rating:    4.2 (68)
Delivery Time: 24 Hours to 48 Hours   
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