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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 negative effects like that of 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 which provide thermal stability and hold some level of compatibility with additional additives as well. However, owing to the restrictive regulations by government authorities and the prominent environment protection agencies, manufacturing of metal deactivators possess lesser toxicity to the atmosphere is in high demand. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Type Deactivator Additives Market”.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the 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 is 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 environment protection organizations, manufacturing of metal deactivators which are considered to be less harmful to the environment are high on demand.

North America to led the global market in geographic regions

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

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

Based on the metal deactivators 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 coolant, emulsions, etc. However, the oil-based metal deactivators are effective in protecting 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 dominate the global market in 2020 in terms of Application Industry

Industrial, Automotive, Aviation, Food & Agriculture and Polymers Others are the various end-user industry of this market. Industrial segment dominated the Application Industry in 2020 and is expected to continue in the future. However, in the past few years, the automotive industry was 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 lead to business growth in the coming years.

Frequently asked questions about global industry

  • Which are the different Types of Type Deactivator Additives?
    Ans: Aluminum, Alloys, Copper and Others are the some metals available in the market
  • Name few prominent players in the global industry.
    Ans: BASF SE, The Lubrizol Corp, Innospec Inc., R.T.Vanderbilt Co., Inc., Dorf Ketal, PMC Specialties Group, Inc., Adeka Corporation, Afton Chemical Corp, and Clariant AG are the key players leading this market
  • Which is the fastest growing Application Industry segment for global industry?
    Ans: Industrial segment has fastest growth at Application Industry
  • Which is the leading regional market for global industry?
    Ans: North America has the largest share of the market
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The CAGR for this market is likely to reach over 7.8% during the forecast period
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Published Date:  May 2021
Category:  Chemicals
Report ID:   60371
Report Format:   PDF
Pages:   120
Rating:    4.2 (68)
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