The latest market report published by Credence Research, Inc. “Global Metal Deactivator Additives Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global market has acquired a market size of around USD 201.23 Million in 2020 and expected to reach a healthy CAGR of over 7.8% during the forecast period from 2021 to 2027 to reach around USD 315.80 Million in 2027.
Browse the full report at https://www.credenceresearch.com/report/metal-type-deactivator-additives-market
Metal deactivators are oil and fuel additives used for the purpose of stabilizing fluids by deactivating metal ions, mostly induced by the action of naturally present acids in the fuel and acids generated by oxidative processes with the metallic parts of the systems. These also help in minimization of galvanic corrosion that happens in between varying metal alloys. The choice of selection of metal deactivators is reliant on base stock utilized in the application, frequency and the effectiveness based on the duration of application. By hampering metal contamination and oxidation, other alternatives such as antioxidants can be used with major price implications. As a measure to decrease the costs, metal deactivators are used in slight quantities with very many applications in automobile and industrial sectors.
Key Trends in Global Market
COVID-19 Impact on the Market
Due to the irrevocable impact of Covid-19, the global market was negatively impacted. The engineering and construction industry had to undergo its own slowdown, contributing to reduced demand for metal allied products. In a mission to demolish the pandemic, cross country transportation regulations were imposed across the world, the supply chain of major ingredients required for production under metal deactivator additives. Additionally, several end-user industries of the market also had to slow down, which caused reduced demand, in comparison to the pre-pandemic world. However, the condition is expected to improve in the future, thereby gaining the growth prospect back on track in the forthcoming years.
Global Market by Metal Insights
On the basis of Metal, the global market can be divided into Copper, Aluminum, Alloys and Others. Copper has dominated the market and is expected to continue in the forecast period. Copper is used in a variety of industrial applications. As a result, the widespread use of this metal in industrial applications emphasizes the demand for additives to counteract the adverse effects of corrosion and staining. Furthermore, rising industrialization has increased the use of lubricants to maintain machine productivity, boosting market growth by attracting many end users from the automation, polymer and aviation industries.
Copper Segment to Dominate the global market
Global Market by End-user Industry Insights
Considering the end-use of the deactivators, the market can be segregated into industrial, polymers, automotive, aviation, food & agriculture, and others. It is known that metal deactivators are a highly effective solution for eradicating the catalytic effect of metals and help to stabilize fuels in several applications. Whilst, in middle distillates, metal deactivators help to improve the fuel oil compatibility and color stability. In the case of aviation fuels, metal deactivators balance it out and act like a stabilizer. Therefore, it can be concluded that the industrial application segment is expected to hold a dominant share in the global market.
Global Market by Regional Insights
In regional segmentation, the global coronavirus vaccines market is bifurcated into six key regions, namely, Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. North America, followed by Europe are major contributors in the global market, with very several applications in automotive sectors, polymer industries and oil refineries. Whereas, some developing regions like Africa and Asia-Pacific are anticipated to develop with notable growth citing an upsurge in industrial establishments and consumer goods. Reasons like easy accessibility to raw materials, prompt growth in polymer and automation industries are anticipated to provide beneficial opportunities for competitive players and investors.
Global Market Competitive Landscape
Some of the most prominent players operating in the global market include 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 and among others.
Global Metal Deactivator Additives Market by Metal, 2015 – 2027
Global Metal Deactivator Additives Market by End-user Industry, 2015 – 2027
· Food & Agriculture
Global Metal Deactivator Additives Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Metal Deactivator Additives Market: Key Players
· Innospec Inc.
· BASF SE
· Adeka Corporation
· Dorf Ketal
· PMC Specialties Group, Inc.
· Afton Chemical Corp
· The Lubrizol Corp
· R.T.Vanderbilt Co., Inc.
· Clariant AG