(EnergyIndustry.Net, December 23, 2019 ) Market Overview The Global Metal Deactivators market is expected to grow with a CAGR of 5.1 % during the forecast period from 2019 to 2026.
Metal Deactivators are oil and fuel additives used to stabilize fluids by deactivating metal ions, mostly introduced by the action of naturally occurring acids in the fuel and acids generated in lubricants by oxidative processes with the metallic parts of the systems. Metal deactivators inhibit the catalytic effects of metal ions like copper, aluminum; retarding the formation of gummy residues.
Alternatives, such as antioxidants, function by hindering oxidation and metal contamination with significant cost implications. Hence, for reducing the cost expenses, metal deactivators are used in small amounts with varied applications in industrial and automobile sectors.
Market Drivers and Restraints The increasing usage of non-ferrous metals like aluminum, copper, and non-ferric alloy in several industries is emphasizing the need for metal deactivators to minimize the adverse effects like corrosion and staining.
Also, the growth in industrialization has increased the use of lubricants for sustaining the efficiency of machinery, which has boosted the market by generating various end users from food & agriculture, aviation, polymer industries, and many more.
The availability of raw materials coupled with the quantity of usage in the end-user industries is a significant restraint to the growth of the market.
Industry Segmentation Analysis The Global Metal Deactivators market report segments the market by metal, formulation and end-user industry. By metal, the market can be segmented as Copper, Aluminium, Alloys, and Others.
Formulation segment includes Oil-based and Water-based. Oil-based metal deactivators are useful in protecting copper, copper alloys, cadmium, zinc, cobalt, and silver.
They are used in lubricants, metalworking fluids, and greases. However, the water-based formulation is expected to hold the significant share because of its low price and high efficiency. Also, these formulations are easy to handle and protect the metals from corrosion.
Further, by end-user industry, the market has been segmented as Industrial, Polymers, Aviation, Automotive, Food & Agriculture, and Others.
The Industrial segment is predicted to dominate the market during the forecast period. This can be attributed to the high development in the industrial sector. Metal deactivators are used in hydraulic oils, industrial gear oils, metal working fluids, transmission oils, and turbine oils in the industry.
The Automotive segment is also expected to hold a significant share in the market in the coming years. In the automotive sector, the metal deactivators are utilized in gear oils, fuel additives, engine oil additives and in other automotive lubricants.
Geographical Share The report segments the market based on geography as North America, South America, Europe, Asia-Pacific and Rest of the World. North America is the most significant region for metal deactivators market and is expected to dominate in the forecast period. It is due to the broad applications of metal deactivators in automotive, oil refineries, and polymer industries in North America.
Asia-Pacific is the fastest growing region for metal deactivators owing to the high growth rate in the end-user industries. The Automotive sector is currently booming in the area especially in the developing countries like China and India.
The development in the automotive industry is a primary factor in boosting the demand for metal deactivators in the region. Also, these countries have a high industrialization rate because of the rise in economy and increasing investments from private as well as public sector. Thus, the industrial growth in the region will also contribute to the growth of the market in the coming years.
Metal Deactivators Companies The Global Metal Deactivators market report profiles the following companies- BASF SE, Adeka Corporation, Innospec Inc., Lubrizol Corporation, Clariant AG, Vanderbilt Chemicals, Afton Chemical Corporation, Du Pont, Mayzo, Dorf Ketal, BLS Metadeact, Metal Deactivator, and PMC Specialities Group.
Key market segments covered By Metal • Copper • Aluminum • Alloys • Others
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