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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Metal Deactivator Market: By Metals, By Formulation, By End User, and Geography
Metal Deactivator Market: By Metals, By Formulation, By End User, and Geography
Metal Deactivator Market size was valued at US$ 93.82 billion in 2023 and is anticipated to grow at US$ 144.24 billion by 2030 witnessing a CAGR of 6.3% from 2024-2030. Metal Deactivator market report gives a comprehensive outlook on metal deactivators across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of metals, formulation, end user, and region. This report studies global metal deactivator market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market.
In addition, the report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities). Key stakeholders of the global metal deactivator market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global metal deactivator products. Growth in industrialization, increasing usage of non-ferrous metals such as aluminum, copper, and non-ferric alloys in several industries, growing demand from various end-user industries, and rapid expansion of polymer and automation industries are some key factors fostering market growth. However, factors such as less availability of raw materials restrict the market growth.
Study Period
2024-2030Base Year
2023CAGR
6.3%Largest Market
Asia PacificFastest Growing Market
Asia pacific
Metal deactivator additives neutralize the catalytic effects of metals, such as copper and iron, to reduce gum and sediment formation in fuels. Metal deactivators prevent corrosion by passivating metal surfaces. Passivation leaves a less chemically reactive layer on the metal surface. The increasing use of nonferrous metals in lubricant systems means that metal deactivators are growing in importance to minimize such negative effects as staining and corrosion. Over the past decade, metal deactivator additive has been deriving its application from various end-user industries such as automotive, industrial, polymers, construction and many more. Refineries and metal working are also other key applications for MDA in industrial sector.
Asia Pacific accounted for larger revenue share in global metal deactivator market with considerable CAGR. The growth in this region is due to expansion of polymer, automotive & aviation sectors and high industrialization rate. Also, increasing demand from end user industries further enhances the market growth. In addition, North America held considerable market share during estimated period owing to broad applications of metal deactivators in automotive, oil refineries, and polymer industries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 93.82 billion |
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Market Size in 2030 |
US$ 144.24 billion |
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Market CAGR |
6.3% |
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By Metals |
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By Formulation |
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By End User |
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By Region |
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The metal deactivator market size was valued at US$ 93.82 billion in 2023
The metal deactivator market key players are: Innospec Inc. BASF SE Adeka Corporation Dorf Ketal PMC Specialties GroupInc. Afton Chemical Corp The Lubrizol Corp T.Vanderbilt Co.Inc. Clariant AG Lubrizol Corporation
The metal deactivator market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.