Global Metal Deactivators Market Is Poised to Exhibit the Fastest Growth Due to High Growth in Automotives.

hyderabad, India, February 16, 2016 (Newswire.com) - Formulated into two types, Oil Soluble and Water Soluble, Metal Deactivators are variants of fuel additives and oil additives that are used to stabilize fluids by disabling metal ions to make them inactive as oxidation catalysts. They as well help to deactivate the transition metals which act as impurities in some mineral fillers and inorganic pigments.

Though there are numerous applications of this market, the quantity of usage in each is noted to be less which is expected to cause the overall market for Metal Deactivators to be stagnant globally. IndustryARC suggests that the total market shall grow at a 5.3% CAGR during the forecast period, 2015-2020 with the Americas growing at 3.9% CAGR until 2020.

In 2014, the American region occupied a major share of 53.08% in the global metal deactivators market for copper metal with recorded high revenues.The global metal deactivators market is poised to exhibit the fastest growth due to high growth in industries mainly, automotive and industrial.

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MARKET TRENDS & MARKET GROWTH:

Prominent Industries and Applications:

One of the most critical applications is noted to be that, it is used where plastics are in direct contact with the metal surfaces like wire and cable insulation and molded parts having metal inserts. Refineries and Metal Working are observed to be the top applications of this market.

The major industries where this market views itself applicable are:

·         Industrial

·         Automotive

·         Aviation

·         Polymers

·         Food & Agriculture

Also, their dominant applications being:

·         Metal Working Fluids

·         Jet Fuels

·         Aviation Fuels

·         Refineries

·         Engine Oils

·         Gear Oils

·         Food Packaging etc

Region Analysis of the Global Market:

2014 witnessed America and Europe as the largest volume wise contributors and revenue generators for the overall Metal Deactivators Market. But according to latest market study, Asia-Pacific and the Middle East & African regions are expected to be to be the major consumers during the observation period.

Asia-Pacific is estimated to grow at a CAGR of 6.6% while the Middle East & African regions are estimated to grow at a CAGR of 6.9%. These developing economies currently witness a growing urbanization which makes it inevitable for the OEMs to increase the production of consumer goods, ultimately driving the industrial sectors to reach their production peaks. A flourishing industrial segment has led to increase in consumption of lubricants which aid the efficiency of the machinery.

Metal Deactivator Market Driving Factors:

The key factors for the global demand are noted to be, the growing number of passenger cars in Asia-Pacific, increased disposable income and strict emission regulations in regions such as America and Europe. Additionally, the dominant applications of metal deactivators, especially in the oilfields and refineries will boost this segment further in the overall market.

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REPORT SCOPE: Market Segmentation:

The Metal Deactivator Market is segmented into 4 types broadly with further segmentations under the same. The factors based on which the main classification is made are as follows:

1.       By Metals: Copper, Aluminum, Alloys and Others.

2.       By Formulation: Water Soluble and Oil Soluble.

3.       By End Use Industry: Industrial, Automotive, Aviation Jet Fuels, Polymer and Food & Agriculture.

4.       By Geography: Americas, Europe, APAC and Middle East & Africa.

Key Market Players:

Few notable competitors of this market which are studied and analyzed in this research report by market research experts of IndustryARC are:

·         BASF SE

·         Innospec Inc.

·         Afton Chemical Corporation

·         Dorf Ketal India Pvt. Ltd.

·         Vanderbilt Chemicals, LLC

·         Clariant AG

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