NEW YORK, April 21, 2016 /PRNewswire/ -- Metal Deactivator is a variant of fuel additives and oil additive that are used to stabilize fluids by disabling metal ions to make them inactive as oxidation catalysts. Moreover, they also help to deactivate the transition metals which act as impurities in some mineral fillers and inorganic pigments.
Metal Deactivator additives are mainly formulated into two types:
Additionally, they have various applications and one of the most critical one is 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.
Metal deactivators have usage in a wide spectrum of end users including Industrial, automotive, aviation, industrial polymers and food & agriculture, wherein, refineries and metal working are one of the key applications for MDA in industrial sector. Metal deactivator market is set to remain stagnant in the coming years.Metal deactivators have usage in a wide spectrum of end users including Industrial, automotive, aviation, polymers and food & agriculture owing to their dominant applications in metal working fluids, jet fuels, aviation fuels, refineries, engine oils, gear oils, food packaging and others. Wherein, refineries and metal working are one of the key applications for MDA in industrial sector. Metal deactivator market is set to remain stagnant in the coming years.
Asia-Pacific (APAC) is projected to emerge as the fastest growing market for metal deactivators in the coming years, owing to the continued growth in end-user industries such as automotive and industrial.However, the overall growth for MDA market is estimated to remain stagnant globally owing to the less quantity of usage in various applications. The key factors for the global demand of metal deactivators are, 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. The overall MDA market is estimated to grow at a CAGR of 5.3% during 2014-2020.
The prominent players profiled in this report include:
BASF SE (Germany)
Innospec Inc. (U.S.)
Clariant AG (Europe)
Vanderbilt Chemicals LLC (U.S.)
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