HYDERABAD, India and MINNEAPOLIS, February 15, 2016 /PRNewswire/ --
According to the report "Metal Deactivator Market: By Metals (Copper, Aluminum, Alloys & Others), By Formulation (Water based & Oil based), By End-User Industry (Industrial, Automotive, Aviation Jet Fuel, Polymers, Food & Agriculture) & By Geography - Forecast (2015 - 2020)", published by IndustryARC, the market is estimated to reach $207 Million by 2020 at a high CAGR.
Global Demand For Efficient Fuel Systems & Industrial Machinery Will Lead the Metal Deactivator Market to Reach $207 Million By 2020.
Browse 88 Market Tables, 32 Figures spread through 136 Pages and an in-depth TOC on "Metal Deactivator Market".
Metal Deactivator Additives (MDA) are variants of fuel additives and oil additives that are used to stabilize fluids by disabling non-ferrous metal ions. MDA reduces the negative effects in the lubricant such as staining and corrosion, which occurs due to the oxidation process. To avoid this oxidation process and metal contamination, additives such as antioxidants are used. However, antioxidants have cost implication, as they are costly chemicals. Hence, to reduce the cost and usage of antioxidants up to 30-50%, a very small amount of metal deactivator additive (MDA) is used. According to extensive research conducted by IndustryARC, the market for metal deactivators in 2015 was $160 Million and is dominated by America owing to growing industrial segment and large number of refineries. The APAC region is poised to exhibit the fastest growth due to high growth in industries such as automotive and industrial.
The usage of copper, aluminum and other non-ferrous metals in a wide spectrum of applications is placing more emphasis on the need for additives to minimize negative effects as staining and corrosion. The MDA market is set to experience a stagnant growth owing to the quantity of its usage pertaining to any application. However, the growing end user industries such as automotive and polymers are set to pull up the demand of MDA globally in the coming years but at a slower pace. America is the major shareholder with more than 30% share in the overall MDA market owing to the presence of refineries and several end user sectors.
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The Metal Deactivator Market finds its Applications across Various Industries:
- Aviation Jet Fuel
- Food & Agriculture
The metal deactivator market is a very niche segment as compared to other additives; owing to its treat rate and its minute applications but this industry has direct applications in many major industries such as automotive and metal working industry. In 2014, the American region occupied a major share of 53.08% in the global metal deactivators market for copper metal with recorded revenues of $25.8 Million. However, the metal deactivator market is set to be a competitive market for the upcoming regions such as the Asia-Pacific owing to the growing end-user industries, whereas Europe and American markets have reached a point of saturation.
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The Major Players in Metal Deactivator Market are:
- The Lubrizol Corporation (U.S.)
- Adeka Corporation (Japan)
- BASF SE (Germany)
- Vanderbilt Chemicals LLC (U.S.)
- Innospec Inc. (U.S.)
Vanderbilt Chemicals and Rhein Chemie are the Two Key Market Players in the metal deactivator industry. Vanderbilt supplies MDA for greases, lubricants and metal working fluids which have a wide range of application in various end user industries such as industrial, automotive, polymers, aviation and more.
The Metal Deactivator Market in America recorded revenue of $48.6 Million in 2014 and it is estimated to grow at a CAGR of 3.9% to reach $62.2 Million during the forecast period. For the year 2015, America and Europe have been the largest contributors by volume consumed and revenue generated to the metal deactivator market. As per IndustryARC insights, Asia-Pacific and the Middle East & African regions expected to be to be the major consumers of metal deactivators by 2020. 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.
Segmentation Based on Geography
- U.S., Canada, Brazil, Argentina, Mexico & Others
- U.K., France, Germany, Italy & Others
- China, India, Japan, Australia & Others
- Nigeria, Saudi Arabia, Iran, Iraq & Others
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