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:
• Food & Agriculture
Also, their dominant applications being:
• Metal Working Fluids
• Jet Fuels
• Aviation Fuels
• 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...