Title: Metal Deactivator Market Forecast Analysis value
1The global Metal Deactivator Market value
contributed a revenue of 177.5 million in 2017,
is expected to grow at a CAGR of 5.3 during
forecast 20182023.
2America region recorded highest revenue of 55.4
million in 2017, and projected to reach 68.57
million by 2023, followed by Europe, owing to the
presence of numerous metal deactivator additives
providers and end-users, especially industrial
and automotive sectors. Moreover, America
accounts for the highest number of oil
refineries, which is also a major application
area for MDA. Europe holds the second major
share, followed by Middle East and Africa and
Asia-Pacific. In terms of growth rate, Middle
East and Africa is projected to register highest
growth rate of 6.9 CAGR, followed by
Asia-Pacific and Europe.
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3Selected / Sample Analysis Done in the Full
Report
Over the past decade, Metal deactivator additive
have been deriving its application from various
end user industries such as automotive,
industrial, polymers, construction and many more.
MDA are developed to encapsulate the dissolved
metal ions. The emerging economies such as China,
Japan, Brazil, and Russia hold a significant
growth potential for MDA market. Construction is
one of the fastest growing industries worldwide.
This employs a substantial growth in the MDA
market as well.
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4Excerpts on Market Growth Factors Mentioned in
the Full Report
- The Metal Deactivators market is driven by the
need for more enhanced lubricants which has risen
out of demands from consumers as well as end-user
industries, such as improved fuel efficiency and
improved vehicular and equipment operations. - At present, higher spending from consumers is
driving up the sale of light and heavy-duty
vehicles. Moreover, higher sale of automobiles
will lead to high consumption of fuels as well as
lubricants, and consecutively higher usage of
metal deactivator additives.
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5Key Players of the Metal Deactivator Market
- Vanderbilt Chemicals
- Rhein Chemie
- And more
-
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