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Dynamic shifts characterize the current state of affairs in the metal carboxylates industry driven by growing need for ecologically sound additives that can be applied across diverse industries for optimum performance. They are also called metals soaps because they result from reactions between metals and acidity or any other guy chemicals thus playing important roles like catalysts stabilizers driers etcetera mainly used by plastics industry manufacturers along with construction materials making plants.
One of the factors defining the market is that there is also an increasing need for environmentally friendly paints and coatings. These metal carboxylates act as driers in the manufacture of coating thus they hasten drying process thereby improves on the general performance of such paints due to their eco-consciousness, which has become important in the painting industry.
In formulation of concrete admixtures, metal carboxylates play an imperative role within the construction sector. They function as water reducers and plasticizers thereby improving workability and strength of concrete while at the same time reducing water content in it. The demand for metal carboxylates in high-performance concrete additives production is projected to contribute significantly to market growth with rising trends in global construction activities.
Furthermore, among key determinants shaping metal carboxylates market dynamics are companies operating in automotive industry. Lubricant additives are some of the uses of metals soaps when applied on automotive lubricants whereby they confer stability and anti-wear properties. With increased efforts by automobile manufacturers seeking fuel efficiency coupled with less environmental pollution, there will be need for more lubricants that have metallic soap additives inside them everywhere this kind of situation arises whether it comes from vehicles manufactured by developed or emerging markets; Western Europe or Southeast Asian countries mentioned above. In addition to this, currently some cars’ PVC based components would have been destroyed long ago if not for presence of these stabilizers made from metals called carboxylates
Additionally, the plastics industry is also a factor that influences the dynamics of metal carboxylates market where these additives are utilized as heat stabilizers during the production of PVC and other polymers. Preventing thermal degradation and maintaining polymer structural integrity during processing and use, metal carboxylates are imperative. The demand for durable plastics with high performance in different applications such as packaging, construction, consumer goods is one of the drivers of metal carboxylates use in the plastic industry.
Metal carboxylates market research also adds to its dynamic nature. These endeavors focus on customizing metal carboxylate formulations for specific uses, hence improving their performance levels and ensuring compatibility with various types of substrates. Advances in catalysis or process optimization lead to the development of highly efficient modern metal carboxylates suitable to meet requirements from various industries such as coatings, plastics and lubricants.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product Type, Application, and Region |
Metal Carboxylates Market Highlights:
Global Metal Carboxylates Market Overview
Metal Carboxylates Market Size was valued at USD 5,271 million in 2021. The Metal Carboxylates market is projected to grow from USD 5,271.6 million in 2022 to USD 7,964.2 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.28% during the forecast period (2022 - 2030). They have a major application in the building and construction industry, where they are used to protect structures from any external damage. The strongest surge in industrial coating demand in China and India, followed by moderate growth in Europe, are driving the demand for coatings, which in turn, drives the demand for metal carboxylates to a large extent. Additives are used to enhance performance and correct the deficiencies of fuels or lubricants used in several applications. Metal carboxylates of Manganese and iron are widely used as fuel additives.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Metal Carboxylates Market Trends
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GROWING DEMAND FOR ADDITIVES IN LUBRICATING OILS AND GREASES
According to the U.S. EPA, the typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year. With passenger vehicles composing 93% of the estimated 1.2 billion vehicles globally, the amount of carbon emissions from passenger vehicles alone climbs to a concerning total. With carbon emissions rising rapidly since the Industrial Revolution, stringent environmental regulations are being enforced. Fuel additives demand is driven by increasing demand of hydrocarbon fuels for heat and power generation from transportation and power generation. Additives are used to enhance performance and correct the deficiencies of fuels or lubricants used in several applications. In addition, with the widespread inclusion of biodiesel as part of the diesel fuel blend due to the rising environmental concerns will also necessitate the use of fuel additives. Similarly, with the increase in use of marine and aviation transport, lubricant additives are also gaining an upsurge demand. moreover, with the aging transportation fleet, its demand will rise subsequently in the future. Thus, with growing demand for fuel and lubricant additives, the market for metal carboxylates such as iron and manganese carboxylates are likely to grow as metal carboxylate are vital functional additives. Thus, increasing demand in the lubricating oils and greases industry is a factor driving the growth of the metal carboxylates market revenue.
Metal Carboxylates Market Segment Insights
Metal Carboxylates Product Type Insights
The Metal Carboxylates Market segmentation, based on product type, includes Primary Drier Metals, Through Drier Metals, Auxiliary Drier Metals, Cobalt, Manganese, Iron and others. The cobalt segment accounted for the largest market share in 2021, in the Metal Carboxylates Market revenue. As demand for cobalt-free alternatives has continued to accelerate across the industry due to Increasing regulations and rising cost of cobalt, the growth of the metal carboxylates market will be hampered to a large extent as cobalt carboxylates make up majority of the metal carboxylates market. Nevertheless, with the increasing research and development activities surrounding carboxylates, companies will see new opportunities for emerging applications.
Metal Carboxylates Application Insights
The Metal Carboxylates Market segmentation, based on application, includes into catalysts, lubricant additives, driers, plastic stabilizers, polyester accelerators, fuel additives, and others. The metal carboxylates are used in various applications. They occupy the largest share among the drier applications and are used to accelerate the drying process, resist loss-of-dry, and improve the film properties as for instance gloss and film hardness. High-end coatings are widely used in the construction, automotive & transportation, and wood industries. They have a major application in the building and construction industry, where they are used to protect structures from any external damage.
Figure 2 Metal Carboxylates Market, by Application, 2021 & 2030 (USD Million)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Fuel additives demand is driven by increasing demand of hydrocarbon fuels for heat and power generation from transportation and power generation. Additives are used to enhance performance and correct the deficiencies of fuels or lubricants used in several applications. In addition, with the widespread inclusion of biodiesel as part of the diesel fuel blend due to the rising environmental concerns will also necessitate the use of fuel additives. Similarly, with the increase in use of marine and aviation transport, lubricant additives are also gaining an upsurge demand. moreover, with the aging transportation fleet, its demand will rise subsequently in the future. Thus, with growing demand for fuel and lubricant additives, the market for metal carboxylates such as iron and manganese carboxylates are likely to grow as metal carboxylate are vital functional additives.
Metal Carboxylates Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. Among these, Asia-Pacific dominated the market with a share of 44.0%, accounting for USD 2,320.5 million in 2021; it is expected to register the highest CAGR of 5.3% from 2022 to 2030. North America was the second largest with a share in 2021. The North American market is mainly driven by the availability of raw materials and increasing demand for Metal Carboxylates across the region for various applications.
Further, the major countries studied are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3 METAL CARBOXYLATES MARKET SHARE BY REGION 2021 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Metal Carboxylates Key Market Players & Competitive Insights
Major market players have large production bases and advanced manufacturing facilities at the domestic and international levels. This helps them supply the product to various end users across the globe within less time as compared to the small-scale manufacturers, providing a competitive edge in the global market. The leading producers of merchant Metal Carboxylates are US, and Canada. According to MRFR analysis, the Metal Carboxylates Market has a huge revenue base in European countries.
One of the primary business strategies adopted by manufacturers in the Metal Carboxylates Market to benefit clients and expand the metal carboxylates market sector is to manufacture locally to reduce operating costs. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth.
Organometals, DIC CORPORATION, DURA Chemicals, Inc., NICHIA CORPORATION, Comar Chemicals, EGE KIMYA, The Shepherd Chemical Company, Borchers Inc., Baerlocher, Patcham, and Nihon Kagayu Sangyo among others are the prominent players operating in the Metal Carboxylates Market. These players account for a significant share of the global market owing to their large production capabilities, global revenue base, and global distribution network.
Also, DIC was one of the first Japanese printing ink manufacturers to establish a presence in other parts of Asia. In 1986, Sun Chemical Corp., a leading manufacturer of printing inks, joined the DIC Group. Since then, additional acquisition-including the Coates Group in 1999- have reinforced DIC's position as one of the world's preeminent fine chemicals companies. The company has 189 group companies in 63 countries and territories worldwide. The Group also has operating sites all over the world including the PRC, Asia Pacific, Europe, and the Americas besides Japan where the DIC HQ is located. At present, DIC is focusing its expansion efforts on promising growth markets in Asia to strengthen core businesses, and is also establishing a presence in such emerging markets as Central and Eastern Europe, South America and the Middle East.
Key Companies in the Metal Carboxylates market include
- Organometals
- DIC CORPORATION
- DURA Chemicals, Inc.
- NICHIA CORPORATION
- Comar Chemicals
- EGE KIMYA
- The Shepherd Chemical Company
- Borchers Inc.
- Baerlocher
- Patcham
- Nihon Kagayu Sangyo
- Others
Metal Carboxylates market Developments
February 2021 DIC Corporation has commenced a partnership with Good Chemistry Company—a Canadian start-up based in Vancouver, British Columbia. Good Chemistry is building a platform that integrates quantum computing, artificial intelligence (AI) and cloud computing, to perform quantum chemistry simulations, with the goal of leveraging quantum technology to expand its materials development business.
April 2021 Arxada, a leading global specialty chemicals business, has combined with Troy Corporation, a global leader in microbial control solutions and performance additives. The combination creates a comprehensive and innovative offering in Arxada’s Microbial Control Solutions (‘MCS’) business, enabling the delivery of new solutions and value-added services to customers. Arxada will benefit from Troy’s technical expertise, trusted customer relationships and broad portfolio of performance products as well as its long history of innovation, including the invention of 3-iodo propynyl butyl carbamate (IPBC). Troy brings five new production sites across the world, four Research and Development centers, and approximately 650 employees, enhancing Arxada’s commercial presence across the globe to further accelerate the Company’s innovation capabilities and better serve customer needs.
March 2021 Baerlocher is expanding its production site in Dewas in the Indian state of Madhya Pradesh. After the last expansion at the beginning of the year 2020, this new expansion is a strong commitment for the engagement of the Baerlocher Group in India.
Metal Carboxylates Market Segmentation
Metal Carboxylates Product Type Outlook
- Primary Drier Metals
- Through Drier Metals
- Auxiliary Drier Metals
- Cobalt
- Manganese
- Iron
- Others
Metal Carboxylates Application Outlook
- Catalysts
- Lubricant Additives
- Driers
- Plastic Stabilizers
- Polyester Accelerators
- Fuel Additives
- Others
Metal Carboxylates Regional Outlook
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North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Latin America
- Mexico
- Argentina
- Brazil
- Rest of Latin America
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Middle East & Africa
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GCC Countries
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South Africa
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Rest of Middle East & Africa
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