Global Metal Carboxylate Market Size Worth USD 9.35 Billion By 2033 | CAGR Of 5.62%
Category: Chemicals & MaterialsGlobal Metal Carboxylate Market Size Worth USD 9.35 Billion By 2033 | CAGR Of 5.62%
According to a research report published by Spherical Insights & Consulting, the Global Metal Carboxylate Market Size is Expected to Grow from USD 5.41 Billion in 2023 to USD 9.35 Billion by 2033, at a CAGR of 5.62% during the forecast period 2023-2033.
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Browse key industry insights spread across 212 pages with 110 Market data tables and figures & charts from the report on the "Global Metal Carboxylate Market Size, Share, and COVID-19 Impact Analysis, By Technology (Primary Drier Metals, Through Drier Metals, Auxiliary Drier Metals, Cobalt, Manganese, Iron, and Other), By End-use (Catalysts, Lubricant Additives, Driers, Plastic Stabilizers, Polyester Accelerators, Fuel Additives, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/metal-carboxylate-market
The metal carboxylate market refers to the commercial exchange of chemical compounds called metal carboxylates, which are formed by the combination of metal and carboxylate ions and are widely used in coatings, petrochemicals, and pharmaceutical industries. Metal carboxylates are necessary for many industrial processes, such as the manufacturing of catalysts, lubricants, coatings, and polymers. The increasing usage of metal carboxylates in ozone-catalytic oxidation solutions, which propels developments in green chemistry is one noteworthy trend in this sector. The increasing R&D activities related to carboxylates along with the preference for sustainable and bio-based alternatives are providing lucrative market growth opportunities. The rising demand for high-performance coatings, lubricants, and polymer stabilizers is driving the metal carboxylate market. The market for coatings, which in turn drives the demand for metal carboxylates to a greater extent, thereby promoting market growth. However, the increased production cost of metal carboxylate owing to the increased prices of raw materials such as metal salts and organic acids is challenging the metal carboxylate market.
The cobalt segment dominated the global metal carboxylate market with the largest revenue share of 39.3% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the technology, the global metal carboxylate market is divided into primary drier metals, through drier metals, auxiliary drier metals, cobalt, manganese, iron, and other. Among these, the cobalt segment dominated the global metal carboxylate market with the largest revenue share of 39.3% in 2023 and is expected to grow at a significant CAGR during the forecast period. Cobalt technology of metal carboxylate as a drier is widely used in coatings, paints, and inks to enhance oxidative curing and film endurance.
The catalysts segment dominated the market with the largest market share of 35.6% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-use, the global metal carboxylate market is divided into catalysts, lubricant additives, driers, plastic stabilizers, polyester accelerators, fuel additives, and others. Among these, the catalysts segment dominated the market with the largest market share of 35.6% in 2023 and is expected to grow at a significant CAGR during the forecast period. Alkyd resins, unsaturated polyester resins, and polyurethane are among the curing paints and resins that use metal carboxylate mostly as a catalyst in polymerization reactions.
Asia Pacific is projected to hold the largest share of the global metal carboxylate market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global metal carboxylate market over the forecast period. The application of metal carboxylate in the lubricants and coatings manufacturing in the automotive sector is driving the market. The rapid industrialization, construction, and oil & gas industries in the region are responsible for propelling the regional market growth.
North America is predicted to grow at the fastest CAGR in the metal carboxylate market over the forecast period. The expanding paints & printing inks sector along with the growing income, urbanization, and increased trade activities are driving the metal carboxylate market. The rising construction activity and growing automotive production lead to drive the demand for the product, thereby propelling the market growth.
Major key players in the metal carboxylate market include Organometals, DIC Corporation, DURA Chemicals, Inc., NICIA Corporation, Comar Chemicals, BASF SE, Dow, Ege Kimya San. ve Tic. A.S, Elementis plc, Arkema Group, PMC Group, Inc., Valtris Specialty Chemicals, Penta Manufacturing Company, The Shepherd Chemical Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In October 2023, At its Nansha facility in China, Arkema announced a major capacity expansion. The aim of this extension is to boost the production capacity of high-performance materials, particularly sophisticated coatings and polymers that can withstand high temperatures.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global metal carboxylate market based on the below-mentioned segments:
Global Metal Carboxylate Market, By Technology
- Primary Drier Metals
- Through Drier Metals
- Auxiliary Drier Metals
- Cobalt
- Manganese
- Iron
- Other
Global Metal Carboxylate Market, By End-use
- Catalysts
- Lubricant Additives
- Driers
- Plastic Stabilizers
- Polyester Accelerators
- Fuel Additives
- Others
Global Metal Carboxylate Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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