Lucintel Forecasts Metal Deactivator Market to Reach $XX Billion by 2028
According to the recent study the metal deactivator market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by growing need for metal deactivators to minimize fuel and lubricant degradation, growing demand for wind power driving the demand for metal deactivators as lubricant additive, and increasing demand of metal deactivators in aviation industry.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in metal deactivator market by metal type (copper, aluminum, alloys, and others), formulation (oil-soluble and water-soluble), application (gasoline, middle distillates, jet fuel, turbine, diesel, wire and cable insulation, heating oil, grease, hydraulic oils, and others), end use industry (food and beverages, oil and gas, automotive , aviation ,electrical and electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Copper market is expected to remain the largest segment during the forecast period.”
Based on metal type, the metal deactivator market is segmented into copper, aluminum, alloys, and others. Lucintel forecasts that the Copper market is expected to remain the largest segment due to copper is one of the most commonly found elements and when it gets oxidised causes undesirable physical or chemical changes in strength or other characteristics, and therefore requires to be deactivated for smooth functioning of products.
“Within the metal deactivator market, the gasoline segment is expected to remain the largest application”
Based on application the gasoline segment is expected to witness the highest growth over the forecast period due to the growing usage of this fuel and presence of metals like copper, iron, or nickel which are required to