Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Global Metal Carboxylates Market: Market Size, Trends, Opportunities and Forecast by Application, Product Type, Distribution Channel, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.
This report highlights different factors and opportunities prevailing in the Global Metal Carboxylates Market. According to the report, the Global Metal Carboxylates Market was valued at USD 5.89 billion in 2023, and is expected to grow at a CAGR of 6.3% during 2025-2030.
The market has been growing steadily due to its wide range of applications across various industries, including coatings, inks, plastics, and lubricants. The market is driven by the increasing demand for efficient catalysts in the chemical industry and the expanding use of metal carboxylates in coatings and paints due to their excellent drying properties.
One of the primary drivers of the Metal Carboxylates market is the growing demand from the paints and coatings industry. Metal carboxylates are used as driers in alkyd-based paints, accelerating the drying process and improving film hardness. The rising construction activities and automotive production globally are further driving the demand for paints and coatings, thereby boosting the metal carboxylates market.
The market is also influenced by the growing focus on sustainable and environmentally friendly products. Manufacturers are developing eco-friendly metal carboxylates with low toxicity and reduced environmental impact to meet regulatory standards and consumer preferences. This trend is expected to create new opportunities for market players.
Market Segmentation
By Application:
- Unsaturated Polyester
- Paints and Printing Inks
- Lubricating Oils and Greases
- Urethane
- Other Applications
By Product Type:
- Cobalt
- Manganese
- Nickel
- Zinc
By type, cobalt carboxylates hold the largest market share, accounting for approximately 40% of the Metal Carboxylates market in 2023. Cobalt carboxylates are widely used as oxidation catalysts in the production of inks, paints, and coatings due to their high efficiency. Manganese and calcium carboxylates are also significant segments, used for their anti-skinning and stabilizing properties.
By Distribution Channel:
- Direct Sales
- Distributors
By Geography
- Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
- Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia-Pacific)
- Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)
Americas is a leading market for Metal Carboxylates, driven by strong demand from the paints and coatings industry, particularly in the United States. The presence of major manufacturers and continuous advancements in chemical production technologies support market growth in this region.
Asia-Pacific is expected to witness the highest growth rate due to rapid industrialization, increasing construction activities, and the growing automotive industry. Countries like China, India, and Japan are key markets for metal carboxylates, supported by expanding manufacturing sectors and a rising demand for high-performance coatings and paints.
Key Companies
The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Metal Carboxylates include:
- DURA Chemicals, Inc.
- NICHIA CORPORATION
- Borchers Inc.
- Comar Chemicals
- EGE KIMYA
- The Shepherd Chemical Company
- Baerlocher
- Organometals
- DIC CORPORATION
- Nihon Kagaku Sangyo
- Other Leading Companies
Reasons to buy this report:
- In-Depth Comparative Assessment of Top 20 Markets in the Metal Carboxylates Market Product Type: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
- Comprehensive Historical, Present, and Future Analytics of the Metal Carboxylates Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Metal Carboxylates Market.
- Detailed Analysis of Metal Carboxylates Market By Application, Product Type, and Distribution Channel Across 20 Countries.
- Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM).
- Strategic Product Type Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.
For more information about this report visit https://www.researchandmarkets.com/r/61uby5
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