Market Overview:
The global metal drying agent market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for metal drying agents from various end-use industries, such as coatings, paints, and inks. In addition, the growing demand for these agents in emerging economies is also contributing to the growth of this market. Based on type, cobalt-based metal drying agents are expected to lead the global market during the forecast period. This can be attributed to their superior properties such as thermal stability and corrosion resistance. Based on application, coatings are expected to account for a major share of the global metal drying agent market during 2018–2030 owing to their high usage across various industries such as automotive and construction.
Product Definition:
A metal drying agent is a substance used to remove water or other liquids from metal parts or objects. It is important because it helps to prevent corrosion and rusting.
Cobalt:
Cobalt is a chemical element produced by the ores of minerals such as copper and nickel. It has six different forms namely, cobaltite, coberythrite, kobellsttne, tennessine, and thocubitaine. The most common form of this metal is called ferro cobalto which has an appearance similar to rust on iron.
Zirconium:
Zirconium is a chemical element that occurs in crystalline form and has a bright yellow color. It is a soft metal that easily dissolves in acids. Zirconium forms various minerals such as baddeleyite, zircon, zirconolane, and zirconshale; the different forms of which are used for producing glass wool, ceramics glazes & paints & coatings and abrasive materials.
Application Insights:
In terms of volume, the coating application led the global market with a share of over 40.0% in 2017. Metal drying agent is used for various applications including coatings, paints and inks on account of their ability to remove moisture from metals and other materials without any damage or change in properties. The coating segment is anticipated to witness growth at a CAGR exceeding 6% from 2018 to 2030 owing to rising demand for metal-based coatings that are utilized across several end-use industries such as construction & building, automotive & transportation and consumer goods among others.
The paint segment accounted for nearly 19% share in 2017 due to increasing demand for industrial machinery along with rapid urbanization leading to an increase in infrastructure spending globally coupled with growing construction activities across developing countries such as India and China are expected drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global metal drying agent market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing industrialization and rapid urbanization. In addition, rising disposable income coupled with a growing population will drive demand for consumer goods, which will further propel industry expansion.
The Asia Pacific was followed by Europe in terms of revenue and volume share in 2017 as both regions are anticipated to grow at approximately 2% CAGR from 2018 to 2030 due to high product utilization across various end-use industries such as automotive, electronics, construction & housing. Increasing government initiatives towards infrastructure development is projected favorably impact industry growth over the coming years.
North America accounted for a major market share owing to high consumption levels of metals such as aluminum and steel that require periodic dryers throughout their production process along with other applications including food & beverages cans/bottles/tins and pharmaceutical packaging material used during transportation or storage processes among others).
Growth Factors:
- Increasing demand for metal drying agent from end-use industries such as automotive, aerospace, and construction to meet the rising requirement of high-quality products.
- Growing investments in research and development by key players to develop new and innovative products that can cater to the specific needs of various end-use industries.
- Rising awareness among consumers about the benefits of using metal drying agent over other alternatives for improving product quality and performance.
- Expansion of distribution networks by leading players to increase their reach across key markets worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Drying Agent Market Research Report
By Type
Cobalt, Zirconium, Calcium, Manganese, Zinc, Other
By Application
Coating, Paint, Ink, Other
By Companies
VECTRA, Umicore, Dow, Ege Kimya, DIC Corp, Aryavart Chemicals, Comar Chemicals, Troy Corporation, Toei Chemical, Shepherd Chemical, Pondy Oxides & Chemicals, Shenyang Zhangming, Hunan Xiangjiang, Shanghai Changfeng, Shanghai Minghuan, Hangzhou Right, Tianjin Paint Packing, Hebei First, Xiangyang Dongda, Henan Qingan, Boye Qunli, Xianju Fusheng, Dalian First Organic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Metal Drying Agent Market Report Segments:
The global Metal Drying Agent market is segmented on the basis of:
Types
Cobalt, Zirconium, Calcium, Manganese, Zinc, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Paint, Ink, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- VECTRA
- Umicore
- Dow
- Ege Kimya
- DIC Corp
- Aryavart Chemicals
- Comar Chemicals
- Troy Corporation
- Toei Chemical
- Shepherd Chemical
- Pondy Oxides & Chemicals
- Shenyang Zhangming
- Hunan Xiangjiang
- Shanghai Changfeng
- Shanghai Minghuan
- Hangzhou Right
- Tianjin Paint Packing
- Hebei First
- Xiangyang Dongda
- Henan Qingan
- Boye Qunli
- Xianju Fusheng
- Dalian First Organic
Highlights of The Metal Drying Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt
- Zirconium
- Calcium
- Manganese
- Zinc
- Other
- By Application:
- Coating
- Paint
- Ink
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Metal Drying Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Metal drying agent is a chemical that helps remove moisture from metals. It can be used to dry metal parts, such as screws, bolts and nails.
Some of the key players operating in the metal drying agent market are VECTRA, Umicore, Dow, Ege Kimya, DIC Corp, Aryavart Chemicals, Comar Chemicals, Troy Corporation, Toei Chemical, Shepherd Chemical, Pondy Oxides & Chemicals, Shenyang Zhangming, Hunan Xiangjiang, Shanghai Changfeng, Shanghai Minghuan, Hangzhou Right, Tianjin Paint Packing, Hebei First, Xiangyang Dongda, Henan Qingan, Boye Qunli, Xianju Fusheng, Dalian First Organic.
The metal drying agent market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal Drying Agent Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Metal Drying Agent Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metal Drying Agent Market - Supply Chain
4.5. Global Metal Drying Agent Market Forecast
4.5.1. Metal Drying Agent Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Drying Agent Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Drying Agent Market Absolute $ Opportunity
5. Global Metal Drying Agent Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Metal Drying Agent Market Size and Volume Forecast by Type
5.3.1. Cobalt
5.3.2. Zirconium
5.3.3. Calcium
5.3.4. Manganese
5.3.5. Zinc
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal Drying Agent Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Metal Drying Agent Market Size and Volume Forecast by Application
6.3.1. Coating
6.3.2. Paint
6.3.3. Ink
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal Drying Agent Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Metal Drying Agent Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Metal Drying Agent Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Metal Drying Agent Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Metal Drying Agent Demand Share Forecast, 2019-2026
9. North America Metal Drying Agent Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Metal Drying Agent Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Metal Drying Agent Market Size and Volume Forecast by Application
9.4.1. Coating
9.4.2. Paint
9.4.3. Ink
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal Drying Agent Market Size and Volume Forecast by Type
9.7.1. Cobalt
9.7.2. Zirconium
9.7.3. Calcium
9.7.4. Manganese
9.7.5. Zinc
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Metal Drying Agent Demand Share Forecast, 2019-2026
10. Latin America Metal Drying Agent Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Metal Drying Agent Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Metal Drying Agent Market Size and Volume Forecast by Application
10.4.1. Coating
10.4.2. Paint
10.4.3. Ink
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal Drying Agent Market Size and Volume Forecast by Type
10.7.1. Cobalt
10.7.2. Zirconium
10.7.3. Calcium
10.7.4. Manganese
10.7.5. Zinc
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Metal Drying Agent Demand Share Forecast, 2019-2026
11. Europe Metal Drying Agent Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Metal Drying Agent Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Metal Drying Agent Market Size and Volume Forecast by Application
11.4.1. Coating
11.4.2. Paint
11.4.3. Ink
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Drying Agent Market Size and Volume Forecast by Type
11.7.1. Cobalt
11.7.2. Zirconium
11.7.3. Calcium
11.7.4. Manganese
11.7.5. Zinc
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectios by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Metal Drying Agent Demand Share, 2019-2026
12. Asia Pacific Metal Drying Agent Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Metal Drying Agent Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Metal Drying Agent Market Size and Volume Forecast by Application
12.4.1. Coating
12.4.2. Paint
12.4.3. Ink
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal Drying Agent Market Size and Volume Forecast by Type
12.7.1. Cobalt
12.7.2. Zirconium
12.7.3. Calcium
12.7.4. Manganese
12.7.5. Zinc
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Metal Drying Agent Demand Share, 2019-2026
13. Middle East & Africa Metal Drying Agent Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Metal Drying Agent Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Metal Drying Agent Market Size and Volume Forecast by Application
13.4.1. Coating
13.4.2. Paint
13.4.3. Ink
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal Drying Agent Market Size and Volume Forecast by Type
13.7.1. Cobalt
13.7.2. Zirconium
13.7.3. Calcium
13.7.4. Manganese
13.7.5. Zinc
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Metal Drying Agent Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Drying Agent Market: Market Share Analysis
14.2. Metal Drying Agent Distributors and Customers
14.3. Metal Drying Agent Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. VECTRA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Umicore
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ege Kimya
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DIC Corp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aryavart Chemicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Comar Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Troy Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toei Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shepherd Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pondy Oxides & Chemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shenyang Zhangming
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hunan Xiangjiang
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shanghai Changfeng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Minghuan
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hangzhou Right
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tianjin Paint Packing
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hebei First
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xiangyang Dongda
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Henan Qingan
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
