What is Global Metal Drier Market?
The Global Metal Drier Market is an expansive and dynamic sector that encompasses a wide range of products. These products, known as metal driers, are substances that promote, control, or regulate the rate of drying in paints, inks, and coatings. They are typically made from metals such as cobalt, zirconium, calcium, manganese, and zinc. These metal driers play a crucial role in the drying process of various products, ensuring that they dry evenly and at the right speed. Without these driers, paints, inks, and coatings would take much longer to dry, which could lead to a host of issues, including uneven application and poor product performance.
Cobalt, Zirconium, Calcium, Manganese, Zinc, Other in the Global Metal Drier Market:
The Global Metal Drier Market is segmented based on the type of metal used in the drier. The main types include cobalt, zirconium, calcium, manganese, and zinc. Each of these metals has unique properties that make them suitable for different applications. For instance, cobalt is known for its excellent drying properties and is widely used in the paint industry. Zirconium, on the other hand, is valued for its resistance to corrosion and is commonly used in coatings. Calcium is another important metal in this market, known for its role in promoting the hardness and durability of products. Manganese and zinc are also used in various applications, with manganese often used in inks and zinc in coatings.
Paint, Ink, Coating, Others in the Global Metal Drier Market:
The Global Metal Drier Market finds its applications in a variety of sectors, including paint, ink, coating, and others. In the paint industry, metal driers are used to ensure that the paint dries at the right speed and evenly. This is crucial for the performance of the paint, as uneven drying can lead to issues such as cracking or peeling. In the ink industry, metal driers are used to control the drying time of the ink, ensuring that it dries quickly enough for efficient printing but not so quickly that it clogs the printing equipment. In the coating industry, metal driers are used to promote the hardness and durability of the coating, ensuring that it can withstand the rigors of use. Other applications of metal driers include use in varnishes, sealants, and adhesives.
Global Metal Drier Market Outlook:
The Global Metal Drier Market, as of 2022, was valued at US$ 1790 million. It is projected to reach a value of US$ 1975.3 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 1.4% from 2023 to 2029. This growth is driven by the increasing demand for metal driers in various industries, particularly in the coating industry, which accounts for about 75% of the market. The market is dominated by the top 3 players, who collectively hold about 15% of the global market share. Cobalt-based metal driers are the most popular type, accounting for about 55% of the market.
| Report Metric | Details |
| Report Name | Metal Drier Market |
| Accounted market size in 2023 | US$ 1790 million |
| Forecasted market size in 2030 | US$ 1975.3 million |
| CAGR | 1.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
