PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402654
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402654
The aluminum deoxidizer market size was valued at US$ 3.13 Bn in 2023 and is projected to reach US$ 4.61 Bn by 2030, growing at a CAGR of 5.7% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 3.13 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.70% | 2030 Value Projection: | US$ 4.61 Bn |
Deoxidizers are chemical compounds that oxidize or reduce metallic surfaces, thus preparing them for further processing. They are available in different forms, such as powder, liquid, and paste. These chemicals can be applied to a surface or immersed in a solution and left to react for a specific amount of time. They are used to remove traces of oxide, corrosion products, and welding fluxes on metal surfaces. They can be used to prepare aluminum parts for further processing, such as etching, anodizing, passivating, painting, and galvanizing. They are also used to improve the appearance of finished metals and prevent damage. Aluminum deoxidizers are chemical compounds that are added during the production of aluminum alloys to reduce the amount of dissolved oxygen in molten aluminum. Dissolved oxygen can react with aluminum at high temperatures to form aluminum oxides, which can weaken the mechanical and physical properties of aluminum castings and lead to problems like porosity and cracks. Common types of aluminum deoxidizers include sodium, calcium, strontium, barium, and titanium. By controlling the level of dissolved oxygen, aluminum deoxidizers help produce high-quality aluminum alloys with improved characteristics for various applications.
The aluminum deoxidizer market is expected to be driven by increasing demand from various industries such as food and beverage, automotive, pharmaceuticals, and power. Industrialization, urbanization, and an increase in the manufacturing sector are other key factors driving the growth of this market. Moreover, the demand for deoxidizers in water purifiers is anticipated to provide significant growth opportunities. Further increasing use of aluminum in various industries like transportation, packaging, construction and machinery owing to its light weight and corrosion resistance properties is also fueling market growth. However, strict environmental regulations pertaining to emissions from aluminum production plants can slightly restrain the market. On the positive side, the development of innovative deoxidizing agents with better performance attributes is opening up new opportunities for market players.
On the other hand, the availability of substitutes is expected to hamper market growth.
Aluminum Deoxidizer Market Detailed Segmentation: