Product differentiation through research and development is the major growth strategy amongst the large players in the market. Along with this, players in the metal modifiers markets are forming joint ventures for the increasing their geographical reach and to sustain in the intensive competition in the market.

Global Metal Modifiers Market Segmentation

On the basis of types, the global metal modifiers market can be segmented as:

Coatings

Adhesives

Lubricants

Other Materials

On the basis of application, the global metal modifiers market can be segmented as:

Corrosion Protection

Abrasion Resistance

Friction Modification

Impact Modification

On the basis of end use industry, the global metal modifiers market can be segmented as:

Automotive

Aerospace & Defense

Manufacturing

Building and Infrastructure

Other Industries

Metal Modifiers Market: Regional Outlook

Large industrial infrastructure in the Asian region, makes it a leading regional market of metal modifiers. Owing to high growth of end use industries in this region. Asia Pacific Automotive market in particular is gaining significant traction for consumption of metal modifiers in the last few years, which is pushing the metal modifiers market at a significant rate. North America follows Asia Pacific, in terms of total demand for metal modifiers. Large industrial base significant industry growth and increasing standards in the industrial manufacturing, are some of the drivers for metal modifiers, in North America. Large automotive industry in Europe, makes it contribute a significant share in the global metal modifiers market. Stringent regulations in the European region and high focus on the sustainable practices by the industrial players in the European region is expected to push the metal modifiers market in this region. Latin America and Middle East & Africa collectively account for very small share compared to other regions, however high growth is expected in the metal modifiers market in Middle East & Africa.

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Global Metal Modifiers Market Participants

Some of the market participants identified across the value chain of global metal modifiers market are:

Solvay

Evonik

Arkema

Croda International Plc

Dorf Ketal

Efficiamax