Metal Carboxylates Market Size To Reach $7.91 Billion By 2030

February 2025 | Report Format: Electronic (PDF)

Metal Carboxylates Market Growth & Trends

The global metal carboxylates market size is anticipated to reach USD 7.91 billion by 2030, growing at a CAGR of 5.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The demand for metal carboxylates is increasing due to their use in paints, inks, and coatings, particularly in the automotive and construction sectors, which is fueling demand for metal carboxylates as driers and stabilizers.

The cobalt segment dominated the market with a revenue share of 39.3% in 2024, during the forecast period. The cobalt technology segment in the metal carboxylates market is widely used as a drier in coatings, paints, and inks, enhancing oxidative curing and film durability. It plays a crucial role in alkyd-based formulations, ensuring faster drying times and improved performance. However, increasing environmental regulations and the push for sustainable alternatives are driving research into lower-toxicity replacements, impacting market dynamics.

The catalyst segment dominated the market with a revenue share of 35.6% in 2024, during the forecast period. The catalysts segment in the metal carboxylates market is essential for enhancing reaction efficiency in chemical synthesis, polymerization, and oxidation processes. Metal carboxylates, such as cobalt, manganese, and zinc-based compounds, are widely used in petrochemicals, coatings, and pharmaceutical industries. Growing demand for high-performance and sustainable catalytic solutions is driving market expansion, particularly in industrial and environmental applications.

Asia Pacific dominated the market with a market share of 48.2% in 2024, during the forecast period. The Asia-Pacific region leads the metal carboxylates market, driven by rapid industrialization, rising automotive production, and expanding construction activities. Growing demand for high-performance coatings, lubricants, and polymer stabilizers is a key factor propelling market growth. Additionally, increased investments in manufacturing and infrastructure development further strengthen the region’s market expansion.

Some of the prominent players in the metal carboxylates market include BASF SE, Ege Kimya San. ve Tic. A.S, Elementis plc, Organometals, Arkema Group, PMC Group, Inc., Valtris Specialty Chemicals, Penta Manufacturing Company, Dow, and DIC Corporation.

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Metal Carboxylates Market Report Highlights

Based on technology, the manganese segment is expected to grow at the fastest CAGR of 6.0% during the forecast period. Manganese carboxylates offer excellent oxidative curing properties while complying with stringent environmental regulations. Growing demand for sustainable and high-performance coatings in the automotive and construction industries is a key driver for this segment
Asia Pacific is the dominant region for the metal carboxylates market with a revenue share of 36.8% in 2024. This growth is attributed to rapid industrialization, expanding construction activities, and increasing demand for marine coatings and automotive coatings. Countries like China, India, and Japan are driving demand through infrastructure development and rapid industrialization in the region
In September 2022, Eastman acquired Taminco, a leading producer of alkylamines and metal carboxylates, for USD 2.8 billion. This acquisition aims to enhance Eastman's position in the specialty chemicals market, particularly in high-performance metal carboxylates for industrial and agricultural applications