Global Alkylated Naphthalene Market

Global Alkylated Naphthalene Market was valued US$ XX Mn. in 2019 and is expected to grow US$ 157.5 Mn. by 2027, at a CAGR of XX% during the forecast period.

Global Alkylated Naphthalene Market

 

Global Alkylated Naphthalene Market

The report study has analyzed revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Market Overview:

Alkylated naphthalene is an excellent class of synthetic fluids with significant thermo-oxidative and hydrolytic dependability, low volatility, and good solvency attributes. Alkylated naphthalene is classified as Group-V base oil by the American Petroleum Institute. However, alkylated naphthalene is hardly used as the sole base oil. It is basically used in a lubricant formulation, replacing a portion of Group-II, Group-III, or PAO base oil. Incorporating alkylated naphthalene in a formulation increases the thermal and thermo-oxidative strength of the formulation. This improves the overall service life and performance of lubricants.

Market Dynamics:

The BRICS nations (Brazil, Russia, India, China, and South Africa) are expecting a serious increment in their GDP by the year 2022, which has led to the development of numerous sectors like automotive, energy, and industrial machinery. The development of these sectors has led to the demand for alkylated naphthalene in developing as well as developed economies. Also, rapid urbanization coupled with trade industrialization is another driver of the market. It is further expected that the alkylated naphthalene market will boost in the future because of the practice of using fluid processing technologies and low carbon emissions additives used in automotive industries.
On the other hand, uncertainty about the cost of raw materials used in the production of alkylated naphthalene limits the generation and demand of the same.

Market Segmentation:

By grade, the food-grade segment is expected to hold the largest market share of the global market by 2027. Because of alkylated naphthalene is broadly used to manufacture lubricants that are used in food processing plants. Food grade alkylated naphthalene is essential for applications where there is a chance of accidental food contact. Increasing consumption of processed food across the globe is driving the food processing. In terms of value, the standard grade alkylated naphthalene segment accounted for a noteworthy share of the global alkylated naphthalene market in 2018, thanks to the higher cost-to-performance ratio offered by these products.

Global Alkylated Naphthalene Market1

Region-wise, North America and Europe are some of the major markets that are also traditional suppliers of chemicals, like specialty chemicals, bulk chemicals, and so on. Key companies in this market are headquartered in North America and Europe. This region has been observing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The inclination towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have executed strict guidelines about environmental concerns and potential health hazards due to exposures.

This has been more instrumental in the European region of competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on. The Asia-Pacific is expected to register considerable growth in the alkylated naphthalene market during the forecast period. This demand mainly because of the growth of major end-use industries/Applications, like ABS, EDE, AHDHE (Check with End-Use Industry/Applications). Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, etc.

Industry Development:

In June 2018, ExxonMobil Corporation acquired PT Federal Karyatama (FKT), an Indonesia-based lubricant manufacturer, which is a major manufacturer of motorcycle lubricants in the world. The acquisition is expected to help ExxonMobil strengthen its position in the lubricant oils industry in Indonesia.

In June 2018, ExxonMobil and Synthetic Genomics Inc. announced a breakthrough in joint research on advanced biofuels involving the modification of an algae strain. This is expected to double biofuel oil content without significantly inhibiting the strain.

The objective of the report is to present a comprehensive analysis of the Global Alkylated Naphthalene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Alkylated Naphthalene Market dynamics, structure by analyzing the market segments and project the Global Alkylated Naphthalene Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Alkylated Naphthalene Market make the report investor’s guide.

 

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Scope of the Global Alkylated Naphthalene Market

Global Alkylated Naphthalene Market, By Grade

• Standard
• Food
Global Alkylated Naphthalene Market, By Viscosity Index

• 22–65 SUS
• 65–90 SUS
• 90–115 SUS
• Above 115 SUS
Global Alkylated Naphthalene Market, By Application

• Automotive Engine & Gear Oils
• Hydraulic Fluids
• Heat Transfer Oils
• Compressor Oils
• Paper Machine Oils
• Industrial Lubes & Greases
• Others (including turbine oils, wind mill oils, and vacuum oils)
Global Alkylated Naphthalene Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Alkylated Naphthalene Market

• Shanghai NACO Lubrication Co., Ltd.
• ExxonMobil Corporation
• King Industries Inc.
• Quaker Chemical Corporation
• NACO Corporation
• Huntsman Corporation
• Kao Corporation
• NOVITAS CHEM SOLUTIONS, LLC.
• Nease Co. LLC.
• Akzo Nobel N.V.
• GEO Specialty Chemicals, Inc.

 

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