Alkylated Naphthalene Market Analysis by Size, Share, Growth, Trends and Forecast 2032
The market value for global Alkylated Naphthalene Market was valued at USD 481.2 Million in 2022, and it is projected to attain a value of USD 745.9 Million by 2032, exhibiting a steady growth rate of 4.2% throughout the forecast period. This increasing demand for alkylated naphthalene can be attributed to its exceptional properties, such as its high thermal stability, low volatility, and excellent compatibility with other additives. These qualities make it a sought-after lubricant additive across diverse industries, including automotive, aerospace, and marine.
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Major Companies:
- ExxonMobil
- Chevron
Phillips Chemical Company
- King
Industries, Inc.
- Kao
Corporation
- Jiangsu
Jintan Chemical Co., Ltd.
- Kost USA,
Inc.
- NACO
Corporation
- Nanjing
Datang Chemical Co., Ltd.
- Nippon Seiro
Co., Ltd.
- Zibo
Shengyuan Chemical Co., Ltd.
Some Key Highlights from the Report
- In the year 2021, industrial lubricants held the top position as
the most prominent application category within the global Alkylated
Naphthalene Market. This prevailing trend is anticipated to persist
throughout the forecasted period. The credit for this can be largely
attributed to the exceptional qualities of alkylated naphthalene as an
industrial lubricant. These qualities encompass a high viscosity index,
superior oxidative stability, outstanding low-temperature fluidity, and
compatibility with a diverse range of materials. Consequently, alkylated
naphthalene stands out as a highly favorable choice for various industrial
applications, including hydraulic fluids, gear oils, compressor oils, and
metalworking fluids.
- Alkylated naphthalene plays a substantial role in the automotive
sector as an additive to engine oils, serving lubrication purposes. Its
adoption in automotive applications is greatly favored due to its
impressive attributes, which encompass robust thermal and oxidative
stability, efficient wear prevention, and effective deposit management.
Furthermore, the surge in demand for fuel-efficient vehicles and the
heightened emphasis on reducing carbon emissions are expected to be key
factors driving the demand for alkylated naphthalene within the automotive
industry.
- North America is projected to maintain its dominant position in the
Alkylated Naphthalene Market. This supremacy is primarily attributed to
the growing requirement for alkylated naphthalene across a range of
industries, including automotive, aerospace, and electronics. Notably,
alkylated naphthalene is employed as a coolant in Electric Vehicle (EV)
batteries, and its demand is expected to surge with the increasing
adoption of EVs in the region. Furthermore, the eco-friendliness of
alkylated naphthalene in comparison to traditional heat transfer fluids
aligns with the region's stringent regulations on greenhouse gas
emissions, further augmenting its demand.
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Alkylated Naphthalene Market Segmentation:
By Application Outlook:
- Industrial Lubricants
- Transformer Oil
- Heat Transfer Fluids
- Greases
- Others
By End-use Industry Outlook:
- Automotive
- Power Generation
- Chemical
- Construction
- Others
Regional scope: North America;
Europe; Asia Pacific; Latin America ; Middle East & Africa
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