Zinc Dialkyldithiophosphates Additive Market -Industry News, Applications and Trends!
Zinc Dialkyldithiophosphates Additive Market is used in the automotive industry application such as lubricants, greases, corrosion inhibitors, and antioxidants among others. It is extensively used in the lifter bores, camshaft lobes, rod bearings, and main bearings. Thus, the growth in automobile production across the globe is vitally contributing to the growth of the global zinc dialkyldithiophosphates additive market.
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Competitive Analysis
Some of the prominent players operating in the
global zinc dialkyldithiophosphates additive market are Afton Chemical
(U.S.), Chevron Oronite Company LLC (U.S.), Infineum International Limited
(Singapore), Chevron Corporation (U.S.), AMSOIL INC (U.S.) The Lubrizol
Corporation (U.S.), and Prasol Chemicals Pvt. Ltd (India), Camguard (U.S.), and
BASF SE (Germany) among others.
Market Segmentation
The global zinc dialkyldithiophosphates additive
market is segmented into product type, application end-use industry, and
region. On the basis of the product type, the market is segregated into primary
alkyl zinc dialkyldithiophosphates and secondary alkyl zinc dialkyldithiophosphates.
On the basis of the application, the global market is segmented into anti-wear
additives, corrosion inhibitors, antioxidants, and others. On the basis of the
end-user industry, the market is segmented into automotive and industrial. The
market by region is further segmented into Asia Pacific, North America, Europe,
Latin America, the Middle East and Africa.
Market Scenario
Among the various end-use segment, the
automobile is anticipated to be the largest segment with a market share of above
75% during the forecast period. On the basis of the product type, the market is
segmented into primary and secondary alkyl zinc dialkyldithiophosphates.
Primary alkyl ZDDP has advantages such as better thermal stability but is less
efficient in terms of hydrolytic stability and anti-wear protection. The
secondary alkyl ZDDP offers better hydrolytic stability and antiwear
protection. Moreover, the secondary alkyl ZDDP additives are extensively used
in applications extreme pressure applications.
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Regional Analysis
The global Zinc dialkyldithiophosphates additive
market is spanned across five key regions: Asia Pacific, North America, Europe,
Latin America and the Middle East & Africa. Among these, Asia Pacific
holds a major share of the market and is expected to be the fastest growing
region at an expanding CAGR. The developing automobile sector, especially in
India, China, and Japan, is anticipated to be the key factor surging the demand
in this region. Moreover, the encouraging government regulations along with the
availability of cheap raw material and labor has resulted in the shifting of
automobile manufacturing hubs into the region further fuelling the market
demand for ZDDP additives.
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