Zinc Dialkyldithiophosphates Additive Market 2022 Global Analysis, Research, Review, Applications and Forecast to 2030
Market Overview:
Zinc Dialkyldithiophosphates
Additive 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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