The global alkylated naphthalene market was valued at US$ 106.3 million in 2019 and is predicted to reach US$ 182.1 million by 2028; witnessing a CAGR of 4.9 % during the forecast period from 2021 – 2028. Naphthalene is termed as a white coloured solid hydrocarbon with volatility obtained from coal tar or petroleum distillation. Alkylated Naphthalene is high performing lubricating fluid with higher stability, solubility and low volatility characteristics. Alkylated Naphthalene is needed as a base oil for marking oil grease, thickener or additives.
Rapid advancement and industrialization outcomes for the evolution of machinery in industries, energy and automotive sectors augment for the need for alkylated naphthalene and lubricants. Rising passenger accompanied by more commercial vehicles globally and surge for more enhanced lubricants is projected to drive the alkylated naphthalene market. Rising global trade internationally demands for more lubricants from sectors like marine and transport which urges for more alkylated naphthalene. Alkylated naphthalene is widely used as an alterant in diverse base lubricants. However, ambiguity in cost of raw material used for the production of alkylated naphthalene impacts the end product prices; thus hindering the market growth. Polyapphaolefins and polyalklene glycol are the synthetic fluids available alternative to alkylated naphthalene with also restricts the market growth.
Various development by leading players via acquisitions, collaboration and partnership results in product growth due to growing product awareness among consumers. New products paved new ways for the players operating in the alkylated naphthalene market offering huge opportunities during the forecast period. Approach towards establishing strong distribution channel results in garnering more revenue in the market.
Global alkylated naphthalene market report is segmented by analysis based upon grade, application, viscosity index and region. By grade, the repost bifurcates into standard and food. Based on application usage, the market is categorised into heat transfer oils, industrial lubes & greases, heat transfer oils, hydraulic fluids, compressor oils, paper machine oils and others. By viscosity index, the reports segments into (22 – 65) SUS, (65 – 90) SUS, (90 – 115) SUS and above 115 SUS. Based on regional insights, the global alkylated naphthalene market categorised into North America (U.S, Canada), Europe (Germany, France, UK, Russia, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea Rest of Asia Pacific), Rest of the World
The major key players involved in the alkylated naphthalene market are ExxonMobil Corporation, Kao Corporation, Akzo Nobel N.V., Huntsman Corporation, GEO Speciality Chemicals Inc., King Industries Inc., NACO Corporation, Quaker Chemical Corporation, Novitas Chemical solutions, Nease Co. LLC. and Shanghai Chemical Corporation among others.
Segmentation and Scope of the Global Alkylated Naphthalene Market
Global alkylated naphthalene market is segmented by grade, application, viscosity index and region.
By Viscosity Index
Prominent players in the Global Alkylated Naphthalene Market among other includes