The global alkylated naphthalene market was valued at USD 105.54 Million in 2021 and is anticipated to grow at USD 153.49 Million by 2028 recording a CAGR of 4.9% during the forecast period 2022-2028. Alkylated Naphthalene is a high-performance synthetic lubricant with excellent thermo-oxidative and hydrolytic stability, as well as good solubility and low volatility. They are formed when olefins react with a naphthalene nucleus to produce a base oil. It is, however, rarely used as a sole base oil. Alkylated Naphthalene has excellent hydrolytic resilience and is miscible with a wide range of synthetic hydrocarbons, including Polyalphaolefins. Grease, thickener, and additives all require alkylated naphthalene as a base oil.
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Lubricants are used extensively in the automotive industry. Furthermore, lubricant use is required in the automobile industry, which increases reliance on lubricants and alkylated naphthalene. The demand for commercial and passenger automobiles has been fuelled by rapid population growth and rising disposable income. In 2017, global automotive and commercial vehicle sales were 96.8 million units. The demand for finished lubricants as well as alkylated naphthalene is increasing as a result. Increased discretionary income and simple financing alternatives have made car ownership more accessible to the average person. As a result, the sales of four-wheelers is on the rise in emerging countries. Lubricants are required for these vehicles to operate smoothly. As a result, the demand for lubricants rises. Oil prices fluctuate due to a variety of economic variables such as crude oil overproduction, a slowdown in Chinese demand for oil, and changes in countries' energy portfolios. Because crude oil is used as an indirect raw material in the manufacture of alkylated naphthalene, price fluctuations in crude oil are reflected in the price of alkylated naphthalene. These variables have caused price and demand for alkylated naphthalene to fluctuate. The production and usage for alkylated naphthalene are constrained by the volatility of raw material costs.
The global alkylated naphthalene market segmentation:
- By Product Type: Sodium Salts, Condensates, Others
- By Application: Automotive and Stationary Engine Oils, Automotive and Industrial Gear Oils, High Temperature Chain Lubricants, Paper Machine Oils, Hydraulic Oils, Circulating Oils/Turbine Oils/R&O Oils, Screw Compressor Oils, Heat Transfer Oils, Windmill Oils and Greases, Automotive and Industrial
The alkylated naphthalene market is dominated by North America and Europe. In terms of value, the Asia Pacific market is expected to grow rapidly during the forecast period, led by Latin America and the Middle East and Africa. Because of increased demand for lubricants in the automobile industry and for these compounds in compressor oil applications, the market in Latin America is expected to grow significantly. Due to increased demand for lubricants in multiple end industries such as automotive, industrial, and mining, the markets in India, Canada, South Korea, and Mexico are expected to grow at a substantial rate over the forecast period.
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Some of the major key players in the Alkylated Naphthalene Market are Royal Dutch Shell plc, Mobil Corp, BP Global, Total S.A., Chevron Corporation, Eni S.p.A, Sinopec Corp, Lukoil Oil, Company Huntsman, Taiwan Dyestuffs & Pigments Corp, Idemitsu Kosan Co., Ltd
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