Europe Alkylated Naphthalene Market Leading Player 2022-28
The europe alkylated naphthalene market size was valued at USD X billion in 2021 and is poised to grow at a significant CAGR of X% from period 2022-28. Alkylation of naphthalene in the presence of catalysts produces alkylated naphthalene, which is utilised in lubricant-grade oils. The American Petroleum Institute classifies alkylated naphthalene as a Group-V base oil (API). Alkylated naphthalene, on the other hand, is rarely utilised as a solitary base oil. It is typically used to replace a portion of a Group-II, Group-III, or PAO base oil in lubricant formulations. The addition of alkylated naphthalene to a formulation increases its thermal and thermo-oxidative stability. Lubricants' overall shelf life and performance are improved as a result of this.
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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 need for passenger and commercial automobiles has been fueled by rapid population growth and rising disposable income. In 2017, global automotive and commercial vehicle sales were 96.6 million units. The demand for finished lubricants and 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 sale 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 production 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 demand for alkylated naphthalene are constrained by the volatility of raw material costs.
The europe alkylated naphthalene market segmentation:
1) By Product Type: Sodium Sals, Condensates, Others.
2) 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.
Due to increased demand for lubricants in the automobile industry and for these chemicals in compressor oil applications, the market in Europe is expected to grow significantly.
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There are several industry players working in the Europe Alkylated Naphthalene Market, which include Royal Dutch Shell plc, Mobil Corp, BP Europe, Total S.A., Chevron Corporation, Eni S.p.A, Sinopec Corp,
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