Zinc Dialkyldithiophosphates Additive Market 2018: Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2023

13/apr/2018 12:31:49 Market Research Future Contatta l'autore

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Zinc Dialkyldithiophosphates Additive is used in the automotive industry as such as lubricants, 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.

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.

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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 Scenario

The various segments of the market are 75% during the forecast period. On the basis of the product type, the market is segmented into the 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.

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. CAGR, 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 in the region. Moreover, fueling the shift of automobile manufacturing hubs into the region fueling the market demand for ZDDP additives.

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