Press release
300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market To Generate $231.2 Million Revenue by 2030
The market is currently driven by the surging preference of lubricant manufacturers for calcium sulphonate over lithium sulphonate for grease production, owing to the implementation of numerous environmental protection legislations. The increasing use of calcium sulphonate as a thickener in grease-based products, such as automobile and industrial lubricants can be credited to its high mechanical and shear strength and dropping point. Moreover, the exceptional resistance of the salt to oxidation, temperature, wear, and water also makes it ideal for being used as a thickener in lubricants.
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In recent years, the players operating in the 300–450 TBN calcium, barium, and magnesium sulphonates market have been focusing on mergers and acquisitions to expand their geographical presence and product portfolio. For instance, in June 2018, Exxon Mobil Corporation acquired PT Federal Karyatama for $436.0 million to expand its presence in Indonesia. Likewise, in February 2020, FUCHS PETROLUB SE. FUCHS completed the acquisition of Nye Lubricants Inc. to add new products to its specialty lubricant portfolio.
The type segment of the 300–450 TBN calcium, barium, and magnesium sulphonates market is categorized into barium sulphonate, calcium sulphonate, and magnesium sulphonate. Among these, the calcium sulphonate category will account for the largest market share during the forecast period, because calcium sulphonate is resistant to circulating oils, industrial lubricants, and hydraulic fluids. Additionally, the chemical also exhibits wet filterability, demulsibility, hydraulic stability, exceptional stability under extreme pressure, high-load bearing capacity, and excellent thickening characteristics.
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Globally, Asia-Pacific (APAC) is expected to hold the largest share in the 300–450 TBN calcium, barium, and magnesium sulphonates market throughout the forecast period. This will be due to the burgeoning demand for passenger cars and commercial vehicles in the region. The turbocharged direct-injection engines being deployed in passenger cars require greases and lubricants with strong additives, such as calcium sulphonate. Moreover, the rapid economic progress of India and China and the booming industrial sector will also augment the demand for calcium, magnesium, and barium sulphonates in the region in the coming years.
Thus, the increasing use of calcium sulphonate in grease production will augment the market growth in the foreseeable future.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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