Press release
Asia Pacific Alkylated Naphthalene Market 2021-2027: Global Size, Share, Growth, Trends
Precision Business Insights published a research report on “Asia Pacific Alkylated Naphthalene Market: By Product Type (Sodium Sals, Condensates, Others), 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), and Geography- Global/Region/Country Forecast to 2027", The Asia Pacific alkylated naphthalene market anticipated to be valued at US$ XX Mn in the year 2020 and poised to grow at considerable CAGR rate over 2021-2027.Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Asia Pacific Alkylated Naphthalene Market: By Product Type (Sodium Sals, Condensates, Others), 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), and Geography- Global/Region/Country Forecast to 2027".
View detailed report description at https://precisionbusinessinsights.com/market-reports/asia-pacific-alkylated-naphthalene-market/
Automotive Sector increases the Demand for Asia Pacific Alkylated Naphthalene
Alkylated naphthalene is one of the favored lubricants in several different industrial and automotive applications. It has several advantages to provide such as seal compatibility, additive solvency, and hydrolytic stability, oxidative and increased thermal. All these significant factors positively affect the growth of market. It augments the performance of materials and delivers stability. On the other hand, high price of such chemicals hampers the market growth.
Increasing sentience about the revenues obtained by industrially developed lubricants is anticipated to drive the demand for alkylated naphthalene. Increasing visions of major manufacturers for launching innovative fluid additives like alkylated naphthalene because of its several advantages like high quality performance of engines in vehicles and fuel efficiency fuel the market trend. In addition, development in automotive as well as transportation industries is expected to impel the demand for alkylated naphthalene in the future. Increasing tendency of employing synthetic lubricants in a number of applications by OEMs is anticipated to fuel the growth of market. The alkylated naphthalene market is anticipated to increase in upcoming years due to the practice of fluid processing technologies and less carbon emission additives in automotive industry.
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China Witnesses larger revenue share in the Asia Pacific Alkylated Naphthalene Market
APAC provides a profitable growth because of the wide use of the products in numerous industries such as paints & coatings, textile, oil & gas, textile, construction, pharmaceuticals, pulp and paper and agrochemicals. In addition, availability of raw materials and low cost of labor enhances the regional market growth. China is leading the APAC market because of the growing population.
Competitive Analysis - Asia Pacific Alkylated Naphthalene Market
A few of the major key players operating in the Asia Pacific alkylated naphthalene market are Royal Dutch Shell plc,Mobil Corp,, BP Asia Pacific,Total S.A.,Chevron Corporation, Eni S.p.A,, Sinopec Corp,, Lukoil Oil,, Company Huntsman, Taiwan Dyestuffs & Pigments Corp and Idemitsu Kosan Co., Ltd. Leading players in alkylated naphthalene market enhance their customer base and increase product collection in the marketplace by following prominent strategies such as technological innovations, collaborations and acquisitions. For example, ExxonMobil completes the acquisition of the biggest aromatic plant company of the world obtains Jurong Aromatics Corporation plant in Singapore. Plant will allow cost-competitive growth of strategic aromatics business growth of ExxonMobil. Key players in the market focus on following strategies to retain their place in the market.
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