Alkylated Naphthalene Market Witness Revolutionary Growth By 2028

Precision Business Insights published a research report on “Alkylated Naphthalene Market: By Product Type (Sodium Salts, 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) - Global/Region/Country Forecast to 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.

View detailed report description here https://precisionbusinessinsights.com/market-reports/global-alkylated-naphthalene-market/

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.

On the basis of Grade, the market is categorized into Food and Standard. On the basis of Viscosity Index, the market is classified into 22–65 SUS, 65–90 SUS, 90–115 SUS, Above 115 SUS. On the basis of Application, the market is fragmented into Heat Transfer Oils, Automotive Engine & Gear Oils, Hydraulic Fluids, Industrial Lubes & Greases, Paper Machine Oils, Compressor Oils, and Others.

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.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=30248

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

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.