Global Alkylated Naphthalene Market Size To Exceed USD 239.2 Million By 2033 | CAGR of 5.05%
Category: Chemicals & MaterialsGlobal Alkylated Naphthalene Market Size To Exceed USD 239.2 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Alkylated Naphthalene Market Size is Expected to Grow from USD 146.1 Million in 2023 to USD 239.2 Million by 2033, at a CAGR of 5.05% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 246 pages with 103 Market data tables and figures & charts from the report on the "Global Alkylated Naphthalene Market Size, Share, and COVID-19 Impact Analysis, By Grade (Food, Standard), By Viscosity Index (22–65 SUS, 65–90 SUS), By Application (Automotive Engine & Gear Oils, Heat Transfer Oils), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/alkylated-naphthalene-market
Alkylated naphthalene is a group of chemical compounds generated by alkylation in naphthalene, which occurs when an alkyl group such as methyl, ethyl, or another hydrocarbon group is connected to the naphthalene. These chemical compounds are interesting because they are used in a variety of industrial applications, including as an intermediary in the production of specialized chemicals, lubricants, and surfactants. Moreover, the market is being driven by rising demand for efficient and sustainable solutions, technical advancements that improve performance, and expanded applicability across sectors. Customer desire for cost-effective, environmentally friendly solutions, as well as severe regulatory requirements, are major drivers of this expansion. Increased R&D spending, as well as in emerging markets, are growth opportunities, but the industry's focus on innovation and digitization is a competitive dynamic. However, market expansion is constrained by high starting costs, demanding regulatory compliance, and difficult integration challenges. Also, limited awareness in growing regions, as well as reliance on modern technologies, present further barriers to scalability and adoption rates across a wide range of businesses.
The standard segment is expected to hold the largest share of the global alkylated naphthalene market during the projected timeframe.
Based on the grade, the global alkylated naphthalene market is categorized as a food, standard. Among these, the standard segment is expected to hold the largest share of the global alkylated naphthalene market during the projected timeframe. This dominance can be due in part to its vast industrial employment in industrial lubricants and automotive oils, where oil's high-performance thermal stability, resistance to oxidation, and lengthened lifespan make it very desirable. The standard grade's economics when compared to the food-grade product also motivates its widespread industrial utilization.
The 22–65 SUS segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the viscosity index, the global alkylated naphthalene market is categorized as 22–65 SUS and 65–90 SUS. Among these, the fire 22–65 SUS segment is expected to grow at the fastest CAGR during the projected timeframe. This is because it is utilized in applications that require low-viscosity lubricants, such as modern machinery with tighter tolerances and advanced car engines. Its energy efficiency and friction-reducing characteristics make it ideal for use in sectors that prioritize sustainability and performance.
The automotive engine & gear oils segment is expected to hold the largest share of the global alkylated naphthalene market during the projected timeframe.
Based on the application, the global alkylated naphthalene market is categorized as automotive engine & gear oils, and heat transfer oils. Among these, the automotive engine & gear oils segment is expected to hold the largest share of the global alkylated naphthalene market during the projected timeframe. This is due to the growing automotive sector, the increased need for high-performance lubricants, and alkylated naphthalene's outstanding qualities, such as strong temperature stability and oxidation resistance, which improve engine and gear efficiency and longevity.
North America is projected to hold the largest share of the global alkylated naphthalene market over the forecast period.
Get more details on this report -
North America is projected to hold the largest share of the global alkylated naphthalene market over the forecast period. This supremacy is driven by the region's mature automotive and industrial sectors, greater use of high-performance lubricants, and tight laws that encourage innovative lubrication technologies. Furthermore, major expenditures in R&D and the presence of leading manufacturers support market growth.
Asia Pacific is expected to grow at the fastest CAGR growth of the global alkylated naphthalene market during the forecast period. This expansion is driven by rapid industrialization, a thriving car industry, and government support for infrastructure and environmental standards. The region also sees expanding demand for high-performance lubricants, a focus on sustainability, and increased expenditures in R&D and local manufacturing, all of which are boosting market potential and the rapid adoption of new lubricant technology.
Major vendors in the global alkylated naphthalene market are NACO Corporation, NOVITAS CHEM SOLUTIONS, LLC, Akzo Nobel N.V., Huntsman International LLC, Kao Corporation, Quaker Chemical Corporation, Nease Performance Chemicals, ExxonMobil Corporation, King Industries, Inc., CPS Performance Materials, and Others Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global alkylated naphthalene market based on the below-mentioned segments:
Global Alkylated Naphthalene Market, By Grade
- Food
- Standard
Global Alkylated Naphthalene Market, By Viscosity Index
- 22–65 SUS
- 65–90 SUS
Global Alkylated Naphthalene Market, By Application
- Automotive Engine & Gear Oils
- Heat Transfer Oils
Global Alkylated Naphthalene Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?