Zinc dialkyldithiophosphates additive Market is estimated to reach moderate CAGR forecast period 2017-2023


Posted January 7, 2019 by Market_123

Zinc dialkyldithiophosphates additive Market is estimated to reach moderate CAGR forecast period 2017-2023

 
Market Overview:
Synopsis of Zinc Dialkyldithiophosphates Additive Market
Zinc dialkyldithiophosphates additive, also known as ZDDP additive, is a class of coordination compounds that contains zinc bound to dialkyldithiophosphoric acid. ZDDP additives are soluble in non-polar solvents, minerals, and synthetic oils. These additives are extensively used in the automobile industry as corrosion inhibitors, antioxidants, and anti-wear additives in hydraulic oils, motor oils, and greases. Zinc dialkyldithiophosphates additive provides enhanced protection to lifter bores, rod bearings, main bearings, and camshaft lobes among others. The increasing demand for additives to increase the shelf life of engines along with the need for reduction in emissions is expected to affect the growth of the global ZDDP additive market positively. The growing number of vehicles across the globe is the major factor driving the zinc dialkyldithiophosphates additive market. Moreover, growing purchasing power in the developing economies is expected to contribute considerably to the growth of the zinc dialkyldithiophosphates additive market. Moreover, stringent government regulation to check the emissions from vehicles across the globe is further augmenting the demand for zinc dialkyldithiophosphates additives. However, the growing demand for electric vehicles is a major downside to the growth of the market.
Among the various end-use industries in the zinc dialkyldithiophosphates additive market, the automobile constitutes the major market share and is expected show the same trend during the review period. The growing applications as lubricants, greases, antioxidants, corrosion inhibitors, and others are anticipated to contribute to the growth of the market substantially.
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Market Scenario
Among the various end-use segment, the automobile is anticipated to be the largest segment with a market share of above 75% during the forecast period. On the basis of the product type, the market is segmented into 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.
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
 BASF SE
 Afton Chemical
 Chevron Oronite Company LLC
 Infineum International Limited
 Chevron Corporation
 AMSOIL INC
 The Lubrizol Corporation
 Prasol Chemicals Pvt. Ltd
 Camguard
Intended Audience
• Zinc dialkyldithiophosphates additive market manufacturers
• Traders and distributors of zinc dialkyldithiophosphates additive market
• Production process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
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. Among these, 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 surging the demand in this region. Moreover, the encouraging government regulations along with the availability of cheap raw material and labor has resulted in the shifting of automobile manufacturing hubs into the region further fuelling the market demand for ZDDP additives.
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Last Updated January 7, 2019