Global Alkylated Naphthalene Market Size By Grade, By Viscosity Index, By Application, By Geographic Scope And Forecast
Alkylated Naphthalene Market Size And Forecast
Alkylated Naphthalene Market was valued at USD 105.52 Million in 2019 and is projected to reach USD 153.48 Million by 2027, growing at a CAGR of 4.8% from 2020 to 2027.
Global Alkylated Naphthalene Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Worldwide, the rise in trade, urbanization, and industrialization, is driving the lubricant demand. As a result, the demand for alkylated naphthalene is increasing. The trend of the adoption of alkylated naphthalene among the automobile sector is increasing, as the automobile sector is a major consumer of lubricants. The usage of alkylated naphthalene in a formulation improves the thermal and thermo-oxidative stability of the formulation.
Therefore the overall shelf life and performance of lubricants is improved are some factors expected to drive the market for alkylated naphthalene. However, the volatility of raw material prices might hamper the market growth during the forecasted period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Alkylated Naphthalene Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Alkylated Naphthalene Market Competitive Landscape
The Global Alkylated Naphthalene Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as King Industries, Inc., ExxonMobil Corporation, NOVITAS CHEM SOLUTIONS, LLC, Shanghai NACO Lubrication Co., Ltd., Quaker Chemical Corporation, Kao Corporation, Nease Co. LLC, Huntsman Corporation, Akzo Nobel N.V., and GEO Specialty Chemicals, Inc.
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