ZDDP Additives Market to Record an Exponential CAGR by 2025
Companies
exhibiting a prominent presence in the global zinc
dialkyldithiophosphate (ZDDP) additives market for zinc
dialkyldithiophosphate (ZDDP) additives include Prasol Chemicals Pvt.
Ltd., Rislone CamGuard, AMSOIL, Mukund Anderson Inc., ZPlus, LLC,
Infineum International Limited, Afton Chemical Corporation, and
Chevron Oronite Company LLC, notes Transparency Market Research
(TMR). A number of leader players are increasingly focusing on
innovative product launches and spending substantial amounts in
research and development activities, in a move to stay to ahead of
their competitors. Several top players are harping on aggressive
marketing as a key strategy, in a move to consolidate their positions
in the ZDDP market.
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A
growing number of players are also offering products that can meet a
variety of performance needs, which helps them gain a better foothold
in the global market. The ease of procurement of various
manufacturing technologies is attracting new players in the market.
The
global zinc dialkyldithiophosphate market is projected to rise at a
CAGR of 1.6% from 2017 to 2025. The market was worth US$2,717.82
million in 2017 and is estimated to touch a valuation of US$3,085.79
million by the end of the forecast period.
The
key product types of ZDDP additives comprise primary alkyl and
secondary alkyl. Of the two, the secondary alkyl formed the leading
segment in 2016 accounting for the major revenue share. The
widespread uptake of the segment can be attributed to a highly
attractive profile of ZDDP additives, characterized by marked
hydraulic stability and significant antiwear protection abilities.
Geographically,
Asia Pacific is set to be the most attractive market presenting
abundant lucrative opportunities for players. The regional market,
led by China, held the major share in 2016 and is anticipated to be
worth US$1,189.68 million by the end of the forecast period. The
growth will be fueled by the substantially rising automobiles
industry and the rapid strides taken by the manufacturing sector in
various emerging economies.
Extensive
Use as Antiwear Additive in Automotive Engine Oil to Boost Market
The
substantially rising application of ZDDP additives in the automotive
industry is a prominent factor driving the market. The widespread use
of these additives as antiwear additive in automotive engine oil to
help run engines smoothly is a notable factor bolstering the demand.
The rising popularity of ZDDP additives as largely cost-effective
antiwear additive to be used in making lubricants and greases is
accentuating the growth of the market. The rising use of ZDDP
additives for preventing surface microwelding and minimizing wear and
tear in metal-to-metal friction is also boosting the market. The
staggering demand for these additives in aftermarket lubricants is
also accentuating the market
The
striking strides being experienced by the automobile and automotive
industry in a number of emerging economies, notably in Asia Pacific,
are likely to create abundant opportunities for market players over
the assessment period.
The
substantial use of additives in a range of industrial, professional
and consumer end-use applications is aiding in the rapid expansion of
the market. The widespread use in in lubricants and greases is
attributed to several attractive functional properties.
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Worrying
Concerns from Adverse Effect of Phosphorous Glaring Constraint
However,
of late, several countries are facing worrying concerns over the
presence of phosphorous content in ZDDP. This leads to ZDDP adversely
affecting vehicular exhaust system. In particular, phosphorous also
makes a dent in the efficiency of engines, due to which several
nations have put safeguards on the permissible level. Furthermore,
intensive efforts by industry players and ceaseless R&D
activities to find alternatives to ZDDP may act as bottlenecks to the
growth of the market. Nevertheless, the remarkable high thermal and
hydrolytic stability makes it ideal for high-pressure applications
such as in metalworking fluids.
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