Market Overview:
Synopsis of Zinc
dialkyldithiophosphates Additive Industry
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 Industry. Moreover, growing purchasing power
in the developing economies is expected to contribute considerably to the
growth of the Zinc dialkyldithiophosphates Additive Industry. 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 Industry, 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 Industry 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
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BASF SE
Ø
Afton Chemical
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Chevron Oronite Company LLC
Ø
Infineum International Limited
Ø
Chevron Corporation
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AMSOIL INC
Ø
The Lubrizol Corporation
Ø
Prasol Chemicals Pvt. Ltd
Ø
Camguard
Intended Audience
- Zinc dialkyldithiophosphates additive
market manufacturers
- Traders and distributors of Zinc
dialkyldithiophosphates Additive Industry
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Regional Analysis
The global Zinc dialkyldithiophosphates Additive Industry 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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