Alkylated Naphthalene Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
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The Global Alkylated Naphthalene Market Size accounted for USD 152.2 Million in 2023 and is estimated to achieve a market size of USD 261.1 Million by 2032 growing at a CAGR of 6.3% from 2024 to 2032.
Alkylated Naphthalene Market (By Gender: Food, Standard; By Viscosity Index: 22–65 SUS, 65–90 SUS, 90–115 SUS, Above 115 SUS; By Application: Automotive Engine & Gear Oils, Heat Transfer Oils, Hydraulic Fluids, Industrial Lubes & Greases, Compressor Oils, Paper Machine Oils, and Others and By Region: North America, Europe, Asia-Pacific, Latin America, and MEA)
Alkylated Naphthalene Market Highlights
- The global alkylated naphthalene market is expected to reach USD 261.1 million by 2032, growing at a CAGR of 6.3% from 2024 to 2032
- In 2023, the North American alkylated naphthalene market was valued at approximately USD 53.2 million
- The Asia-Pacific alkylated naphthalene market is projected to grow at a CAGR of over 7.2% from 2024 to 2032
- The viscosity index sub-segment of above 115 SUS held a significant market share in 2023
- The automotive engine & gear oils sub-segment accounted for a notable share of the market in 2023
- Increasing demand for synthetic lubricants is driving the use of alkylated naphthalene across various industries, fueling market growth
- Growing preference for synthetic lubricants, boosting the use of alkylated naphthalene in various industries is the alkylated naphthalene market trend that fuels the industry demand
Alkylated naphthalene is a high-performance synthetic lubricant base fluid produced by the alkylation of naphthalene with olefin. It has great oxidative stability, moderate volatility, and strong thermal resistance, making it ideal for demanding industrial applications. It is widely used in automotive and industrial lubricants and improves oil performance by extending service life and offering better protection against severe temperatures. Alkylated naphthalene also serves as a high-temperature lubricant for compressors, gears, and bearings. Its resistance to oxidation and thermal stress, increasing energy efficiency and equipment longevity.
Global Alkylated Naphthalene Market Dynamics
Market Drivers
- Increasing demand for high-performance lubricants
- Growing automotive industry and the need for improved engine efficiency
- Expansion of the chemical and industrial sectors
Market Restraints
- Volatility in raw material prices
- Stringent environmental regulations on chemical emissions
- Competition from alternative additives and synthetic products
Market Opportunities
- Development of advanced alkylated naphthalene formulations
- Emerging markets with rising industrial activities
- Innovations in eco-friendly and sustainable product alternatives
Alkylated Naphthalene Market Report Coverage
Market | Alkylated Naphthalene Market |
Alkylated Naphthalene Market Size 2022 |
USD 152.2 Million |
Alkylated Naphthalene Market Forecast 2032 | USD 261.1 Million |
Alkylated Naphthalene Market CAGR During 2023 - 2032 | 6.3% |
Alkylated Naphthalene Market Analysis Period | 2020 - 2032 |
Alkylated Naphthalene Market Base Year |
2022 |
Alkylated Naphthalene Market Forecast Data | 2023 - 2032 |
Segments Covered | By Grade, By Viscosity Index, By Application, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | ExxonMobil Corporation, Huntsman Corporation, Anneng Chemical Co., Ltd, King Industries Inc., Novitas Chem Solutions, Nease Co. LLC, Kao Corporation, Nouryon, Shanghai NACO Lubrication Co., Ltd, and Quaker Chemical Corporation. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Alkylated Naphthalene Market Insights
The growing global automotive sector, expanding passenger and commercial vehicle sales in developing nations and increased demand for better lubricants are all predicted to drive up demand for alkylated naphthalene. Consumers are rapidly increasing their expenditures on vehicles with innovative features and high performance. For instance, China's passenger automobile retail sales are expected to increase in 2023. According to figures from the China Passenger Car Association, 21.7 million passenger automobiles were sold in 2023, a 5.6% increase over the previous year.
Additionally, the transportation sector's reliance on lubricants for smooth operation drives up demand for alkylated naphthalene. Alkylated naphthalene is widely utilized as a modification in several base lubricants. It improves the thermal and thermo oxidative stability of lubricants. Some synthetic fluids available as alternatives to alkylated naphthalene products include polyalphaolefins (PAOs) and polyalkylene glycol (PAG). These are some of the factors that are predicted to slow the growth of the worldwide alkylated naphthalene market. Furthermore, price fluctuations in raw materials are projected to have an impact on end-product prices, further impacting the target market's growth.
However, business development activities by major players through acquisitions, as well as a strong focus on increasing product awareness among consumers through promotional activities, and the introduction of new products, are expected to open up new opportunities for players in the alkylated naphthalene market over the forecast period. Furthermore, players' efforts to strengthen the distribution channel are projected to support revenue transactions in the target market.
Alkylated Naphthalene Market Segmentation
The worldwide market for alkylated naphthalene is split based on grade, viscosity index, application, and geography.
Alkylated Naphthalene Grades
- Food
- Standard
According to the alkylated naphthalene industry analysis, the standard segment is predicted to have a significant revenue share in the global market. The broad applicability of standard grade in automotive engine and gear oils, heat transfer oils, and hydraulic fluids is likely to boost industry growth. Standard grade products provide a cost-effective balance of performance. Their versatility and performance make them the top choice for both manufacturers and end users. Overall, these fastors contribtes to sgments’s growth in alkylated naphthalene market.
Alkylated Naphthalene Viscosity Index
- 22–65 SUS
- 65–90 SUS
- 90–115 SUS
- Above 115 SUS
The viscosity index above 115 SUS typically shows robust growth in near future. This is due to the high-performance requirements of applications such as high-temperature lubricants and advanced formulations, where a higher viscosity index provides better stability and resistance to temperature fluctuations. Alkylated naphthalenes with a higher viscosity index offer superior lubrication properties, making them ideal for demanding industrial and automotive applications.
Alkylated Naphthalene Applications
- Automotive Engine & Gear Oils
- Heat Transfer Oils
- Hydraulic Fluids
- Industrial Lubes & Greases
- Compressor Oils
- Paper Machine Oils
- Others
According to the alkylated naphthalene industry forecast, automotive engine and gear oils are the most often used applications. AN is commonly utilized in these oils because of its high thermal stability, oxidation resistance, and compatibility with synthetic and mineral oils. These qualities improve engine performance and reduce wear, particularly under harsh conditions, making it a popular choice in the automobile industry.
Alkylated Naphthalene Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Alkylated Naphthalene Market Regional Analysis
For several reasons, due to the increasing demand for luxury vehicles, the North American market is likely to account for a significant portion of the global alkylated naphthalene market revenue. The presence of a high number of players in the country, together with product launches, is boosting the region's competitive landscape. Enterprises' focus on reaching the region's untapped market is projected to have an impact on market growth. In addition, rising demand for processed foods is predicted to boost demand for food-grade alkylated naphthalene.
The Asia-Pacific region has a significant share of the alkylated naphthalene market, which is being driven by the area's developing automotive, industrial, and lubricant industries. Rapid industrialization and the establishment of manufacturing hubs in nations such as China, India, and Japan are significant contributions. Furthermore, rising demand for high-performance lubricants in the equipment and transportation sectors drives market expansion.
Alkylated Naphthalene Market Players
Some of the top alkylated naphthalene companies offered in our report include ExxonMobil Corporation, Huntsman Corporation, Anneng Chemical Co., Ltd, King Industries Inc., Novitas Chem Solutions, Nease Co. LLC, Kao Corporation, Nouryon, Shanghai NACO Lubrication Co., Ltd, and Quaker Chemical Corporation.