Alkylated Naphthalene Market Overview:
The Alkylated Naphthalene market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Alkylated Naphthalene Market as well as the factors influencing regional variations in the growth of the sector.
Alkylated Naphthalene Market size is expected to reach 175.96 US$ Mn in year 2029, at a CAGR of 5.7% during the forecast period.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Drivers:
By 2022, the BRICS countries (Brazil, Russia, India, China, and South Africa) anticipate a significant increase in their GDP, which has sparked the growth of a number of industries including the automotive, energy, and industrial machinery sectors. Demand for alkylated naphthalene has increased as a result of the growth of these industries in both developed and developing countries. Another force in the market is the rapid urbanisation of trade industrialization. Furthermore, it is anticipated that the market for alkylated naphthalene will grow in the future as a result of the use of fluid processing technologies and low carbon emissions additives in the automotive sector.
Segmentation:
By grade, it is anticipated that the food-grade segment will command the largest market share worldwide by 2029. Because of this, lubricants used in food processing facilities are frequently made from alkylated naphthalene. For applications where there is a possibility of unintentional food contact, food grade alkylated naphthalene is crucial. The global demand for processed food is what is driving the food processing industry. Due to the higher cost-to-performance ratio provided by these products, the standard grade alkylated naphthalene segment accounted for a sizable share of the global alkylated naphthalene market in terms of value in 2021.
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Key Players:
To identify the market’s leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study’s in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and market breakdowns. The results of these calculations are then compared to primary data. The Alkylated Naphthalene market is dominated by the following businesses:
• Shanghai NACO Lubrication Co., Ltd.
• ExxonMobil Corporation
• King Industries Inc.
• Quaker Chemical Corporation
• NACO Corporation
• Huntsman Corporation
• Kao Corporation
• NOVITAS CHEM SOLUTIONS, LLC.
• Nease Co. LLC.
• Akzo Nobel N.V.
• GEO Specialty Chemicals, Inc.
• JFE Holdings, Inc.
• Koppers Inc.
• NIPPON STEEL & SUMITOMO METAL CORPORATION
• Rain Industries Limited
Regional Analysis:
The regional overview of market research for Alkylated Naphthalene also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
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COVID-19 Impact Analysis on Alkylated Naphthalene Market:
Owing to a halt in operations, the growth of end-user industries using Alkylated Naphthalene decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Alkylated Naphthalene manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market’s expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Alkylated Naphthalene has been severely decreased.
Key Questions Answered in the Alkylated Naphthalene Market Report are:
- Which market segment accounted for the most percentage of Alkylated Naphthalene in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Alkylated Naphthalene market’s growth?
- Which region dominates the Alkylated Naphthalene market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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