Extreme Pressure Additives Market: Introduction
Extreme pressure additives are used in various lubricants to reduce wear & tear of metals, especially in gearbox applications. These additives are also used in cutting fluids for metal machining applications. Extreme pressure additives are mainly used in extreme pressure gear oils to perform in high temperature, speed, and different gear sizes. These additives are used to prevent damages to gears, especially while starting and stopping of engines. Extreme pressure additives are rarely used in motor oils. These additives contain organic sulfur, chlorine, and phosphorus. Extreme pressure additives also contain sulfur phosphorus and sulfur phosphorus boron compounds that react during the high-pressure conditions.
Increase in demand for high-performance lubricant oils in extreme pressure applications is projected to fuel the demand for extreme pressure additives during the forecast period. Rise in demand for automotive vehicles across the globe, especially in the commercial segment, is likely to propel the extreme pressure additives market during the forecast period. Extreme pressure additives may deliver detrimental properties owing to the highly chemically reactive to metal surfaces. This is a key factor expected to hamper the global extreme pressure additives market during the forecast period.
Extreme Pressure Additives Market: Segmentation
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/extreme-pressure-additives-market.html
Based on material type, the global extreme pressure additives market can be divided into chlorinated paraffin, sulfurized fats, and others. The sulfurized fats segment is estimated to hold dominant share of the market during the forecast period. Sulfurized fats are highly effective in metal surfaces and more chemically reactive than other additives. These are key properties projected to boost the extreme pressure additives market in the next few years. End-use industries of the extreme pressure additives market include automotive, iron & steel, and others. The automotive segment is projected to constitute major share of the global extreme pressure additives market in the next few years.
Extreme Pressure Additives Market: Region-wise Outlook
Based on region, the global extreme pressure additives market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is anticipated to constitute leading share of the market in the next few years. Rise in industrialization, especially in China, India, and South Korea, is likely to fuel the demand for metalworking fluid and metal cutting fluids in the next few years. Extreme pressure additives are essential components for providing anti-friction and lubricating properties. Development of infrastructure in various counties such as China and India owing to the increase in government initiatives is anticipated to propel the extreme pressure additives market. Furthermore, growth in metal works and industrial output, which require lubricating liquid, is also boosting the demand for extreme pressure additives in Asia Pacific. The market in North America and Europe is likely to expand at a moderate pace during the forecast period due to the large presence of lubricant manufacturers in these regions. The market in Latin America and Middle East & Africa is projected to expand at a rapid pace in the near future.
Extreme Pressure Additives Market: Key Players
Several manufacturing companies operate in the global extreme pressure additives market. Some of the prominent manufacturers of extreme pressure additives include DIC Corporation, Dover Chemical Corporation, Afton Chemical Corporation, and Italmatch Chemicals.
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=66728&source=atm
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=66728&source=atm