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Press Release / Industry / ZDDP Additives Market Size By Product, By End-Use, By Geographic Scope And Forecast

ZDDP Additives Market Size By Product, By End-Use, By Geographic Scope And Forecast

By jenny smith on July 31 2020 | 77 Views

ZDDP Additives Market was valued at USD 2.64 Billion in 2019 and is projected to reach USD 2.94 Billion by 2027, growing at a CAGR of 1.35 % from 2020 to 2027.

The Global ZDDP Additives Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global ZDDP Additives Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

ZDDP Additives Market was valued at USD 2.64 Billion in 2019 and is projected to reach USD 2.94 Billion by 2027, growing at a CAGR of 1.35 % from 2020 to 2027.

What are ZDDP Additives?
Zinc Dialkyldithiophosphates Additive market is also referred as the ZDDP additive. This is a class of coordination compounds containing zinc bound to dialkyldithiophosphoric acid. ZDDP additives are highly soluble in non-polar solvents, synthetic oils, and minerals. The zinc oxide slurry is formed by mixing approximately zinc oxide with process oil. The slurry is heated and the mixture is filtered and diluted with process oil to give the finished product.

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These additives exhibit properties such as corrosion inhibitors, antioxidants, anti-wear additives, better hydrolytic stability, and low thermal stability. ZDDP is predominately used in the automotive industry such as engine and components, industrial sector, manufacturing sector. The additives find extensive application in electric vehicle production.

Global ZDDP Additives Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The increasing demand for additives to increase the shelf life of engines, the need for a reduction in emissions, and a rapidly growing population is expected to fuel the growth of the global ZDDP additives market. Moreover, the growing number of vehicles across the globe is the major factor to drive the demand for the forecast period.

Furthermore, factors such as growing purchasing power, stringent government regulation to check the emissions from vehicles, and the growing demand for electric vehicles are anticipated to propel the market growth. On the contrary, the problem of corrosion, availability of substitutes, and high cost are the potential restraints hampering the overall market. Whereas, the advancements in technologies, and untapped potential in emerging markets offers the favorable growth opportunities.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global ZDDP Additives Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global ZDDP Additives Market Competitive Landscape
The “Global ZDDP Additives Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Chevron Oronite Company LLC, Afton Chemical Corporation, The Lubrizol Corporation, Infineum International Limited, AMSOIL, Rislone, CamGuard, ZPlus LLC, Mukund Anderson Inc., Prasol Chemicals Pvt. Ltd., and Others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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ZDDP Additives Market, By Product
• Primary Alkyl ZDDP
• Secondary Alkyl ZDDP
• Others

ZDDP Additives Market, By End-Use
• Automotive
• Industrial
• Other

ZDDP Additives Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America



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