Rising Demand for Fuel Additives and Increasing Production of Lubricants in China and ASEAN Countries to Fuel Demand for Aminic Antioxidants
The aminic antioxidants market report by Persistence Market Research provides information about market volume (Tons) and value (US$ Mn) projections, market trends, dynamics, forecast factors and key developments in the global aminic antioxidants market for the study period 2018 to 2026.
The global aminic antioxidants market was valued at US$ 1,462.0 Mn by 2017 end and is expected to expand 1.2X over the forecast period to reach US$ 1,862.5 Mn by the end of 2026
Increasing Investments in Lubricant Production Facilities to Assist Demand for Aminic Antioxidants
Aminic antioxidants are primarily utilized as fuel and lubricant additives and protect greases and lubricants at high temperatures and also extend engine oil drain intervals. Additives are necessary for lubrication purpose and the continuous use of oil in engines and gearboxes. In the absence of additives, oil may get contaminated, break down, or leak out and fail to protect the parts of the engine. Thus, with the increase in investments across lubricant production facilities, the consumption of aminic antioxidants is also expected to grow over the forecast period.
New Product Launches and Expansion of Product Capacities – Key Focus Areas for Aminic Antioxidants Market Players
Prominent market players involved in the production of aminic antioxidants are found to be involved in the expansion of their production capacities and introduction of new products. Moreover, companies are investing in research and development activities in anticipation of new industry standard requirements. For instance, Songwon has recently introduced liquid butylated octylated aminic antioxidants for various applications.
Fuel & Lubricants – A Prominent Application Segment for Aminic Antioxidants
Globally, the aminic antioxidants market has been segmented on the basis of application into plastic processing, rubber processing, food & feed additives, fuel & lubricants and adhesives. In terms of volume, the plastic processing segment is expected to register 1.2X growth over the forecast period. The consumption of aminic antioxidants as lubricant additives is expected to account for a significant share, supported by surging investments in lubricant production facilities across Asia-Pacific.
Industrial lubricants and engine oils segments collectively are expected to account for more than 2/5th of the overall incremental opportunity created during the forecast period.
China and ASEAN Countries to Steer the Future Outlook of the Global Market
Rising demand for plastic additives and increasing lubricants production, relatively stable economic conditions, and consistent growth in the automotive industry in countries across Asia-Pacific are the key factors expected to assist the demand for aminic antioxidants. Plastic producers in China are continuously focusing on the cost of plastic products and seldom used plastic additives; however, the demand is catching up. As end-users based in China seek high-quality products, producers are looking to offer such products to stand apart from the competition and meet the growing demand.
In terms of both production as well as consumption, China is anticipated to hold a prominent share in the global aminic antioxidants market. North America is anticipated to register 1.1X growth in terms of value in the global aminic antioxidants market while the Latin America aminic antioxidants market is expected to account for a small share.
Aminic Antioxidants Market – Competitive Landscape
Examples of some of the participants included in this report on the global aminic antioxidants market are Songwon, BASF SE, LANXESS, Addivant, Emerald Performance Materials LLC, Dorf Ketal, King Industries, Inc., Jiyi Chemical Co., Ltd., The Lubrizol Corporation, SOLTEX, Double Bond Chemical Ind. Co., Ltd. and Yasho Industries.
Globally, the aminic antioxidants market is partly fragmented with the top 3 players holding a prominent share in the global market.
The global aminic antioxidants market has witnessed various developments in the recent past. New product launches and production capacity expansions are found to be the key strategies employed by the manufacturers of aminic antioxidants around the globe.
Key Questions Answered in the Report
Persistence Market Research (PMR) provides an exclusive analysis of the global aminic antioxidants market in its revised report titled “Aminic Antioxidants Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026”. The main aim of this report is to offer an exhaustive analysis and insights pertaining to the aminic antioxidants market. This report offers a comprehensive analysis of the global aminic antioxidants market in terms of market volume (Tons) & value (US$ Mn) and year-wise (Y-o-Y) growth in the global aminic antioxidants market on the basis of form, product type and application. The study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2026. The Compound Average Growth Rate (CAGR) has been represented from 2018 to 2026.
The study covers aminic antioxidants market dynamics, value chain analysis, industry growth analysis, along with segmental-level projections in a comprehensive manner. As per industry experts and findings of the report, the global aminic antioxidants market is expected to witness a low growth rate in the near future and is anticipated to grow at a CAGR of 2.7% between 2018 and 2026.
The research report on the aminic antioxidants market analyses the market at a global as well as regional level through market segmentation on the basis of form, product type and application. The key objective of the report is to offer insights on competition positioning, current trends, market potential, statistics and other relevant information in a suitable manner to readers and prominent stakeholders involved in the global aminic antioxidants market.
Aminic antioxidants, as considered under the scope of the research study, include diphenylamine, phenyl-alpha-napthylamine and phenylene diamine. Aminic antioxidants are generally available in liquid, solid and powder forms.
The report has been structured to facilitate readers to develop a deep understanding of the aminic antioxidants market. It has been divided into 18 different sections and begins with an executive summary, followed by market definitions, market taxonomy, background and macro-economic factors, market dynamics and analysis of the market by key segments, regional market analysis and competition assessment. Each section of the report covers a qualitative as well as quantitative assessment of the aminic antioxidants market on the basis of historical trends, key facts, opinions collected from market participants through interviews and key developments in the aminic antioxidants market.
Aminic Antioxidants Market: Segmentation
By Product Type
In the third section, the report describes the aminic antioxidants market structure, macro-economic factors such as economic growth by region, GDP per capita by country, end-use industry overview, forecast factors, value chain analysis overview along with profit margins, indicative list of the key stakeholders involved, such as raw material suppliers, manufacturers, distributors and end-users.
The next section of the report provides volume (tons) and value (US$ Mn) projections for the aminic antioxidants market, pricing analysis and absolute $ opportunity analysis at a global level. The subsequent section highlights the market sizing by respective segments at a global level. The global aminic antioxidants market values represented in the sections have been agglomerated by collecting the information and data at a regional level. Aminic antioxidants market information covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types of the segments.
The subsequent section of the report presents a summarized view of the global aminic antioxidants market based on seven prominent regions considered in the study. The market analysis section of the report covers market projections, weighted average pricing analysis, market share analysis, market attractiveness analysis, Y-o-Y growth trends and incremental $ opportunity assessment.
All the above sections evaluate the present market scenario and growth prospects in the global aminic antioxidants market.
Market numbers, on a regional as well as country level, for various segments have been estimated through a combination of secondary and primary research among target countries. Key sources referred to arrive at the global aminic antioxidants market size include aminic antioxidants manufacturers, distributors, end-user, industry association and experts, along with the documents available through public domain, paid database and PMR’s in-house data repository.
In order to offer an accurate market forecast, PMR’s proprietary regression analysis forecast model was then utilized to derive the market estimation for forecast years, which takes into account the effects of certain macro-economic factors and direct factors on the global and regional target (aminic antioxidants) market. Opinions of market participants about various geographies and segments were also taken into account while forecasting the aminic antioxidants market size.
In the final section of the report, product form mapping analysis by company and a competition landscape of the aminic antioxidants market have been included to provide report audiences with a dashboard view categorized on the basis of providers in the value chain, their aminic antioxidants market presence and key strategies adopted related to aminic antioxidants in the market. Detailed profiles of the manufacturers of aminic antioxidants have also been included in the scope of the report to evaluate recent developments and key offerings in the aminic antioxidants market.