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Aminic Antioxidants Market Segmented By Liquid, Solid, Powder Form in Nonylated Diphenylamine, Octylaed Diphenylamine, Butyl/Octyl Diphenylamine, Phenyl-Alpha-Napthylamine, Phenylene Diamine Product Type
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
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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.
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Get a Customized VersionAminic 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.
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.
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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.
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.
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.
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