Asia Pacific alkylated naphthalene market size is expected to grow at a prominent growth rate 4.75% from 2022 to 2028. The global market provides a detailed overview of the Asia Pacific alkylated naphthalene market, and that can be segmented by product type and by application. By product type, the Asia Pacific alkylated naphthalene market has been segmented into Sodium Salts, Condensates, and Others. The sodium salts segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the Asia Pacific alkylated naphthalene market is segmented into Automotive and Stationary Engine Oils, Automotive Additive and Industrial Gear Oils, High-Temperature Chain Lubricants, Paper Machine Oils, Hydraulic Oils, Circulating Oils/Turbine Oils/R&O Oils, Screw Compressor Oils, Heat Transfer Oils, Windmill Oils and Greases, Automotive and Industrial. Among these, the Automotive and Industrial Gear Oils segment is expected to have the fastest-growing market during the forecast period 2022-2028. Alkylated naphthalene is a high-performance synthetic lubricating fluid with various properties such as thermo-oxidative and hydrolytic stability, solubility, and low volatility. Alkylated naphthalene has first-rate hydrolytic stability and is miscible with other synthetic hydrocarbons such as olefins, especially polyalphaolefins. Alkylated Naphthalene has various applications as a base oil for grease, thickener, and additives. The Asia Pacific alkylated naphthalene market is expected to see remarkable growth in the upcoming years due to the rise in trade, urbanization, and industrialization in emerging countries. As a result, the demand for alkylated naphthalene is increasing significantly and is expected to maintain the trend in the forecasted period. The rapid adoption rate of alkylated naphthalene in the automobile sector is growing, as the automobile sector is a significant consumer of lubricants.
In June 2018, ExxonMobil Corporation acquired PT Federal Karyatama. The acquisition is anticipated to boost ExxonMobil position in the lubricant oils industry in Indonesia.