ZDDP additive market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Outline: ZDDP Additive Market
Zinc Dialkyl Dithiophosphate (ZDDP) is a lubricating oil additive having exceptionally high hydraulic and thermal stability. This additive is generally used along with other additives such as dispersants, detergents and acid neutralizers in automotive engine oil and industrial lubricants. ZDDP additive provides oxidation, copper-lead bearing corrosion and wear control in diesel and gasoline engines. It is particularly viable under the extreme pressure, severe temperature and load conditions experienced in highly supercharged diesel engines. Invented in 1940s, ZDDP has been the most sought after antiwear additive in use for more than 70 years. During engine operation, ZDDP breaks down and forms a thin solid film that adheres to the metal surfaces preventing intermediate contact.
Market Dynamics: ZDDP Additive Market
Zinc dialkyldithiophosphates additive, also known as ZDDP additive, is a class of coordination compounds that contains zinc bound to dialkyldithiophosphoric acid. ZDDP additives are soluble in non-polar solvents, minerals, and synthetic oils. These additives are extensively used in the automobile industry as corrosion inhibitors, antioxidants, and anti-wear additives in hydraulic oils, motor oils, and greases. Zinc dialkyldithiophosphates additive provides enhanced protection to lifter bores, rod bearings, main bearings, and camshaft lobes among others. The increasing demand for additives to increase the shelf life of engines along with the need for reduction in emissions is expected to affect the growth of the global ZDDP additive market positively. The growing number of vehicles across the globe is the major factor driving the zinc dialkyldithiophosphates additive market. Moreover, growing purchasing power in the developing economies is expected to contribute considerably to the growth of the zinc dialkyldithiophosphates additive market. Moreover, stringent government regulation to check the emissions from vehicles across the globe is further augmenting the demand for zinc dialkyldithiophosphates additives. However, the growing demand for electric vehicles is a major downside to the growth of the market.
Market Scope: ZDDP Additive Market
ZDDP additive market is segmented based on product type, application, and end user
Based on product type, market is segmented into the following:
- Primary Alkyl ZDDP
- Secondary Alkyl ZDDP
Based on the End Users, market is segmented into the following:
Regional Analysis: ZDDP Additive Market
Geographically, ZDDP additive market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to be the fastest growing region with an expanding CAGR. The increasing personal disposable income has augmented the demand for automobiles in the region, which is substantially contributing to the growth of the market. Moreover, the growing number of vehicles coupled with the adoption of stringent vehicle emission standards is also expected to add to the market growth. North America is a major market of zinc dialkyldithiophosphate and is anticipated to show a moderate CAGR during the forecast period. The presence of major automobile manufacturers namely General Motors, Fiat Chrysler, and Ford, have further augmented the overall demand for zinc dialkyldithiophosphates additive from the automobile industry. Moreover, the presence of stringent regulations mainly in the U.S. and Canada is also anticipated to surge the overall demand for the product.
Competition Assessment: ZDDP Additive Market
Some of the players in the ZDDP additive market include:
- Chevron Oronite Company LLC
- Afton Chemical Corporation
- The Lubrizol Corporation
- Infineum International Limited
- Rislone CamGuard
- Mukund Anderson Inc.,
- Prasol Chemicals Pvt. Ltd.
Notable Market Developments: ZDDP Additive Market
- In September 2010, Prasol Chemicals Private Limited has been prepared executing EPDM rubber Plant in collaboration with Uniroyal.