Zinc Dialkyldithiophosphates Additive Market 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.
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Key Players
Afton Chemical (U.S.),Chevron Oronite Company LLC (U.S.),Infineum International Limited (Singapore),Chevron Corporation (U.S.),AMSOIL INC (U.S.),The Lubrizol Corporation (U.S.),Prasol Chemicals Pvt. Ltd (India),Camguard (U.S.),BASF SE (Germany).
Segmental Analysis
The global zinc dialkyldithiophosphates additive market is segmented into product type, application end-use industry, and region. On the basis of the product type, the market is segregated into primary alkyl zinc dialkyldithiophosphates and secondary alkyl zinc dialkyldithiophosphates. On the basis of the application, the global market is segmented into anti-wear additives, corrosion inhibitors, antioxidants and others. On the basis of the end-user industry, the market is segmented into automotive and industrial. The market by region is further segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
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Regional Analysis
The zinc dialkyldithiophosphates additive market share is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, 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. According to The Organisation Internationale des Constructeurs d'Automobiles (OICA) the passenger car sales in India was 2,966,637 in 2016, and it grew to 3,227,70 by the end of 2017 approximately. Moreover, the growing number of vehicles coupled with the adoption of stringent vehicle emission standards is also expected to add to the market growth.
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Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Key Market Opportunities:
The growing number of vehicles across the globe is the major factor driving the zinc dialkyldithiophosphates additive market.
Key Market Drivers:
The increasing demand for additives to increase the shelf life of engines along with the need for reduction in emissions
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