Global ZDDP Additives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global ZDDP Additives Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global ZDDP Additives market finds that the global ZDDP Additives market reached a value of USD 2571.43 million in 2022. It’s expected that the market will achieve USD 3004.35 million by 2028, exhibiting a CAGR of 2.63% during the forecast period.

Strength

Development of economy and technology.
Diverse distribution channel.
Excellent performance leads to large demand.

Weakness

Fierce competition within the industry.
Low end product competition in some developing regions.
Price fluctuations.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The Lubrizol Corporation is one of the major players operating in the ZDDP Additives market, holding a share of 23.91% in 2019.

The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers’ products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers’ success, delivering efficiency, reliability or wellness to their end users.

Infineum is a world leader in the formulation, manufacturing and marketing of petroleum additives for lubricants and fuels.

Established in January 1999, Infineum is a joint venture of two of the most venerable names in lubricants and fuels, ExxonMobil and Shell.

Segmentation Overview:

Among different product types, Secondary Alkyl ZDDP segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global ZDDP Additives market covered in Chapter 3:

Chevron
Prasol Chemicals
Wuxi South Petroleum Additive CO., LTD
The Lubrizol Corporation
Zplus
Xinxiang Richful Lube Additive Co., Ltd.
Afton Chemical
Jinzhou Kangtai Lubricant Additives CO., Ltd
Infineum International

In Chapter 4 and Chapter 14.2, on the basis of types, the ZDDP Additives market from 2018 to 2029 is primarily split into:

Primary Alkyl ZDDP
Secondary Alkyl ZDDP

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the ZDDP Additives market from 2018 to 2029 covers:

Automotive
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)