Global Heavy Alkyl Benzenes Market - 2020-2027
Heavy alkyl benzene (HAB) is a segment of linear alkylbenzene (LAB) production. With the properties of heat transfer oil and lubricating greases, the HAB can produce gasoline and diesel engine oils, and hydraulic fluid is indicated. To pass 5W30, 5W40, 10W40, and 15W40 standards, different engine oils have been formulated. Moreover, the formulations contain various HAB amounts as a minor component and other quantities of solvent neutral 100 (SN-100), SN-150, and SN-650 as a significant component. In addition, the measurement of standard properties of obtained oils indicates that some of them do have the designed criteria. Furthermore, innovation and development in oils demonstrate that they have good performance with different HAB blends as significant components and polyisobutene (PIB) as minor features that have successfully been employed in several ISO-grade production hydraulic fluids with achieved materials that do have suitable air release and demulsibility.
The global heavy alkyl benzenes market is estimated to reach USD XX billion by 2027 from the recorded market size of worth USD XX billion in 2019, growing at a CAGR of XX% during the forecast period.
The increasing demand of electrical equipment is expected to increase the growth of the market during the forecast period due to increase in advancement of electrical equipment. According to industry analysis, the global electrical equipment market is expected to grow from USD 1179.97 billion in 2020 to USD 1271.11 billion in 2021 at a CAGR of 7.7%. Moreover, Sodium & calcium sulfonated heavy alkylate derivatives are reckoned for high shelf life, stability under different climatic conditions and management as a surface-active agent with significant uses are in emulsification & dispersion of liquids, wetting & dispersion of liquid-solid system, inhibition of rust & corrosion, dispersion & wetting of solids, soluble cutting oils, emulsifiers of soluble cutting oils, rust preventives, leather chemicals, fat liquor, metal treatment chemicals, textile auxiliaries, ore flotation chemicals, Inks, and others. These properties and the application of sodium & calcium sulfonated heavy alkylate are expected to boost in the forecast period
Furthermore, the growing demand in the textile market is expected to increase the global heavy alkyl benzenes market during the forecast period due to increase in population and rapid urbanization. According to analysis, textile market is generating approximately USD 1.46 trillion and expected to increase the market value to USD 2.25 trillion during forecast period. In addition, due to rapid urbanization the global population in 2015 is increased by 54% and expected to increase to 60% by 2030.
By type, the market is segmented into di-alkylbenzene, di-phenyl alkane, poly alkylbenzene. By properties, the market is segmented into good thermal and oxidative stability, high flash points, low pour points, good solubilizing characteristics, generally light in color with low odor, low conradson carbon residues, non-hazardous for transportation, and others. By application, the market is segmented into the lubricating oil, heat transfer oil, corrosion inhibitor, oilfield chemicals, textile auxiliaries, refrigerating oils, electrical oils, plasticizers, greases, and others.
Barium sulphonate derivative of heavy alkylate is used as an excellent corrosion /rust inhibitor & typically used for the manufacture of greases, metalworking fluids- rust preventives as it gives better protective coating films, good high resistance to humidity and saltwater spray test and as a detergent in fuel additives for both carburetors/ fuel injector components of otto engines benefit from fouling. This derivative will grow significantly in the forecast period owing to various properties. Moreover, the refrigerator oil is the type of lubricant oil consisting of an alkylbenzene oil, including at least 80% by weight of alkylbenzene having a molecular weight of 120-288 viscosity between 3,0-7,0 cSt at a temperature of 400 C. In addition, the lubricant composition consisting of alkylbenzene oil and about 8% by weight of one or more additives selected from a group comprised of improvers of oxidation resistance and thermal stability, metal inactivators, corrosion inhibitors, viscosity index improvers, lubricity additives, reducers of fluidity & flocculation point, dispersants, detergents, antiwear agents, antifoaming agents, and extreme pressure resistant additives which increase the properties of the lubrication oils.
APAC is holding the largest market share of heavy alkyl benzene due to refrigerating machine oil and electrical insulation oil. The increasing awareness of environmental issues and government regulation will increase the EV industry in this region, which will increase the demand for electrical insulation oil and is expected to boost the heavy alkyl benzene market during the forecast period. On the other hand, the APAC is the largest electricity producer due to the large consumption of insulation oil in transformer, C.T, P.T, and other electrical equipment, which will drive the heavy alkyl benzenes market in this region. According to the industry analysis, the total electric vehicle in use globally is around a 4.8million out of 1.03 million electric vehicles has been used in APAC. It is expected that China will manufacture 10.1 million electric vehicles in the forecast period. It will increase the growth of the market.
North America & Europe is expected to contribute the significant growth of the HAB market during the forecast period.
The heavy alkyl benzenes market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream application. CEPSA QuÃ¬mica, Sasol, Huntsman Performance Products, Reliance Industries Limited, ISU Chemical, ARADET, Egyptian Linear Alkyl Benzene, SEEF Limited, Farabi Petrochemicals, Fushun Petrochemical are the major player in the adhesive market. The major players adopt many growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the heavy alkyl benzenes market globally.
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