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Calcium Sulphonate to Generate Highest Revenue in 300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market till 2030
From $73.5 million in 2019, the 300–450 TBN calcium, barium, and magnesium Sulphonates market is projected to grow to $231.2 million by 2030, witnessing a CAGR of 10.9% during the forecast period (2020–2030). The major factors driving the consumption of these chemicals are their minimal environmental impact and the advantageous properties of greases based on calcium sulphonate.
Structural Analysis of 300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market
Till 2030, calcium sulphonate would continue holding the largest revenue share in the 300–450 TBN calcium, barium, and magnesium sulphonates market, on the basis of type, owing to its ability to offer rust resistance to industrial lubricants, hydraulic fluids, and circulating oils. Additionally, it also displays demulsibility, wet filterability, and hydrolytic stability, which further drives its demand. Further, the salt also provides stability under extreme pressure, better thickening ability, high load-bearing ability, and corrosion resistance to greases.
During the historical period (2014–2019), lubes & greases was the largest revenue-generating category, under the application segment. This is because calcium sulphonate is widely used as a thickener in certain types of lubricants, which produce semi-solid structures. During the forecast period, this category is projected to observe the fastest growth, in terms of revenue, as well, mainly due to the expansion of the manufacturing sector in numerous developing countries.
The automotive division, based on end use, is expected to exhibited the highest value CAGR in the 300–450 TBN calcium, barium, and magnesium sulphonates market during the forecast period. This is owing to the heavy usage of these chemicals as thickeners in lubricants and greases, which are themselves heavily applied on automobile window gears, ball bearings, and electric motor bearings.
In 2019, Asia-Pacific (APAC) accounted for the highest revenue in the market, as rapid economic growth and urbanization in regional countries, especially China and India, are helping in the growth of the industries where products containing the sulphonates of magnesium, barium, and calcium are consumed in heavy amounts. The key factors which drives the demand for these chemicals are their corrosion resistance and oxidation protection.
Shift from Lithium Sulphonate to Calcium Sulphonate Trending in Market
The most significant trend in the 300–450 TBN calcium, barium, and magnesium sulphonates market is the rising preference for calcium sulphonate over lithium sulphonate, in grease-based products, such as industrial and automobile lubricants. Due to its high shear and mechanical stability, dropping point, and wear, temperature, oxidation, and water resistance, the latter is widely being used as a thickener in lubricants. Earlier, the marine, mining, automotive, steel, and manufacturing sectors used lithium sulphonate, as it is highly pumpable and cost-effective. But, with government initiatives, in the wake of environmental damage, calcium sulphonate is witnessing an increasing demand. Additionally, the easy availability of the raw materials for producing calcium sulphonate makes it cost-cometitive with lithium sulphonate, which is another reason for the surging demand for the former.
|Market Size by Segments||Type, Application, End Use|
|Market Size of Geographies||U.S., Canada, Germany, U.K., France, Italy, China, India, Japan, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, U.A.E.|
|Market Players||Afton Chemical Corporation, Eni SpA, Eastern Petroleum Private Limited, Lockhart Chemical Company, Lanxess AG, Petrico Ltd., Daubert Chemical Company Inc., SEQENS, Jinzhou Kangtai Lubricant Additives Co. Ltd., Repsol S.A., Total S.A., The Lubrizol Corporation, Cogelsa Efficient Lubrication, Exxon Mobil Corporation, FUCHS PETROLUB SE|
Beneficial Properties of Calcium Sulphonate-Based Greases Propelling Market
The several benefits offered by calcium sulphonate-based greases act as a key 300–450 TBN calcium, barium, and magnesium sulphonates market driver. These include extreme-pressure resistance, better water resistance, anti-wear advantages, adequate corrosion resistance, and mechanical stability, which is why the chemical is being rapidly used in greases, as a thickener, primarily in applications where high performance is highly sought after. Additionally, with the purchase cost of calcium sulphonate declining, as a result of the manufacturing process undergoing enhancements in its technology, the preference of manufacturers for it is increasing over lithium sulphonate. This is why the use of calcium sulphonate is growing in the mining, paper machinery, and steel sectors.
Market Competitive Landscape Characterized by Distribution Partnerships
Several players in the 300–450 TBN calcium, barium, and magnesium sulphonates market have engaged in numerous distribution partnerships with each other, in the recent years, as a means to boost their geographical presence. For instance, in December 2019, a partnership was announced by Lockhart Chemical Company and Synovelle Limited. The aim behind this was the former company’s intention to provide calcium sulphonate in Europe and Middle East and Africa, in order to boost its presence in these regions.
Similarly, in February 2019, Lanxess Deutschland GmbH chose Petrico Ltd. as its U.K., France, Italy, Belgium, and Netherlands partner, for the distribution of fuel and lubricant additives.
The major 300–450 TBN calcium, barium, and magnesium sulphonates market players are Afton Chemical Corporation, Eni SpA, Eastern Petroleum Private Limited, Lockhart Chemical Company, Lanxess AG, SEQENS, Jinzhou Kangtai Lubricant Additives Co. Ltd., Daubert Chemical Company Inc., Preeti Petrochem Private Limited, The Lubrizol Corporation, King Industries Inc., and MORESCO Corporation.
Market Size Breakdown by Segment
The Global 300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Type
Based on Application
Based on End Use