The sulphonate salts of magnesium, barium, and calcium, in the range of 300–450 TBN, have an almost negligible impact on the environment. Further, calcium sulphonate imparts several advantageous properties to greases. As a result, the 300–450 TBN calcium, barium, and magnesium sulphonates market revenue is expected to grow to $231.2 million by 2030, from $73.5 million in 2019, at a 10.9% CAGR during 2020–2030 (forecast period).
300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market Segmentation
During the forecast period, calcium sulphonate would observe the highest revenue CAGR in the 300–450 TBN calcium, barium, and magnesium sulphonates market. This is because this salt is consumed in heavy amounts in the steel, marine, food processing, and automotive sectors, due to its stability in extreme pressure and appreciable hydrophobicity.
In 2019, the largest value share was held by the automotive end use category, as greases and lubricants, containing the sulphonates of magnesium, barium, and calcium, are widely used in ball joints, chassis, wheel bearings, universal joints, suspension parts, mirror gears, rolling bearings, and electronic power steering. Due to the strong focus on minimizing the damage on the environment, especially in developed countries, such as Canada and the U.S., the usage of metallic sulphonates, which are eco-friendly, is rising.
Till 2030, Asia-Pacific (APAC) would continue generating the highest revenue in the 300–450 TBN calcium, barium, and magnesium sulphonates market, primarily owing to the rapidly increasing demand for commercial vehicles and passenger cars. The turbocharged direct-injection engines being integrated in passenger cars need lubricants and greases with stronger additives, such as calcium sulphonate.
Market Players Strongly Focusing on Acquisitions
Recently, numerous players in the 300–450 TBN calcium, barium, and magnesium sulphonates market have acquired other companies, in a bid to expand their geographical reach and product portfolio. For instance, in February 2020, Nye Lubricants Inc., a manufacturer of specialty synthetic lubricants, was acquired by FUCHS PETROLUB SE. FUCHS undertook the move with the aim to add new products to its specialty lubricant portfolio, to cater to high-end, critical applications.
Browse report overview with detailed TOC on "300–450 TBN Calcium, Barium, and Magnesium Sulphonates Market Research Report: By Type (Calcium Sulphonate, Barium Sulphonate, Magnesium Sulphonate), Application (Lubes & Greases, Fuel Additives), End Use (Automotive, Industrial Machinery, Marine)– Global Industry Size, Share, Development, Growth, and Demand Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/calcium-barium-magnesium-sulphonates-market
Similarly, in June 2018, Exxon Mobil Corporation paid $436.0 million for the 100% acquisition of PT Federal Karyatama, from its parent company, PT Mitra Pinasthika Mustika Tbk. With this acquisition, Exxon Mobil aimed to strengthen its presence in the lubricant market of Indonesia.
The largest companies operating in the 300–450 TBN calcium, barium, and magnesium sulphonates market are Eni SpA, Afton Chemical Corporation, Lockhart Chemical Company, Eastern Petroleum Private Limited, SEQENS, Lanxess AG, Daubert Chemical Company Inc., Jinzhou Kangtai Lubricant Additives Co. Ltd., The Lubrizol Corporation, Preeti Petrochem Private Limited, MORESCO Corporation, and King Industries Inc.