300–450 TBN Calcium, Barium, and Magnesium Sulphonate Sales Set to Soar in Futureby Vijay K. Web Marketing
300–450 TBN calcium, barium, and magnesium sulphonates are being increasingly used in greases as a thickener, as they offer better water resistance, mechanical stability, extreme-pressure resistance, adequate-corrosion resistance, and anti-wear property. Additionally, the declining cost of these sulphonates, on account of improvement in manufacturing technology, has increased their preference over lithium sulphonates. Owing to the advantageous characteristics of the chemical, its usage has considerably amplified in steel, mining, and paper machinery.
The rapid shift to calcium sulphonate from lithium sulphonate in the production of grease-based products like automobile and industrial lubricants will drive the 300–450 TBN calcium, barium, and magnesium sulphonates market at 10.9% CAGR between 2020 and 2030. The market is expected to reach $231.2 million by 2030 from $73.5 million in 2019. Earlier, the manufacturing, marine, steel, automotive, and mining sectors used to prefer lithium sulphonate due to its low cost and highly pumpable features. However, stringent environmental legislations, in recent years, have shifted the focus toward calcium sulphonate.
In recent years, players of the 300–450 TBN calcium, barium, and magnesium sulphonates market have started engaging in several distribution partnerships with each other to boost their geographical presence. For example, in February 2019, Petrico Ltd. was chosen by Lanxess Deutschland GmbH to distribute the latter’s lubricant and fuel additives in the U.K., the Netherlands, Belgium, France, and Italy. Similarly, in December 2019, Lockhart Chemical Company partnered with Synovelle Limited to offer calcium sulphonate in Middle East and Africa (MEA) and Europe.
According to P&S Intelligence, Asia-Pacific (APAC) consumed the highest quantity of 300–450 TBN calcium, barium, and magnesium sulphonates in 2019 and it is expected to be the largest consumer in the foreseeable future, globally. This can be ascribed to the rapid industrialization in India and China, owing to the increasing urbanization and economic growth. The oxidation protection and corrosion resistance features of this chemical have resulted in its high-volume consumption in industries producing items with high amounts of sulphonates of calcium, barium, and magnesium.
Thus, the various advantageous properties of calcium, magnesium, and barium sulphonates are the prime reason behind their increasing applications in the automotive, marine, and manufacturing industries.
Read More: https://www.psmarketresearch.com/market-analysis/calcium-barium-magnesium-sulphonates-market
Created on Aug 11th 2021 01:15. Viewed 155 times.
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