Rising consumption of calcium sulfonate results mainly from grease formulations using calcium sulfonate, which provide better mechanical potential, better sinking point, high load carrying capacity and better oxidation, corrosion and water resistance.
Growth of end user industries, such as food processing, steel, marine and automotive. to name a few, is providing abundant expansion opportunities for calcium sulfonate manufacturers.
The global Calcium Sulfonate Market is segmented by application into industrial, marine, food processing, steel, automotive, commercial vehicle, passenger vehicle, mining and others. Among these segments, the automotive segment is expected to occupy top market position during the forecast period. This can be attributed to rising demand for automotive replacement parts which use ample amount of grease to function properly. Additionally, rising disposable income and consumer willingness to pay is anticipated to contribute significant growth of calcium sulfonate in the coming years.
The global calcium sulfonate market is expected to flourish at a significant CAGR during the forecast period. The global Calcium Sulfonate market is thriving on the back of grease production which is mainly used in automotive vehicles, bulk machines and complexes. The main industry challenge is to fight against oxidation, corrosion and water.
In the regional markets, Asia Pacific captured the largest market share and is expected to continue its dominance over the forecast period. Moreover, rapid urbanization coupled with favorable government initiatives to support industrial growth in the region creates significant opportunities for Calcium Sulfonate Market players. North America is anticipated to contribute a significant CAGR during the forecast period.
Widespread Uses of Calcium Sulfonate by End Users
Adequate operations in the end user industries the players are demanding more calcium sulfonate based greases as a prime material in their operations. Current market players in the value chain process mainly focus on augmenting their overall market position through snowballing their product portfolio. End users are mainly working to improve their overall production efficiency, reduce the processing cost without conceding on product quality. Additionally, government initiatives driving industrial growth also propel demand for calcium sulfonate greases over the forecast period.
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In contrast, high costs incurred during the formulation of calcium sulfonate greases, in order to reach desirable properties across the regions and countries, is expected to dampen market growth to some extent.
This report also provides the existing competitive scenario of some of the key players of the global calcium sulfonate market which includes company profiling of Fuchs Petrolub AG, Lubrizol Corporation, Chemtura Corporation, Daubert Chemical Company, Royal Mfg Co, SWEPCO Lubricants, Asianol Grease, Amtecol, Exxon Mobil and other key players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global Calcium Sulfonate market that will
help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centered strategies according to the ongoing and expected trends in the future.
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