Extreme Pressure Additives Market: Introduction

Extreme pressure additives are used in various lubricants to reduce wear & tear of metals, especially in gearbox applications. These additives are also used in cutting fluids for metal machining applications. Extreme pressure additives are mainly used in extreme pressure gear oils to perform in high temperature, speed, and different gear sizes. These additives are used to prevent damages to gears, especially while starting and stopping of engines. Extreme pressure additives are rarely used in motor oils. These additives contain organic sulfur, chlorine, and phosphorus. Extreme pressure additives also contain sulfur phosphorus and sulfur phosphorus boron compounds that react during the high-pressure conditions.

Increase in demand for high-performance lubricant oils in extreme pressure applications is projected to fuel the demand for extreme pressure additives during the forecast period. Rise in demand for automotive vehicles across the globe, especially in the commercial segment, is likely to propel the extreme pressure additives market during the forecast period. Extreme pressure additives may deliver detrimental properties owing to the highly chemically reactive to metal surfaces. This is a key factor expected to hamper the global extreme pressure additives market during the forecast period.

Extreme Pressure Additives Market: Segmentation

Based on material type, the global extreme pressure additives market can be divided into chlorinated paraffin, sulfurized fats, and others. The sulfurized fats segment is estimated to hold dominant share of the market during the forecast period. Sulfurized fats are highly effective in metal surfaces and more chemically reactive than other additives. These are key properties projected to boost the extreme pressure additives market in the next few years. End-use industries of the extreme pressure additives market include automotive, iron & steel, and others. The automotive segment is projected to constitute major share of the global extreme pressure additives market in the next few years.

Extreme Pressure Additives Market: Region-wise Outlook

Based on region, the global extreme pressure additives market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is anticipated to constitute leading share of the market in the next few years. Rise in industrialization, especially in China, India, and South Korea, is likely to fuel the demand for metalworking fluid and metal cutting fluids in the next few years. Extreme pressure additives are essential components for providing anti-friction and lubricating properties. Development of infrastructure in various counties such as China and India owing to the increase in government initiatives is anticipated to propel the extreme pressure additives market. Furthermore, growth in metal works and industrial output, which require lubricating liquid, is also boosting the demand for extreme pressure additives in Asia Pacific. The market in North America and Europe is likely to expand at a moderate pace during the forecast period due to the large presence of lubricant manufacturers in these regions. The market in Latin America and Middle East & Africa is projected to expand at a rapid pace in the near future.

Extreme Pressure Additives Market: Key Players

Several manufacturing companies operate in the global extreme pressure additives market. Some of the prominent manufacturers of extreme pressure additives include DIC Corporation, Dover Chemical Corporation, Afton Chemical Corporation, and Italmatch Chemicals.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Extreme Pressure Additives Market

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