Posted 3/5/2024, 8:48:00 AM
Alkylated Naphthalene Demand on the Rise, Driven by Automotive and Energy Industries, As Asia Pacific Emerges as Major Hub
- Global alkylated naphthalene market to reach $146.7 million by 2031, growing at a CAGR of 5.1%
- Shifting consumer preferences and efforts to improve manufacturing processes driving demand
- Food grade and 90-115 SUS viscosity index segments lead the market
- Automotive engine & gear oils are the leading application area
- North America and Europe are mature markets, Asia Pacific emerging as key production and consumption hub