Due to the various benefits and advantages offered by calcium sulphonate-based greases, the demand for 300–450 TBN calcium, barium, and magnesium sulphonates is surging across the world. Some of the beneficial traits of calcium sulphonate-based greases are high pressure resistance, excellent water and corrosion resistance, mechanical stability, and several anti-wear advantages. Because of these beneficial characteristics, this chemical is extensively used as a thickener in greases, mainly in applications that require high performance.
Due to the above-mentioned factors, the usage of these materials is rising rapidly all over the globe. This is driving the progress of the global 300–450 TBN calcium, barium, and magnesium sulphonates market. As per various estimates, the value of the market will rise from $73.5 million in 2019 to $231.2 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 10.9% between 2020 and 2030.
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Depending on type, the 300–450 TBN calcium, barium, and magnesium sulphonates market is classified into calcium sulphonate, barium sulphonate, and magnesium sulphonate. Amongst these, the calcium sulphonate category is predicted to exhibit the highest CAGR, in terms of revenue growth, in the market in the forthcoming years. This will be because of the extensive usage of this salt in the marine, steel, automotive, and food processing sectors, on account of its appreciable hydrophobicity and high stability in extreme pressure.
Thus, it can be said without any hesitation that the demand for 300–450 TBN calcium, barium, and magnesium sulphonates will skyrocket all over the world in the coming years, primarily because of the various beneficial characteristics of the calcium sulphonate-based greases and their minimal environmental impact.
Read More: https://www.psmarketresearch.com/market-analysis/calcium-barium-magnesium-sulphonates-market
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