Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on viscosity index improvers market
provides in-depth analysis of segments and sub-segments in the global as well
as regional viscosity index improvers market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
viscosity index improvers market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global viscosity index improvers market. According to the report, the global
viscosity index improvers market is projected to grow at a healthy CAGR over
the forecast period of 2019-2025.
The modern
society would not be running smoothly without lubricants. Lubricants form a
protective film between two moving parts and allow the parts to move without
requiring too much energy. While characterizing lubricants and evaluating their
quality, the most important parameter is the viscosity index (VI). These are
additives that rise the viscosity of the fluid throughout its useful
temperature range. Viscosity improvers are mainly used in multigrade engine
oils, gear oils, automatic transmission fluids, power steering fluids, greases,
and various hydraulic fluids. Viscosity improvers are widely used in the
automobile industry and this is because automobiles are subjected to terrific
temperature swings. Viscosity index improvers are used to limit the rate of
viscosity change with the temperature. These improvers have a slight effect on
oil viscosity at the low temperatures. However, when heated the improvers
enable the oil viscosity to increase within the limited range. This quality is
most useful in the application of multi-grade motor oils.
The viscosity
index improvers accomplish the maximum efficiency, performs better even at low
temperature and defend the equipment from harmful wear. The demand for
viscosity index improvers is increasing from the end-user industries due to its
applications that help to drive the growth of the market. Increasing demand for
lubricants is the major growth factor of the viscosity index improvers market.
Furthermore, rising demand for viscosity index improvers for the automotive
industry and industrial lubricants are also driving the growth of the market.
The growth in the automotive, energy, and industrial machinery sector increasing
the demand for the viscosity index improvers. However, the rise in the oil drain
interval reduces the consumption of engine oils in automobiles is anticipated
to restrain the growth of the market. The increasing need for improvement in
the fuel economy is expected to provide wide opportunities to the viscosity
index improvers market in the future.
Geographically,
Asia-Pacific has the largest market share of the viscosity index improvers market due to increasing demand from the automobile sector in developing
economies such as China and India. Manufacturers tend to prepare their products
with high-end safety and superior quality to the customers in the global
market. This is projected to act as a catalyst for the growth of the global
viscosity index improvers market in the future.
The report on
global viscosity index improvers market covers segments such as type, and
end-user industry. On the basis of type, the sub-markets include
polymethacrylate (PMA), olefin copolymer (OCP), polyisobutylene (PIB), and
other types. On the basis of end-user industry, the sub-markets include
automotive lubricants, industrial lubricants, and other end-user industries.
The report
provides profiles of the companies in the market such as Afton Chemical
Corporation, Infineum International Limited, Sanyo Chemical Industries, Ltd.,
Lubrizol Corporation, Chevron Oronite Company LLC, Nanjing Runyou Chemical
industry Additive Co., Ltd., Shenyang Great Wall Lubricating Oil Manufacturing
Co., Ltd., and Evonik Industries AG.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of viscosity index improvers market. Moreover,
the study highlights current market trends and provides forecast from 2019-2025.
We also have highlighted future trends in the market that will affect the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight into the market share of the leading
players.
Please Choose One of them.