Market Overview:
Viscosity index improvers are polymeric and added to reduce lubricant viscosity changes at high and low temperatures, it is an arbitrary scale for lubricating oils that indicates the extent of the variation in viscosity with a variation of temperature. When viscosity index improvers are added to low-viscosity oils, they effectively thicken the oil as temperature surges. This means the lubricating effect of mineral oils can be prolonged across a wider temperature range. Furthermore, it reduces the dependency of a lubricant’s viscosity to change with either an increase or decrease in temperature and can be used in many different lubricant applications.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Lubrizol Corporation (United States), Chevron Oronite SA (United States), Infineum International Limited (United Kingdom), Afton Chemical Corporation (United States), BASF SE (Germany), Evonik Industries AG (Germany), Ethyl Corporation (United States), Repsol, S.A. (Spain), Sanyo Chemical Industries, Ltd. (Japan) and Shanghai High-Lube Additives (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics by major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Viscosity Index Improvers Market Study:
Lubrizol Corporation (United States), Chevron Oronite SA (United States), Infineum International Limited (United Kingdom), Afton Chemical Corporation (United States), BASF SE (Germany), Evonik Industries AG (Germany), Ethyl Corporation (United States), Repsol, S.A. (Spain), Sanyo Chemical Industries, Ltd. (Japan) and Shanghai High-Lube Additives (China)
In the last few years, Global market of Viscosity Index Improvers developed rapidly, with an average growth rate of 2.82% , in 2021 Global revenue of Viscosity Index Improvers is nearly USD3725.0 Million. Major factors driving the market are High Growth in Automotive Industry
.
On the basis of product type, the Viscosity Index Improvers market is segmented by Olefin Copolymer Viscosity Improver (OCP), Polymethacrylate Viscosity Index Improver (PMA) and Others.
On the basis of applications, the Viscosity Index Improvers market is segmented by Automotive Lubricants, Industrial Lubricants and Others.
Latest Industry Highlights:
InIn August 2020, Lubrizol Advanced Materials, Inc., the inventors and largest CPVC compound manufacturers globally, that FlowGuard® CPVC Processor agreement for the manufacture and sale of Prince FlowGuard® Plus CPVC (Chlorinated polyvinyl chloride) pipes and fittings in India was signed. In September, Prince Pipes and Fittings Ltd. will begin selling FlowGuard Plus products in India..
Some of the other players that are also part of study are BPT Chemical (Vietnam), Xingyun Chemical (China), YASHIKE LAI and Nanjing Runyou. The Global Viscosity Index Improvers market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Viscosity Index Improvers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Viscosity Index Improvers market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Viscosity Index Improvers, Suppliers of Raw Materials, Wholesalers, Distributors and Retailers of Viscosity Index Improvers, Automotive Industry, Governmental Bodies and Research Firms.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.