Report

Global Viscosity Index Improvers Market Size study, by Product Type (Polymethacrylate, Ethylene Propylene Copolymer, Hydrostyrene Diene Copolymer, Polyisobutylene, Others) by end use industries and Regional Forecasts 2022-2028

  • Publish Date: Apr,2022
  • Report ID: QI037
  • Page : 250
  • Report Type : PDF (Email)
Global Viscosity Index Improvers Market Size study, by Product Type (Polymethacrylate (PMA), Ethylene Propylene Copolymer (OCP), Hydrostyrene Diene Copolymer (HSD), Polyisobutylene (PIB), Others) by end use industries (Vehicle Lubricants, Industrial Lubricants, Transmission Fluids) and Regional Forecasts 2022-2028Global Viscosity Index Improvers Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. A viscosity index improver are type of polymer additives that expands at elevated temperatures and thicken the lubricant and ensure a more stable and consistent viscosity. Viscosity improvers also helpful in the formulation of multigrade oils which removes the need for seasonal oil changes. Growing lubricants sector and rising automotive industry are key drivers for the growth of Viscosity Index Improvers market. For instance, according to global database management company Statista- As of 2019, global industrial lubricants market is valued at USD 62.8 billion and by the year 2024 the market is estimated to reach to USD 73 billion. Also, growing industrialization in emerging economies and increasing demand for high-performance lubricants, the adoption & demand for Viscosity Index Improvers is likely to increase the market growth during the forecast period. However, supply chain disruption due to pandemic restrictions impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Viscosity Index Improvers market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and increasing sales of commercial vehicles in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing industrialization in the region would create lucrative growth prospects for the Viscosity Index Improvers market across Asia-Pacific region.

Major market player included in this report are:
The Lubrizol Corporation
Infineum International Limited
Chevron Oronite Company LLC
Evonik Industries AG
Afton Chemical Corporation
BASF SE
Sanyo Chemical Industries
Croda International Plc
Lanxess AG
Mitsui Chemicals, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Polymethacrylate (PMA)
Ethylene Propylene Copolymer (OCP)
Hydrostyrene Diene Copolymer (HSD)
Polyisobutylene (PIB)
Others
By End Use Industries:
Vehicle Lubricants
Industrial Lubricants
Transmission Fluids
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028

Target Audience of the Global Viscosity Index Improvers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

The Lubrizol Corporation
Infineum International Limited
Chevron Oronite Company LLC
Evonik Industries AG
Afton Chemical Corporation
BASF SE
Sanyo Chemical Industries
Croda International Plc
Lanxess AG
Mitsui Chemicals, Inc.