Global Viscosity Index Improvers report from Global Insight Services is the single authoritative source of intelligence on Viscosity Index Improvers market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Viscosity index improvers (VII) are a class of additives used to modify the viscosity-temperature characteristics of lubricating oils. By reducing the rate of change of viscosity with temperature, VII’s enable oils to maintain their viscosity over a wider temperature range. This provides better protection for metal surfaces, especially during start-up and high-temperature operations.
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Market Segments
The viscosity index improvers market is segmented by type, application, end-user, and region. By type, the market is classified into polymethacrylate, ethylene-propylene copolymer, and others. Based on application, it is bifurcated into vehicle lubricants, industrial lubricants, and transmission fluids. On the basis of end-user, it is divided into automotive, off-road vehicles, industrial machinery, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global viscosity index improvers market includes players such as 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, and others.
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Key Drivers
The key drivers of the Viscosity Index Improvers market are the rising demand for lubricants from the automotive and manufacturing industries, and the need for high-performance products.
The automotive industry is the largest consumer of lubricants, and the demand for Viscosity Index Improvers is expected to grow in this sector.
The manufacturing industry is another major consumer of lubricants, and the demand for Viscosity Index Improvers is expected to grow in this sector as well.
The rising demand for Viscosity Index Improvers from the automotive and manufacturing industries is expected to drive the growth of the Viscosity Index Improvers market.
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