Press release
(2019-2025) Lubricant Viscosity Grade Improvers Market Report : Scope Overview, Huge Growth Opportunities, Challenges
Viscosity grade improvers are polymers that are mixed with base oil to regulate the change of viscosity in the oil with the change in temperature. Shear stability and thickening capability are the most important parameters of a lubricant viscosity grade improver. They are made up of polymers such as olefin copolymers (OCPs), polymethacrylates (PMAs), and styrene block polymers.Viscosity grade improvers are used in PCMOs to provide high fuel efficiency, reduce emissions, frictions, reduce the chances of damage and wear, and influence the effective functioning of the lubricant used in the engine. The growth in sales of passenger cars and the introduction of new taxation rates and subsidies, will contribute to the growth of the viscosity index improvers market in this end user segment.
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End-users can use engines lubricated with multigrade oils at a wide range of temperatures and for an extended period of time. Multigrade oils display the properties of two viscosity grades as they contain a mixture of viscosity grade improvers mixed in low viscosity oil.
The global Lubricant Viscosity Grade Improvers market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Lubricant Viscosity Grade Improvers market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Lubricant Viscosity Grade Improvers in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Chevron Oronite
Evonik
Lubrizol
Lanxess
Infineum
NewMarket
Sanyo Chemical Industries
Midcontinental Chemical
Croda International
Amtecol
Jinzhou Kangtai Lubricant Additives
Nanjing Runyou Chemical Industry Additive
Shenyang Great Wall Lubricating Oil Manufacturing
By the product type, the market is primarily split into
Multigrade Oils
Multigrade Oils
By the end users/application, this report covers the following segments
Passenger Car Motor Oils (PCMOs)
Heavy-Duty Motor Oils (HDMOs)
Hydraulic Fluids
Gear Oils
Other
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