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Global Viscosity Index Improvers Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025
Global Viscosity Index Improvers Market 2019, Global Viscosity Index Improvers Market Growth, Viscosity Index Improvers
"Viscosity Index Improvers Market by Type (Polymethacrylate, Olefin Copolymer, Polyisobutylene, Others), End User Industry, Regions",and Global Forecast 2018-2025.
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Major players in the global viscosity index improvers market are The Lubrizol Corporation, Nanjing Runyou Chemical industry Additive Co., Ltd., Evonik Industries AG, Sanyo Chemical Industries, Ltd., Afton Chemical Corporation, Chevron Oronite Company LLC, Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd., BASF AG, Xingyun Chemical, Shanghai High-Lube Additives, YASHIKE LAI'EN, BPT Chemical, among others. There has been a constant demand from the automotive industry for the Viscosity Index Improvers that provide excellent low temperature performance. Thus in 2018 Chevron Chevron Oronite Company, announced the launch of PARATONE 8935E intended for car motor oil application. PARATONE 8935E is an engine oil fortified with ethylene olefin copolymer viscosity improver to deliver the excellent performance at the low temperature.
Type segment is divided into Polymethacrylate, Olefin Copolymer, Polyisobutylene, and Others. On account of their widespread use in the production of industrial lubricants the polymethacrylate viscosity improver segment emerge as the largest in the global Viscosity Index Improvers market with USD XX.XX million revenue in 2017. Olefin Copolymers segment is projected to progress at a steady growth rate over the forecast period. End user industry is segmented into automotive, off-road vehicles, industrial machinery, and others. On account of factors such as increasing demand for the lubricants with improved thermal performance as well as to improve the fuel economy and reduce engine deposits the automotive segment emerged as the leader in the global Viscosity Index Improvers market with USD XX.XX million revenue in 2017. The rapid pace of industrialization in the developing economies of the world coupled with an increasing focus on the maintaining the industrial machinery are the factors that are anticipated to propel the industrial segment to attain the highest CAGR of X.XX% over the forecast period.
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Although the rising demand for high-performance lubricants and global increase in automobile sales are the factors that are driving the global Viscosity Index Improvers market. The susceptibility of lubricants to mechanical shearing as well as prolonged engine oil drain interval duration are anticipated to be the major restraining factors for the market growth.
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