Global Viscosity Index Improvers Market 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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Key Trends
Some of the key trends in Viscosity Index Improvers technology include the development of more environmentally friendly products, the use of nanotechnology to improve product performance, and the focus on developing products that can be used in a variety of applications. One of the biggest trends in Viscosity Index Improvers technology is the development of more environmentally friendly products. This is being driven by stricter regulations on the use of chemicals, as well as the growing awareness of the impact of chemicals on the environment.
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.
Market Segmentation
By Type
- Polymethacrylate
- Ethylene Propylene Copolymer
By Application
- Vehicle Lubricants
- Industrial Lubricants
By End-Use
- Automotive
- Off-Road Vehicles
By Region
- North America
- US
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Key Players
- The Lubrizol Corporation
- Infineum International Limited
- Chevron Oronite Company LLC
- Evonik Industries AG
- Afton Chemical Corporation
- BASF SE
- Sanyo Chemical Industries
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