According to a new market research report published by Global Insight Services “ Viscosity Index Improvers Market is expected to reach US$ XX bn by 2031. 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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Top Key Players in Viscosity Index Improvers market: The Lubrizol Corporation, Infineum International Limited, Chevron Oronite Company LLC, Evonik Industries AG
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.
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.
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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.
Reasons to buy Viscosity Index Improvers Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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