Viscosity Index Improvers Market Size, In-depth Analysis Report and Global Forecast

The global Viscosity Index Improvers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2022-2028. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the viscosity index improvers market include The Lubrizol Corporation, Chevron Oronite Company LLC, Infineum International Limited, Evonik Industries, Afton Chemical, Nanjing Runyou Chemical industry Additive Co., Ltd., Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd., Sanyo Chemical Industries, Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

Rapid industrialization will be the major driving force for the growth of the viscosity index improvers market. The rise in disposable income and an increase in purchasing power of the global population will enable the growth of this additive in the automotive industry. The need for better fuel efficiency and the use of lubricants in the energy sector will boost demand. The growing demand for reduced emissions will propel more research activities in the use of these lubricants. Reduced industrial activities during the COVID-19 lockdown will see a major downward trend of the global viscosity index improvers market. The major constraint for the growth of this market is the susceptibility of these additives to mechanical shearing and the invention of electric vehicles.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of viscosity index improvers.

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Market Segmentation

The entire viscosity index improvers market has been sub-categorized into type and end-user industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Type

  • Polymethacrylate
  • Olefin Copolymer
  • Polyisobutylene
  • Others

By End-User Industry

  • Automotive
  • Off-road Vehicles
  • Industrial Machinery
  • Others

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for viscosity index improvers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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