According to a new market research report launched by Inkwood Research, the Global Viscosity Index (VI) Improvers Market is anticipated to develop with a CAGR of 2.90% during the forecasting years of 2022 to 2030, generating a revenue of $5688.10 million by 2030.
Browse 45 market data Tables and 42 figures spread over 154 Pages, along with in-depth analysis on Global Viscosity Index (VI) Improvers Market by Application, Type & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Viscosity Index (VI) Improvers Market Scenario
Viscosity index is extensively used for measuring the change in the viscosity of a fluid, relative to temperature. In this regard, the greater the viscosity index, the lesser is the relative change in viscosity with temperature.
Lubricants are an integral part of the modern-day industry. They are primarily utilized to minimize friction between two different surfaces, thus enhancing operational efficiency, in addition to providing wear protection to surfaces. As a result, this factor outspreads machine runtimes and reduces the wear and tear of machine components. Furthermore, to ensure the lubricant remains effective even at increased temperatures, different additives, including viscosity index improvers, are added for refining the lubricants’ effectiveness and consistency at different temperatures. Hence, the surging demand for high-performance engine oils augments the global viscosity index (VI) improvers market growth. However, the market is likely to be hindered by longer oil change intervals due to advancements in lubricant technology and additional associated costs.
The Global Viscosity Index (VI) Improvers Market report provides data tables and includes charts and graphs for visual analysis.
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Market by Type
- Olefin Copolymer
- Other Type
Market by Application
- Passenger Vehicles
- Heavy Duty Vehicles
- Other Vehicles
- Other Applications
– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030
- BPT CHEMICAL CO LTD
- EVONIK INDUSTRIES AG
- INFINEUM INTERNATIONAL LIMITED
- JILIN XINGYUN
- BRB INTERNATIONAL BV
- CHEVRON ORONITE COMPANY LLC
- AFTON CHEMICAL CORPORATION
- SANYO CHEMICAL INDUSTRIES LTD
- SHANGHAI MINGLAN CHEMICAL CO LTD
- ASIAN OIL COMPANY
- BASF SE
- INTERNATIONAL PLC
- ENI SPA
- CHEMICAL CO LTD
- JINZHOU KANGTAI LUBRICANT ADDITIVES CO LTD
- LUBRIZOL CORPORATION
- EXXON MOBIL CORPORATION
GLOBAL LUBRICANTS MARKET – The global lubricants market is estimated to develop with a CAGR of 1.09% over the forecasting period of 2019 to 2028.
GLOBAL LUBRICANT ADDITIVES MARKET – The global lubricant additives market is evaluated to grow with a CAGR of xx% in terms of revenue as well as xx% in terms of volume from 2019 to 2027.
GLOBAL METALWORKING FLUIDS MARKET – the global metalworking fluids market is expected to project a CAGR of 3.26% during the forecast years of 2020 to 2028.