The global Lubricant Viscosity Index Improvers market was valued at 2593.34 Million USD in 2021 and will grow with a CAGR of 1.45% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Viscosity Index Improvers (VIIs), also known as Viscosity Modifiers, comprise a class of additives that improve the viscosity-temperature characteristics of the lubricant, making the oil`s viscosity more stable as its temperature changes. Lubricant Viscosity Index Improvers is made from polymers, which are long and flexible molecules used in the production of lubricant to reduce lubricant viscosity changes at high and low temperatures. When viscosity index improvers are added to low-viscosity oils, they effectively thicken the oil as temperature increases. This means the lubricating effect of mineral oils can be extended across a wider temperature range. The technical barriers of lubricant viscosity index improvers are not high, however, Industrial monopoly in the marker is rather serious, and several giants are Lubrizol, Oronite, Infineum, and Afton. These companies mainly distribute in the United States, Singapore, and Europe. Asia-Pacific is the largest consumer of lubricant viscosity index improvers with 36.23% share in 2016.

By Market Verdors:

Company A

Company B

…

By Types:

Olefin Copolymer VI Improver (OCP)

Polymethacrylate Viscosity Index Improver (PMA)

By Applications:

Automotive Lubricants

Industrial Lubricants

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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