MarketResearchReports.Biz announces addition of new report “Viscosity Index Improvers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025 ” to its database.
The main objective of this report is to define, describe, and forecast the global “Viscosity Index Improvers” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Viscosity offers resistance against internal friction between two surfaces or fluid particles during the flow of fluids. The change in viscosity across temperature variations is arbitrarily measured by viscosity index (VI). Fluid’s friction reducing ability is closely related to its viscosity.
Typically, fluids that can force the two moving surfaces apart with the least viscosity are preferred. If a fluid is of very low viscosity, the friction between the surfaces can increase due to their contact with each other. On the other hand, large energy is required for movement if the fluid is too viscous.
Based on the scale of viscosity index, fluids can be categorized into low, medium, high, and very high viscosity fluids. The VI scale was set up by the Society of Automotive Engineers (SAE). Depending upon the application, fluids with appropriate viscosity are selected to carry out the process.
If the viscosity is not at par with the requirements, viscosity index improvers (VIIs) can be added to the fluid to modify its viscosity. For instance, turpentine is added to paints to make the paint thinner and less viscous. In this instance, the low viscosity of the fluid is desirable in order to increase work efficiency.
Commonly employed VIIs are polymers, typically olefin copolymers (OCP) of ethylene and propylene. These polymers are employed in the making of diversified products such as lubricant additives, insulation or coating of electrical wires, and automobile trims. When an increase in the viscosity of oils is required, polymer coils can be used as their interaction with oil and each other causes resistance to the flow of oil. In this instance, the high viscosity of the fluid is desirable.
The field of VIIs or viscosity modifiers is still advancing; research & development activities are being carried out in chemical technology in order to develop products that can modify the viscosity of fluids without changing their chemical properties and effectiveness.
Viscosity index improvers are commonly used in automotive lubricants, especially passenger cars and heavy-duty trucks. They are employed in automatic transmission fluids, multi-grade engine oils, certain hydraulic fluids, gear oils, and greases. These applications dominate the VIIs used in the lubricants market.
Engine friction can be reduced by lowering viscosity of lubricants. This can contribute toward fuel economy performance of a vehicle. Improving fuel economy performance is a priority for passenger car OEMs due to the numerous environmental legislations and consumer requirements. Fuel economy derived from redesigning of engines is less cost-effective as compared to advancements in lubricants & their formulations. Hence, R&D in lubricants is gaining prominence for efficiency improvement.
Based on type of fluid in which VIIs are employed, the market can be segmented into lubricants, fuels, industrial solvents, hydraulic fluids, chemicals, and others. Based on industry application, the market for viscosity index improvers can be divided into automotive, paints & coatings, oil & gas, marine, food, industrial equipment, and others.
Substantial requirement for VIIs exists in developed regions due to their proficient use in order to increase efficiency across various process industries. Rise in industrialization is expected to be one of the factors driving the market for viscosity index improvers in developing economies. Demand for eco-friendly and stable products is on the rise. Several industries are switching to these products. The use of ecofriendly products is anticipated to boost the viscosity index improvers market in the near future.
Key players operating in the viscosity index improvers market include Chevron Oronite Company LLC, Infineum International Limited, Afton Chemical, Functional Products Inc, The Lubrizol Corporation, Evonik, Conco Philips, and Tri-iso Tryline.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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