Viscosity Index Improvers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
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.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- 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
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsSilanes Market - Global Industry Analysis and Opportunity Assessment, 2020-2030