The global viscosity index improver market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Viscosity Index Improver Market Size, Share And Global Trend By Type (Polymethacrylate, OlefinCopolymer, Polyisobutylene), By End user (Automotive, Off-Road Vehicles, Industrial Machinery), And Geography Forecast Till 2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other viscosity index improver market trends. The report is available for sale on the company website.
According to the study, the rise in the variety and production of vehicles worldwide is a major factor boosting the market for viscosity index improvers. Since engines used in the automotive and industrial sectors cannot run constantly at the same temperature throughout without using lubricant, experts foresee a promising future ahead for the market. Lubricants help to maintain the smooth running of engines at all temperatures. Viscosity index improvers are additives used for helping lubricants perform at an extreme low or high temperatures. Against this backdrop, it can be said that the expansion of the automotive industry will augur well for the overall market.
List of the companies operating in the global viscosity index improvers market:
- Nanjing Runyou Chemical Industry Additive Co. Ltd.
- Infineum International Limited Ltd.
- Sanyo Chemical
- Shenyang Great Wall Lubricating Oil Manufacturing Co. Ltd
- Sanyo Chemical Industries
- Xingyun Chemical
- Evonik Industries
- Chevron Oronite Company LLC
- The Lubrizol Corporation
- Yashike Laien
- Afton Chemical Corporation
- BPT Chemical
- Shanghai High-Lube Additives
Viscosity index improver market is categorized on the basis of type and end-user. Further classification on the basis of type includes polyisobutylene, olefin copolymer, polymethacrylate, and others out of which polymethacrylate is dominating the market with about more than a half of the shares in terms of capacity and volume. Based on end-user, the subcategories include off-road vehicles, industrial machinery, automotive, and others. Out of these, the automotive sector is anticipated to dominate the market because of the increasing demand for vehicles worldwide.
“Asia Pacific to Contribute Major Market Shares with Larger Production of Vehicles”
Fortune Business Insights foresees the Asia Pacific to dominate the global viscosity index improvers market during the forecast period. This is owing to the presence of large automotive industries and the increasing number of vehicle production in the region. The market in India and China is anticipated to expand significantly because of this increasing demand for automobiles. On the other side, the viscosity index improvers market in Europe and North America are expected to hold a leading share in terms of revenue during the forecast period. Additionally, the Middle East and Africa and Latin America are predicted to show a moderate rate of growth in the coming years.
View press release for more information @ https://www.marketwatch.com/press-release/viscosity-index-improver-market-robust-expansion-by-top-key-manufactures-till-2026-worldwide-overview-by-size-share-trends-segments-2020-07-30
Regional Analysis for Viscosity Index Improver Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Viscosity Index Improver Market:
- Executive Summary
- Market Dynamics
- Key Viscosity Index Improver Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Viscosity Index Improver Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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