![]() ![]() The global viscosity improver market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. ![]() Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa).Latin America (Brazil, Mexico and Rest of Latin America).Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific).Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe).Key players operating in the global viscosity index improver market are Evonik Industries, The Lubrizol Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Infineum International Limited, Sanyo Chemical Industries, Ltd., Nanjing Runyou Chemical Industry Additive Co., Ltd., Shenyang Great Wall Lubricating Oil Manufacturing Co., Ltd, Sanyo Chemical, Xingyun Chemical, Shanghai High-Lube Additives, Yashike Laien, and BPT Chemical. This, in turn, is likely to restrain the global viscosity index improver market. This rise in the oil drain interval is likely to reduce the consumption of engine oils in automobiles. Key market restraint for the global viscosity index improver market is the new innovations brought in the automotive industry, which increase the engine oil drain interval. These two factors have together acted as the key market drivers for global viscosity index improver market. Also, the fast-growing industrialization has increased the demand for lubricants. There has been an increase in demand for vehicles with an increase in disposable income all around the world. To gain extensive insights into the market, Request for Customization The rise in demand for vehicles is the factor which has seen the market occupy more percentage in the automotive sector. On the basis of end user, global viscosity index improver market can be segmented into automotive, off-road vehicles, industrial machinery, and others. Polymethacrylate dominates this market with more than half shares in terms of volume and capacity. On the basis of type, global viscosity index improver market can be segmented into polymethacrylate, olefin copolymer, polyisobutylene, and others. Automotive industry forms a large share of use of lubricants. Viscosity index improvers are made up of polymeric molecules which tend to maintain viscosity of lubricant at high and low temperature condition. Viscosity index improvers are the additives used to improve the performance of the engine by improving the performance of the lubricant at high and low temperatures. Therefore, using lubricants helps the engine perform efficiently at all temperatures. The machines and engines used in the industrial and automotive sector do not run at a constant temperature throughout.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |