According to a market report by Lucintel, the future of the global viscosity index improver market looks promising with opportunities in the engine oil, transmission fluid, hydraulic fluid, and gear oil markets. The global viscosity index improver market is expected to grow with a CAGR of 3.9% from 2024 to 2031. The major drivers for this market are the increasing demand for high-performance lubricants, the rising adoption of advanced automotive technologies, and the growing need for energy-efficient industrial solutions.
A more
than 150-page report to understand trends, opportunity and forecast in global viscosity
index improver market to 2031 by type (olefin copolymers based,
polymethacrylate based, and others), application (engine oils, transmission fluids,
hydraulic fluids, gear oils, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, olefin copolymers based is expected
to witness higher growth over the forecast period.
Within the
application category, engine oil is expected to witness the highest growth.
Download
sample by clicking on viscosity
index improver market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Lubrizol,
Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB
International, Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant
Additives are the major suppliers in the viscosity index improver market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com to get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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