Report Detail
Global Viscosity Improvement Agent Market Report 2018-2029
- RnM3877149 |
- 22 August, 2023 |
- Global |
- 144 Pages |
- HJResearch |
- Other
Viscosity Improvement Agent, also known as Viscosity Index Improvers (VIIs), are chemical additives that are added to lubricating oils to improve the viscosity-temperature relationship of the oil. VIIs play a critical role in maintaining optimum levels of viscosity at different temperatures, and are used in a wide range of industrial applications.
The global Viscosity Improvement Agent market size in 2022 is forecasted to be US$1929 million, with a Compound Annual Growth Rate (CAGR) of 3.8%. The market for Viscosity Improvement Agents has been growing steadily due to increasing demand from the automotive, off-road vehicles, and industrial machinery industries.
Among the major manufacturers of Viscosity Improvement Agents globally are The Lubrizol, Chevron Oronite, Infineum International, Evonik Industries, Afton Chemical, Nanjing Runyou Chemical Industry Additive, Shenyang Great Wall Lubricating Oil Manufacturing, and Sanyo Chemical Industries.
The automotive industry is the largest consumer of Viscosity Improvement Agents, accounting for a significant share of the market. Viscosity Improvers are added to engine oils to ensure consistent lubrication at high temperatures, thus enabling the engine to operate smoothly under extreme conditions. The off-road vehicles segment is also a key application area for VIIs. Due to the harsh operating conditions and rugged terrains, off-road vehicles require high-performance lubricating oils that can withstand demanding conditions.
The industrial machinery segment is also a significant consumer of Viscosity Improvement Agents. Machinery used in manufacturing facilities, power plants, and other heavy industries require specialized lubricants that can maintain optimum viscosity levels even at high temperatures. As a result, Viscosity Improvement Agents play a vital role in ensuring the smooth operation of industrial machinery.
Despite the steady growth of the Viscosity Improvement Agent market, there are several challenges faced by manufacturers. One of the key challenges is the availability of raw materials required for manufacturing VIIs. The complex chemical compositions of VIIs require specialized raw materials that are not easily available, and as a result, manufacturers face supply chain issues.
Another challenge faced by the Viscosity Improvement Agent industry is increasing pressure to meet environmental regulations. Due to the potential adverse impact of lubricating oils on the environment, manufacturers are required to comply with strict regulations regarding the production and disposal of VIIs.
Despite these challenges, the Viscosity Improvement Agent industry is expected to grow due to increasing demand from end-user industries such as automotive, off-road vehicles, and industrial machinery. Additionally, the development of advanced VIIs that offer improved thermal stability and environmental performance is expected to drive market growth in the coming years.
The SWOT analysis of the Viscosity Improvement Agent industry is as follows:
Strengths:
1. Growing demand for viscosity improvement agents in various industries such as automotive, oil and gas, and food and beverages.
2. Technological advancements in viscosity improvement agents to enhance their performance and efficiency.
3. Increasing awareness of the benefits of using viscosity improvement agents in different applications.
4. Growing research and development activities to develop new and innovative viscosity improvement agents.
5. Strong distribution channels and supply chain management to ensure efficient delivery of the products.
Weaknesses:
1. High cost of viscosity improvement agents compared to traditional alternatives.
2. Dependence on petroleum-based raw materials, which can pose a risk to the environment.
3. Limited availability of viscosity improvement agents in certain regions.
4. Lack of awareness about the importance of using viscosity improvement agents in some industries.
5. Limited investment in research and development activities in some companies.
Opportunities:
1. Growing demand for eco-friendly and sustainable viscosity improvement agents.
2. Increasing demand for high-performance viscosity improvement agents in the automotive and oil and gas industries.
3. Rising demand for packaged and processed food products, which increases the demand for viscosity improvement agents.
4. Growing need for viscosity improvement agents in the construction and paint industries.
5. Increasing demand for personalized products and customer-centric offerings, which can create opportunities for new viscosity improvement products.
Threats:
1. Intense competition from other companies offering similar products.
2. Stringent government regulations and environmental policies that regulate the use of petroleum-based raw materials.
3. Economic uncertainties and volatile oil prices that can impact the cost and availability of raw materials.
4. Increasing focus on research and development activities by competitors.
5. Unforeseen events such as the COVID-19 pandemic that can impact the production and supply of viscosity improvement agents.
Key players in global Viscosity Improvement Agent market include:
The Lubrizol
Chevron Oronite
Infineum International
Evonik Industries
Afton Chemical
Nanjing Runyou Chemical industry Additive
Shenyang Great Wall Lubricating Oil Manufacturing
Sanyo Chemical Industries
Market segmentation, by product types:
Polymethacrylate
Olefin Copolymer
Polyisobutylene
Market segmentation, by applications:
Automotive
Off-road Vehicles
Industrial Machinery
1 Industry Overview of Viscosity Improvement Agent
- 1.1 Research Scope
- 1.2 Market Segmentation by Types of Viscosity Improvement Agent
- 1.3 Market Segmentation by End Users of Viscosity Improvement Agent
- 1.4 Market Dynamics Analysis of Viscosity Improvement Agent
- 1.4.1 Market Drivers
- 1.4.2 Market Challenges
- 1.4.3 Market Opportunities
- 1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Viscosity Improvement Agent Industry
- 2.1 The Lubrizol
- 2.1.1 Company Overview
- 2.1.2 Main Products and Specifications
- 2.1.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.1.4 Contact Information
- 2.2 Chevron Oronite
- 2.2.1 Company Overview
- 2.2.2 Main Products and Specifications
- 2.2.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.2.4 Contact Information
- 2.3 Infineum International
- 2.3.1 Company Overview
- 2.3.2 Main Products and Specifications
- 2.3.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.3.4 Contact Information
- 2.4 Evonik Industries
- 2.4.1 Company Overview
- 2.4.2 Main Products and Specifications
- 2.4.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.4.4 Contact Information
- 2.5 Afton Chemical
- 2.5.1 Company Overview
- 2.5.2 Main Products and Specifications
- 2.5.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.5.4 Contact Information
- 2.6 Nanjing Runyou Chemical industry Additive
- 2.6.1 Company Overview
- 2.6.2 Main Products and Specifications
- 2.6.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.6.4 Contact Information
- 2.7 Shenyang Great Wall Lubricating Oil Manufacturing
- 2.7.1 Company Overview
- 2.7.2 Main Products and Specifications
- 2.7.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.7.4 Contact Information
- 2.8 Sanyo Chemical Industries
- 2.8.1 Company Overview
- 2.8.2 Main Products and Specifications
- 2.8.3 Viscosity Improvement Agent Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.8.4 Contact Information
3 Global Viscosity Improvement Agent Market Analysis by Regions, Manufacturers, Types and End Users
- 3.1 Global Sales Volume and Revenue of Viscosity Improvement Agent by Regions (2018-2023)
- 3.2 Global Sales Volume and Revenue of Viscosity Improvement Agent by Manufacturers (2018-2023)
- 3.3 Global Sales Volume and Revenue of Viscosity Improvement Agent by Types (2018-2023)
- 3.4 Global Sales Volume and Revenue of Viscosity Improvement Agent by End Users (2018-2023)
- 3.5 Selling Price Analysis of Viscosity Improvement Agent by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Viscosity Improvement Agent Market Analysis by Countries, Types and End Users
- 4.1 Northern America Viscosity Improvement Agent Sales Volume and Revenue Analysis by Countries (2018-2023)
- 4.2 Northern America Viscosity Improvement Agent Sales Volume and Revenue Analysis by Types (2018-2023)
- 4.3 Northern America Viscosity Improvement Agent Sales Volume and Revenue Analysis by End Users (2018-2023)
- 4.4 United States Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 4.5 Canada Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Viscosity Improvement Agent Market Analysis by Countries, Types and End Users
- 5.1 Europe Viscosity Improvement Agent Sales Volume and Revenue Analysis by Countries (2018-2023)
- 5.2 Europe Viscosity Improvement Agent Sales Volume and Revenue Analysis by Types (2018-2023)
- 5.3 Europe Viscosity Improvement Agent Sales Volume and Revenue Analysis by End Users (2018-2023)
- 5.4 Germany Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.5 France Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.6 UK Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.7 Italy Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.8 Russia Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.9 Spain Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.10 Netherlands Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Viscosity Improvement Agent Market Analysis by Countries, Types and End Users
- 6.1 Asia Pacific Viscosity Improvement Agent Sales Volume and Revenue Analysis by Countries (2018-2023)
- 6.2 Asia Pacific Viscosity Improvement Agent Sales Volume and Revenue Analysis by Types (2018-2023)
- 6.3 Asia Pacific Viscosity Improvement Agent Sales Volume and Revenue Analysis by End Users (2018-2023)
- 6.4 China Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.5 Japan Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.6 Korea Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.7 India Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.8 Australia Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.9 Indonesia Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.10 Vietnam Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Viscosity Improvement Agent Market Analysis by Countries, Types and End Users
- 7.1 Latin America Viscosity Improvement Agent Sales Volume and Revenue Analysis by Countries (2018-2023)
- 7.2 Latin America Viscosity Improvement Agent Sales Volume and Revenue Analysis by Types (2018-2023)
- 7.3 Latin America Viscosity Improvement Agent Sales Volume and Revenue Analysis by End Users (2018-2023)
- 7.4 Brazil Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.5 Mexico Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.6 Argentina Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.7 Colombia Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Viscosity Improvement Agent Market Analysis by Countries, Types and End Users
- 8.1 Middle East & Africa Viscosity Improvement Agent Sales Volume and Revenue Analysis by Countries (2018-2023)
- 8.2 Middle East & Africa Viscosity Improvement Agent Sales Volume and Revenue Analysis by Types (2018-2023)
- 8.3 Middle East & Africa Viscosity Improvement Agent Sales Volume and Revenue Analysis by End Users (2018-2023)
- 8.4 Turkey Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.5 Saudi Arabia Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.6 South Africa Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.7 Egypt Viscosity Improvement Agent Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
- 9.1 Marketing Channel
- 9.1.1 Direct Channel
- 9.1.2 Indirect Channel
- 9.2 Distributors and Traders
10 Global Viscosity Improvement Agent Market Forecast by Regions, Countries, Manufacturers, Types and End Users
- 10.1 Global Sales Volume and Revenue Forecast of Viscosity Improvement Agent by Regions (2024-2029)
- 10.2 Global Sales Volume and Revenue Forecast of Viscosity Improvement Agent by Types (2024-2029)
- 10.3 Global Sales Volume and Revenue Forecast of Viscosity Improvement Agent by End Users (2024-2029)
- 10.4 Global Revenue Forecast of Viscosity Improvement Agent by Countries (2024-2029)
- 10.4.1 United States Revenue Forecast (2024-2029)
- 10.4.2 Canada Revenue Forecast (2024-2029)
- 10.4.3 Germany Revenue Forecast (2024-2029)
- 10.4.4 France Revenue Forecast (2024-2029)
- 10.4.5 UK Revenue Forecast (2024-2029)
- 10.4.6 Italy Revenue Forecast (2024-2029)
- 10.4.7 Russia Revenue Forecast (2024-2029)
- 10.4.8 Spain Revenue Forecast (2024-2029)
- 10.4.9 Netherlands Revenue Forecast (2024-2029)
- 10.4.10 China Revenue Forecast (2024-2029)
- 10.4.11 Japan Revenue Forecast (2024-2029)
- 10.4.12 Korea Revenue Forecast (2024-2029)
- 10.4.13 India Revenue Forecast (2024-2029)
- 10.4.14 Australia Revenue Forecast (2024-2029)
- 10.4.15 Indonesia Revenue Forecast (2024-2029)
- 10.4.16 Vietnam Revenue Forecast (2024-2029)
- 10.4.17 Brazil Revenue Forecast (2024-2029)
- 10.4.18 Mexico Revenue Forecast (2024-2029)
- 10.4.19 Argentina Revenue Forecast (2024-2029)
- 10.4.20 Colombia Revenue Forecast (2024-2029)
- 10.4.21 Turkey Revenue Forecast (2024-2029)
- 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
- 10.4.23 South Africa Revenue Forecast (2024-2029)
- 10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Viscosity Improvement Agent
- 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Viscosity Improvement Agent
- 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Viscosity Improvement Agent
- 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Viscosity Improvement Agent
- 11.2 Downstream Major Consumers Analysis of Viscosity Improvement Agent
- 11.3 Major Suppliers of Viscosity Improvement Agent with Contact Information
- 11.4 Supply Chain Relationship Analysis of Viscosity Improvement Agent
12 Viscosity Improvement Agent New Project Investment Feasibility Analysis
- 12.1 Viscosity Improvement Agent New Project SWOT Analysis
- 12.2 Viscosity Improvement Agent New Project Investment Feasibility Analysis
- 12.2.1 Project Name
- 12.2.2 Investment Budget
- 12.2.3 Project Product Solutions
- 12.2.4 Project Schedule
13 Viscosity Improvement Agent Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.2 References and Data Sources
- 14.2.1 Primary Sources
- 14.2.2 Secondary Paid Sources
- 14.2.3 Secondary Public Sources
- 14.3 Abbreviations and Units of Measurement
- 14.4 Author Details
Summary:
Get latest Market Research Reports on Viscosity Improvement Agent. Industry analysis & Market Report on Viscosity Improvement Agent is a syndicated market report, published as Global Viscosity Improvement Agent Market Report 2018-2029. It is complete Research Study and Industry Analysis of Viscosity Improvement Agent market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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