LONDON--(BUSINESS WIRE)--Technavio has announced the top nine leading vendors in their recent global polymethacrylate market in viscosity index improvers (VII) and pour-point depressants (PPD) report. The report also presents the vendor landscape and a corresponding detailed analysis of the five prominent vendors operating in the market.
Synthetic and fire-resistant fluids are characteristically merged with additives packages that have higher quantities of viscosity index modifiers in comparison to additive packages for mineral oil‐based hydraulic fluids. Viscosity index modifiers, such as polymethacrylate provides the fluid with shear stability at high temperatures. Therefore, an increase in the consumption of synthetic and fire‐resistant hydraulic fluids will drive the consumption of viscosity index modifiers during the forecast period.
Competitive vendor landscape
The current global polymethacrylate market in VII and PPD is dominated by few major players such as Afton, Chevron Oronite, Lubrizol, Evonik, and Infineum. However, there has been a consistent rise in the number of local players who manufacture motor oils through various cheaper production processes.
“The entry barriers are not significantly high for new players in the industry as they have easy access to the manufacturing technology. With an increasing commoditization of lubricant, the scope for differentiation is getting limited. Vendors therefore primarily compete on the terms of distribution and reach so as to ensure maximum reach of the product,” says Ajay Adikhari, a lead specialty chemicals analyst from Technavio.
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Top nine polymethacrylate market vendors in VII and PPD
Afton Chemical offers additives for automatic transmission, automotive gear oil, continuously variable transmissions, dual clutch transmissions, off-road vehicle additives (such as universal additives for the agricultural segment and high-performance additives for the construction and mining segments), and power-assisted steering. Some of its product models include HiTEC 1509, HiTEC 3411, HiTEC 8703, and HiTEC 2435.
The company operates and owns manufacturing facilities in 17 countries, and has technical and sales offices worldwide. Lubrizol supplies and produces technologies to customers in the industrial, transportation, and consumer markets.
Lubrizol established its presence in additives, adhesives, and sealants sector with its offerings through its business segments such as Lubrizol additives, Lubrizol advanced materials, and Lubrizol oilfield solutions.
Chevron Oronite offers marine lubricant technologies, such as MAPS (Marine and Powergen System) technology. The company developed marine additive formulations to improve the performance of different types of engines such as two-cycle, slow-speed crosshead engines; and four-cycle, medium speed trunk piston engines. The company's MAPS enables the marine players to meet the stricter emission regulations.
Evonik Industries manufactures specialty chemicals for the automotive, construction, electronics, agriculture, food, mining, oil and gas and several other industries. The company produces polymer materials and intermediates mainly for the rubber and plastics industries. Its products include high-performance materials based on methyl methacrylate, polyetheretherketone and polyimides, and advanced intermediates such as C4 products, oxo alcohols, and plasticizers.
These are designed to guard and enhance the performance of engines in light-duty trucks and cars that run on diesel, gasoline, and other alternative fuels such as ethanol. These products can also be used to formulate lubricants for a range of gasoline and light-duty diesel engine performance requirements that include latest OEM, API, ACEA, and Japan Automobile Manufacturers Association (JAMA) specifications.
Moreover, the Infineum P series is used to deliver unique performance requirements in a wide variety of base stocks when combined with PPD, a viscosity modifier, and supplemental engine oil additives.
The company is the manufacturer of lubricants, greases, viscosity improvers and serves a wide range of end-user segments like marine, automotive, industries.
The company offers a wide range of lubricants and additive packages for various automotive and industrial applications.
The company is the manufacturer and supplier of wide range of lubricant additives products.
MidContinental Chemical Company
It develops innovative products of petroleum and lubrication oil additives. It has been providing a wide range of services in logistics and equipment, logistics and distribution.
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