Lubricant Viscosity Grade Improvers Market - Segment and Growth by Technavio

Technavio has published a new report on the global lubricant viscosity grade improvers market from 2017-2021. (Photo: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global lubricant viscosity grade improvers market is expected to grow at a CAGR of almost 3% through 2021.

This research report titled ‘Global Lubricant Viscosity Grade Improvers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The global lubricant viscosity grade improvers market is expected to grow rapidly till 2019 but may face a slowdown in 2020 and 2021 because of the increase in production and demand for hybrid and electric vehicles. New entrants are planning to enter the market as the technology required to manufacture viscosity grade improvers is easily available. The only reason they are restricting themselves is the anticipated slow growth of the market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio’s analysts categorize the global lubricant viscosity grade improvers market into four major segments by end user. They are:

  • Passenger car motor oils (PCMOs)
  • Heavy-duty motor oils (HDMOs)
  • Hydraulic fluids
  • Gear oils

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The top three segments based on end user for the global lubricant viscosity grade improvers market are discussed below:

Global lubricant viscosity grade improvers market for PCMOs

PCMOs are the largest end-user segment of the market. It accounted for 47.4% of the overall volume consumption in 2016. In PCMOs, viscosity grade improvers are used to provide high fuel economy, to reduce emissions, frictions, and chances of damage and wear and result in the effective functioning of the lubricant. In PCMOs, OCP- and styrenics-based viscosity grade improvers are commonly used.

According to Shakeel Iqbal, a lead specialty chemicals research analyst from Technavio, “Viscosity grade improvers used in multigrade engine oil formulations are available in dispersant as well as non-dispersant types. PMA is another type of chemical class viscosity improvers used in PCMOs. The optimization of formulations for low-viscosity grade oils such as 0W-16, which are required to meet the GF-6A and GF-6B requirements, will positively influence the consumption of viscosity grade improvers.”

Global lubricant viscosity grade improvers market for HDMOs

HDMOs are the second largest the end-user segment of the market. The segment accounted for 35.4% of the overall volume consumption in 2016. OCP-based viscosity grade improvers are the most effective in the HDMO category. HDMOs use viscosity grade improvers that contain self-assembling diblock copolymers.

“The focus has increased on the betterment of the environment and the elimination of greenhouse gases. The emission regulations passed by various agencies such as the Environmental Protection Agency and the Vehicle Certification Agency for commercial and heavy-duty vehicles used for transportation have increased investments in measures that reduce the emission of carbon dioxide and similar harmful gases,” says Shakeel.

Global lubricant viscosity grade improvers market for hydraulic fluids

The hydraulic fluid segment is one of the major end-users, where OCP-, PMA- and polyisobutylene (PIB)-based viscosity grade improvers are used. PIB-based viscosity grade improvers are used primarily during low temperature. These are used as cost-effective thickeners.

PMA- and PIB- based viscosity grade improvers are more preferred than OCP-based viscosity grade improvers in several appliances that work under low temperature but require high shear stability. The content of these polymers depends on the class of chemicals.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Chevron Oronite
  • Evonik
  • Infineum
  • Lubrizol
  • NewMarket

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to the study released by Technavio, the lubricant viscosity grade improvers market is expected to grow at a CAGR of almost 3% until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com